Exercise Price and Term. Each Warrant shall entitle the Holder thereof to purchase from the Company one Warrant Share at a purchase price per share of $____ (the "Exercise Price"), as such purchase price and number of Warrant Shares may be adjusted from time to time pursuant to the provisions of Section 8 hereof, payable in full at the time of exercise of such Warrant. The Warrants may be exercised, in whole or in part, at any time or from time to time during the four-year period commencing on the first anniversary of the Effective Date and ending at 5:00 p.m., New York City time, on the fifth anniversary of the Effective Date (the "Expiration Date"). After the Expiration Date, any unexercised Warrants shall be void and all rights of the Holders with respect thereto shall cease.
Exercise Price and Term. The Warrants shall entitle the Holders ------------------------- thereof to purchase from the Partnership the Interests at an aggregate purchase price of $100 (the "Exercise Price"), payable in full at the time of exercise of the Warrants. In the event that the Holders exercise less than all of the Warrants, then the Exercise Price will reduced proportionately. The Warrants may be exercised, in whole or in part, at any time or from time to time after the Effective Date and ending at 5:00 p.m., New York City time on December 31, 2010 (the "Expiration Date"). After the Expiration Date, any unexercised Warrants shall be void and all rights of any Holder with respect thereto shall cease.
Exercise Price and Term. The exercise price per for your Award will be $ per Share and the no portion of the Option Award may be exercised later than the date that is ten (10) years after the Effective Date, subject to earlier termination of the Option, as provided in the Plan
Exercise Price and Term. The exercise price of an incentive stock option shall not be less than 100% of the Fair Market Value of the shares on the date the stock option is granted and the term of an incentive stock option may not be greater than 10 years. Also, the exercise price of any incentive stock option granted to a grantee who owns (within the meaning of Section 422(b)(6) of the Code, after the application of the attribution rules in Section 424(d) of the Code) more than 10% of the total combined voting power of all classes of shares of the Corporation or its Parent or Subsidiary corporations (within the meaning of Sections 422 and 424 of the Code) shall be not less than 110% of the Fair Market Value of the Common Stock on the grant date and the term of such stock option shall not exceed five years.
Exercise Price and Term. The exercise price of an Incentive Stock Option shall not be less than one hundred percent (100%) of the Fair Market Value of the Stock on the date the stock option is granted and the term of the stock option shall not exceed ten
Exercise Price and Term. Each Warrant shall entitle the Holder thereof to purchase from the Company one Warrant Share at 25.00 per share (the "Exercise Price"), as such purchase price and number of Warrant Shares may be adjusted from time to time pursuant to the provisions of Section 8 hereof, payable in full at the time of exercise of such Warrant. The Warrants issued pursuant to Section 1 hereof may be exercised, in whole or in part, at any time or from time to time commencing on the Warrants Issue Date and ending at 5:00 p.m., New York City time on the sixth anniversary of the date of this Warrant Agreement (the "Expiration Date"). After the Expiration Date, any unexercised Warrants shall be void and all rights of the Holder(s) with respect thereto shall cease.
Exercise Price and Term. The exercise price of an Incentive Share Option shall not be less than one hundred percent (100%) of the Fair Market Value of the Shares on the date the Share Option is granted and the term of the Share Option shall not exceed ten years. Also, the exercise price of any Incentive Share Option granted to a grantee who owns (within the meaning of Code Section 422(b)(6), after the application of the attribution rules in Code Section 424(d)) more than ten percent (10%) of the total combined voting power of all classes of shares of the Company or any Subsidiary of the Company shall be not less than one hundred ten percent (110%) of the Fair Market Value of the Shares on the grant date and the term of such Share Option shall not exceed five years.
Exercise Price and Term. All options issued pursuant to the non-executive board compensation policy will have an exercise price equal to the fair market value of the Company’s common stock at close of market on the grant date. The term of the options shall be for a period of 5 years from the grant date. The options will be issued pursuant to our equity compensation plan(s). Cash Compensation. Our eligible directors will also receive cash compensation equal to: (i) an annual cash retainer of $25,000, and (ii) a per committee cash award of $3,334. Cash compensation to directors is paid quarterly on each member’s three-month anniversary of joining the Board or respective committees thereof.
Exercise Price and Term. The exercise price per share for the Options shall be equal to the fair market value per share on the date the Options are granted. The Options will be exercisable for a period of one year following the Termination of Services (as defined in the Plan).
Exercise Price and Term. No. of Shares Price Exercise Date ---------------------------------------------------------------- 750,000 shares $.75 per share Dec. 15, 2001 750,000 shares $1.00 per share June 15, 2002 750,000 shares $2.00 per share Dec. 15, 2002 All options terminate three years from the date they are first exercisable (hereinafter referred to as the "Expiration Date").
