Customized Option Clause Samples

Customized Option. This option allows each institution to define operator and terminal security levels according to their specific needs within the system specifications. a. Operator Set up Fee Includes set up of operator security files, definition of operator and terminal tables (where applicable) and activation of operator security service. - Option A $1,000 - Option B Programming time at current per hour charge (minimum $3,000) b. Monthly File Residency Fee - Option A $50/month - Option B $100/month c. Modification Fee - Option A (deletion of service only) $475 - Option B Programming time at current per hour charge (minimum $950)

Customized Option. [S]. Pursuant to the terms of Plan, the Participating Company will grant the Participant the following Customized Option[s]: (specify Grant Date(s), Grant Date Spread, Indexed Strike Price, Minimum Strike Price, Earliest Exercise Date, Option Expiration Time, and Vesting]