Other Option Terms. The Option has been granted pursuant to the Plan, and the terms and conditions of the Plan are incorporated by reference in this Agreement as though set forth herein in their entirety.
Other Option Terms. The other terms of each option granted pursuant to this Section 11 shall be as follows:
Other Option Terms. Both the Initial Option and the Performance Options (collectively, the “Options”) will be subject to the terms and conditions specified in this Section 4(c)(iii). The Options will be granted with a per share exercise price equal to the closing sales price of a common share of the Company as reported on the NASDAQ Stock Market on the trading day prior to the applicable date of grant. The Options will have ten year terms unless they expire earlier in connection with a change of control of the Company or Executive’s termination of service to the Company. The Options will be granted under the Company’s 2006 Equity Incentive Plan, as may be amended from time to time (the “Stock Plan”), and will be subject to the further terms and conditions of the Stock Plan and the stock option agreements to be entered into between Executive and the Company. The Options will be intended to qualify as “incentive stock options” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), to the maximum extent possible within the limitations of the Code.
Other Option Terms. The stock options originally granted by RPP Inc. and RSM Inc. shall otherwise continue in accordance with their respective terms and conditions, subject only to the express vesting modifications set forth in this Section 4.f. Without limiting the generality of the preceding sentence, any stock options originally granted by RPP Inc. and RSM Inc. shall continue to be subject to the limited post-termination of employment exercise period(s) set forth in the applicable stock option agreements; provided that as to any stock options that vest pursuant to Section 4.f(ii) after the date Executive’s employment by the Company terminates, such post-termination of employment exercise period(s) shall be deemed to commence as of the vesting date of such options.
Other Option Terms. The exercise price per share of each option granted under this Subsection (d) shall be equal to the fair market value per share of the Company's Common Stock on the date of grant. The term of each such option shall be 10 years, provided that each such option may expire earlier if the Employee's Employment terminates, but not less than (A) 3 months after the termination of his Employment for any reason other than death or disability; (B) 12 months after termination of his Employment because of death; and (C) 6 months after termination of his Employment because of his total and permanent disability. All share numbers set forth in this Subsection (d) shall automatically be adjusted to reflect stock splits, stock dividends, reverse stock splits, and similar events.
Other Option Terms. The Option has been granted pursuant to the Plan, and the terms and conditions of the Plan are incorporated by reference in this Agreement as though set forth herein in their entirety. The Option is a "Non-Statutory Stock Option" as defined in the Plan. If your relationship with the Corporation (or a Subsidiary) terminates for a reason other than death, voluntary termination with the written consent of the Corporation (or a Subsidiary) or involuntary termination without cause, the Option shall terminate immediately. If your relationship with the Corporation terminates because of death, voluntary termination with written consent of the Corporation (or a Subsidiary) or involuntary termination without cause, the Option shall be exercisable to the extent permitted by Section 7 of the Plan; provided, however, that if you engage in the operation or management of a business (whether as owner, partner, officer, director, employee or otherwise) which is in competition with the Corporation (or a Subsidiary), the Administrator in its sole discretion may immediately terminate the Option. Subject to the foregoing and the provisions of the Plan, the Option may be exercised at your election, in whole or in part, at any time prior to its expiration. The Option may be exercised by (a) delivery of written notice to the Corporation setting forth your election to exercise and the number of shares of Common Stock to be purchased and (b) payment of the purchase price for the shares to be purchased. The notice must be dated and signed by the person exercising the Option. If the Option is exercised by someone other than you, the notice must be accompanied by proof, satisfactory to the Administrator, of the right of such person(s) to exercise the Option under the Plan. The date of exercise of the Option is the date on which the notice of exercise, proof of right to exercise (if required) and payment of the exercise price are received by the Corporation at its principal executive office, to the attention of the Corporation's Secretary. As of the date of exercise, you will be considered by the Corporation for all purposes to be the owner of the shares of Common Stock purchased, subject to the terms set forth in this Agreement.
Other Option Terms. Both the Initial Option and Second Option (collectively, “Both Options”) shall also be subject to the terms and conditions specified in this Section 3(c). Both Options have ten year terms unless they expire earlier in connection with your termination of service to the Company. Both Options were granted under the Company’s 1999 Stock Plan, as may be amended from time to time (the “Stock Plan”). Both Options are subject to the further terms and conditions of the Stock Plan, the stock option agreements and restricted stock purchase agreements, if applicable, to be entered into between you and the Company.
Other Option Terms. Except as specifically set forth herein, on or before the Expiration Date, the Option for Vested Shares may be exercised in whole or in part at any time and from time to time. The Option may be The option price upon exercise of all or part of the Option must be paid in full in United States Dollars in cash (by check, bank draft and money order). The date of exercise of the Option is the date on which the notice of exercise, proof of right to exercise (if required) and payment in full for the Shares to be purchased are received by the Company at its office located at 507 Xxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxxxx 00000, xx the attention of the Company's Corporate Secretary. As of the date of exercise, you will be considered by the Company for all purposes to be the owner of the Shares purchased, subject to the terms set forth in this Agreement.
Other Option Terms. The Option shall be subject to the terms and conditions specified in this Section 4(b). The Option shall have a ten year term. Subject to the ten year term, the vested portion of the Option can be exercised at any time by you (or by your heirs or beneficiaries if applicable) while you are providing service to the Company (or any Company affiliate) and, except if your employment is terminated for Cause (as described below), through the date that is twelve months after you cease to render service to the Company (or any Company affiliate). If your employment is terminated pursuant to Section 11(a) below between the period commencing six months prior to a Change in Control (as defined below in Section 4(c)) and extending through the date that is twelve months after the Change in Control, the Option (and any other unvested Company compensatory equity awards that you then hold) shall become fully vested and immediately exercisable as of the date of termination of employment.
