Grant of the Stock Option. The Company grants to the Participant on the date set forth above (the “Date of Grant”) an option (the “Stock Option”) to purchase, pursuant to and subject to the terms set forth in this Agreement and in the Plan, up to the number of shares of Stock set forth above (the “Shares”) with an exercise price per Share as set forth above, in each case, subject to adjustment pursuant to Section 7 of the Plan in respect of transactions occurring after the date hereof. The Stock Option evidenced by this Agreement is a non-statutory option (that is, an option that is not intended to qualify as an ISO) and is granted to the Participant in connection with the Participant’s Employment.
Grant of the Stock Option. Erin Mills hereby grants to the Company the right and option xx xxxxxxhase, on the terms and conditions hereinafter set forth, 19,378,517 of the Shares (subject to adjustment as provided in Section 9 hereof, the "Stock Option"). The purchase price for the Shares shall be equal to $0.01 for every 1,000 Shares acquired by the Company (the "Exercise Price"), for an aggregate Exercise Price of $193.79.
Grant of the Stock Option. Exxx Xxxxx hereby grants to the Company the right and option to repurchase, on the terms and conditions hereinafter set forth, 19,378,517 of the Shares (subject to adjustment as provided in Section 9 hereof, the “Stock Option”). The purchase price for the Shares shall be equal to $0.01 for every 1,000 Shares acquired by the Company (the “Exercise Price”), for an aggregate Exercise Price of $193.79.
Grant of the Stock Option. The Company grants to the Participant on the date set forth above (the “Date of Grant”) an option (the “Stock Option”) to purchase, pursuant to and subject to the terms set forth in this Agreement and in the Plan, up to the number of shares of Stock set forth above (the “Shares”) with an exercise price per Share as set forth above, in each case, subject to adjustment pursuant to Section 7 of the Plan in respect of transactions occurring after the date hereof. The Stock Option evidenced by this Agreement is intended to be treated as an ISO to the maximum extent provided under the Code. To the extent the Stock Option does not qualify as an ISO, the Stock Option will be treated as an NSO. The Participant acknowledges and agrees that the Administrator may take any action permitted under the Plan without regard to the effect any such action or actions may have on the status of the Stock Option as a ISO and that such action or actions may cause the Stock Option to fail to be treated as an ISO. To the extent that the aggregate Fair Market Value (determined at the time of grant) of the Shares subject to the Stock Option and all other ISOs the Participant holds that are exercisable for the first time during any calendar year (under all plans of the Company and its subsidiaries) exceeds $100,000, the stock options held by the Participant or portions thereof that exceed such limit (according to the order in which they were granted in accordance with Section 422) will be treated as NSOs.
Grant of the Stock Option. Under the terms and conditions hereof, the Company hereby grants to Optionee an option to purchase 1,000,000 shares of the Company's Common Stock at an exercise price of $4.96 per share (the "Stock Option"). The Stock Option may be exercised by the Optionee, in whole or in part at any time after, and to the extent, it is or becomes vested as provided in Section 3 below. In no event may the Stock Option granted hereunder be exercised, in whole or in part, after the expiration of the term described in Section 8.
