1934 Uses in Exercise Price Clause

Exercise Price from Stock Incentive Plan

Exercise Price. The Board shall establish the exercise price of each Option and specify the exercise price in the applicable Option agreement. The exercise price shall be not less than 100% of the fair market value per share of Common Stock, as determined by (or in a manner approved by) the Board (Fair Market Value), on the date the Option is granted. Fair Market Value of a share of Common Stock for purposes of the Plan will be determined as follows: