Grant of Option Sample Clauses

Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of [___________________ ] (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in meeting the requirements of the Plan and section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), and not a nonqualified stock option ("NQSO").
Grant of Option. The This agreement evidences the grant by the Company hereby grants on the Grant Date to the Optionee the right and Employee of an option to purchase (the "Option"), in whole or in part, on the terms provided herein and in the Plan, the following shares of Common Stock of the Company (the "Shares") to purchase all or any part of an aggregate of __________as set forth below. _________ shares of Common Stock (the "Options"), subject to adjustment as provided in the Plan. Exercise Price: [$______) Common Shares. ] The Option evidenced by this agreement is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is not intended to be a nonqualified stock option ("NQSO") and not qualify as an incentive stock option ("ISO") as such term is defined in section under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company Corporation hereby irrevocably grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of ___________________ shares of the Common Stock (______such number being subject to adjustment as provided in paragraph 7 hereof) Common Shareson the terms and conditions herein set forth. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects not intended by the parties hereto to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereofbe, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to not be a nonqualified stock option ("NQSO") and not treated as, an incentive stock option ("ISO") as such term is defined in section under Section 422 of the Internal Revenue Code of 1986, as amended 1986 (hereinafter called the "Code")).
Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company Corporation hereby irrevocably grants to the Optionee Employee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of ___________________ shares of the Common Stock (______such number being subject to adjustment as provided in paragraph 7 hereof) Common Shareson the terms and conditions herein set forth. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects intended by the parties hereto to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereofbe, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not treated as, an incentive stock option ("ISO") as such term is defined in section under Section 422 of the Internal Revenue Code of 1986, as amended 1986 (hereinafter called the "Code")).
Grant of Option. The Company hereby grants to the Optionee the right and Participant an option (the "Option") to purchase all or any part of an aggregate of [___________________ (______) Common Shares. The Option is in all respects limited ] Units, under and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") Agreement and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code")Plan.
Grant of Option. The Company hereby grants to the Optionee Recipient the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ (_______) shares of Common Stock (the "Shares"), on the terms and conditions set forth in the Plan, subject to the requirements set forth in this Agreement, to the extent not inconsistent with the Plan (the "Option"). The Option is in all respects limited and conditioned as hereinafter provided, a Non-Qualified Stock Option and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is not intended to be a nonqualified stock option (qualify as an "NQSO") and not an incentive stock option ("ISO") option" as such that term is defined used in section Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company hereby grants to the Optionee the right right, privilege and option as herein set forth (the "Option") to purchase all or any part of an aggregate of _up to __________________ (_______) shares (the "Shares") of Class B common stock, $.01 par value per share, of Company ("Common Shares. The Option is Stock"), in all respects limited and conditioned as hereinafter provided, and is subject in all respects to accordance with the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Shares, when issued to Optionee upon the exercise of the Option, shall be fully paid and nonassessable. The Option is granted hereunder is intended pursuant to be a nonqualified stock option and to implement in part the Continental Airlines, Inc. 1998 Stock Incentive Plan (as amended and in effect from time to time, the "NQSOPlan") and is subject to the provisions of the Plan, which is hereby incorporated herein and is made a part hereof, as well as the provisions of this Option Agreement. Optionee agrees to be bound by all of the terms, provisions, conditions and limitations of the Plan and this Option Agreement. All capitalized terms have the meanings set for th in the Plan unless otherwise specifically provided. All references to specified paragraphs pertain to paragraphs of this Option Agreement unless otherwise provided. The Option is not intended to qualify as an "incentive stock option ("ISO") as such term is defined in section option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Appears in 2 contracts
Grant of Option. The Subject to and upon the terms, conditions, and restrictions set forth in this Option Agreement and in the Plan, the Company hereby grants to the Optionee the right and Participant an option (the "Option") to purchase all or any part of an aggregate of ___________________ shares of Common Stock (the "Option Shares"). The Option may be exercised from time to time in accordance with the terms and conditions of this Option Agreement and the Plan. The Option Shares may be purchased pursuant to the Option at a price of $______) Common Shares_ per Option Share, subject to adjustment as provided in the Plan (the "Exercise Price"). The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option (and shall not be treated as an "NQSO") and not an incentive stock option ("ISO") as such option" within the meaning of that term is defined in section under Section 422 of the Internal Revenue Code of 1986Code, as amended (the "Code")or any successor provision thereto.
Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company Subject to the terms of the Plan (the terms of which are incorporated by reference herein), the Trust hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ___________from the Trust, on the terms and subject to the conditions hereinafter set forth, ________ (______) Common Sharesshares of Stock. The This Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not constitute an incentive stock option ("ISO") as such term is defined in section within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company hereby grants Pursuant to the Optionee Plan, the Company, on _______, 2006 (the Date of Grant), granted to the Participant, subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the right and option (the "Option") Option to purchase from the Company all or any part of an aggregate of ________________ Shares at the option price of $____ per Share (______) Common Shares. The the Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding optionsPrice). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this This Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section under Section 422 of the Internal Revenue Code of 1986, Code. This Option will be exercisable as amended (the "Code")hereinafter provided.
Grant of Option. The Company hereby grants to Optionee on the Optionee date set forth above (the Date of Grant), the right and option (the "Option") to purchase all or any part portions of an aggregate of _____of______________ (______( ) shares of Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to Stock at a per share price of $0.80 the terms and conditions set forth herein, and subject to adjustment pursuant to Section 12 of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options)Plan. Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this This Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 within the meaning of Section 422, or any successor provision, of the Internal Revenue Code of 1986, as amended (the "Code"), and the regulations thereunder, to the extent permitted under Code Section 422(d).
Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of [___________________ ] (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in meeting the requirements of the Plan and section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), and not a nonqualified stock option (NQSO).
Grant of Option. The Company hereby grants to the Optionee the right right, privilege and option as herein set forth (the "Option") to purchase all or any part of an aggregate of __________up to _________ (_________) shares (the "Shares") of Class B common stock, $.01 par value per share, of Company ("Common Shares. The Option is Stock"), in all respects limited and conditioned as hereinafter provided, and is subject in all respects to accordance with the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Shares, when issued to Optionee upon the exercise of the Option, shall be fully paid and nonassessable. The Option is granted hereunder is intended pursuant to be a nonqualified stock option and to implement in part the Continental Airlines, Inc. 1997 Stock Incentive Plan (as amended and in effect from time to time, the "NQSOPlan") and is subject to the provisions of the Plan, which is hereby incorporated herein and is made a part hereof, as well as the provisions of this Option Agreement. Optionee agrees to be bound by all of the terms, provisions, conditions and limitations of the Plan and this Option Agreement. All capitalized terms have the meanings set forth in t he Plan unless otherwise specifically provided. All references to specified paragraphs pertain to paragraphs of this Option Agreement unless otherwise provided. The Option is not intended to qualify as an "incentive stock option ("ISO") as such term is defined in section option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Appears in 2 contracts
Grant of Option. The Company Company, effective as of the date of this Agreement, hereby grants to the Optionee Participant, as a matter of separate agreement and not in lieu of salary or other compensation for services rendered, the right and option (the "Option") to purchase all or any part of an aggregate of ______________ shares of Common Stock (the "Shares") at the price of $______ (______) Common Sharesper share on the terms and conditions set forth in this Agreement. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is not intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 within the meaning of the Internal Revenue Code of 1986, as amended 1986 (the "Code"), as amended.
Grant of Option. The Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Company hereby grants to the Optionee the right and option (the "Option") an Option to purchase all or any part of an aggregate of ___________________ shares of Class A Common Stock (______) Common the "Option Shares").). The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified non-statutory stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code")option.
Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ______________ (______ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company GreenSky hereby grants to the Optionee Employee the right and option to purchase from GreenSky, on the terms and subject to the conditions set forth in this Option Agreement, _____ Class A Units of GreenSky (such units, the "Option Units"; such option, the "Option"). The date of grant of the Option (the "Grant Date") to purchase all or any part of an aggregate of is __________, _________ (______) Common Shares. The Option is Options will become vested as set forth in all respects limited Section 3 below and conditioned be deemed exercised as hereinafter providedset forth in Section 4 below. Unless otherwise provided herein, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control defined in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") Operating Agreement and not an incentive stock option ("ISO") as such term is defined in section 422 of herein shall have the Internal Revenue Code of 1986, as amended (meanings attributed to them under the "Code")Operating Agreement.
Grant of Option. The Company hereby grants to the Optionee the right and a non-qualified stock option (the "Option") to purchase all or any part of an aggregate of ___________________ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to Shares on the terms and conditions of hereinafter set forth, and the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control set forth in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code")Plan.
Appears in 1 contract Stock Option Agreement (Cognex Corp),
Grant of Option. The Company hereby grants Pursuant to the Optionee Plan, the right and option (the "Option") to purchase all or any part of an aggregate of Company, on _________________, 20__ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided"Grant Date"), and is granted to Participant, subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only subject further to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by referenceset forth, made a the right and option to purchase from the Company all or any part hereofof the aggregate of _______ shares of Common Stock at the option price of $XX.XX per share (the "Option Price") (this grant referred to herein as the "Option"), and shall control in being not less than the event Market Price per share of any conflict with any other terms the Common Stock on the Grant Date of this the Option. Such Option Agreementwill be exercisable as hereinafter provided. The This Option granted hereunder is not intended to be a nonqualified stock option ("NQSO") and not treated as an incentive stock option ("ISO") as such term is defined in under Code section 422 of the Internal Revenue Code of 1986, as amended (the "Code")422.
Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 issued under any of the Internal Revenue Code Company's existing equity incentive plans and is not governed by the terms of 1986, as amended (the "Code")such plans.
Grant of Option. The Company hereby grants to Participant on the Optionee date set forth above (the "Date of Grant"), the right and option (the "Option") to purchase all or any part portions of an aggregate of (_____________) shares of Common Stock at a per share price of $______ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to on the terms and conditions set forth herein, and subject to adjustment pursuant to Section 16 of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options)Plan. Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this This Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and will not be treated as an incentive stock option ("ISO") option, as such term is defined in section 422 under Section 422, or any successor provision, of the Internal Revenue Code of 1986, as amended (the "Code"), and the regulations thereunder.
Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of ___________________ shares (______such number being subject to adjustment as provided in the Plan) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to on the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreementset forth. The Option granted hereunder herein is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 within the meaning of the Plan and Section 422A of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of ___________________ shares (______such number being subject to adjustment as provided in the Plan) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to on the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreementset forth. The Option granted hereunder herein is not intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 within the meaning of the Plan and Section 422A of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Pursuant to the provisions of the Sierra Health Services, Inc. 1995 Non-Employee Directors' Stock Plan as Amended and Restated through April 8, 2003 (the "Plan"), the Company hereby grants confirms the grant to the Optionee Optionee, subject to the terms and conditions of the Plan (as it presently exists and as it may hereafter be amended) and this Non-Qualified Stock Option Agreement (the "Agreement"), of the right and option (the "Option") to purchase from the Company all or any part of an aggregate of ______________ shares of the Stock of the Company (the "Shares") at the exercise price of $_______ per Share (______) Common Shares. The the "Option"), such Option is in all respects limited and conditioned to be exercisable as hereinafter provided. This Option is not intended to be, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may will not be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by referencetreated as, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in within the meaning of section 422 of the Internal Revenue Code of 1986, as amended (amended. The number of shares with respect to which this Option is exercisable, and the "Code")exercise price with respect to each Share, are each subject to adjustment under certain circumstances, as more fully set forth in the Plan and Section 6.
Grant of Option. The This agreement (this "Agreement") evidences the grant by Eastern Resources, Inc., a Delaware corporation (the "Company"), on __________, 2012 (the "Grant Date") to ______________________________, an employee of the Company hereby grants to (the Optionee the right and "Participant"), of an option (the "Option") to purchase all purchase, in whole or any part of an aggregate in part, on the terms provided herein and in the Company's 2012 Equity Incentive Plan (the "Plan"), a total of ___________________ (____________ shares (the "Shares") Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of common stock of the Plan now in effect and as it may be amended from time to time Company (but only to "Common Stock") at $2.00 per Share. Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern Time, on __________, 2022 (the extent that such amendments apply to outstanding options"Final Exercise Date"). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder It is intended to that the Option evidenced by this Agreement shall be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section Section 422 of the Internal Revenue Code of 1986, as amended amended, and any regulations promulgated thereunder (the "Code"). However, to the extent that the aggregate fair market value of stock with respect to which incentive stock options, including the Option, are exercisable for the first time by the Participant during any calendar year, exceeds $100,000, such options shall be treated as not qualifying under Code Section 422, but rather shall be treated as non-qualified stock options to the extent required by Code Section 422. Except as otherwise indicated by the context, the term "Participant", as used in this Agreement, shall be deemed to include any person who acquires the right to exercise this option validly under its terms. In order to obtain the tax treatment provided for incentive stock options by Section 422 of the Code, the Shares received upon exercising any incentive stock options received pursuant to this Agreement must be sold, if at all, after a date which is the later of two (2) years from the date of this Agreement or one (1) year from the date upon which the Option is exercised. The Participant agrees to report sales of Shares prior to the above determined date (a "Disqualifying Disposition") to the Company within five (5) business days after such sale is concluded. The Participant also agrees to pay to the Company, within ten (10) business days after such sale is concluded, the amount necessary for the Company to satisfy its withholding requirement required by the Code in the manner specified in Section 13 of the Plan. Nothing herein is intended as a representation that the Shares may be sold without registration under state and federal securities laws or an exemption therefrom or that such registration or exemption will be available at any specified time.
Grant of Option. The Company Corporation hereby grants to the Optionee Participant the right and option (the "Option") Option to purchase all or any part of an aggregate of ___________________ (______( ) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to Shares on the terms and conditions and subject to and with the benefit of all the Plan now limitations set forth herein and in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are Plan, which is incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company hereby grants to the Optionee the right and option Xethanol Corporation (the "OptionCompany") to purchase all or any part of an aggregate hereby grants, as of ____________, _______ ("Date of Grant"), to __________________ (the "Optionee") an option (the "Option") to purchase up to _________ shares (the "Shares") of the Company's common stock, par value $.001 per share (the "Common SharesStock"), at an exercise price per share equal to $______ (the "Exercise Price"). The Option has been granted on the terms and subject to the conditions set forth herein. The Option is in being issued pursuant to the Company's 2005 Incentive Compensation Plan (the "Plan"), which is incorporated herein by reference for all respects limited purposes. The Optionee hereby acknowledges receipt of a copy of the Plan and conditioned as hereinafter provided, and is subject in agrees to be bound by all respects to of the terms and conditions hereof and thereof and all applicable laws and regulations. The Option is a Non-Qualified Stock Option, and not an Incentive Stock Option. The Option shall be subject to approval by the Company's stockholders of an amendment to the Plan now in effect to increase the number of shares available for award thereunder. If the Company's stockholders do not approve an amendment to the Plan sufficient to cover the Shares, the Option will be void to the extent (and as it may be amended from time to time (but only to the extent extent) that such amendments apply the number of shares available for award under the Plan is insufficient to outstanding options). Such terms and conditions are incorporated herein by referencecover the Shares in full, made a part hereof, and shall control in with the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended Shares to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined treated pro rata with all other shares underlying options granted in section 422 excess of the Internal Revenue Code number of 1986, as amended (shares available for award under the "Code")Plan.
Grant of Option. The Company hereby grants to Holder the Optionee the right right, privilege and option as herein set forth (the "Option") to purchase all or any part of an aggregate of _______up to ____________ (_________) shares (the "Shares") of Common Stock, in accordance with the terms of this Option Grant Document. The Shares, when issued to Holder upon the exercise of the Option, shall be fully paid and nonassessable. The Option is granted pursuant to and to implement in all respects limited part the Continental Airlines, Inc. Incentive Plan 2000 (as amended and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to time, the extent that such amendments apply to outstanding options"Plan"). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is not intended to be a nonqualified stock option ("NQSO") and not qualify as an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code")Incentive Stock Option.
Appears in 1 contract
Grant of Option. The Company hereby grants to the Optionee as a matter of this separate Agreement and not in lieu of any other compensation, the right and option (hereafter called the "Option") ), to purchase all or any part of an aggregate of ___________________ (_______) Common Shares. The Option is in all respects limited and conditioned as hereinafter providedwhole shares of authorized, and is subject in all respects to but unissued, common stock of the Company, on the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreementset forth. The Option granted hereunder shall be exercisable by Optionee, subject to all terms and conditions set forth in the Plan and this Agreement. The Option is intended by the parties hereto to be, and shall be a nonqualified stock option ("NQSO") and not treated as, an incentive stock option ("ISO") as such term is defined in section under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company hereby grants to the Optionee the right and an incentive stock option (the "Option") to purchase all or any part or all of an aggregate of ___________________ shares of Common Stock (______) Common Sharesthe "Option"). The This Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects granted pursuant to the terms and conditions of the Assured Pharmacy, Inc. 2012 Incentive Compensation Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSOPlan") and this Agreement. Capitalized terms used in this Agreement and not an incentive stock option ("ISO") as defined herein shall have the meaning given to such term is defined terms in section 422 of the Internal Revenue Code of 1986, as amended (the "Code")Plan.
Grant of Option. The Company hereby grants to Participant on the Optionee date set forth above (the "Date of Grant"), the right and option (the "Option") to purchase all or any part portions of an aggregate of _____________ shares of Common Stock (the "Option Shares") at a per share price of $_______ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to on the terms and conditions set forth herein, and subject to adjustment pursuant to Section 11.6 of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options)Plan. Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this This Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and will not be treated as an incentive stock option ("ISO") option, as such term is defined in section 422 under Section 422, or any successor provision, of the Internal Revenue Code of 1986, as amended (the "Code"), and the regulations thereunder.
Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company hereby Corporation grants to the Optionee Employee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ (shares of Stock for ______) Common Shares_ per share (the "Exercise Price"), on the terms and conditions stated in this Agreement (the "Option"). The This Option is shall be a "Nonstatutory Option" or "NSO" as defined in all respects limited and conditioned as hereinafter provided, the Plan. This Option has been granted pursuant to the Plan and is subject in to all respects the terms and provisions thereof, a copy of which has been made available to the Employee and the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions which are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of reference into this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Subject to the terms and conditions of this Notice and Article VIII of the Plan, the Company hereby grants to the awards Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ shares of Stock from the Company (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options"Option"). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder under this Notice is not intended to be a nonqualified stock option (an "NQSO") and not an incentive stock option ("ISO") as such term is defined in section Incentive Stock Option" under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company hereby grants to the Optionee the right and an option (the "Option") to purchase all or any part portion of an aggregate a total of __________ shares ("Shares") of the Common Stock of the Company at a purchase price of __________ per share (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided"Exercise Price"), and is subject in all respects to the terms and conditions set forth herein and the provisions of the Plan now in effect and as it may be amended from time to time (but only to Plan. If the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event "Type of any conflict with any other terms of Option" denoted above is "Incentive," then this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option (qualify as an "NQSO") and not an incentive stock option ("ISO") option" as such term is defined in section Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). If this Option fails in whole or in part to qualify as an incentive stock option, or if the "Type of Option" denoted above is "Nonqualified," then this Option shall to that extent constitute a nonqualified stock option.
Grant of Option. The Company hereby grants to Optionee, subject to all the Optionee terms and provisions of the right STRATA Skin Sciences, Inc. 2013 Stock Incentive Plan, as such Plan may be hereinafter amended, a copy of which is attached hereto and incorporated herein by this reference (the "Plan"), the right, privilege and option (the "Option") to purchase all or any part of an aggregate of ___________________ shares of its common stock ("Stock") at $______) Common Shares. The Option is __ per share, in all respects limited the manner and conditioned as hereinafter provided, and is subject in all respects to the terms conditions provided hereinafter and conditions of in the Plan now in effect and as it may be amended from time to time (but only to the extent that such any amendments apply to outstanding options). Such terms thereto and conditions are incorporated herein by reference, made a part hereof, any rules and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code")regulations thereunder.
Grant of Option. The Pursuant to action of the Compensation Committee of the Board of Directors of the Company hereby grants (the Committee) [and then approval by the full Board of Directors], and subject to the terms and conditions of the Plan and this Agreement, the Company has granted to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________________ (__________) (the Optioned Shares) of the Common SharesStock. The Option is terms, conditions and provisions of the Plan are incorporated by reference herein and in all respects limited and conditioned as hereinafter provided, and is subject in all respects to cases the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in any case of conflict between the event of any conflict with any other Plan and the terms of this Option Agreement. The Option granted hereunder Capitalized terms used herein shall have the meanings ascribed to them in the Plan unless otherwise herein defined. This option is not intended to qualify as, and will not be a nonqualified stock option ("NQSO") and not treated as, an incentive stock option ("ISO") as such term is defined in section within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended.
Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of ___________________ (______) shares of the Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to Stock of the Company on the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options)herein set forth. Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder It is intended to be a nonqualified stock option ("NQSO") and not that the Option shall constitute an incentive stock option ("ISO") as such term is defined in section 422 Section 422A of the Internal Revenue Code of 1986, as amended (the "Code")amended.
Grant of Option. The Company hereby irrevocably grants to the Optionee Employee the right and option (the "Option") to purchase all or any part of an aggregate of [___________________ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided] shares of Stock, and is subject in all respects to on the terms and conditions of set forth herein and in the Plan, which Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are is incorporated herein by reference, made reference as a part hereof, and shall control in of this Agreement. In the event of any conflict with any other between the terms of this Agreement and the Plan, the Plan shall control. Capitalized terms used but not defined in this Agreement, shall have the meaning attributed to such terms under the Plan, unless the context requires otherwise. This Option Agreement. The Option granted hereunder is intended to shall not be a nonqualified stock option ("NQSO") and not treated as an incentive stock option ("ISO"option, within the meaning of section 422(b) as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Subject to all the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate as of ___________________ [Date of Annual Meeting of Stockholders] (______the "Date of Grant") Common Shares. The an Outside Director Option is (the "Option") to purchase up to 7,000 shares of common stock of the Company (such number being subject to adjustment as provided in all respects limited and conditioned as hereinafter providedSection 10), and is subject in all respects to $.01 par value, on the terms and conditions of the Plan now in effect and as it may herein set forth. The Option shall be amended exercisable from time to time (but only to during the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control option term specified in Section 3 at the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined Exercise Price specified in section 422 of the Internal Revenue Code of 1986, as amended (the "Code")Section 2.
Grant of Option. The Company hereby grants to Participant on the Optionee date set forth above (the "Date of Grant"), the right and option (the "Option") to purchase all or any part portions of an aggregate of ___________________ (_______) shares of Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to Stock at a per share price of $ on the terms and conditions set forth herein, and subject to adjustment pursuant to Section 16 of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options)Plan. Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this This Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and will not be treated as an incentive stock option ("ISO") option, as such term is defined in section 422 under Section 422, or any successor provision, of the Internal Revenue Code of 1986, as amended (the "Code"), and the regulations thereunder.
Grant of Option. The Company hereby grants to the Optionee the right and option Xethanol Corporation (the "OptionCompany") to purchase all or any part of an aggregate hereby grants, as of ____________, _______ ("Date of Grant"), to __________________ (the "Optionee") an option (the "Option") to purchase up to _________ shares (the "Shares") of the Company's common stock, par value $.001 per share (the "Common SharesStock"), at an exercise price per share equal to $______ (the "Exercise Price"). The Option has been granted on the terms and subject to the conditions set forth herein. The Option is in being issued pursuant to the Company's 2005 Incentive Compensation Plan (the "Plan"), which is incorporated herein by reference for all respects limited purposes. The Optionee hereby acknowledges receipt of a copy of the Plan and conditioned as hereinafter provided, and is subject in agrees to be bound by all respects to of the terms and conditions hereof and thereof and all applicable laws and regulations. The Option is a Non-Qualified Stock Option, and not an Incentive Stock Option. A total of ______ of the Plan now in effect and as it Shares that may be amended from time obtained on exercise of the Option (the "Excess Shares") shall be subject to time approval by the Company's stockholders of an amendment to the Plan to increase the number of shares available for award thereunder. If the Company's stockholders do not approve an amendment to the Plan sufficient to cover the Excess Shares, the Option will be void to the extent (but and only to the extent extent) that such amendments apply the number of shares available for award under the Plan is insufficient to outstanding options). Such terms and conditions are incorporated herein by referencecover the Excess Shares in full, made a part hereof, and shall control in with the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended Excess Shares to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined treated pro rata with all other shares underlying options granted in section 422 excess of the Internal Revenue Code number of 1986, as amended (shares available for award under the "Code")Plan.
Grant of Option. The Subject to the terms set forth below, the Company hereby grants to Employee the Optionee the right right, privilege, and option to purchase up to ________ shares (of Common Stock the "OptionOption Shares") to at the purchase all or any part price of an aggregate $________ per share. The date of grant ("Grant Date") of the option is ___________________ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder This option is intended to be a nonqualified stock option (and shall be treated as an "NQSOIncentive Stock Option") and not an incentive stock option ("ISO") , as such that term is defined in section Section 422 of the Internal Revenue Code of 1986, as amended ("Section 422"). Provided, however, that to the extent that the option fails for any reason to comply with the provisions of Section 422, it shall be treated as a "Non-Qualified Stock Option" (as defined in the Plan). The Company shall have no liability whatsoever to Employee in the event the option fails for any reason to satisfy the requirements for Incentive Stock Options set forth in Section 422. This option is granted pursuant to the CryoLife, Inc. 2004 Employee Stock Incentive Plan (the "CodePlan").
Appears in 1 contract
Grant of Option. The Company hereby grants to Participant the Optionee the right right, privilege and option as herein set forth (the "Option") to purchase all or any part of an aggregate of up to ___________________ (_________) shares (the Shares) of Common Shares. The Option is Stock, in all respects limited and conditioned as hereinafter provided, and is subject in all respects to accordance with the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Shares, when issued to Participant upon the exercise of the Option, shall be fully paid and nonassessable. The Option is granted hereunder pursuant to the Plan and is subject to the provisions of the Plan, which is hereby incorporated herein and is made a part hereof, as well as the provisions of this Option Agreement. Participant agrees to be bound by all of the terms, provisions, conditions and limitations of the Plan and this Option Agreement. All capitalized terms have the meanings set forth in the Plan unless otherwise specifically provided. All references to specified paragraphs pertain to paragraphs of this Option Agreement unless otherwise provided. The Option is not intended to be a nonqualified stock option ("NQSO") and not qualify as an incentive stock option ("ISO") as such term is defined in section within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended.
Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter providedshares of Stock, and is subject in all respects to on the terms and conditions of set forth herein and in the Plan, which Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are is incorporated herein by reference, made reference as a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The This Option granted hereunder is intended to shall not be a nonqualified stock option ("NQSO") and not treated as an incentive stock option ("ISO"within the meaning of section 422(b) as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company hereby grants to the Optionee Employee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ shares of Common Stock (______Shares) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to on the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to herein set forth. To the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by referencepossible, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company hereby grants to the Optionee Participant the right and option (the "Option") to purchase purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of ______________ Shares, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option shall be $______ per Share, being the Fair Market Value of the Shares as of the Grant Date (______) Common Sharesthe "Option Price"). The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified non-qualified stock option, and is not intended to be treated as an option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section that complies with Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended.
Grant of Option. The Company hereby grants a Qualified Stock Option in the amount and subject to the Optionee the right and option terms provided in this Agreement (the "Option") to purchase all or any part of an aggregate effective as of ______________, _____ (______) Common Sharesthe "Grant Date"). The If the Option is in all respects limited and conditioned as hereinafter provideda Nonqualified Stock Option, and the Option is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is not intended to be and shall not be treated as a nonqualified stock option ("NQSO") and not an qualified incentive stock option ("ISO") as such term is defined in section under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). If the Option is a Qualified Stock Option, the Option is intended to be and shall be treated as a qualified incentive stock option as defined under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). The foregoing notwithstanding, to the extent the aggregate fair market value of stock with respect to which Qualified Stock Options are exercisable for the first time by Optionee in any given calendar year exceeds $100,000, such Qualified Stock Options shall be treated as Nonqualified Stock Options under the Plan. In such event, Section 8 of this Agreement shall not apply to shares acquired by Optionee as a result of the exercise of such Nonqualified Stock Options.
Grant of Option. The Subject to the terms, restrictions, limitations and conditions stated herein and in the Plan, the Company hereby grants to the Optionee the right and a non-qualified stock option (the "Option") to purchase purchase, all or any part of an aggregate of ___________________ (______) shares of Common Shares. The Option is Stock, subject to adjustment as set forth in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended Section 6 (the "CodeOption Shares").
Grant of Option. The Pursuant to action of the Compensation Committee of the Board of Directors of the Company hereby grants (the Committee), which action was taken on ________________ (Date of Grant) and subject to the terms and conditions of the Plan and this Agreement, the Company has granted to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ shares (______the Optioned Shares) of the Common SharesStock. The Option is terms, conditions and provisions of the Plan are incorporated by reference herein and in all respects limited and conditioned as hereinafter provided, and is subject in all respects to cases the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in any case of conflict between the event of any conflict with any other Plan and the terms of this Option Agreement. The Option granted hereunder Capitalized terms used herein shall have the meanings ascribed to them in the Plan unless otherwise herein defined. This option is not intended to qualify as, and will not be a nonqualified stock option ("NQSO") and not treated as, an incentive stock option ("ISO") as such term is defined in section within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended.
Grant of Option. The Company Corporation hereby irrevocably grants to the Optionee Optionee, effective the date the Date of Grant, __________ ___, ______ the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ 10,000 shares of Stock (______such number being subject to adjustment as provided in paragraph 4 hereof) Common Shares. The Option is in all respects limited on the terms and conditioned as hereinafter providedconditions herein set forth, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are which is incorporated herein by reference, reference and made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreementhereof for all purposes. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 A copy of the Internal Revenue Code of 1986, as amended (Plan has been provided to the "Code")Optionee and the Optionee hereby acknowledges the receipt thereof.
Grant of Option. The Company hereby grants to Optionee, subject to all the Optionee terms and provisions of the right Stock Compensation Plan, as such Plan may be hereinafter amended, a copy of which is attached hereto and incorporated herein by this reference (the "Plan"), the right, privilege and option (the "Option") to purchase all or any part of an aggregate of __________ shares of its common stock ("Stock") at __________ (______) Common Shares. The Option is per share, in all respects limited the manner and conditioned as hereinafter provided, and is subject in all respects to the terms conditions provided hereinafter and conditions of in the Plan now in effect and as it may be amended from time to time (but only to the extent that such any amendments apply to outstanding options). Such terms thereto and conditions are incorporated herein by reference, made a part hereof, any rules and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code")regulations thereunder.
Grant of Option. The Company hereby grants This Option Agreement evidences the grant to Optionee on the Optionee Grant Date of the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ (________) Common SharesShares under the Plan. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted evidenced hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of [___________________ ] (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control co ntrol in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in meeting the requirements of the Plan and section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), and not a nonqualified stock option ("NQSO").
Grant of Option. The Company Subject to the terms of the Plan (the terms of which are incorporated by reference herein), the Trust hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ___________from the Trust, on the terms and subject to the conditions hereinafter set forth, ________ (______) Common Shares. The This Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not constitute an incentive stock shares option ("ISO") as such term is defined in section within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended.
Grant of Option. The Company hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ Shares (______) Common the "Option Shares. The Option is in all respects limited and conditioned as hereinafter provided"), and is subject in all respects to on the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only subject to the extent that such amendments apply to outstanding options)conditions hereinafter set forth in this Agreement. Such terms and conditions [All Options are incorporated herein by reference, made a part hereof, and shall control in be deemed to be ISOs issued under and pursuant to the Plan.] In the event of any conflict with any other between this Agreement and the terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 the Plan, the terms of the Internal Revenue Code of 1986, as amended (the "Code")Plan shall govern.
Grant of Option. The Pursuant to the Plan and the Original Option, the Company hereby grants to the Optionee Employee the right and option (the "Option") to purchase all or any part of an aggregate of ___________________ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter providedshares of the Company's common stock, and is subject in all respects to par value $.20 per share, on the terms and conditions of herein set forth (the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options"Option"). Such terms and conditions are incorporated herein by reference, made a part hereof, and This Option shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to not be a nonqualified stock option ("NQSO") and not designated as an incentive stock option ("ISO") for purposes of qualifying as such term is defined in section under the provisions of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended.
Grant of Option. The Company Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Committee hereby grants to the Optionee the right and Participant a stock option (the "Option") with respect to purchase all or any part of an aggregate of ___________________ shares of common stock of the Company (______) Common Shares"Company Stock"). The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option (does not constitute an "NQSO") and not an incentive stock option ("ISO") as such term is defined in section option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended.
Grant of Option. The Company Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Committee hereby grants to the Optionee the right and Participant a stock option (the "Option") with respect to purchase all or any part of an aggregate of ___________________ shares of common stock of the Company (______) Common Shares"Company Stock"). The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option (constitute an "NQSO") and not an incentive stock option ("ISO") as such term is defined in section option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (amended, to the "Code")extent allowed under the Plan and applicable law.
Grant of Option. The Company hereby grants to Employee the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ________________________ (shares of the Companys Common Stock, $.01 par value, at a price per share equal to $______) Common Shares. The Option is ___, in all respects limited the manner and conditioned as subject to the conditions hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder This option is intended to be a nonqualified stock option ("NQSO") and not qualify as an incentive stock option ("ISO") as such term is defined in section 422 of under the Internal Revenue Code of 1986, as amended (amended. This option is granted pursuant to and subject to all of the "Code")terms and conditions of the Plan and, unless the context otherwise requires, terms used herein shall have the same meaning as in the Plan. Determinations made in connection with this option shall be governed by the Plan, and in the event of any inconsistency or conflict between this Agreement and the Plan, the terms of the Plan shall govern. In particular, without affecting the generality of the foregoing, it is understood that employment by the Company includes employment by a Related Corporation as defined in the Plan.
Grant of Option. The Company hereby grants to the Optionee the right and an option (the "Option") to purchase all or any part of an aggregate of [___________________ ] shares of Stock (______the Option) Common Shareson the terms and conditions set forth in this Agreement and as otherwise provided in the Plan. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects not intended to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereoftreated, and shall control not be construed, as an Incentive Stock Option (as defined in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code"Plan).
Grant of Option. The Company hereby grants to Participant the Optionee the right right, privilege and option as herein set forth (the "Option") to purchase all or any part of an aggregate of up to ___________________ (_________) shares (the Shares) of Common Shares. The Option is Stock, in all respects limited and conditioned as hereinafter provided, and is subject in all respects to accordance with the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Shares, when issued to Participant upon the exercise of the Option, shall be fully paid and nonassessable. The Option is granted hereunder pursuant to the Plan and is subject to the provisions of the Plan, which is hereby incorporated herein and is made a part hereof, as well as the provisions of this Option Agreement. Participant agrees to be bound by all of the terms, provisions, conditions and limitations of the Plan and this Option Agreement. All capitalized terms have the meanings set forth in the Plan unless otherwise specifically provided. All references to specified paragraphs pertain to paragraphs of this Option Agreement unless otherwise provided. The Option is not intended to be a nonqualified stock option ("NQSO") and not qualify as an incentive stock option ("ISO") as such term is defined in section within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The Company Carbonite, Inc., a Delaware corporation (the Company), hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ______[ _____________ ] (the Employee), an option (the Option), pursuant to the Companys 2011 Equity Award Plan (the Plan), to purchase an aggregate of [ ________ ] shares (the Underlying Shares) of Common Shares. The Option is Stock, par value $0.01 per share (Common Stock), of the Company at a price of $[____] per share (the Exercise Price), purchasable as set forth in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of this Incentive Stock Option Agreement (the Plan now Agreement) and the Plan. Except where the context otherwise requires, the term Company shall include the parent and all subsidiaries of the Company as defined in effect Sections 424(e) and 424(f) of the Code. Capitalized terms used by not otherwise defined herein shall have the meaning ascribed to such terms in the Plan. To the extent that any term of this Agreement conflicts or is otherwise inconsistent with any term of the Plan, as it may be amended from time to time (but only to time, the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") the Plan shall take precedence and not an incentive stock option ("ISO") as supersede any such conflict or inconsistent term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code")contained herein.
Appears in 1 contract
Grant of Option. The Company Carbonite, Inc., a Delaware corporation (the Company), hereby grants to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate of ___[ ________________ ] (the Optionee), an option (the Option), pursuant to the Companys 2011 Equity Award Plan (the Plan), to purchase an aggregate of [ ______ ] shares (the Underlying Shares) of Common Stock, par value $0.01 per share (Common Stock), of the Company at a price of $[_) Common Shares. The Option is ___] per share (the Exercise Price), purchasable as set forth in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of this Nonstatutory Stock Option Agreement (the Plan now Agreement) and the Plan. Except where the context otherwise requires, the term Company shall include the parent and all subsidiaries of the Company as defined in effect Sections 424(e) and 424(f) of the Code. Capitalized terms used by not otherwise defined herein shall have the meaning ascribed to such terms in the Plan. To the extent that any term of this Agreement conflicts or is otherwise inconsistent with any term of the Plan, as it may be amended from time to time (but only to time, the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") the Plan shall take precedence and not an incentive stock option ("ISO") as supersede any such conflict or inconsistent term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code")contained herein.
Appears in 1 contract
Grant of Option. The Company Corporation hereby irrevocably grants to the Optionee Grantee the right and option (option, hereinafter called the "Option") , to purchase all or any part of an aggregate of [___________________ ] Common Shares (______such number being subject to adjustment as provided in paragraph 6 hereof) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to on the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code")set forth.
Grant of Option. The Company hereby grants to the Optionee the right and Participant an option (the "Option") to purchase all or any part of an aggregate of [___________________ (______) Common Shares. The Option is in all respects limited ] Units, under and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") Agreement and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code")Plan.
Appears in 1 contract Option Agreement (Linn Energy, Llc),
Grant of Option. The Company Company, effective as of the date of this Agreement, hereby grants to the Optionee Participant, as a matter of separate agreement and not in lieu of salary or other compensation for services rendered, the right and option (the "Option") to purchase all or any part of an aggregate of ______________ shares of Common Stock (the "Shares") at the price of $______ (______) Common Sharesper share on the terms and conditions set forth in this Agreement. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is not intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 within the meaning of the Internal Revenue Code of 1986, as amended (the "Code")amended.
Appears in 1 contract Stock Incentive Plan (Fuller H B Co),
Grant of Option. The Company hereby grants to the Optionee the right and Employee an option (the "Option") to purchase all or any part of an aggregate of ___________________ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to Shares on the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreementset forth herein. The Option granted hereunder is intended to be a nonqualified stock option (shall not constitute an "NQSO") and not an incentive stock option ("ISO") as such term is defined in section option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Grant of Option. The This certificate evidences the grant by the Company hereby grants on ________, _____ to the Optionee Participant of an option to purchase, in whole or in part, on the right and option terms herein provided, a total of ________ shares of common stock of the Company (the "Option"Shares) at $____ per Share. The last date on which this option may be exercised is ________ (the Final Exercise Date). To the extent available, the option evidenced by this certificate shall be an incentive stock option as defined in Section 422 of the Internal Revenue Code of 1986, as amended from time to purchase all time. Subject to earlier termination as provided herein or any part of an aggregate of in the Plan, this option is exercisable in the following installments prior to the Final Exercise Date: ___________________ (______) Common Shares_. The Option is in all respects limited and conditioned as hereinafter provided, and is subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent however, that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by reference, made a part hereof, and shall control in the event of any conflict with any other terms of this Option Agreementa Change in Control. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code Company (as defined below), then immediately prior to the consummation of 1986such Change in Control, any of the Shares which remain unexercisable at such time shall become vested and exercisable, on a basis that gives the Participant an opportunity, as amended determined by the Companys board of directors, to participate as a stockholder in the Change of Control transaction following exercise. Change in Control shall mean (i) the "Code")sale or transfer of all or substantially all of the Companys assets, (ii) a reorganization, recapitalization, consolidation or merger where the voting securities of the Company outstanding immediately preceding such transaction, or the voting securities issued in exchange for or with respect to the voting securities of the Company outstanding immediately preceding such transaction, represent 50% or less of the voting power of the surviving entity following the transaction, or (iii) a transaction or series of related transactions which results in the acquisition of more than 50% of the Companys outstanding voting power by a single person or entity or by a group of persons and/or entities acting in concert; provided, that a transaction solely for the purpose of reorganizing the Company into a holding company structure or reincorporating the Company in another jurisdiction shall not constitute a Change in Control.
Grant of Option. The Company hereby grants Pursuant to the Optionee the right and option (the "Option") to purchase all or any part of an aggregate Plan, effective as of ___________ _______, 20__ (______) Common Shares. The Option is in all respects limited and conditioned as hereinafter providedthe Grant Date), and is BB&T grants to the Participant, subject in all respects to the terms and conditions of the Plan now in effect and as it may be amended from time to time (but only to the extent that such amendments apply to outstanding options). Such terms and conditions are incorporated herein by referenceherein, made the right and option (the Option) to purchase from BB&T all or any part of an aggregate of <> shares (the Shares) of Common Stock at a part hereofpurchase price (the Option Price) of $_______ per share, and shall control in such Option Price being the event Fair Market Value per share of any conflict with any other terms of this Common Stock on the Grant Date. This Option Agreement. The is designated as a Nonqualified Option granted hereunder and, as such, is not intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). Such Option will be vested and exercisable as hereinafter provided.
Grant of Option. The Company hereby grants to Optionee, subject to all the Optionee terms and provisions of the right 2007 Stock Compensation Plan, as such Plan may be hereinafter amended, a copy of which is attached hereto and incorporated herein by this reference (the "Plan"), the right, privilege and option (the "Option") to purchase all or any part of an aggregate of __________ shares of its common stock ("Stock") at __________ (______) Common Shares. The Option is per share, in all respects limited the manner and conditioned as hereinafter provided, and is subject in all respects to the terms conditions provided hereinafter and conditions of in the Plan now in effect and as it may be amended from time to time (but only to the extent that such any amendments apply to outstanding options). Such terms thereto and conditions are incorporated herein by reference, made a part hereof, any rules and shall control in the event of any conflict with any other terms of this Option Agreement. The Option granted hereunder is intended to be a nonqualified stock option ("NQSO") and not an incentive stock option ("ISO") as such term is defined in section 422 of the Internal Revenue Code of 1986, as amended (the "Code")regulations thereunder.