Option Plan. This Option is subject to certain additional terms and ----------- conditions set forth in the Plan pursuant to which this Option has been issued. Optionee acknowledges receipt of a copy of the Plan on file with the Secretary of the Company and, by acceptance hereof, agrees to and accepts this Option subject to the terms of the Plan. Except as otherwise defined herein, defined terms used in this Agreement shall have the meaning ascribed thereto in the Plan.
Option Plan. This Option is granted under the Plan and is subject to the terms and conditions set forth in the Plan. In the event any of the provisions hereof conflict with or are inconsistent with the provisions of the Plan, the provisions of the Plan shall be controlling.
Option Plan. The Shares are granted to Purchaser pursuant to the Company 2015 Incentive Share Option Plan (the “Plan”). Purchaser agrees that the terms and conditions of the Plan shall, to the extent applicable, apply to the Shares.
Option Plan. This Option is granted as a non-qualified stock option under the Plan, and is not intended to qualify as an incentive stock option, as that term is used in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). This means that, at the time Director exercises all or any portion of this Option, Director will have taxable income equal to any positive difference between the market value of the Common Stock at the date of the exercise and the option exercise price paid for the Common Stock under this Option as shown in Section 1 of this Agreement. The Director hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions thereof, which are incorporated herein by reference and made a part hereof. The terms of this Agreement are governed by the terms of the Plan, and in the case of any inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall govern. Terms not otherwise defined herein shall have the meanings given them in the Plan.
Option Plan. The terms of the Option and the rights and responsibilities of the parties hereto shall be governed by the Option Plan. In the event of any inconsistency between the terms of the Agreement and the Option Plan, the terms of the Option Plan shall control.
Option Plan. This Option is granted as a non-qualified stock option under the Plan, and is not intended to qualify as an incentive stock option, as that term is used in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). This means that, at the time Colleague exercises all or any portion of this Option, Colleague will have taxable income equal to any positive difference between the market value of the Common Stock at the date of the exercise and the option exercise price paid for the Common Stock under this Option as shown in Section 1 of this Agreement. This Option is subject to the terms and conditions set forth in the Plan. In the event any of the provisions in this Agreement conflict with or are inconsistent with the provisions of the Plan, the provisions of the Plan shall be controlling.
Option Plan. This Option is subject to certain additional terms and conditions set forth in the Amended 1994 Stock Plan pursuant to which this Option has been issued. A copy of the Plan is on file with the Secretary of the Company and by acceptance hereof Optionee agrees to and accepts this Option subject to the terms of the Plan. Any capitalized terms in this Agreement that are not defined herein shall have the meaning set forth in the Plan.
Option Plan. The District will not be obligated to provide health insurance coverage if it would result in more than one health insurance plan for a family unit. If the bargaining unit member's spouse is also an employee of the District, the bargaining unit member shall designate who is to be the carrier of health insurance. Employees receiving generally comparable insurance coverage through a spouse employed by the District shall not be eligible for insurance coverage provided by the District. There shall be no double coverage provided by the District.
Option Plan. The Executive shall participate in that certain TCC Industries, Inc. 1997 Incentive and Performance Stock Option Plan adopted by the Employer (the "Option Plan"). The Executive's participation under the Option Plan shall be in accordance with the plan and the stock grants to the Executive made thereunder.
Option Plan. The employees and the directors of the Company shall have consented to the transactions contemplated in Section 2.5.
