Common use of Grant of the Option Clause in Contracts

Grant of the Option. The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 Shares, subject to adjustment as set forth in the Plan. The Option Price shall be $55.00, which the Parties agree is not less than the fair market value of a Share as of the date hereof.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Education Management LLC), Nonqualified Stock Option Agreement (Education Management LLC)

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Grant of the Option. The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 68,421 Shares, subject to adjustment as set forth in the Plan. The Option Price shall be $55.0050.00, which the Parties agree is not less than the fair market value of a Share as of the date hereof.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Brown Mackie Holding CO), Nonqualified Stock Option Agreement (Brown Mackie Holding CO)

Grant of the Option. The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 282,101 Shares, subject to adjustment as set forth in the Plan. The Option Price shall be $55.00, which the Parties agree is not less than the fair market value of a Share as of the date hereof.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Education Management LLC), Nonqualified Stock Option Agreement (Education Management LLC)

Grant of the Option. The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 SharesShares (the ‘‘Option’’), subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option Price shall be $55.0027.28 per Share (the ‘‘Option Price’’). The Option is intended to be a non-qualified share option, which the Parties agree and is not less than the fair market value of a Share intended to be treated as an option that complies with Section 422 of the date hereofCode.

Appears in 1 contract

Samples: Nonqualified Share Option Agreement (Aspen Insurance Holdings LTD)

Grant of the Option. The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 34.0438 Shares, subject to adjustment as set forth in the Plan. The Option Price shall be $55.008,812.18, which the Parties Company and the Participant agree is not less than the fair market value Fair Market Value of a Share the Shares as of the date hereof.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (South Texas Supply Company, Inc.)

Grant of the Option. The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 171,052 Shares, subject to adjustment as set forth in the Plan. The Option Price shall be $55.0050.00, which the Parties agree is not less than the fair market value of a Share as of the date hereof.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Brown Mackie Holding CO)

Grant of the Option. The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 171,053 Shares, subject to adjustment as set forth in the Plan. The Option Price shall be $55.0050.00, which the Parties agree is not less than the fair market value of a Share as of the date hereof.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Brown Mackie Holding CO)

Grant of the Option. The Company hereby grants to the Participant the right and option (the "Option") to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 360,000 Common Shares, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option Price shall be $55.00, which 18.30 per Share (the Parties agree is not less than the fair market value of a Share as of the date hereof"Exercise Price").

Appears in 1 contract

Samples: Award Agreement (Penn Traffic Co)

Grant of the Option. The Company hereby grants to the Participant the right and option (the "Option") to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 130,000 Common Shares, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option Price shall be $55.00, which 18.30 per Share (the Parties agree is not less than the fair market value of a Share as of the date hereof"Exercise Price").

Appears in 1 contract

Samples: Award Agreement (Penn Traffic Co)

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Grant of the Option. The Company hereby grants to the Participant the right and option (the "Option") to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 87,000 Common Shares, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option Price shall be $55.00, which 18.30 per Share (the Parties agree is not less than the fair market value of a Share as of the date hereof"Exercise Price").

Appears in 1 contract

Samples: Award Agreement (Penn Traffic Co)

Grant of the Option. The Company hereby grants to the Participant the right and option (the "Option") to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 240,000 Common Shares, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option Price shall be $55.00, which 18.30 per Share (the Parties agree is not less than the fair market value of a Share as of the date hereof"Exercise Price").

Appears in 1 contract

Samples: Award Agreement (Penn Traffic Co)

Grant of the Option. The Company hereby grants to the Participant the right and option (the "Option") to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 240,000 Common Shares, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option Price shall be $55.00, which 8.75 per Share (the Parties agree is not less than the fair market value of a Share as of the date hereof"Exercise Price").

Appears in 1 contract

Samples: Award Agreement (Penn Traffic Co)

Grant of the Option. The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 3,517.8582 Shares, subject to adjustment as set forth in the Plan. The Option Price shall be $55.008,812.18, which the Parties Company and the Participant agree is not less than the fair market value Fair Market Value of a Share the Shares as of the date hereof.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (McJunkin Red Man Holding Corp)

Grant of the Option. The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of 282,102 8,741 Shares, subject to adjustment as set forth in the Plan. The Option Price shall be $55.0011.44 USD, which the Parties Company and the Participant agree is not less than the fair market value Fair Market Value of a Share the Shares as of the date hereof.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (South Texas Supply Company, Inc.)

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