Common use of Xxxxx xx Xxxxxx Clause in Contracts

Xxxxx xx Xxxxxx. XXX xxreby grants to Optionee effective December 5, 1995 (the "Date of Grant"), but subject to the approval by the shareholders of SEI of the Plan, as amended, the right, privilege and option to purchase 2,025 shares of Common Stock (the "Option") at an exercise price of $33.25 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 Xxxxxx. XXX xxreby grants to Optionee effective December 5, 1995 (the "Date of Grant"), but subject to the approval by the shareholders of SEI of the Plan, as amended, the right, privilege and option to purchase 2,025 5,400 shares of Common Stock (the "Option") at an exercise price of $33.25 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 Xxxxxx. XXX xxreby grants to Optionee effective December 5, 1995 (the "Date of Grant"), but subject to the approval by the shareholders of SEI of the Plan, as amended, the right, privilege and option to purchase 2,025 27,000 shares of Common Stock (the "Option") at an exercise price of $33.25 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 Xxxxxx. XXX xxreby grants to Optionee effective December 5, 1995 (the "Date of Grant"), but subject to the approval by the shareholders of SEI of the Plan, as amended, the right, privilege and option to purchase 2,025 12,150 shares of Common Stock (the "Option") at an exercise price of $33.25 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").