Common use of Award of Option Clause in Contracts

Award of Option. In order to encourage Gxxxxxx's contribution to the successful performance of the Company, Gxxxxxx's agreement not to disclose confidential and proprietary information relating to EDS and/or its clients, and in consideration of the performance of future services of Grantee to the Company, EDS hereby awards to Grantee as of the Date of Grant, pursuant to the terms of the Plan and this Agreement, an option (the "Option") to purchase from EDS, at $00.00 per share (the "Option Price"), that number of shares of EDS Common Stock set forth on the cover page of this Agreement (the "Option Shares"), subject to the conditions, restrictions and limitations set forth below and in the Plan. The Option Price and Option Shares are subject to adjustment pursuant to Paragraph 9 below. The Grantee hereby acknowledges and accepts such grant and agrees to accept the Option and if exercised, acquire shares of EDS Common Stock covered thereby, upon such terms and subject to such conditions, restrictions and limitations contained in this Agreement and the Plan.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Electronic Data Systems Corp /De/), Nonqualified Stock Option Agreement (Electronic Data Systems Corp /De/)

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Award of Option. In order to encourage Gxxxxxx's contribution to the successful performance of the Company, Gxxxxxx's agreement not to disclose confidential and proprietary information relating to EDS and/or its clients, and in consideration of the performance of future services of Grantee to the Company, EDS hereby awards to Grantee as of the Date of Grant, pursuant to the terms of the Plan and this Agreement, an option (the "Option") to purchase from EDS, at $00.00 18.295 per share (the "Option Price"), that number of shares of EDS Common Stock set forth on the cover page of this Agreement (the "Option Shares"), subject to the conditions, restrictions and limitations set forth below and in the Plan. The Option Price and Option Shares are subject to adjustment pursuant to Paragraph 9 below. The Grantee hereby acknowledges and accepts such grant and agrees to accept the Option and if exercised, acquire shares of EDS Common Stock covered thereby, upon such terms and subject to such conditions, restrictions and limitations contained in this Agreement and the Plan.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Electronic Data Systems Corp /De/)

Award of Option. In order to encourage Gxxxxxx's Grxxxxx'x contribution to the successful performance of the Company, Gxxxxxx's Grxxxxx'x agreement not to disclose confidential and proprietary information relating to EDS and/or its clients, and in consideration of the performance of future services of Grantee to the Company, EDS hereby awards to Grantee as of the Date of Grant, pursuant to the terms of the Plan and this Agreement, an option (the "Option") to purchase from EDS, at $00.00 18.295 per share (the "Option Price"), that number of shares of EDS Common Stock set forth on the cover page of this Agreement (the "Option Shares"), subject to the conditions, restrictions and limitations set forth below and in the Plan. The Option Price and Option Shares are subject to adjustment pursuant to Paragraph 9 below. The Grantee hereby acknowledges and accepts such grant and agrees to accept the Option and if exercised, acquire shares of EDS Common Stock covered thereby, upon such terms and subject to such conditions, restrictions and limitations contained in this Agreement and the Plan.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Electronic Data Systems Corp /De/)

Award of Option. In order to encourage Gxxxxxx's contribution to the successful performance of the Company, Gxxxxxx's agreement not to disclose confidential and proprietary information relating to EDS and/or its clients, and in consideration of the performance of future services of Grantee to the Company, EDS hereby awards to Grantee as of the Date of Grant, pursuant to the terms of the Plan and this Agreement, an option (the "Option") to purchase from EDS, at $00.00 20.665 per share (the "Option Price"), that number of shares of EDS Common Stock set forth on the cover page of this Agreement (the "Option Shares"), subject to the conditions, restrictions and limitations set forth below and in the Plan. The Option Price and Option Shares are subject to adjustment pursuant to Paragraph 9 below. The Grantee hereby acknowledges and accepts such grant and agrees to accept the Option and if exercised, acquire shares of EDS Common Stock covered thereby, upon such terms and subject to such conditions, restrictions and limitations contained in this Agreement and the Plan.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Electronic Data Systems Corp /De/)

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Award of Option. In order to encourage GxxxxxxGrantee's contribution to the successful performance of the Company, GxxxxxxGrantee's agreement not to disclose confidential and proprietary information relating to EDS and/or its clients, and in consideration of the performance of future services of Grantee to the Company, EDS hereby awards to Grantee as of the Date of Grant, pursuant to the terms of the Plan and this Agreement, an option (the "Option") to purchase from EDS, at $00.00 19.905 per share (the "Option Price"), that number of shares of EDS Common Stock set forth on the cover page of this Agreement (the "Option Shares"), subject to the conditions, restrictions and limitations set forth below and in the Plan. The Option Price and Option Shares are subject to adjustment pursuant to Paragraph 9 below. The Grantee hereby acknowledges and accepts such grant and agrees to accept the Option and if exercised, acquire shares of EDS Common Stock covered thereby, upon such terms and subject to such conditions, restrictions and limitations contained in this Agreement and the Plan.

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (Electronic Data Systems Corp /De/)

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