Common use of Amendment of Option Agreements Clause in Contracts

Amendment of Option Agreements. 3.1 This Amendment amends each Incentive Stock Option Agreement (the "Option Agreement or Agreements") listed below covering the grant to Employee of stock options for the purchase of the number of shares of common stock of the Company and at the exercise price per share specified below (as granted and in effect prior to the Company's recent one for 66.38 reverse stock split): Hamixxxx -3- 4 ----------------------------------------------------------------------------------------------------- Date of Grant Under Incentive Number of Shares Underlying Exercise Price Per Share Stock Option Agreement Option Grant (pre-split) (pre-split) ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- See Attached Schedule ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- The options ("Options") granted to Employee under the Option Agreements were granted under the Company's stock option plan as amended, now the 1999 Equity Incentive Plan (the "Plan"). Each of the Options shall vest and become exercisable as specified in Section 3 of each Option Agreement, as hereby amended. Employee and the Company each acknowledge that the number of shares underlying the Options and the applicable exercise price per share are pre-split numbers and the actual numbers have been adjusted to reflect the Company's recent one for 66.38 reverse stock split.

Appears in 1 contract

Samples: Incentive Stock Option (Airnet Communications Corp)

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Amendment of Option Agreements. 3.1 This Amendment amends each Incentive Stock Option Agreement (the "Option Agreement or Agreements") listed below covering the grant to Employee of stock options for the purchase of the number of shares of common stock of the Company and at the exercise price per share specified below (as granted and in effect prior to the Company's recent one for 66.38 reverse stock split): Hamixxxx Demaxxx -3- 4 ----------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Date of Grant Under Incentive Number of Shares Underlying Exercise Price Per Share Stock Option Agreement Option Grant (pre-split) (pre-split) ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- See Attached Schedule ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- 3-8-99 5,147,422.819 $0.036 --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------- The options ("Options") granted to Employee under the Option Agreements were granted under the Company's stock option plan as amended, now the 1999 Equity Incentive Plan (the "Plan"). Each of the Options shall vest and become exercisable as specified in Section 3 of each Option Agreement, as hereby amended. Employee and the Company each acknowledge that the number of shares underlying the Options and the applicable exercise price per share are pre-split numbers and the actual numbers have been adjusted to reflect the Company's recent one for 66.38 reverse stock split.

Appears in 1 contract

Samples: Incentive Stock Option (Airnet Communications Corp)

Amendment of Option Agreements. 3.1 This Amendment amends each Incentive Stock Option Agreement (the "Option Agreement or Agreements") listed below covering the grant to Employee of stock options for the purchase of the number of shares of common stock of the Company and at the exercise price per share specified below (as granted and in effect prior to the Company's recent one for 66.38 reverse stock split): Hamixxxx Ehlex -3- 4 ----------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- Date of Grant Under Incentive Number of Shares Underlying Exercise Price Per Share Stock Option Agreement Option Grant (pre-split) (pre-split) ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- See Attached Schedule ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- February 4, 2000 60,000 $36.4375 -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- The options ("Options") granted to Employee under the Option Agreements were granted under the Company's stock option plan as amended, now the 1999 Equity Incentive Plan (the "Plan"). Each of the Options shall vest and become exercisable as specified in Section 3 of each Option Agreement, as hereby amended. Employee and the Company each acknowledge that the number of shares underlying the Options and the applicable exercise price per share are pre-split numbers and the actual numbers have been adjusted to reflect the Company's recent one for 66.38 reverse stock split.

Appears in 1 contract

Samples: Incentive Stock Option (Airnet Communications Corp)

Amendment of Option Agreements. 3.1 This Amendment amends each Incentive Stock Option Agreement (the "Option Agreement or Agreements") listed below covering the grant to Employee of stock options for the purchase of the number of shares of common stock of the Company and at the exercise price per share specified below (as granted and in effect prior to the Company's recent one for 66.38 reverse stock split): Hamixxxx Ehlex -3- 4 ----------------------------------------------------------------------------------------------------- Date of Grant Under Incentive Number of Shares Underlying Exercise Price Per Share Stock Option Agreement Option Grant (pre-split) (pre-split) ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- See Attached Schedule SEE SCHEDULE A ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- The options ("Options") granted to Employee under the Option Agreements were granted under the Company's stock option plan as amended, now the 1999 Equity Incentive Plan (the "Plan"). Each of the Options shall vest and become exercisable as specified in Section 3 of each Option Agreement, as hereby amended. Employee and the Company each acknowledge that the number of shares underlying the Options and the applicable exercise price per share are pre-split numbers and the actual numbers have been adjusted to reflect the Company's recent one for 66.38 reverse stock split.

Appears in 1 contract

Samples: Incentive Stock Option (Airnet Communications Corp)

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Amendment of Option Agreements. 3.1 This Amendment amends each Incentive Stock Option Agreement (the "Option Agreement or Agreements") listed below covering the grant to Employee of stock options for the purchase of the number of shares of common stock of the Company and at the exercise price per share specified below (as granted and in effect prior to the Company's recent one for 66.38 reverse stock split): Hamixxxx Lee -3- 4 ----------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- Date of Grant Under Incentive Number of Shares Underlying Exercise Price Per Share Stock Option Agreement Option Grant (pre-split) (pre-split) ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- See Attached Schedule ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- 6-21-99 1,000,000 $0.036 -------------------------------------------------------------------------------------------------------- 9-2-99 500,000 $0.13 -------------------------------------------------------------------------------------------------------- 10-19-99 3,500,000 $0.16 -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- The options ("Options") granted to Employee under the Option Agreements were granted under the Company's stock option plan as amended, now the 1999 Equity Incentive Plan (the "Plan"). Each of the Options shall vest and become exercisable as specified in Section 3 of each Option Agreement, as hereby amended. Employee and the Company each acknowledge that the number of shares underlying the Options and the applicable exercise price per share are pre-split numbers and the actual numbers have been adjusted to reflect the Company's recent one for 66.38 reverse stock split.

Appears in 1 contract

Samples: Incentive Stock Option (Airnet Communications Corp)

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