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

Grant of Option; Option Price. Company hereby grants to Optionee, as a matter of separate inducement and agreement, and not in lieu of any salary or other compensation for Optionee’s services, the right and option to purchase (the “Option”) all or any part of an aggregate of ( ) shares of Common Stock (“Option Shares”), on the terms and conditions set forth herein, subject to adjustment as provided in Section 7, at a purchase price of [the closing price on ($ )] per share (“Option Price”). The Option Price is considered by the Company and Optionee to be not less than the fair market value of the Common Stock on the Effective Date, which is the date on which the Option was granted to Optionee (“Option Date”).

Grant of Option; Option Price. The Company hereby grants to Optionee, as a matter of separate inducement and agreement, and not in lieu of any salary or other compensation for Optionee’s services, the right and option to purchase (the “Option”) all or any part of an aggregate of ( ) ___________ shares of Common Stock (the “Option Shares”), on the terms and conditions set forth herein, subject to adjustment as provided in Section 77 of this Agreement, at a purchase price of [the closing price on ($ )] $_______ per share (the “Option Price”). The Option Price is considered by the Company and Optionee consider the Option Price to be not less than the fair market value of the Common Stock on the Effective Date, which is the date on which the Option was granted to Optionee (the “Option Date”). This option is not intended to be an incentive stock option under Section 422 of the Code.

Grant of Option; Option Price. Company hereby grants to Optionee, as a matter of separate inducement and agreement, and not in lieu of any salary or other compensation for Optionee’s services, the right and option to purchase (the “Option”) all or any part of an aggregate of ( ) shares of the Company’s Common Stock (the “Option Shares”), on the terms and conditions set forth herein, subject to adjustment as provided in Section 7, at a purchase price of [the closing price on ($ )] ) per share (the “Option Price”). The Option Price is considered by the Company and Optionee to be not less than the fair market value of the Common Stock on the Effective Date, which is the date on which the Option was granted to Optionee (the “Option Date”).

Grant of Option; Option Price. Company hereby grants to Optionee, as a matter of separate inducement and agreement, and not in lieu of any salary or other compensation for Optionee’s services, the right and option to purchase (the “Option”) all or any part of an aggregate of ( ) shares of the Company’s Common Stock (the “Option Shares”), on the terms and conditions set forth herein, subject to adjustment as provided in Section 7, at a purchase price of [the closing price on ($ )] ) per share (the “Option Price”). The Option Price is considered by the Company and Optionee consider the Option Price to be not less than the fair market value of the Common Stock on the Effective Date, which is the date on which the Option was granted to Optionee (the “Option Date”). This option is not intended to be an incentive stock option under Section 422 of the Code.

Grant of Option; Option Price. Company hereby grants to Optionee, as a matter of separate inducement and agreement, and not in lieu of any salary or other compensation for Optionee’s services, the right and option to purchase (the “Option”) all or any part of an aggregate of ( ___________ (________) shares of the Company’s Common Stock (the “Option Shares”), on the terms and conditions set forth herein, subject to adjustment as provided in Section 7, at a purchase price of [the closing price on ___________ ($ )] $_______) per share (the “Option Price”). The Option Price is considered by the Company and Optionee consider the Option Price to be not less than the fair market value of the Common Stock on the Effective Date, which is the date on which the Option was granted to Optionee (the “Option Date”). This option is not intended to be an incentive stock option under Section 422 of the Code.