Option Provisions. Each Option granted under the Plan shall be evidenced by an Award Agreement. Each Option so granted shall be subject to the conditions set forth in this Section 6, and to such other conditions not inconsistent with the Plan as may be reflected in the applicable Award Agreement. All Options shall be separately designated Incentive Stock Options or Non-qualified Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased on exercise of each type of Option. Notwithstanding the foregoing, the Company shall have no liability to any Participant or any other person if an Option designated as an Incentive Stock Option fails to qualify as such at any time or if an Option is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the terms of such Option do not satisfy the requirements of Section 409A of the Code. The provisions of separate Options need not be identical, but each Option shall include (through incorporation of provisions hereof by reference in the Option or otherwise) the substance of each of the following provisions:
Option Provisions. The Option shall be granted under the Stock ----------------- Option Plan and shall be subject to the terms and conditions (including vesting) of the Stock Option Plan and Employee's option agreement. The Stock Option Plan may be modified from time to time by the Company's Board of Directors. Notwithstanding the foregoing, the Company's Board of Directors may, in its discretion, grant the Option outside of the Stock Option Plan, and any such Options shall include such other terms as the Board of Directors may specify.
Option Provisions. Each Option shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. All Options shall be separately designated Incentive Stock Options or Nonstatutory Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased on exercise of each type of Option. The provisions of separate Options need not be identical, but each Option shall include (through incorporation of provisions hereof by reference in the Option or otherwise) the substance of each of the following provisions:
Option Provisions. The Stock Option will be granted under the 1993 Stock Option Plan (the "Stock Plan") and will be subject to the terms and conditions of the Stock Plan and form of option agreement.
Option Provisions. Each Option shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The provisions of separate Options need not be identical, but each Option shall include (through incorporation of provisions hereof by reference in the Option or otherwise) the substance of each of the following provisions:
Option Provisions. This Nonstatutory Stock Option Agreement is subject to the approval of the Corporation's stockholders. Options granted hereunder are granted in consideration for the Optionee's future services as President and/or Chief Executive Officer. No other office shall be eligible for Options under this plan. Notwithstanding the foregoing, this Nonstatutory Stock Option Agreement is not an employment contract and nothing in this option shall be deemed to create in any way whatsoever any obligation on Optionee's part to continue in the employ of the Corporation, or of the Corporation to continue Optionee's employment with the Corporation.
Option Provisions. The Option shall be granted under the July 1, 1999 Stock Option Plan (the "Stock Plan") and, except as expressly provided otherwise in this paragraph 6, shall be subject to the terms and conditions of the Stock Plan and form of option agreement; provided, however, that the Company's Board of Directors may, in its discretion, grant the Option and/or any additional option(s), if any, outside of the Stock Plan, and any such Options shall include such other terms as the Board of Directors may specify that are not inconsistent with the terms hereof. The Option will expire on the first to occur of: (i) in the event the Executive's employment terminates by reason of the Executive's death or by the Company as a result of the Executive's Disability, twelve (12) months from the date of such termination; (ii) in the event the Executive terminates his employment for Good Reason, or in the event the Company terminates the Executive's employment other than for Cause, twelve (12) months from the date of such termination; (iii) in the event the Executive resigns (other than for Good Reason) or is terminated by the Company for Cause, ninety (90) days after the date of such resignation or termination; or (iv) ten (10) years from the date of grant of each such Option.
Option Provisions. Each option granted under the Plan shall be subject to the following terms and conditions:
Option Provisions. The Executive Options shall be granted under the Company's 1996 Stock Option Plan (the "Stock Plan") and, except as expressly provided otherwise in this paragraph 6, shall be subject to the terms and conditions of the Stock Plan and form of option agreement; provided, however, that the Company's Board of Directors may, in its discretion, grant the Executive Options outside of the Stock Plan, and any such option shall include such other terms as the Board of Directors may specify that are not inconsistent with the terms hereof, including (i) the ability to exercise the Executive Options for one (1) year after the termination of the Executive's employment or one (1) year after the death or disability of the Executive and (ii) the ability of the Executive to exercise by cash or full recourse promissory note or a combination thereof all or part of the Executive Options as to both vested and unvested shares upon execution of a stock restriction agreement providing for substantially similar vesting restrictions contained in paragraph 6(b) hereof as to such unvested shares.
Option Provisions. The Option shall be granted under the 1995 ----------------- ---- Stock Option Plan (the "Stock Plan") and, except as expressly provided otherwise ----------------- in this Section 6, shall be subject to the terms and conditions of the Stock Plan and form of option agreement; provided, however, that the Company's Board of Directors may, in its discretion, grant the Option outside of the Stock Plan, and any such Option shall include such other terms as the Board of Directors may specify that are not inconsistent with the terms hereof. The Option will expire (or, in the case of an Early Exercise, the vesting of the Option Shares will cease) on the first to occur of: (i) in the event the Executive's employment terminates for any reason other than upon resignation pursuant to Section 11, ninety (90) days after the date of such termination; (ii) in the event of a resignation pursuant to Section 11; or (iii) ten years from the date of grant of the Option.
