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

Grant of Option; Exercise Price. The Company hereby grants to the Optionee, effective as of the date hereof and on the terms and conditions herein, an option (the "Option") to purchase shares (the "Option Shares") ----- of the Company's Class A Common Stock, par value $.01 per share (the "Common Stock"), at an exercise price per Option Share equal to $ , which was the ------- closing price per share of Common Stock on . The Option is not --------------- intended to be an incentive stock option under the Internal Revenue Code of 1986, as amended.

Grant of Option; Exercise Price. The Company hereby grants to the Optionee, effective as of the date hereof and on the terms and conditions herein, an option (the "Option") to purchase ____ shares (the "Option Shares") ----- of the Company's Class A Common Stock, par value $.01 per share (the "Common Stock"), at an exercise price per Option Share equal to $ _____, which was the ------- closing price per share of Common Stock on ________, ______. The Option is not --------------- intended to be an incentive stock option under the Internal Revenue Code of 1986, as amended.