Common use of Terms of Stock Option Clause in Contracts

Terms of Stock Option. The option to purchase Common Stock granted hereby is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven (7) years from the Grant Date.

Appears in 11 contracts

Samples: Non Qualified Stock Option Agreement (Bio Key International Inc), Non Qualified Stock Option Agreement (Bio Key International Inc), Non Qualified Stock Option Agreement (Bio Key International Inc)

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Terms of Stock Option. The option to purchase Common Stock granted hereby herein is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified an Incentive Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be the 100% of the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven ten (710) years from the Grant Date.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (VDC Communications Inc), Incentive Stock Option Agreement (VDC Communications Inc), Incentive Stock Option Agreement (VDC Communications Inc)

Terms of Stock Option. The option to purchase Common Stock granted hereby herein is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified an Incentive Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be 110% of the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven five (75) years from the Grant Date.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Moran Frederick A), Incentive Stock Option Agreement (VDC Communications Inc)

Terms of Stock Option. The option to purchase Common Stock granted hereby herein is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified an Incentive Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be slightly more than 110% of the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven five (75) years from the Grant Date.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (VDC Communications Inc), Incentive Stock Option Agreement (Moran Frederick A)

Terms of Stock Option. The option to purchase Common Stock granted hereby herein is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified an Incentive Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be higher than 110% of the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven five (75) years from the Grant DateDecember 8, 1998.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Moran Frederick A), Incentive Stock Option Agreement (VDC Communications Inc)

Terms of Stock Option. The option to purchase Common --------------------- Stock granted hereby herein is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified an Incentive Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be the 100% of the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven ten (710) years from the Grant Date.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (VDC Communications Inc), Incentive Stock Option Agreement (VDC Communications Inc)

Terms of Stock Option. The option to purchase Common --------------------- Stock granted hereby herein is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified an Incentive Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be 110% of the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven five (75) years from the Grant Date.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (VDC Communications Inc), Incentive Stock Option Agreement (VDC Communications Inc)

Terms of Stock Option. The option to purchase Common --------------------- Stock granted hereby is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven ten (710) years from the Grant Date.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (VDC Communications Inc)

Terms of Stock Option. The option to purchase Common Stock granted --------------------- hereby is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven (7) years from the Grant Date.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Bio Key International Inc)

Terms of Stock Option. The option to purchase Common Stock granted hereby herein is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified an Incentive Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be the 110% of the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven five (75) years from the Grant Date.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (VDC Communications Inc)

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Terms of Stock Option. The option to purchase Common Stock granted hereby is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven ten (710) years from the Grant Date.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (VDC Communications Inc)

Terms of Stock Option. The option to purchase Common Stock granted hereby is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven five (75) years from the Grant Date.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (BPK Resources Inc)

Terms of Stock Option. The option to purchase Common Stock granted hereby herein is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified an Incentive Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be 100% of the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven ten (710) years from the Grant DateDecember 8, 1998.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (VDC Communications Inc)

Terms of Stock Option. The option to purchase Common Stock granted hereby herein is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified an Incentive Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be slightly higher than 100% of the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and (d) No portion of this option may be exercised more than seven ten (710) years from the Grant Date.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (VDC Communications Inc)

Terms of Stock Option. The option to purchase Common Stock granted hereby is subject to the terms, conditions, and covenants set forth in the Plan as well as the following: (a) This option shall constitute a Non-Qualified Stock Option which is not intended to qualify under Section 422 of the Internal Revenue Code of 1986, as amended; (b) The per share exercise price for the shares subject to this option shall be the Fair Market Value (as defined in the Plan) of the Common Stock on the Grant Date, which exercise price is set forth on Schedule A hereto; (c) This option shall vest in accordance with the vesting schedule set forth on Schedule A hereto; and; (d) No portion of this option may be exercised more than seven (7) years from the Grant Date; and (e) The Optionee shall have entered into an employment agreement with the Company.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Sac Technologies Inc)

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