Award of Option Sample Clauses

Award of Option. The Corporation hereby grants to the Optionee, as of the Grant Date, the option (the “Option”) to purchase the number of Shares specified on the Grant Notice (the “Option Shares”). The Option is subject to the terms set forth herein, and the terms of the Plan, which terms and provisions are incorporated herein by reference. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan.
Award of Option. (a) Subject to the terms and conditions of this Agreement, the Plan and the Grant Details, the Company hereby grants the Option to the Eligible Individual. Reference is made to the “Grant Details” that can be found on the equity plan website of the current professional selected by the Company to administer the Plan (the “Plan Administrator”), currently located at www.netbenefits.fidelity.com (or any successor equity administration system selected by the Company to manage the Plan from time to time). The Grant Details, which set forth the number of Shares underlying the Option, the grant price which is the per Share exercise price of the Option, the Grant Date of the Option, and the vesting schedule of the Option (among other information), are hereby incorporated by reference into, and shall be read as part and parcel of, this Agreement.
Award of Option. This Agreement evidences the grant to the Optionee of an option (the “Option”) to purchase [___] ([___]) Shares (the “Option Shares”). The Option is subject to the terms set forth herein, and in all respects is subject to the terms and provisions of the Plan applicable to Non-Qualified Stock Options, which terms and provisions are incorporated herein by this reference. Except as otherwise specified herein or unless the context herein requires otherwise, the terms defined in the Plan will have the same meanings herein.
Award of Option. Effective upon the date hereof, and subject to the terms and conditions set forth herein and in the Plan, RBMG has awarded to the Optionee the option to purchase from RBMG, at an Option Price per share as shown above, up to but not exceeding in the aggregate the shares of Common Stock shown above as the Shares Granted. RBMG intends the Option Price to be at least 100% of the Fair Market Value of the shares of Common Stock subject to the Option as of the Agreement Date. In the case of an Option granted to a 10% Stockholder, the Option Price of each share of Common Stock covered by the Option is at least 110% of the Fair Market Value per share of Common Stock on the Agreement Date. It is intended that this Option qualify to the extent possible as an ISO. RBMG shall have no liability if this Option shall not qualify as an ISO, but this Option shall continue in full force and effect as an NQSO notwithstanding such failure to so qualify.
Award of Option. The Corporation hereby awards to the Optionee an option (the “Option”) to purchase from the Corporation such number of shares of the Corporation’s common stock (the “Shares”) at the exercise price set forth in this Option Agreement (the “Exercise Price”) below. This option shall vest equally over a three-year period. If the foregoing results in a fractional number of Shares subject to the Option vesting on any vesting date, the number of Shares subject to the Option vesting on the first and second vesting dates shall be rounded down to the previous whole number of Shares and the Shares subject to the Option vesting on the third vesting date shall be rounded up to the next whole number of Shares, as shall be necessary in order to result in a vesting of 100% of the Shares subject to the Option.The Compensation Committee of the Corporation may, in its sole discretion, convert this Option at any time to a stock settled stock appreciation grant. Number of Shares Subject to Option: 113,334 Exercise Price per Share: $52.235 Expiration Date: February 15, 2013 Vesting Schedule: Number of Shares Subject to Option Vesting Dates % of Grant Incremental Cumulative February 15, 2007 33.33 % 37,778 37,778 February 15, 2008 33.33 % 37,778 75,556 February 15, 2009 33.34 % 37,778 113,334 This option shall expire, and no shares may be purchased pursuant to this Option, after the expiration date set forth above (the “Expiration Date”). Non-Qualified Stock Option Agreement February 15, 2006 Page 2.
Award of Option. Subject to the terms and conditions set forth in this Agreement and the Plan, the Corporation hereby grants to Optionee options to purchase from the Corporation up to Fourteen Thousand (14,000) shares of the Corporation's Common Stock upon payment to the Corporation of an exercise price equal to Fifty-Five cents ($0.55) per share (with each such right to purchase a share of Common Stock hereunder being referred to as an "Option"). Each Option granted hereunder shall if otherwise vested or exercisable entitle the Optionee to purchase one (1) share of Common Stock. Each Option being granted hereunder is intended to qualify as an "incentive stock option" within the meaning of Section 422(b) of the Internal Revenue Code of 1986, as amended, and under the regulations promulgated thereunder or under any legislation which is passed as a successor thereto (collectively the "Code"). If any Option or shares of the Corporation's Common Stock acquired upon exercise of any Option are held for the holding periods specified for Incentive Stock Options under the Code and the Plan, they will be given favorable tax treatment. The Optionee should consult with his or her tax advisor concerning the tax aspects of this Option award, its exercise and the subsequent sale of the shares acquired.
Award of Option. On the date specified on Exhibit A attached hereto (the "Date of Grant") but subject to the execution of this Agreement, the Company granted to the Participant an Award in the form of a Non-Qualified Stock Option (the "Option") to purchase from the Company the number of shares of Common Stock (the "Shares") set forth on said Exhibit A for the price per Share (the "Option Price") set forth on said Exhibit A.
Award of Option. Pursuant to the provisions of the Penn Millers Stock Incentive Plan (the “Plan”) the Corporation hereby awards to the Optionholder, subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the right and option to purchase from the Corporation all or any part of an aggregate of ______ shares of common stock (par value $0.01 per share) of the Corporation (“Common Stock”) at the exercise price of $ per share; such option to be exercised as hereinafter provided.
Award of Option. The Corporation hereby awards to the Grantee as of December 9, 2004 (the "Grant Date"), as a matter of separate inducement and agreement, and not in lieu of salary or any other compensation for services, options to purchase an aggregate of Four Hundred Six Thousand, Three Hundred Sixty Eight (406,368) shares of the Corporation's Common Stock, par value $.01 per share (the "Common Stock"), pursuant to the non-qualified stock option provisions contained in Article III of the Plan, on the terms and conditions hereinafter set forth, at the purchase price of $5.00 per share (such shares, number of shares and purchase price being subject to adjustment as provided in Section 4.2 of the Plan).