Note E. Stock Options The Company's stock option plan was adopted in September 1989 (as amended) and expires in September 1999 subject to earlier termination by the Board of Directors. The Company may grant non-qualified and incentive stock options to officers, directors and employees for the purchase of 2,250 shares of common stock under the plan. The exercise price of each option granted may not be less than the fair market value of the common stock on the grant date and the maximum term of an option is ten years. Options outstanding at July 31, 1998 were granted with a six year term and vest (become exercisable) in four equal cumulative annual installments commencing with the second anniversary of the grant date, except for 113 options that were granted to certain executive officers in 1996 with an eight year term and vest in eight varying annual cumulative installments. At July 31, 1998, 957 shares of common stock were available for future grants of options. Stock option activity and related information follows: Weighted Number of Average Options Exercise Price ================================================================================ Outstanding at August 1, 1995 355 $ 5.92 Granted 258 9.05 Exercised (50) 3.35 Canceled (48) 6.64 ----------------------------------------------------------- Outstanding at July 31, 1996 515 7.68 Granted 132 11.17 Exercised (10) 6.39 Canceled (45) 8.10 ----------------------------------------------------------- Outstanding at July 31, 1997 592 8.45 Granted 220 22.14 Exercised (79) 6.58 Canceled (7) 8.97 ----------------------------------------------------------- Outstanding at July 31, 1998 726 12.80 =========================================================== Exercisable at July 31: 1998 162 $ 7.27 1997 149 6.68 1996 97 6.78 ================================================================================ The Company adopted the disclosure-only provisions of SFAS 123, "Accounting for Stock-Based Compensation," and continues to apply Accounting Principles Board Opinion ("APB") No. 25, "Accounting for Stock Issued to Employees," and related Interpretations in accounting for its stock options. Under APB 25, compensation expense is not recorded when the exercise price of stock options is at least equal to the market price of the stock on the grant date. ================================================================================ The exercise prices of options outstanding at July 31, 1998 ranged from $6.22 to $23.06. Additiona...
Note E. Pacer Equipment Days for use on this Schedule will be those reported in the monthly xxxxxxxx by Transamerica to Pacer for the corresponding period.
Note E. Per the definition of Net Working Capital, short term pension liabilities and receivables are excluded from the working capital calculation because they are included in Indebtedness.
Examples of Note E in a sentence
Note E - Medicaid Managed Care payments should include all Medicaid Managed Care payments related to the services provided, including, but not limited to, incentive payments, bonus payments, capitation and sub-capitation payments.
Except for its investment contracts (Note E), the Plan's investments are held by bank-administered trust funds.
See Note (E) to Drug Quantity Table (“regardless of sex”); see also United States v.
Note E shall also apply when the substance is classified as a carcinogen.
If the registrant meets the requirements of Form S–3(see Note E to this Schedule), it may incorporate by ref- erence to previously-filed documents any of the information required by paragraph (a) of this Item, provided that the requirements of paragraph (c) are met.
More Definitions of Note E
Note E means that certain Replacement Mezzanine A Promissory Note (Note E) of even date herewith in the maximum principal amount of Twenty Million And 00/100 Dollars ($20,000,000.00) made by Borrower in favor of Lender, as the same may be amended, restated, replaced, extended, renewed, supplemented, severed, split, or otherwise modified from time to time.
Note E. Pro Forma Consolidated Statements of Operations (Unaudited) The Pro Forma Consolidated Statements of Operations have been prepared on the basis of the following assumptions:
Note E. Supplies/services under all CLINs are subject to Section H Special Contract Requirement entitled: “FAIR OPPORTUNITY PROCESS (ORDERING PROCEDURES)”
Note E has the meaning specified in Section 2.1.
Note E means that certain Deferred Purchase Price Note (Note E) dated as of the date hereof and executed by the Borrower in the original principal amount of $120,000,000 and any replacements or substitutions therefor, each as amended, supplemented or modified from time to time.
Note E. The [**] Software Maintenance is [**] . The above price includes the purchase of Software Maintenance for an [**] , commencing on the date of purchase, and [**] . Fees for Software Maintenance [**] are non-refundable. Thereafter, Software Maintenance may be renewed [**] , at EMC's discretion, for [**] . The above price also [**] for [**] . [**] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
Note E. Promissory note dated as of the date hereof and made by the Borrower to Norwest in the principal amount of $6,555,000, or any promissory note given in extension or substitution thereof.