The Options. The unissued Shares issuable upon the exercise of options (the “Options”) to be exercised by certain of the Selling Stockholders (the “Optionholders”) have been duly authorized by the Company and validly and reserved for issuance, and at the time of delivery to the Underwriters with respect to such Shares, such Shares will be issued and delivered in accordance with the provisions of the Stock Option Agreements between the Company and such Selling Stockholders pursuant to which such Options were granted (the “Option Agreements”) and will be validly issued, fully paid and non-assessable and will conform to the description thereof in Pricing Disclosure Package and the Prospectus.
The Options. 2.1 The Company hereby grants to the Optionee, on the terms and conditions set out in this Agreement and in the Plan, Options to purchase a total of 3,000,000 Optioned Shares at the Exercise Price.
The Options. The Optionee may, at his/her option, purchase all or any part of an aggregate of __________ shares of Common Stock (the “Optioned Shares”), at the price of $_________ per share (the “Option Price”), on the terms and conditions set forth herein.
The Options. The employee participating in this Agreement, the trust and the option entitlement arrangement is hereby granted and given options upon the terms and conditions and at the times set forth below:
The Options. Each Stockholder hereby agrees as follows:
The Options. The Director is the record and beneficial owner of the Options. The Director owns the Options free and clear of all claims, charges, equities, liens, security interests, pledges, mortgages or encumbrances (other than (i) as will be discharged on or prior to the date hereof and (ii) any restrictions under the Securities Act of 1933, as amended (the “Securities Act”) or state securities laws).
The Options. Xxxxx hereby agrees as follows: -----------
The Options. 2.1 Subject to compliance with applicable laws, the Company hereby grants to the Optionee, on the terms and conditions set out in this Agreement and in the Plan, Options to purchase a total of ONE MILLION TWO HUNDRED FIFTY THOUSAND(1,250,000) Optioned Shares at the Exercise Price.
The Options. The Executive is the record and beneficial owner of the Options. The Executive owns the Options free and clear of all claims, charges, equities, liens, security interests, pledges, mortgages or encumbrances (other than (i) as will be discharged on or prior to the date hereof and (ii) any restrictions under the Securities Act of 1933, as amended (the “Securities Act”) or state securities laws).
The Options. Subject to the terms and conditions set forth herein and in the Plan, the Company's Incentive Compensation Committee has granted the Participant Options to purchase 100,000 shares of the Common Stock (the "Shares") at an initial exercise price of [$2.125] per Share (the last reported sale price of the Common Stock on March 9, 1997) exercisable at any time six (6) months and one day from the date hereof through the date five (5) years from the date hereof.
