Grant of Option Sample Clauses

Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action of the Board of Directors, or the Bancorp Stock Option Committee, if applicable, and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bank hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-Four thousand one hundred seventy six (4004,176) shares of the Bancorps Bank's common stock (hereinafter called "stock") at the price of fourty-seven Fourteen Dollars and zero fifty Cents ($47.0014.50) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors Directors, or the Stock Option Committee, if applicable, granting this option.
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Bank hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-Seven thousand five hundred (4007,500) shares of the Bancorps Bank's common stock (hereinafter called "stock") at the price of fourty-seven Sixteen Dollars and zero seventy-five Cents ($47.0016.75) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby grants to Optionee the option you an NQ to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, purchase all or any part of four-hundred (400) the number of shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) Common Stock of the fair market Company, par value $2.50 per share (Common Stock), as shown on Exhibit A of this Agreement, on the stock terms and conditions as of set forth herein and in the date of action of the Board of Directors granting this optionPlan.
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred Four Thousand (4004,000) shares of the Bancorps Companys common stock (hereinafter called stockCommon Stock) at the price of fourty-seven Fifteen Dollars and zero Seventy-Seven Cents ($47.0015.77) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock Common Stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject Subject to the terms and conditions set forth herein and in the Companys 1999 Equity Incentive Plan (the Plan), the Company hereby grants to the Participant, during the period commencing on the date of this Agreement and ending on April 10, 2010 (the Plan which is incorporated in full herein by this referenceExpiration Date), all or the right and option (the right to purchase any part one share of fourCommon Stock hereunder being an Option) to purchase from the Company 59,088 (fifty-hundred (400nine thousand eighty-eight) shares of the Bancorps common stock (hereinafter called stock) at the sharesof Common Stock. The Options shall have an exercise price of fourty-seven Dollars and zero Cents ($47.00) 0.0934 per share, which price is not less than one hundred percent (100%) represents the Fair Market Value per share of the fair market value of the stock Common Stock as of the date of action of the Board of Directors granting this optionhereof.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby grants to Optionee a Non-Qualified Stock Option (the option Option) to purchase, upon up to and including in the aggregate, that number of shares of voting common stock of the Company, with a par value of $.001 each (the Stock) equal to the Number of Option Shares at the Option Exercise Price, subject in all respects to the terms and conditions provisions of the Plan Plan, which has been adopted by the Company and which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action As of the Board of DirectorsGrant Date, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of this Agreement and the Plan which is incorporated in full herein by this referencePlan, all or any part of four-hundred the Company grants you a nonqualified stock option (400the Option) to purchase shares of the Bancorps Companys common stock stock, without par value (hereinafter called stock) Common Stock), at the a per share price of fourty-seven Dollars and zero Cents $ ($47.00) per sharethe Option Price), which price is not less than one hundred percent (100%) equal to the Fair Market Value of the fair market value of the stock such Common Stock as of the date of action of the Board of Directors granting this optionGrant Date.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby grants to Optionee an Incentive Stock Option (the option Option) to purchase, upon up to and including in the aggregate, that number of shares of voting common stock of the Company, with a par value of $.001 each (the Stock) equal to the Number of Option Shares at the Option Exercise Price, subject in all respects to the terms and conditions provisions of the Plan Plan, which has been adopted by the Company and which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action As of the Board Date of DirectorsOption Grant identified above, the Bancorp Company hereby grants to Optionee the option to purchaseOptionee, upon and subject to the terms conditions set forth in this Certificate and conditions in the Plan, the right, privilege, and option (the "Option") to purchase that number of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of Common Stock identified above opposite the Bancorps common stock heading Number of Shares to Which Option Relates (hereinafter called stock) the "Shares"), at the per share price of fourty-seven Dollars and zero Cents ($47.00the Exercise Price) per sharespecified above opposite the heading Option Price Per Share, which price Exercise Price is not less than one hundred percent (100%) the Fair Market Value per share of the fair market value Common Stock on the Date of the stock Option Grant. For purposes of this Option Certificate, Fair Market Value per share of Common Stock as of any date shall be as determined in the date of action of manner specified from time to time by the Board of Directors granting this optionof the Company (the Board) or the Com pensation Committee of the Board (Committee) in accordance with the Plan.
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of fourThirty-hundred Seven Thousand and Five Hundred (40037,500) shares of the Bancorps Companys common stock (hereinafter called stockCommon Stock) at the price of fourty-seven Fifteen Dollars and zero Seventy-Seven Cents ($47.0015.77) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock Common Stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Bank hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-Seven thousand five hundred (4007,500) shares of the Bancorps Bank's common stock (hereinafter called "stock") at the price of fourty-seven Sixteen Dollars and zero seventy-five Cents ($47.0016.75) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock (or not less than 110% of the fair market value of the stock for Optionee-shareholders who own more than ten percent (10%) of the total combined voting power of all classes of stock of the Bank) as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action the approval and direction of the Compensation Committee of the Company's Board of DirectorsDirectors (the "Committee"), the Bancorp Company hereby grants you an Option to Optionee purchase all or any part of the option to purchasenumber of Shares Granted set forth above of common stock of the Company, upon and par value US$.01 ("Stock"), at the per-share exercise price, which is 100% of the Fair Market Value of a share of Stock on the Grant Date (the "Exercise Price"), subject to the terms and conditions of the Plan which is incorporated in full herein by and this reference, all or any part Agreement. This stock option shall not be treated as an incentive stock option within the meaning of four-hundred (400) shares Section 422 of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this optionCode.
Grant of Option. Pursuant This Agreement evidences the Corporations grant to said action the Director, as of (the Option Date), of the Board of Directors, the Bancorp hereby grants to Optionee the right and option to purchase, upon and subject to under Section 8 of the Plan, on the terms and conditions of set forth herein and in the Plan which is incorporated in full herein by this referencePlan, all or any part of four-hundred (400) an aggregate of shares of the Bancorps common stock (hereinafter called stock) Common Stock, par value $0.01 per share, at the price of fourty-seven Dollars and zero Cents $ per share ($47.00) per sharethe Option), which price is not less than one hundred percent (100%) amount represents the Fair Market Value of the fair market value of the stock shares as of the date Option Date, exercisable from time to time, subject to the provisions of action this Agreement and the Plan, prior to the close of business on the day before the tenth anniversary of the Board of Directors granting this optionOption Date (the Expiration Date).
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred Seventeen Thousand and Five Hundred (40017,500) shares of the Bancorps Companys common stock (hereinafter called stockCommon Stock) at the price of fourty-seven Fifteen Dollars and zero Seventy-Seven Cents ($47.0015.77) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock Common Stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant This Agreement evidences the Companys grant to said action the Optionee of the Board of Directors, the Bancorp hereby grants to Optionee the right and option to purchase, upon and subject to and on the terms and conditions set forth herein, the aggregate of Ten Thousand (10,000) shares (the Plan Option Shares) of Company Common Stock, at an exercise price equal to $2.50 per Option Share, which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of least equal to the fair market value of such Option Shares on the stock as Grant Date for purposes of Section 409A of the date of action of the Board of Directors granting this optionCode.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to Under the terms and conditions of the Companys 2000 Stock Option Plan (the Plan), which is incorporated in full herein by this reference, the Company grants to the Optionee an option (the Option) to purchase from the Company all or any part of four-hundred a total of Two Hundred and Fifty Thousand (400250,000) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents (Companys Common Stock, par value $47.00) 0.001 per share, which at a price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this option$0.464 per share.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred (400up to ( ) shares of the Bancorps common stock Companys no par value Common Stock (hereinafter called the stock) at the price of fourty-seven Dollars and zero Cents ($47.00$ ) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this optionOption was originally granted.
Grant of Option. Pursuant This Agreement evidences the Corporations grant to said action the Employee, as of , (the Option Date), of the Board of Directors, the Bancorp hereby grants to Optionee the right and option to purchase, upon and subject to on the terms and conditions of set forth herein and in the Plan which is incorporated in full herein by this referencePlan, all or any part of four-hundred (400) an aggregate of shares of the Bancorps common stock (hereinafter called stock) Common Stock, par value $0.01 per share, at the price of fourty-seven Dollars and zero Cents $ per share ($47.00) per sharethe Option), which price is not less than one hundred percent (100%) amount represents the Fair Market Value of the fair market value of the stock shares as of the date Option Date, exercisable from time to time, subject to the provisions of action this Agreement and the Plan, prior to the close of business on the day before the tenth anniversary of the Board of Directors granting this optionOption Date (the Expiration Date).
Grant of Option. Pursuant to said action the provisions of the Board of DirectorsPlan, the Bancorp hereby Company grants to Optionee the option to purchaseOptionee, upon and subject to the terms and conditions of the Plan which is incorporated in full and to the terms and conditions herein by this referenceset forth, the right and option to purchase from the Company all or any a part of an aggregate of 68,584 (sixty-eight thousand, five hundred eighty-four-hundred (400) shares of Stock (the Bancorps common stock (hereinafter called stockShares) at the purchase price of fourty-seven Dollars and zero Cents ($47.00) 2.16 per share, which price is not less than one hundred percent (100%) of the fair market value of the stock such Option to be exercised as of the date of action of the Board of Directors granting this optionhereinafter provided.
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred Eleven Thousand and Five Hundred (40011,500) shares of the Bancorps Companys common stock (hereinafter called stockCommon Stock) at the price of fourty-seven Fifteen Dollars and zero Seventy-Seven Cents ($47.0015.77) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock Common Stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action of Grantee shall have the Board of Directors, the Bancorp hereby grants to Optionee the right and option to purchase, upon and subject to purchase on the terms and conditions of the Plan which is incorporated in full herein by this referenceset forth herein, all or any part of four-hundred an aggregate of 20,000 shares (400Option Shares) shares of the Bancorps $.10 par value common stock of the Corporation (hereinafter called stockthe Common Stock) at the purchase price of fourty-seven Dollars and zero Cents $6.81 per share ($47.00) per share, which price the Option Price). The Option Price is not less than one hundred percent (100%) 100% of the fair market value of the stock as of Common Stock on January 12, 2005, the date of action the grant of the Board of Directors granting option covered by this optionAgreement.
Grant of Option. Pursuant to said action of Grantee shall have the Board of Directors, the Bancorp hereby grants to Optionee the right and option to purchase, upon and subject to purchase on the terms and conditions of the Plan which is incorporated in full herein by this referenceset forth herein, all or any part of four-hundred an aggregate of 15,000 shares (400Option Shares) shares of the Bancorps $.10 par value common stock of the Corporation (hereinafter called stockthe Common Stock) at the purchase price of fourty-seven Dollars and zero Cents $7.00 per share ($47.00) per share, which price the Option Price). The Option Price is not less than one hundred percent (100%) 100% of the fair market value of the stock as of Common Stock on August 1, 2003, the date of action the grant of the Board of Directors granting option covered by this optionAgreement.
Grant of Option. Pursuant to said action the approval and direction of the Compensation Committee of the Company's Board of DirectorsDirectors (the "Committee"), the Bancorp Company hereby grants you an Option to Optionee purchase all or any part of the option to purchasenumber of Shares Granted set forth above of common stock of the Company, upon and par value US$.01 ("Stock"), at the per-share exercise price, which is 100% of the Fair Market Value of a share of Stock on the Grant Date (the "Exercise Price"), subject to the terms and conditions of the Plan which is incorporated in full herein by and this reference, all or any part Agreement. The Option shall not be treated as an incentive stock option within the meaning of four-hundred (400) shares Section 422 of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this optionCode.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred five- thousand (4005,000) shares of the Bancorps common stock (hereinafter called stock) at the price of fourtyforty-seven Dollars three dollars and zero Cents ($47.0043.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock (or not less than 110% of the fair market value of the stock for Optionee-shareholders who own securities possessing more than ten percent (10%) of the total combined voting power of all classes of securities of the Bancorp) as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this optionof the Company, the Company does hereby irrevocably grant to the Employee, as a matter of separate agreement and not in lieu of salary or any other compensation for services, the right and option to purchase one thousand one hundred thirty two (1,132) shares (the Shares) of the $2.50 par value common stock of the Company as authorized at the date hereof (the Common Stock) on the terms and conditions herein set forth (hereinafter called the Option).
Grant of Option. Pursuant Subject in all respects to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon Plan and subject to the terms and conditions of set forth herein and therein, the Plan which Participant is incorporated in full herein by this reference, all or any part of four-hundred hereby granted an Option to purchase from the Company Eight Hundred Fifty Thousand (400850,000) shares of Common Stock, at a price per share of $10.25 (the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this optionOption Price).
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby grants to the Optionee the right and option (hereinafter called the Option) to purchase, upon and subject to purchase from the terms and conditions of the Plan which is incorporated in full herein by this reference, Company all or any part of four-hundred (400) an aggregate amount of 151,837 shares of the Bancorps common Common Stock of the Company on the terms and conditions herein set forth. The number of shares granted under this Stock Option is calculated to equate to a value of two million dollars ($2,000,000) based on the closing price of the Companys stock (hereinafter called stockrepresented by symbol ACAT on the NASDAQ Exchange) at on the price Option Date and on an assumed Black-Scholes ratio of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred forty percent (100%) 40%). This grant does not qualify as an incentive stock option under Section 422 of the fair market value Internal Revenue Code of the stock 1986, as of the date of action of the Board of Directors granting this optionamended.
Grant of Option. Pursuant to said action the provisions of the Board of DirectorsPlan, the Bancorp hereby Company grants to Optionee the option to purchaseOptionee, upon and subject to the terms and conditions of the Plan which is incorporated in full and to the terms and conditions herein by this referenceset forth, the right and option to purchase from the Company all or any a part of fouran aggregate of sixty-hundred two thousand, fifty (40062,050) shares of Stock (the Bancorps common stock (hereinafter called stockShares) at the purchase price of fourty-seven Dollars and zero Cents ($47.00) 2.00 per share, which price is not less than one hundred percent (100%) of the fair market value of the stock such Option to be exercised as of the date of action of the Board of Directors granting this optionhereinafter provided.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby grants to the Optionee the right and option (hereinafter called the Option) to purchase, upon and subject to purchase from the terms and conditions of the Plan which is incorporated in full herein by this reference, Company all or any part of four-hundred (400) an aggregate amount of [ ] shares of the Bancorps common Common Stock of the Company on the terms and conditions herein set forth. The number of shares granted under this Stock Option is calculated to equate to a value of two million dollars ($2,000,000) based on the closing price of the Companys stock (hereinafter called stockrepresented by symbol ACAT on the NASDAQ Exchange) at on the price Option Date and on an assumed Black-Scholes ratio of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred forty percent (100%) 40%). This grant does not qualify as an incentive stock option under Section 422 of the fair market value Internal Revenue Code of the stock 1986, as of the date of action of the Board of Directors granting this optionamended.
Grant of Option. Pursuant to said action of the Board of Directors, or the Bancorp Stock Option Committee, if applicable, and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bank hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of fourFour thousand one hundred seventy-hundred six (4004,176) shares of the Bancorps Bank's common stock (hereinafter called "stock") at the price of fourty-seven Fourteen Dollars and zero fifty Cents ($47.0014.50) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock (or not less than 110% of the fair market value for Optionee-shareholders who own more than ten percent (10%) of the total combined voting power of all classes of stock of the Bank) as of the date of action of the Board of Directors Directors, or the Stock Option Committee, if applicable, granting this option.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby grants to Optionee the right and option (the Option) to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, purchase all or any part of four-hundred an aggregate of XXXX shares (400the Shares) shares of the Bancorps common stock stock, par value $.01 per share (hereinafter called stock) the Common Stock), of the Company at the price of fourty-seven Dollars $XX.XX per Share on the terms and zero Cents ($47.00) per share, which conditions set forth herein. It is understood and agreed that such price is not less than one hundred percent (100%) 100% of the fair market value of the stock as of each such Share on the date of action this Agreement. The Option is intended to be entitled to treatment as an incentive stock option within the meaning of Section 422A of the Board Internal Revenue Code of Directors granting this option1986, as amended (the Code).
Grant of Option. Pursuant to said action On the Enrollment Date of the Board of Directorseach Offering Period, the Bancorp hereby grants to Optionee the each eligible Employee participating in such Offering Period shall be granted an option to purchase, upon and subject purchase on the applicable Exercise Date for the Offering Period (at the per share option price) up to the terms and conditions a number of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourtyCompany's Common Stock determined by dividing such Employee's payroll deductions accumulated during such Offering Period by eighty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred five percent (100%85%) of the fair market value of the stock as a share of the date Company's Common Stock on the Enrollment Date or on the Exercise Date, whichever is lower, provided that the number of action shares subject to the option shall not exceed two hundred percent (200%) of the number of shares determined by dividing ten percent (10%) of the Employee's Compensation over the Offering Period by eighty-five percent (85%) of the fair market value of a share of the Company's Common Stock on the Enrollment Date, subject to the limitations set forth in Sections 3(b) and 12 hereof. The Board may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of Directors granting this optionshares of the Company's Common Stock that an eligible Employee may purchase during each Offering Period. Fair market value of a share of the Company's Common Stock shall be determined as provided in Section 7(b) herein. The option price per share of the shares offered in a given Offering Period shall be the lower of: (i) eighty-five percent (85%) of the fair market value of a share of the Common Stock of the Company on the Enrollment Date; or (ii) eighty-five percent (85%) of the fair market value of a share of the Common Stock of the Company on the applicable Exercise Date. The option price per share may be determined for subsequent Offering Periods by the Board subject to compliance with Section 423 of the Code (or any successor rule or provision or any other applicable law, regulation or stock exchange rule) or pursuant to Section 19. The fair market value of the Company's Common Stock on a given date shall be determined by the Board in its discretion; provided, however, that where there is a public market for the Common Stock, the fair market value per share shall be the closing price of the Common Stock for such date, as reported by the Nasdaq National Market. If a closing price is not available for an E nrollment Date or an Exercise Date, the fair market value of a share of the Common Stock of the Company on such date shall be the fair market value of a share of the Common Stock of the Company on the last business day prior to such date.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby irrevocably grants to Optionee the right and option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, purchase all or any part of four-an aggregate of four million eight hundred thousand (4004,800,000) shares of the Bancorps Companys common stock stock, par value $0.01 per share (the Common Stock) on the terms and conditions hereinafter called stock) at set forth and subject to the price of fourty-seven Dollars conditions and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) limitations of the fair market value of the stock as of the date of action of the Board of Directors granting this option.Stock Option Plan
Appears in 1 contract
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred Nine Thousand (4009,000) shares of the Bancorps Companys common stock (hereinafter called stockCommon Stock) at the price of fourty-seven Fifteen Dollars and zero Seventy-Seven Cents ($47.0015.77) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock Common Stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant On the Offering Date of each Offering Period, and subject in all cases to said action the provisions of the Board of DirectorsPlan, each participant in the Bancorp hereby grants to Optionee the Plan shall be granted an option to purchase, upon and subject purchase on each Purchase Date during the Offering Period (at the purchase price described in Section 8 below) up to the terms and conditions that number of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of Common Stock determined by dividing (a) the Bancorps common stock amount accumulated in such participants payroll deduction or other contribution account during such Purchase Period by (hereinafter called stockb) at the price lesser of fourty(i) eighty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred five percent (100%85%) of the fair market Fair Market Value of a share of Common Stock on the Offering Date (but in no event less than the par value of the stock as a share of Common Stock), or (ii) eighty-five percent (85%) of the date Fair Market Value of action a share of Common Stock on the Board Purchase Date (but in no event less than the par value of Directors granting a share of Common Stock), provided, however, that the number of shares of Common Stock subject to any option granted pursuant to this optionPlan shall not exceed the lesser of (x) the maximum number of shares which may be purchased pursuant to Section 10(a) with respect to the applicable Purchase Date, or (y) the maximum number of shares set by the Administrator pursuant to Section 10(b) below with respect to the applicable Purchase Date. The Fair Market Value of a share of Common Stock shall be determined as provided in Section 8 below.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject Subject to the terms and conditions of the Plan TeleTech Holdings, Inc. 2010 Equity Incentive Plan, as amended (the Plan), a copy of which is attached hereto and incorporated in full herein by this reference, all or any part TeleTech grants to Optionee an option (the Option) to purchase 150,000 shares (the Shares) of four-hundred TeleTechs common stock, $0.01 par value (400) shares the Common Stock), at a price equal to US $17.31 per share (the Option Price). The Option Price has been determined by the Compensation Committee of the Bancorps common stock Board of Directors of TeleTech (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per shareCommittee), which price is not less than one hundred percent (100%) of acting in good faith, to be the fair market value of the stock Common Stock on the Grant Date based upon the last sale price for Common Stock reported by The Nasdaq Stock Market, Inc. as of the date close of action business on the Grant Date. The Option is not intended to qualify as an incentive stock option described in Section 422 of the Board Internal Revenue Code of Directors granting 1986, as amended (the Code). All provisions of this optionAgreement are to be construed in conformity with this intention.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject Subject to the terms and conditions of set forth herein and in the Plan, Optionee shall be granted under the Plan which is incorporated in full herein by this reference, the right and option (the Option) to purchase from the Company all or any part of four-hundred (400) the number of shares of Common Stock set forth for Optionee on the Bancorps common stock BOL System under the Grant Information tab (hereinafter called stockfor the date hereof). One-quarter (1/4) of the Option is hereby granted as of March at the exercise price of fourty-seven Dollars and zero Cents ($47.00) [] per share. Except as otherwise provided herein or in the Plan, which price is not less than one hundred percent an additional one-quarter (100%1/4) of the Option shall be granted to the Optionee on the first trading day of the New York Stock Exchange (NYSE), or the principal exchange upon which the Common Stock is listed, of each of June, September and December , with an exercise price equal to the fair market value of a share of Common Stock on such grant date (which shall mean the stock as closing price of a share of the Common Stock on such grant date of action of as reported on the Board of Directors granting this option.principal nationally recognized stock exchange on which the Common Stock is traded on such date), subject to continuous
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby grants to Optionee the right and option (the Option) to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, purchase all or any part of four-hundred an aggregate of XXXX shares (400the Shares) shares of the Bancorps common stock stock, par value $.01 per share (hereinafter called stock) the Common Stock), of the Company at the price of fourty-seven Dollars $XX.XX per Share on the terms and zero Cents ($47.00) per share, which conditions set forth herein. It is understood and agreed that such price is not less than one hundred percent (100%) 100% of the fair market value of the stock as of each such Share on the date of action this Agreement. The Option is not intended to be entitled to treatment as an incentive stock option within the meaning of Section 422A of the Board Internal Revenue Code of Directors granting this option1986, as amended (the Code).
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this optionof the Company, the Company does hereby irrevocably grant to the Employee, as a matter of separate agreement and not in lieu of salary or any other compensation for services, the right and option to purchase seven hundred three (703) shares (the Shares) of the $2.50 par value common stock of the Company as authorized at the date hereof (the Common Stock) on the terms and conditions herein set forth (hereinafter called the Option).
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Committee hereby grants to Optionee the Participant an option to purchasepurchase from the Company, upon during the period specified in Section 2 of this Agreement, a total of two hundred (200) shares of Stock, at the purchase price of nine dollars and subject to sixty cents ($9.60) per share (the "Purchase Price"), in accordance with the terms and conditions of the Plan which is incorporated stated in full herein by this reference, all or any part of four-hundred (400) Agreement. The shares of Stock subject to the Bancorps common stock (hereinafter called stock) at option granted hereby are referred to below as the price of fourty-seven Dollars "Shares," and zero Cents ($47.00) per share, which price the option to purchase such Shares is not less than one hundred percent (100%) of referred to below as the fair market value of the stock as of the date of action of the Board of Directors granting this option"Option".
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred Two thousand (4002,000) shares of the Bancorps Companys common stock (hereinafter called stock) at the price of fourty-seven Ninetee Dollars and zero no Cents ($47.0019.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock (or not less than 110% of the fair market value of the stock for Optionee-shareholders who own more than ten percent (10%) of the total combined voting power of all classes of stock of the Company) as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action On each Offering Date, each eligible Employee who is then a Participant shall be granted (by operation of the Board of Directors, the Bancorp hereby grants to Optionee the Plan) an option to purchase, upon and subject purchase (at the Option Price) as many shares of Common Stock as the Participant will be able to purchase with the payroll deductions credited to the terms and conditions Participants account during the Offering Period. Notwithstanding the foregoing, in no event may the number of the Plan which is incorporated in full herein shares purchased by this reference, all or any part of four-hundred (400) Participant during an Offering exceed 1,000 shares of Common Stock. The option price per share of such shares (the Bancorps common stock Option Price) shall be the lesser of (hereinafter called stocka) at the price of fourtyeighty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred five percent (100%85%) of the fair market value Fair Market Value of one share of Common Stock on the Offering Date, or (b) eighty-five (85%) of the stock as Fair Market Value of one share of Common Stock on the date of action of the Board of Directors granting this optionTermination Date.
Grant of Option. Pursuant The Corporation hereby grants as of May 17, 2002 (the Grant Date) to said action the Optionee the right, privilege and option to purchase 2,000 shares of the Board Common Stock par value $0.10 (the Common Stock) of Directorsthe Corporation, at a purchase price of Thirty Seven Dollars and Eighty Two 100ths ($37.82) per share in the Bancorp hereby grants to Optionee the option to purchase, upon manner and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which hereafter provided. Said purchase price is not less than one hundred percent the Fair Market Value (100%as that term is defined in the Plan) of the fair market value shares of Common Stock of the stock as of Corporation at the date of action of the Board of Directors granting time this optionoption was granted.
Grant of Option. Pursuant The Corporation hereby grants as of May 5, 2006 (the Grant Date) to said action the Optionee the right, privilege and option to purchase 4,000 shares of the Board Common Stock par value $0.10 (the Common Stock) of Directorsthe Corporation, at a purchase price of Fifty-Two Dollars and Seventy-Eight 100ths ($52.78) per share in the Bancorp hereby grants to Optionee the option to purchase, upon manner and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which hereafter provided. Said purchase price is not less than one hundred percent the Fair Market Value (100%as that term is defined in the Plan) of the fair market value shares of Common Stock of the stock as of Corporation at the date of action of the Board of Directors granting time this optionoption was granted.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject Subject to the terms and conditions of this Agreement, the Plan which is incorporated in full herein by this referenceCompany hereby grants to Optionee as of the Grant Date, the right and option to purchase all or any part of four-an aggregate of two hundred fifty thousand (400250,000) shares of the Bancorps Company's common stock, par value $.001 per share. The shares of common stock (hereinafter called stock) at issuable upon the price exercise of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of this Option are referred to as the fair market value of the stock as of the date of action of the Board of Directors granting this option"Option Shares."
Grant of Option. Pursuant to said action the provisions of the Board of DirectorsPlan, the Bancorp hereby Company grants to Optionee the option to purchaseOptionee, upon and subject to the terms and conditions of the Plan which is incorporated in full and to the terms and conditions herein by this referenceset forth, the right and option to purchase from the Company all or any a part of fouran aggregate of 232,500 (two hundred thirty-hundred (400two thousand, five hundred) shares of Stock (the Bancorps common stock (hereinafter called stockShares) at the purchase price of fourty-seven Dollars and zero Cents ($47.00) 0.84 per share, which price is not less than one hundred percent (100%) of the fair market value of the stock such Option to be exercised as of the date of action of the Board of Directors granting this optionhereinafter provided.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred three- thousand (4003,000) shares of the Bancorps common stock (hereinafter called stock) at the price of fourtyforty-seven Dollars three dollars and zero Cents ($47.0043.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock (or not less than 110% of the fair market value of the stock for Optionee-shareholders who own securities possessing more than ten percent (10%) of the total combined voting power of all classes of securities of the Bancorp) as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Committee hereby grants to the Optionee the an option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) purchase shares of the Bancorps common stock Companys Common Stock (hereinafter called stockShares) at for an Option price per Share equal to $1.16 per share (not less than the price Fair Market Value of fourty-seven Dollars a Share on the date of this Agreement and zero Cents ($47.00) per share, which price is not less than one hundred ten percent (100%110%) of the fair market value Fair Market Value of the stock as of a Share on the date of action of this Agreement if the Board of Directors granting this optionOptionee is a Ten Percent Shareholder) (the Option). The Option is intended by the Committee to be a Non-Qualified Stock Option and the provisions hereof shall be interpreted on a basis consistent with such intent.
Appears in 1 contract Stock Option Agreement (Gevo, Inc.),
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred Two thousand (4002,000) shares of the Bancorps Companys common stock (hereinafter called stock) at the price of fourtyTwenty-seven five Dollars and zero 75 Cents ($47.00$ 25.75) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of fourTwenty-hundred Three Thousand (40023,000) shares of the Bancorps Companys common stock (hereinafter called stockCommon Stock) at the price of fourty-seven Fifteen Dollars and zero Seventy-Seven Cents ($47.0015.77) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock Common Stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action of the Board of DirectorsAdministrator, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of fourTwenty-hundred Five Thousand (40025,000) shares of the Bancorps Company's common stock (hereinafter called "stock") at the price of fourty-seven Four Dollars and zero Seventy-five Cents ($47.004.75) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock (or not less than 110% of the fair market value of the stock for Optionee-shareholders who own securities possessing more than ten percent (10%) of the total combined voting power of all classes of securities of the Company) as of the date of action of the Board of Directors Administrator granting this option.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby grants to Optionee the right and option (the Option) to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, purchase all or any part of four-hundred an aggregate of shares (400the Shares) shares of the Bancorps common stock stock, par value $.01 per share (hereinafter called stock) the Common Stock), of the Company at the price of fourty-seven Dollars $ per Share on the terms and zero Cents ($47.00) per share, which conditions set forth herein. It is understood and agreed that such price is not less than one hundred percent (100%) 100% of the fair market value of the stock as of each such Share on the date of action this Agreement. The Option is intended to qualify as an incentive stock option within the meaning of Section 422A of the Board Internal Revenue Code of Directors granting this option1986, as amended (the Code).
Grant of Option. Pursuant to said action of the Board of DirectorsStock Option Committee and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred Thirty thousand (40030,000) shares of the Bancorps common Companys stock (hereinafter called stock) at the price of fourtyTwenty-eight Dollars and eighty-seven Dollars and zero Cents cents ($47.0028.87) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock (or not less than 110% of the fair market value of the stock for Optionee-shareholders who own securities possessing more than ten percent (10%) of the total combined voting power of all classes of securities of the Company) as of the date of action of the Board of Directors Stock Option Committee granting this option.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this optionof the Company, the Company does hereby irrevocably grant to the Employee, as a matter of separate agreement and not in lieu of salary or any other compensation for services, the right and option to purchase twelve thousand (12,000) shares (the Shares) of the $2.50 par value common stock of the Company as authorized at the date hereof (the Common Stock) on the terms and conditions herein set forth (hereinafter called the Option).
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Corporation hereby grants to Optionee the Participant an option to purchasepurchase from the Corporation, upon during the period specified in Section 2 of this Agreement, a total of Three Hundred Seventy thousand (370,000) shares of Common Stock, at the purchase price of Four Dollars and subject to Seventy Cents ($4.70) per share (the "Purchase Price"), in accordance with the terms and conditions of the Plan which is incorporated stated in full herein by this reference, all or any part of four-hundred (400) Agreement. The shares of Common Stock subject to the Bancorps common stock (hereinafter called stock) at option granted hereby are referred to below as the price of fourty-seven Dollars "Shares," and zero Cents ($47.00) per share, which price the option to purchase such Shares is not less than one hundred percent (100%) of referred to below as the fair market value of the stock as of the date of action of the Board of Directors granting this option"Option."
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred (400Two thousand ( 2,000 ) shares of the Bancorps Companys common stock (hereinafter called stock) at the price of fourtyTwenty-seven six Dollars and zero 50 Cents ($47.00$ 26.50 ) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action a duly adopted resolution of the Board of Directors, Compensation Committee (the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400Committee) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting (the Board) of the Company, the Company grants to the Optionee an option (the Stock Option) to purchase from the Company a total of 250,000 shares (the Optioned Shares) of Common Stock of the Company at $2.0500 per share (being the Fair Market Value per share of the Common Stock on the Date of Grant), in the amounts, during the periods, and upon the terms and conditions set forth in this optionAgreement. The Date of Grant of this Stock Option is July 5, 2001. This Stock Option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Code.
Grant of Option. Pursuant to said action of the Board of DirectorsAdministrator, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of fourTwenty-hundred Five Thousand (40025,000) shares of the Bancorps Company's common stock (hereinafter called "stock") at the price of fourtyThirty-seven three Dollars and zero Seventy-five Cents ($47.0033.75) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock (or not less than 110% of the fair market value of the stock for Optionee-shareholders who own securities possessing more than ten percent (10%) of the total combined voting power of all classes of securities of the Company) as of the date of action of the Board of Directors Administrator granting this option.
Grant of Option. Pursuant to said action of the Board of DirectorsPlan, the Bancorp hereby grants Company, on (the Date of Grant), granted to Optionee the option to purchaseParticipant, upon and subject to the terms and conditions of the Plan which is incorporated in full and subject further to the terms and conditions herein by this referenceset forth, the right and option to purchase from the Company all or any part of four-hundred (400) an aggregate of shares of Common Stock (the Bancorps common stock (hereinafter called stockOption Shares) at the option price of fourty-seven Dollars and zero Cents ($47.00) per share, which such option price is per share being not less than one hundred percent (100%) the Fair Market Value of a share of the fair market value Common Stock on the Date of Grant (or, in case of a Ten Percent Shareholder as described in the Plan, not less than 110 percent of the stock as Fair Market Value of a share of the date Common Stock on the Date of action of the Board of Directors granting this optionGrant). This Option is exercisable as hereinafter provided.
Grant of Option. Pursuant to said action (a) On the Offering Date of the Board of Directorseach Offering Period, the Bancorp hereby grants to Optionee the each eligible Employee participating in such Offering Period shall be granted an option to purchase, upon and subject to the terms and conditions purchase on each Exercise Date during such Offering Period a number of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock Companys Common Stock determined by dividing such Employees payroll deductions accumulated prior to such Exercise Date and retained in the Participants account as of the Exercise Date by the lower of (hereinafter called stocki) at the price of fourtyeighty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred five percent (100%85%) of the fair market value of the stock as a share of the date of action Companys Common Stock on the Offering Date or (ii) eighty-five percent (85%) of the fair market value of a share of the Companys Common Stock on the Exercise Date; provided, however, that the maximum number of Shares an Employee may purchase during each Offering Period shall be determined at the Offering Date by dividing $100,000 by the fair market value of a share of the Companys Common Stock on the Offering Date, and provided further that such purchase shall be subject to the limitations set forth in paragraphs 3(b) and 13 hereof. Exercise of the option shall occur as provided in paragraph 8, unless the participant has withdrawn pursuant to paragraph 11, and shall expire on the last day of the Offering Period. Fair market value of a share of the Companys Common Stock shall be determined as provided in paragraph 7(b) herein. (b) The option price per share of the shares offered in a given Exercise Period shall be the lower of: (i) eighty-five percent (85%) of the fair market value of a share of the Common Stock of the Company on the Offering Date; or (ii) eighty-five percent (85%) of the fair market value of a share of the Common Stock of the Company on the Exercise Date. The fair market value of the Companys Common Stock on a given date shall be determined by the Board in its discretion; provided, however, that where there is a public market for the Common Stock, the fair market value per share shall be the closing price of Directors granting this optionthe Common Stock for such date on the New York Stock Exchange or on such other stock exchange as the Companys Common Stock may be traded or, if not traded on a stock exchange, as reported by the NASDAQ National Market System, or, in the event the Common Stock is not listed on a stock exchange or NASDAQs National Market System, the fair market value per share shall be the mean of the bid and asked prices of the Common Stock reported for such date in over-the-counter trading.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred two- thousand (4002,000) shares of the Bancorps common stock (hereinafter called stock) at the price of fourtyforty-seven Dollars three dollars and zero Cents ($47.0043.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock (or not less than 110% of the fair market value of the stock for Optionee-shareholders who own securities possessing more than ten percent (10%) of the total combined voting power of all classes of securities of the Bancorp) as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject Subject to the terms and conditions set forth herein, ANA hereby grants to IBKC an option (Option)to purchase up to such number of shares of ANA Common Stock, at a price of $23.76 per share payable in cash as provided in Section 4 hereof, as shall equal 4.9% of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) outstanding shares of ANA Common Stock after the Bancorps common stock exercise of the Option; provided, however, that if ANA issues or agrees to issue any shares of ANA Common Stock (hereinafter called stockother than as permitted under the Merger Agreement) at the a price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent $23.76 per share (100%) as adjusted pursuant to Section 6 hereof), the exercise price shall be equal to such lesser price; in no event, however, shall the number of shares for which the Option is exercisable exceed 4.9% of ANAs issued and outstanding Common Stock after the exercise of the fair market value of the stock as of the date of action of the Board of Directors granting this optionOption.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of fourtwo-thousand and five-hundred (4002,500) shares of the Bancorps common stock (hereinafter called stock) at the price of fourtyforty-seven Dollars three dollars and zero Cents ($47.0043.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock (or not less than 110% of the fair market value of the stock for Optionee-shareholders who own securities possessing more than ten percent (10%) of the total combined voting power of all classes of securities of the Bancorp) as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant The Company hereby irrevocably grants to said action of Director, subject to approval by the Board of DirectorsDirectors of the Company (the Director did not participate in the discussion or consideration of such matter), the Bancorp hereby grants right and option (the Option), to Optionee purchase all or any part of an aggregate of Forty-five Thousand (45,000) shares of the option common stock, $0.01 par value per share, of the Company (the Common Stock) (such number being subject to purchase, upon and adjustment as provided in Section 8 hereof) subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this optionset forth.
Appears in 1 contract Option Agreement (Osmonics Inc),
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp Corporation hereby grants to Optionee Participant the option right to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400purchase ( ) shares of Stock (the Bancorps common stock (hereinafter called stockOption Shares) at the a price of fourty-seven Dollars and zero Cents ($47.00$ ) per shareOption Share (the Option Price), which price in accordance with the terms of this Agreement and the Plan (the Option). The Committee, exercising good faith, has determined that the Option Price is not less than equal to at least one hundred percent (100%) of the fair market value of a share of Stock on the stock as Date of Grant. [NOTE: If Participant and his or her family hold more than 10% of the date total combined voting power of action all classes of Stock, then the Option Price must not be less than 110% of the Board fair market value of Directors granting this optionthe Option Shares on the Date of Grant. Also total fair market value of all options granted to Participant eligible to be exercised in any one year should not exceed $100,000.] The Option is intended by the parties hereto to be, and shall be treated as, an incentive stock option (as such term is defined under section 422 of the Internal Revenue Code of 1986 (the Code)).
Grant of Option. Pursuant Subject to said action of and upon the Board of Directorsterms, conditions and restrictions set forth in this Agreement and the Plan, the Bancorp Company hereby grants to Optionee on the Grant Date a non-qualified stock option (Option) to purchase, upon and subject to the terms and conditions purchase Thirty-Five Thousand (35,000)shares (Option Shares) of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares common stock of the Bancorps common stock Company during the Term hereof (hereinafter called stockas defined in Section 3 hereof) at the price an Option Price of fourty-seven Four Dollars and zero Cents ($47.00Seventy-Five Cents($4.75) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Holding Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred Five Thousand, (4005,000) shares of the Bancorps Holding Companys common stock (hereinafter called stockCommon Stock) at the price of fourty-seven Eleven Dollars and zero No Cents ($47.0011.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock Common Stock (or not less than 110% of the fair market value for Optionee-shareholders who own more than ten percent (10%) of the total combined voting power of all classes of Common Stock of the Holding Company) as of the date of action of the Board of Directors Directors, granting this option.
Grant of Option. Pursuant The Corporation hereby grants as of May 6, 2005 (the Grant Date) to said action the Optionee the right, privilege and option to purchase 4,000 shares of the Board Common Stock par value $0.10 (the Common Stock) of Directorsthe Corporation, at a purchase price of Thirty Four Dollars and no 100ths ($34.00) per share in the Bancorp hereby grants to Optionee the option to purchase, upon manner and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which hereafter provided. Said purchase price is not less than one hundred percent the Fair Market Value (100%as that term is defined in the Plan) of the fair market value shares of Common Stock of the stock as of Corporation at the date of action of the Board of Directors granting time this optionoption was granted.
Grant of Option. Pursuant to said action the approval and direction of the Compensation Committee of the Companys Board of DirectorsDirectors (the Committee), the Bancorp Company hereby grants you an Option to Optionee purchase all or any part of the option to purchasenumber of Shares Granted set forth above of common stock of the Company, upon and par value US$.01 (Stock), at the per-share exercise price, which is 100% of the fair market value of a share of Stock on the Grant Date (the Exercise Price), subject to the terms and conditions of the Plan which and this Agreement. This stock option is incorporated in full herein by this reference, all or any part intended to be a non-qualified stock option and shall not be treated as an incentive stock option within the meaning of four-hundred (400) shares Section 422 of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this optionCode.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby grants to Optionee the option (the Option) to purchasepurchase all or any part of an aggregate of ___shares (the Shares) of common stock, upon and subject $0.01 par value (Common Stock), of the Company at the exercise price of $ per share according to the terms and conditions set forth in this Agreement and in the Irvine Sensors Corporation 2006 Omnibus Incentive Plan (the Plan). The Option will be treated as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the Code). The Option is issued under the Plan and is subject to its terms and conditions. A copy of the Plan which is incorporated in full herein by this referencewill be furnished upon request of Optionee. The Option shall terminate at the close of business ten (10) years from the date hereof; provided, all or any part however, that if Optionee owns (within the meaning of four-hundred (400) shares Section 422 of the Bancorps common stock (hereinafter called stockCode) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action hereof stock possessing more than 10% of the Board total combined voting power of Directors granting this optionall classes of stock of the Company or of its Affiliates, the Option shall terminate at the close of business five (5) years from the date hereof.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Committee hereby grants to the Optionee the an option to purchase, upon and subject to the terms and conditions purchase [insert # of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares] shares of the Bancorps common stock Companys Common Stock (hereinafter called stockShares) at for an Option price per Share equal to [insert price] (not less than the price Fair Market Value of fourty-seven Dollars a Share on the date of this Agreement and zero Cents ($47.00) per share, which price is not less than one hundred ten percent (100%110%) of the fair market value Fair Market Value of a Share if the Optionee is a ten percent (10%) or greater shareholder of the stock Company as described in Section 7.3 of the date of action of Plan) (the Board of Directors granting this optionOption). The Option is intended by the Committee to be an Incentive Stock Option and the provisions hereof shall be interpreted on a basis consistent with such intent.
Grant of Option. Pursuant On the Offering Date of each Offering Period each eligible employee who is enrolled in this Plan with respect to said action such Offering Period will receive a grant (as of the Board Offering Date) by the Company to such employee of Directors, the Bancorp hereby grants to Optionee the an option to purchase, upon and subject purchase on the Purchase Date up to the terms and conditions that number of shares of Common Stock of the Plan which is incorporated Company determined by dividing (a) the amount accumulated in full herein such employees payroll deduction account during such Purchase Period by this reference, all or any part of four(b) ninety-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred five percent (100%95%) of the fair market value of the stock as a share of the date Companys Common Stock on the Purchase Date (but in no event less than the par value of action a share of the Board Companys Common Stock), provided, however, that the number of Directors granting shares of the Companys Common Stock subject to any option granted pursuant to this optionPlan shall not exceed the lesser of (x) the maximum number of shares set by the Committee pursuant to Section 10(c) below with respect to the applicable Purchase Date, or (y) the maximum number of shares which may be purchased pursuant to Section 10(b) below with respect to the applicable Purchase Date. The fair market value of a share of the Companys Common Stock shall be determined as provided in Section 8 below.
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred (400( ) shares of the Bancorps common stock (hereinafter called stockStock) at the price of fourty-seven Dollars and zero Cents ($47.00$ . ) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock (or not less than 110% of the fair market value of the Stock for Optionee-shareholders who own more than ten percent (10%) of the total combined voting power of all classes of stock of the Bancorp) as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action the provisions of the Board of DirectorsPlan, the Bancorp hereby Company grants to Optionee the option to purchaseOptionee, upon and subject to the terms and conditions of the Plan which is incorporated in full and to the terms and conditions herein by this referenceset forth, the right and option to purchase from the Company all or any a part of fouran aggregate of 149,850 (one hundred forty-nine thousand, eight hundred (400fifty) shares of Stock (the Bancorps common stock (hereinafter called stockShares) at the purchase price of fourty-seven Dollars and zero Cents ($47.00) 1.67 per share, which price is not less than one hundred percent (100%) of the fair market value of the stock such Option to be exercised as of the date of action of the Board of Directors granting this optionhereinafter provided.
Grant of Option. Pursuant to said action of Grantee shall have the Board of Directors, the Bancorp hereby grants to Optionee the right and option to purchase, upon and subject to purchase on the terms and conditions of set forth herein and in the Plan which is incorporated in full herein by this referencePlan, all or any part of four-hundred (400) an aggregate of 2,000 shares of the Bancorps $2.00 par value common stock of the Corporation (hereinafter called stockthe Common Stock) at the purchase price of fourty-seven Dollars and zero Cents $44.52 per share ($47.00) per share, which price the Option Price). The Option Price is not less than one hundred percent (100%) 100% of the fair market value Fair Market Value of the stock as of Common Stock on April 18, 2005, the date of action the grant of the Board option covered by this Agreement. Certain definitions are provided in Section 12 of Directors granting this optionAgreement. All capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Plan.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of fourtwo-hundred (400200) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action of the Board of Directorsor the Committee, the Bancorp Company hereby grants to Optionee the option Options to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred (400( ) shares of the Bancorps common stock (hereinafter called stock) Common Stock at the price of fourty-seven Dollars and zero Cents DOLLARS ($47.00$ ) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock a share of such Common Stock as of the date of action of the Board of Directors granting this option. [These Options are intended to be treated as a Non-Statutory Stock Options.] [These Options are intended to qualify as an Incentive Stock Options under Section 422 of the Internal Revenue Code of 1986, as amended (the Code).] OPTIONEE ACKNOWLEDGES THAT UNDER SECTION 422 (d) OF THE CODE, TO THE EXTENT THAT THE AGGREGATE FAIR MARKET VALUE OF THE STOCK (DETERMINED AS OF THE DATE OF THE GRANT, WHICH UNDER THIS OPTION IS THE EXERCISE PRICE) WITH RESPECT TO WHICH INCENTIVE STOCK OPTIONS ARE EXERCISABLE FOR THE FIRST TIME BY THE OPTIONEE DURING ANY CALENDAR YEAR (UNDER ALL OPTIONS HELD BY OPTIONEES) EXCEEDS $100,000, SUCH OPTIONS SHALL BE TREATED AS NON-STATUTORY STOCK OPTIONS.]
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby grants to Optionee the right and option (the Option) to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, purchase all or any part of four-hundred an aggregate of shares (400the Shares) shares of the Bancorps common stock stock, par value $0.01 per share (hereinafter called stock) the Common Stock), of the Company at the price of fourty-seven Dollars $ per Share on the terms and zero Cents ($47.00) per share, which price conditions set forth herein. The Option is not less than one hundred percent (100%) intended to qualify as an incentive stock option within the meaning of Section 422A of the fair market value Internal Revenue Code of 1986, as amended (the Code). The Option is subject to the stockholders of the stock Company approving an amendment to the Plan to increase the number of shares authorized under the Plan by 8,000,000 from 4,300,000 to 12,300,000 (the Amendment) at the next annual or special meeting of the stockholders of the Company. Notwithstanding any other provisions of this Agreement, in the event that the Amendment is not approved by the stockholders at such meeting, the Option will terminate effective as of the date of action of the Board of Directors granting this optionsuch meeting.
Grant of Option. Pursuant to said action of Grantee shall have the Board of Directors, the Bancorp hereby grants to Optionee the right and option to purchase, upon and subject to purchase on the terms and conditions of the Plan which is incorporated in full herein by this referenceset forth herein, all or any part of four-hundred an aggregate of 20,000 shares (400Option Shares) shares of the Bancorps $.10 par value common stock of the Corporation (hereinafter called stockthe Common Stock) at the purchase price of fourty-seven Dollars and zero Cents $5.35 per share ($47.00) per share, which price the Option Price). The Option Price is not less than one hundred percent (100%) 100% of the fair market value of the stock as of Common Stock on January 27, 2004, the date of action the grant of the Board of Directors granting option covered by this optionAgreement.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby grants to Optionee the right and option (the Option) to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, purchase all or any part of four-hundred an aggregate of shares (400the Shares) shares of the Bancorps common stock stock, par value $0.01 per share (hereinafter called stock) the Common Stock), of the Company at the price of fourty-seven Dollars $ per Share on the terms and zero Cents ($47.00) per share, which conditions set forth herein. It is understood and agreed that such price is not less than one hundred percent (100%) 100% of the fair market value of the stock as of each such Share on the date of action this Agreement. The Option is not intended to qualify as an incentive stock option within the meaning of Section 422A of the Board Internal Revenue Code of Directors granting this option1986, as amended (the Code).
Grant of Option. Pursuant to said action a duly adopted resolution of the Board of Directors, Compensation Committee (the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400Committee) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting (the Board) of the Company, the Company grants to the Optionee an option (the Stock Option) to purchase from the Company a total of 110,000 shares (the Optioned Shares) of Common Stock of the Company at $3.2500 per share (being the Fair Market Value per share of the Common Stock on the Date of Grant), in the amounts, during the periods, and upon the terms and conditions set forth in this optionAgreement. The Date of Grant of this Stock Option is September 10, 2002. This Stock Option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Code.
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred Twenty Thousand (40020,000) shares of the Bancorps Companys common stock (hereinafter called stockCommon Stock) at the price of fourty-seven Fifteen Dollars and zero Seventy-Seven Cents ($47.0015.77) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock Common Stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action Effective as of May 31, 2012 (the Board Date of DirectorsGrant), the Bancorp Company hereby grants to Optionee the Optionee, an option (the Option) to purchasepurchase thirty-eight thousand five hundred eighty (38,580) Shares at the Option Price per Share of Twenty-Five Dollars and Ninety-Two Cents ($25.92) (the Option Price), upon and subject to the terms and conditions of the Plan which is incorporated in full herein by and this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market Agreement. The future value of such Shares is unknown and cannot be predicted with certainty. If such Shares do not increase in value, the stock as of the date of action of the Board of Directors granting this optionOption will have no value.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this optionof the Company, the Company does hereby irrevocably grant to the Employee, as a matter of separate agreement and not in lieu of salary or any other compensation for services, the right and option to purchase three hundred thirteen and 69/100 (313.69) shares (the Shares) of the $2.50 par value common stock of the Company as authorized at the date hereof (the Common Stock) on the terms and conditions herein set forth (hereinafter called the Option).
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp The Company hereby grants to Optionee the option (the Option) to purchasepurchase all or any part of an aggregate of shares (the Shares) of common stock, upon and subject $0.01 par value (Common Stock), of the Company at the exercise price of $ per share according to the terms and conditions set forth in this Agreement and in the Irvine Sensors Corporation 2006 Omnibus Incentive Plan (the Plan). The Option will be treated as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the Code). The Option is issued under the Plan and is subject to its terms and conditions. A copy of the Plan which is incorporated in full herein by this referencewill be furnished upon request of Optionee. The Option shall terminate at the close of business ten (10) years from the date hereof; provided, all or any part however, that if Optionee owns (within the meaning of four-hundred (400) shares Section 422 of the Bancorps common stock (hereinafter called stockCode) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action hereof stock possessing more than 10% of the Board total combined voting power of Directors granting this optionall classes of stock of the Company or of its Affiliates, the Option shall terminate at the close of business five (5) years from the date hereof.
Grant of Option. Pursuant to said action of the Board of Directors, the Bancorp hereby grants to Optionee the option to purchase, upon and subject Subject to the terms and conditions of this Agreement, SkillSoft hereby grants to SmartForce an irrevocable option (the Plan which is incorporated in full herein by this reference, all or any part of four-hundred Option) to purchase up to either (400i) 3,473,930 shares of the Bancorps common stock SkillSoft Common Stock (hereinafter called stockas adjusted as set forth herein) at the price of fourty-seven Dollars and zero Cents or ($47.00ii) per share, which price if such number is not less greater than one hundred percent (100%) 19.9% of the fair market value shares of the stock as of SkillSoft Common Stock outstanding on the date of action the Exercise Notice (as defined below), then such number of shares of SkillSoft Common Stock as would equal 19.9% of the Board outstanding shares of Directors granting this optionSkillSoft Common Stock on the date of the Exercise Notice (the Option Shares), in the manner set forth below by paying cash at a price of $14.93 per share (the Exercise Price).
Grant of Option. Pursuant The Corporation hereby grants as of May 19, 2003 (the Grant Date) to said action the Optionee the right, privilege and option to purchase 2,000 shares of the Board Common Stock par value $0.10 (the Common Stock) of Directorsthe Corporation, at a purchase price of Thirty Eight Dollars and Seventy Six 100ths ($38.76) per share in the Bancorp hereby grants to Optionee the option to purchase, upon manner and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which hereafter provided. Said purchase price is not less than one hundred percent the Fair Market Value (100%as that term is defined in the Plan) of the fair market value shares of Common Stock of the stock as of Corporation at the date of action of the Board of Directors granting time this optionoption was granted.
Grant of Option. Pursuant to said action of the Board of DirectorsDirectors and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan Plan, which is incorporated in full herein by this reference, all or any part of four-hundred Five Thousand (4005,000) shares of the Bancorps Companys common stock (hereinafter called stockCommon Stock) at the price of fourty-seven Fourteen Dollars and zero Fifty-Six Cents ($47.0014.56) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock Common Stock as of the date of action of the Board of Directors granting this option.
Grant of Option. Pursuant to said action of the Board of DirectorsAdministrator, the Bancorp hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400( ) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00$ . ) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors Administrator granting this option.
Grant of Option. Pursuant to said action of the Board of DirectorsAdministrator, the Bancorp Company hereby grants to Optionee the option to purchase, upon and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of fourTwenty-hundred Five Thousand (40025,000) shares of the Bancorps Companys common stock (hereinafter called stock) at the price of fourty-seven Thirty Dollars and zero Fifty Cents ($47.0030.50) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock (or not less than 110% of the fair market value of the stock for Optionee-shareholders who own securities possessing more than ten percent (10%) of the total combined voting power of all classes of securities of the Company) as of the date of action of the Board of Directors Administrator granting this option.
Grant of Option. Pursuant to said action of Grantee shall have the Board of Directors, the Bancorp hereby grants to Optionee the right and option to purchase, upon and subject to purchase on the terms and conditions of the Plan which is incorporated in full herein by this referenceset forth herein, all or any part of four-hundred an aggregate of 25,000 shares (400Option Shares) shares of the Bancorps $.10 par value common stock of the Corporation (hereinafter called stockthe Common Stock) at the purchase price of fourty-seven Dollars and zero Cents $5.50 per share ($47.00) per share, which price the Option Price). The Option Price is not less than one hundred percent (100%) 100% of the fair market value of the stock as of Common Stock on March 11, 2004, the date of action the grant of the Board of Directors granting option covered by this optionAgreement.
Grant of Option. Pursuant The Corporation hereby grants as of May 10, 2004 (the Grant Date) to said action the Optionee the right, privilege and option to purchase 2,000 shares of the Board Common Stock par value $0.10 (the Common Stock) of Directorsthe Corporation, at a purchase price of Fifty Five Dollars and thirty-seven 100ths ($55.37) per share in the Bancorp hereby grants to Optionee the option to purchase, upon manner and subject to the terms and conditions of the Plan which is incorporated in full herein by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which hereafter provided. Said purchase price is not less than one hundred percent the Fair Market Value (100%as that term is defined in the Plan) of the fair market value shares of Common Stock of the stock as of Corporation at the date of action of the Board of Directors granting time this optionoption was granted.
Grant of Option. Pursuant By entering into the Three Agreements the Company has previously granted Participant options to said action purchase an aggregate of Two Hundred Seventy Five Thousand (275,000) shares of Stock, at the Board purchase price of DirectorsOne Cent ($0.01) per share (the Purchase Price), and through the Bancorp hereby grants to Optionee ADSA the option to purchase, upon and subject to Parties have agreed that such options shall be governed in accordance with the terms and conditions stated in this Agreement. The shares of Stock subject to such prior option grants are referred to below as the Shares, and the option to purchase such Shares is referred to below as the Option. The parties acknowledge and agree that the Options are not awarded under the High Speed Net Solutions, Inc. 2000 Equity Compensation Plan (the Plan) and that neither this Agreement nor the Options are subject to any of the Plan which is incorporated in full herein burdens or benefits of coverage by this reference, all or any part of four-hundred (400) shares of the Bancorps common stock (hereinafter called stock) at the price of fourty-seven Dollars and zero Cents ($47.00) per share, which price is not less than one hundred percent (100%) of the fair market value of the stock as of the date of action of the Board of Directors granting this optionPlan.
Grant of Option. Pursuant to said action of Employee shall have the Board of Directors, the Bancorp hereby grants to Optionee the right and option to purchase, upon and subject to purchase on the terms and conditions of set forth herein and in the Plan which is incorporated in full herein by this referencePlan, all or any part of four-hundred an aggregate of shares (400Option Shares) shares of the Bancorps $2.00 par value common stock of the Corporation (hereinafter called stockthe Common Stock) at the purchase price of fourty-seven Dollars and zero Cents $ per share ($47.00) per share, which price the Option Price). The Option Price is not less than one hundred percent (100%) 100% of the fair market value of the stock as of Common Stock on , 200 , the date of action the grant of the Board of Directors granting option covered by this optionAgreement.