Option Stock. Option Stock" shall mean the total number of shares of Stock the Optionee shall be entitled to purchase pursuant to this Agreement, which number of shares is set forth on the Notice of Grant.
Option Stock. Except as otherwise herein provided, the provisions of the Stock Option Agreement shall apply to the Options which are the subject of this Amendment. Shares and per share amounts set forth above have been adjusted to reflect the three-for-two stock split in 1996.
Option Stock. Option Stock" shall mean the shares of Common Stock received upon the exercise of the Option.
Option Stock. In addition, on the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Selling Shareholder hereby grants an option to the Underwriters to purchase, severally and not jointly, up to an additional 1,350,000 shares of Common Stock, at the price per share set forth in Schedule A. The option hereby granted may be exercised for 30 days after the date hereof and may be exercised in whole or in part at any time upon notice by the Representatives to Selling Shareholder the setting forth the number of shares of Option Stock as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Stock. Such time and date of delivery (the “Date of Delivery”) shall be determined by the Representatives, but shall not be sooner than three full business days nor later than seven full business days after the exercise of said option, nor in any event prior to the Closing Time, provided that there shall not be more than one Date of Delivery in addition to the Closing Time. If the option is exercised as to all or any portion of the Option Stock, each of the Underwriters, acting severally and not jointly, will purchase that proportion of the total number of shares of Option Stock then being purchased which the number of shares of Firm Stock set forth in Schedule A opposite the name of such Underwriter bears to the total number of shares Firm Stock, subject, in each case, to such adjustments as the Representatives in their absolute discretion shall make to eliminate any sales or purchases of fractional shares of Common Stock.
Option Stock. Any shares issued upon the exercise of the Option granted hereby shall be either authorized but unissued or reacquired shares of the Corporation's common stock, par value One Cent ($.01) per share (any such shares issued pursuant to such exercise, hereinafter the "Option Stock").
Option Stock. Option Stock" means 450,000 shares of Common Stock of the Company, as adjusted pursuant to the terms hereof.
Option Stock. The Stock issuable or transferable on exercise of the Options.
Option Stock. As of the Effective Date, the Company shall grant Employee an option to purchase 50,000 shares of Company stock at an exercise price of $13.17 per share. This option shall vest over a four (4) year period, 25% in each year, in four equal annual installments, beginning on the first anniversary of the Effective Date, provided Employee is still employed by the Company on each such anniversary date.
Option Stock. In addition, on the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Selling Stockholder hereby grants to the Underwriters an option to purchase up to 473,250 shares of Option Stock. Such option is exercisable in the event that the Underwriters sell more shares of Common Stock than the number of shares of Firm Stock in the offering and as set forth in Section 5 hereof. Each Underwriter agrees, severally and not jointly, to purchase the number of shares of Option Stock (subject to such adjustments to eliminate fractional shares as the Representative may determine) that bears the same proportion to the total number of shares of Option Stock to be sold on such Delivery Date (as defined below) as the number of shares of Firm Stock set forth in Schedule I hereto opposite the name of such Underwriter bears to the total number of shares of Firm Stock. The purchase price (the “Purchase Price”) payable by the Underwriters for both the Firm Stock and any Option Stock is $30.82825 per share. The Company is not obligated to deliver any of the Firm Stock and the Selling Stockholder is not obligated to deliver any of the Option Stock to be delivered on the applicable Delivery Date, except upon payment for all such Stock to be purchased on such Delivery Date as provided herein.
Option Stock. Notwithstanding the provisions of Section 7.6 hereof, the Company may issue up to an aggregate of the reserved 55,400 shares of Common Stock to its employees and non-employee directors by stock awards or stock option grants pursuant to one or more stock option or stock incentive plans ("Stock Option Plans") established by the Company and approved by the Board of Directors (the "Option Stock"). Stock options and stock awards issuable pursuant to such Stock Option Plans shall provide for the following vesting periods:
