Common use of Option; Number of Shares; Option Price Clause in Contracts

Option; Number of Shares; Option Price. The Option (as defined below) granted hereunder is intended to be a nonstatutory stock option and therefore, shall not qualify as an incentive stock option pursuant to Section 422 of the Internal Revenue Code of 1986, as amended. Employee shall have the right and option to purchase all or any part of an aggregate of [________] shares of $0.01 par value common stock of the Company (“Share(s)”) at the purchase price of $0.79 per Share (the “Option”), which is equal to the Fair Market Value (as defined below) of a Share as of the date of this Agreement. For purposes of this Agreement, the term “Fair Market Value” shall mean, as of any date, the closing price of a Share on the NYSE Amex.

Option; Number of Shares; Option Price. The Option (as defined below) granted hereunder is intended to be a nonstatutory stock option and therefore, shall not qualify as an incentive stock option pursuant to Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Nonstatutory Stock Option”). The Employee shall have the right and option to purchase all or any part of an aggregate of [________] one hundred thousand (100,000) shares of $0.01 par value common stock of the Company (“Share(s)”) at the purchase price of $0.79 1.33 per Share (the “Option”), which is equal to the Fair Market Value (as defined below) of a Share as of the date of this Agreement. For purposes of this Agreement, the term “Fair Market Value” shall mean, as of any date, the closing price of a Share on the NYSE Amex.

Option; Number of Shares; Option Price. The Option (as defined below) granted hereunder is intended to be a nonstatutory stock option and therefore, shall not qualify as an incentive stock option pursuant to Section 422 of the Internal Revenue Code of 1986, as amended. Employee Grantee shall have the right and option to purchase all or any part of an aggregate of [__________] shares of $0.01 par value common stock of the Company (“Share(s)”) at the purchase price of $0.79 1.26 per Share (the “Option”), which is equal to the Fair Market Value (as defined below) of a Share as of the date of this Agreement. For purposes of this Agreement, the term “Fair Market Value” shall mean, as of any date, the closing price of a Share on the NYSE Amex.

Option; Number of Shares; Option Price. The Option (as defined below) granted hereunder is intended to be a nonstatutory stock option and therefore, shall not qualify as an incentive stock option pursuant to Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Nonstatutory Stock Option”). The Employee shall have the right and option to purchase all or any part of an aggregate of [________] four hundred thousand (400,000) shares of $0.01 par value common stock of the Company (“Share(s)”) at the purchase price of $0.79 1.33 per Share (the “Option”), which is equal to the Fair Market Value (as defined below) of a Share as of the date of this Agreement. For purposes of this Agreement, the term “Fair Market Value” shall mean, as of any date, the closing price of a Share on the NYSE Amex.