Option Grant. The Company hereby grants to the Optionee on the terms and conditions of this Agreement the right and the option (the “Option”) to purchase all or any part of shares of the Company’s Common Stock at a purchase price of $ per share. The terms and conditions of the Option grant set forth in attached Exhibit A are hereby incorporated into and made a part of this Agreement. The Option is intended to be an Incentive Stock Option, as defined in Section 422A of the Internal Revenue Code of 1986, as amended (the “Code”).
Option Grant. The Company and the Optionee hereby agree to be bound by the terms of this Agreement with respect to the grant made by the Company's Board of Directors on February 24, 1999 of an option to purchase an aggregate of 20,000 shares of the common stock, $.0001 par value per share, of the Company ("Common Stock") at an exercise price of $2.00 per share, being equal to the fair market value of such shares of Common Stock on the date of such grant (the "Option"). This Option is not intended to constitute an "incentive stock option" (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended).
Option Grant. On the fifth business day following the date that AESC obtains authorization under the Public Utilities Holding Company Act of 1935 (the “Authorization Date”), AESC shall grant the Executive stock options (the “Options”) for 1,500,000 shares of AEI Common Stock under the Allegheny Energy, Inc. 1998 Long-Term Incentive Plan (the “LTIP”) at a per share exercise price equal to the per share closing price of AEI Common Stock on the date of grant, as quoted in the NYSE Composite Transaction Listing in The Wall Street Journal. Such grant shall be evidenced by an award agreement substantially in the form of Exhibit A.”
Option Grant. Subject to the terms of this Agreement and the Plan, the Company grants to the Optionee an option to purchase a total of (# ) (number) shares of Common Stock of the Company at a price of (price) per share (100% of the Fair Market Value of the shares on the date of grant). This option is not intended to qualify as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.
Option Grant. Effective as of the Effective Date, pursuant to a stock option agreement, Executive will be awarded an option to purchase Seven Hundred Twenty-Five Thousand (725,000) shares of Avid Technology, Inc. common stock (the “Stock Option”). The exercise price will be the closing price of the stock on the Effective Date (the “Start Price”).
Option Grant. The Company hereby grants to the Director the Option to purchase 385 shares of Common Stock (“Option Shares”), at a price per share of $475.00 per share (the “Option Price”). The Option Price and the number of Option Shares will be equitably adjusted for any stock split, stock dividend or reclassification or recapitalization of the Common Stock which occurs subsequent to the date of this Agreement. The Option will expire on the earliest to occur of the following dates (such earliest date is referred to as the “Expiration Date”): (A) the tenth anniversary of the date of the Plan, (B) thirty (30) days after the effective date upon which the Director ceases to be a member of the Board for any reason (such date is referred to herein as the “Termination Date”) (provided that, if Director ceases to be a member of the Board by reason of Director’s death, such period shall be 120 days after the date of such cessation), or (C) the date of consummation of a Sale of the Company in accordance with Section 1(a)(iii)(B) below. The Option is not intended to be an “incentive stock option” within the meaning of Section 422 of the Code.
Option Grant. The Company hereby grants to the Optionee an option (the "Option") to purchase the number of shares of the Company's common stock (the "Shares"), for an exercise price per share (the "Option Price") and based upon a Grant Date, all as set forth below: Shares under option: 100,000 Option Price per Share: $0.875 Grant Date: January 31, 1997 The Option will be subject to all of the terms and conditions set forth herein and in the Company's 1997 Restricted Stock Plan (the "Option Plan"), a copy of which is attached hereto and incorporated by reference. The Option granted hereunder will be a nonstatutory or nonqualified option for tax purposes.
Option Grant. Subject to the provisions hereinafter set forth and the terms and conditions of the Plan, the Company hereby grants to the Optionee, as of «grant date» (the “Grant Date”), the right, privilege and option (the “Option”) to purchase all or any part of an aggregate of «amount of option» shares (the “Shares”) of common stock of the Company, par value $0.0001 per share (the “Common Stock”), such number being subject to adjustment as provided in the Plan. To the extent applicable, this Option is intended to qualify as an “incentive stock option” (“ISO”) within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), to the extent permitted under Section 422 of the Code.