Xxxxx xx Option. 1 Section 1.1.
Xxxxx xx Option. The Plan Administrator of the Company hereby grants to the Optionee named in the Notice of Grant attached as Part I of this Agreement (the "Optionee") an option (the "Option") to purchase the number of Shares, as set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant (the "Exercise Price"), subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 14(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonstatutory Stock Option ("NSO").
Xxxxx xx Option. The Company hereby grants to the Optionee an option (the "Option") to purchase 750,000 shares of the Common Stock of the Company, upon the terms and conditions set forth below. The date of grant of the Option is JULY 25, 1997 (the "Grant Date"). This Option is intended to be a non-qualified option, the exercise of which generally results in an immediate taxable event under the Internal Revenue Code.
Xxxxx xx Option. The Company hereby grants to Optionee the right, privilege and option to purchase _______ shares of Common Stock (the "Option") at an exercise price equal to the initial public offering price of the Common Stock (the "Exercise Price"). The grant of the Option is subject to the issuance and sale of Common Stock registered with the Securities and Exchange Commission on Form S-1 (Reg. No. 333-31609) in connection with the Company's initial public offering of the Common Stock and such grant shall be effective as of the Closing Time referred to in that certain Transition Agreement dated ________, 1997 to which the Company is a party. The date on which the Closing Time occurs shall hereinafter be referred to as the "Date of Grant." The Option shall be exercisable at the time specified in Section II below. The Option is a non- qualified stock option and shall not be treated as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Xxxxx xx Option. The Company hereby grants to Optionee effective as of the date hereof (the "Date of Grant"), the right, privilege and option to purchase 600,000 shares of Common Stock (the "Option") at an exercise price of $4.25 per share (the "Exercise Price"). The Option is a non-qualified stock option and shall not be treated as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Xxxxx xx Option. SEI hereby grants to Optionee effective January 1, 1997 (the "Date of Grant") the right, privilege and option to purchase 33,340 shares of Common Stock (the "Option") at an exercise price of $34.00 per share (the "Exercise Price"). The Option shall be exercisable at the time specified in Section II below. The Option is a non-qualified stock option and shall not be treated as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Xxxxx xx Option. Pursuant to the NexMed, Inc. Recognition and Retention Stock Incentive Plan (the "Plan"), the Company hereby grants to Grantee, as of the Grant Date, a non-qualified stock option (the "Option"), to purchase an aggregate of 40,000 shares (the "Option Shares") of Common Stock of the Company (the "Common Stock") at a price of $1.40 per share subject to adjustment and the other terms and conditions set forth herein and in the Plan.
Xxxxx xx Option. Tenant shall have the right, at its option, to extend the Lease for one (1) period of two (2) years ("Extended Term") commencing at the expiration of the initial Term, provided that at the time of exercise of the option and at the time of commencement of such Extended Term, Tenant is not in default under this Lease.
Xxxxx xx Option. Lessee is hereby granted an option (sometimes called the "Renewal Option") to extend the Term of the Lease upon all of the provisions contained in the Lease, except for Base Rental, for a period of five (5) years (the "Option Term"). Such option shall be exercised, if at all, by Lessee delivering written notice to Landlord of such exercise of such option ("Option Notice") at least one hundred and eighty (180) days before the expiration of the initial term. Reference to the "Term" of the Lease as used in the Lease shall include the Option Term in the event the Renewal Option is exercised in accordance herewith. Lessee shall have no other right to extend the term except as set forth in this section.
Xxxxx xx Option. Subject to the terms and conditions set forth in this Agreement, PNB irrevocably grants an option ("Option") to InterWest to purchase an aggregate of 107,855 authorized but unissued shares of PNB's capital stock ("Common Stock") (which if issued, and assuming exercise of outstanding options to acquire the Common Stock, would represent approximately 19.9% of total stock issued and outstanding), at a per share price of $85 ("Option Price").
