Common use of Terms of the Options Clause in Contracts

Terms of the Options. The Company hereby grants to Executive, as of the date hereof, an option (the "Option") to purchase up to 479.74 units of the Company's Preferred Units at the exercise price of $402.365 per Option Unit (the "Exercise Price"), subject to the terms and conditions set forth herein. All rights of the Executive as the holder of the Options issued hereunder shall be solely determined by the provisions of this Agreement. The Executive's Options will expire as provided in Section 3 hereof.

Appears in 3 contracts

Samples: Preferred Unit Replacement Iso Option Agreement (Sleepmaster LLC), Preferred Unit Replacement Iso Option Agreement (Sleepmaster LLC), Preferred Unit Replacement Iso Option Agreement (Sleepmaster LLC)

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Terms of the Options. The Company hereby grants to Executive, as of the date hereof, an option (the "Option") to purchase up to 479.74 95.84 units of the Company's Preferred Units Class C Common at the exercise price of $402.365 64.134 per Option Unit (the "Exercise Price"), subject to the terms and conditions set forth herein. All rights of the Executive as the holder of the Options issued hereunder shall be solely determined by the provisions of this Agreement. The Executive's Options will expire as provided in Section 3 hereof.

Appears in 2 contracts

Samples: Common Unit Replacement Iso Option Agreement (Sleepmaster LLC), Common Unit Replacement Iso Option Agreement (Sleepmaster LLC)

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Terms of the Options. The Company hereby grants to Executive, as of the date hereof, an option (the "Option") to purchase up to 479.74 units of the Company's Preferred Units at the exercise price of $402.365 per Option Unit (the "Exercise Price"), subject to the terms and conditions set forth herein. All rights of the Executive as the holder of the Options issued hereunder shall be solely determined by the provisions of this Agreement. The Executive's Options will expire as provided in Section 3 hereof.issued

Appears in 1 contract

Samples: Preferred Unit Replacement Iso Option Agreement (Sleepmaster LLC)

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