Common use of Annual Option Grants Clause in Contracts

Annual Option Grants. On the first business day of January of each year, the Committee shall grant Employee options according to the following schedule: 2005 - 40,000 options, 2006 - 32,000 options (each an "Option"). With respect to each Option, three percent (3%) of the total number of shares subject to such Option shall become vested and fully exercisable each month following the date of the grant of such Option. All shares subject to each Option will vest and become vested and exercisable if Employee's employment terminates pursuant to Section 9(d) below. Each Option shall have a per share exercise price equal to the fair market value (as defined in the LTIP) of a share of Alamosa common stock on the date of grant.

Annual Option Grants. On the first business day of January of each year, the Committee shall grant Employee options according to the following schedule: 2005 - 40,000 30,000 options, 2006 - 32,000 24,000 options (each an "Option"). With respect to each Option, three percent (3%) of the total number of shares subject to such Option shall become vested and fully exercisable each month following the date of the grant of such Option. All shares subject to each Option will vest and become vested and exercisable if Employee's employment terminates pursuant to Section 9(d) below. Each Option shall have a per share exercise price equal to the fair market value (as defined in the LTIP) of a share of Alamosa common stock on the date of grant.

Annual Option Grants. On the first business day of January of each year, the Committee shall grant Employee options options, according to the following schedule: 2005 - 40,000 options, 2006 - 32,000 15,000 options (each an "Option"). With respect to each Option, three percent (3%) of the total number of shares subject to such Option shall become vested and fully exercisable each month following the date of the grant of such Option. All shares subject to each Option will vest and shall become vested and exercisable exercisable, if Employee's employment terminates terminates, pursuant to Section 9(d) below. Each Option shall have a per share exercise price equal to the then fair market value (as defined in the LTIP) of a share of Alamosa common stock on the date of grant.

Annual Option Grants. On the first business day of January of each year, the Committee shall grant Employee options options, according to the following schedule: 2005 - 40,000 50,000 options, 2006 - 32,000 40,000 options (each an "Option"). With respect to each Option, three percent (3%) of the total number of shares subject to such Option shall become vested and fully exercisable each month following the date of the grant of such Option. All shares subject to each Option will vest and become vested and exercisable if Employee's employment terminates pursuant to Section 9(d) below. Each Option shall have a per share exercise price equal to the fair market value (as defined in the LTIP) of a share of Alamosa common stock on the date of grant.

Annual Option Grants. On the first business day of January of each year, the Committee shall grant Employee options according to the following schedule: 2005 - 40,000 25,000 options, 2006 - 32,000 20,000 options (each an "Option"). With respect to each Option, three percent (3%) of the total number of shares subject to such Option shall become vested and fully exercisable each month following the date of the grant of such Option. All shares subject to each Option will vest and become vested and exercisable if Employee's employment terminates pursuant to Section 9(d) below. Each Option shall have a per share exercise price equal to the fair market value (as defined in the LTIP) of a share of Alamosa common stock on the date of grant.