Common use of Xxxxx of Options Clause in Contracts

Xxxxx of Options. Employee is further hereby awarded the grant of a non-statutory option to purchase, in whole or in part, on the terms herein provided, a total of 30,000 Common Shares at $32.45 per Common Share, which amount is equal to the fair market value (as defined in the Plan) of the Common Shares on the date of grant of this option. The latest date on which this option, or any part thereof, may be exercised (the “Final Exercise Date”) is January 24, 2018. The Option evidenced by this award is intended to be, and is hereby designated, a non-statutory option, that is, an option that does not qualify as an incentive stock option as defined in section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). The option granted hereunder will vest and be exercisable in the following cumulative installments prior to the Final Exercise date: 10,000 Common Shares on and after January 24, 2009. 10,000 Common Shares on and after January 24, 2010. 10,000 Common Shares on and after January 24, 2011.

Xxxxx of Options. Employee is further hereby awarded the grant of a non-statutory option to purchase, in whole or in part, on the terms herein provided, a total of 30,000 Common Shares at $32.45 $ per Common Share, which amount is equal to the fair market value (as defined in the Plan) of the Common Shares on the date of grant of this option. The latest date on which this option, or any part thereof, may be exercised (the “Final Exercise Date”) is January 24, 2018. The Option evidenced by this award is intended to be, and is hereby designated, a non-statutory option, that is, an option that does not qualify as an incentive stock option as defined in section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). The option granted hereunder will vest and be exercisable in the following cumulative installments prior to the Final Exercise date: 10,000 Common Shares on and after January 24, 2009. 10,000 Common Shares on and after January 24, 2010. 10,000 Common Shares on and after January 24, 2011.

Xxxxx of Options. Employee is further hereby awarded the grant of a non-statutory option to purchase, in whole or in part, on the terms herein provided, a total of 30,000 15,000 Common Shares at $32.45 per Common Share, which amount is equal to the fair market value (as defined in the Plan) of the Common Shares on the date of grant of this option. The latest date on which this option, or any part thereof, may be exercised (the “Final Exercise Date”) is January 24, 2018. The Option evidenced by this award is intended to be, and is hereby designated, a non-statutory option, that is, an option that does not qualify as an incentive stock option as defined in section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). The option granted hereunder will vest and be exercisable in the following cumulative installments prior to the Final Exercise date: 10,000 5,000 Common Shares on and after January 24, 2009. 10,000 5,000 Common Shares on and after January 24, 2010. 10,000 5,000 Common Shares on and after January 24, 2011.

Xxxxx of Options. Employee is further hereby awarded the grant of a non-statutory option to purchase, in whole or in part, on the terms herein provided, a total of 30,000 150,000 Common Shares at $32.45 per Common Share, which amount is equal to the fair market value (as defined in the Plan) of the Common Shares on the date of grant of this option. The latest date on which this option, or any part thereof, may be exercised (the “Final Exercise Date”) is January 24, 2018. The Option evidenced by this award is intended to be, and is hereby designated, a non-statutory option, that is, an option that does not qualify as an incentive stock option as defined in section 422 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). The option granted hereunder will vest and be exercisable in the following cumulative installments prior to the Final Exercise date: 10,000 50,000 Common Shares on and after January 24, 2009. 10,000 50,000 Common Shares on and after January 24, 2010. 10,000 50,000 Common Shares on and after January 24, 2011.