Common use of Grant of Option and Exercise Price Clause in Contracts

Grant of Option and Exercise Price. Subject to the terms and conditions stated in the Plan and this Agreement as of , 200 (the “Date of Grant”), the Committee has granted to Participant an option (the “Option”) to purchase shares of the Company’s common stock (the “Shares”) at an exercise price per Share equal to $ (the “Exercise Price”). The Option is also expressly subject to and conditioned upon Participant’s compliance with the accompanying letter agreement.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Integra Bank Corp)

Grant of Option and Exercise Price. Subject to the terms and conditions stated in the Plan and this Agreement as of Agreement, 200 on «grant_date» (the “Date of Grant”), the Committee has granted to Participant an option (the “Option”) to purchase «shares» shares of the Company’s common stock 's Common Stock (the “Shares”) at an exercise price per of $«price»per Share equal to $ (the “Exercise Price”). The Option is also expressly subject to and conditioned upon Participant’s compliance with the accompanying letter agreement.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Hurco Companies Inc)

Grant of Option and Exercise Price. Subject to the terms and conditions stated in the Plan and this Agreement as of Agreement, 200 on , (the “Date of Grant”), the Committee has granted to Participant an option (the “Option”) to purchase shares of the Company’s common stock Common Stock (the “Shares”) at an exercise price of $ per Share equal to $ (the “Exercise Price”). The Option is also expressly subject to and conditioned upon Participant’s compliance with the accompanying letter agreement.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Northwest Indiana Bancorp)

Grant of Option and Exercise Price. Subject to the terms and conditions stated in the Plan and this Agreement as of on September 7, 200 1999 (the "Date of Grant"), the Committee has granted to Participant an option (the "Option") to purchase 75,000 shares of the Company’s 's common stock (the "Shares") at an exercise price per Share equal to $ $27.125 (the "Exercise Price"). The Option is also expressly subject to and conditioned upon Participant’s compliance with the accompanying letter agreement.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (National City Bancshares Inc)