Award and Exercise Price. The Participant is hereby granted an option (the “Option”) to purchase the number of Covered Shares of Stock at the Exercise Price per share as set forth in Section 1. The Option is not intended to qualify as an “Incentive Stock Option,” as defined in the Plan and in Section 422(b) of the Code.
Award and Exercise Price. This Agreement specifies the terms of the option (the "Option") granted to the Optionee to purchase the number of Option Shares of Common Stock at the Exercise Price per share as set forth in paragraph 1. The Option is not intended to constitute an "incentive stock option" as that term is used in section 422 of the Code.
Award and Exercise Price. The Company hereby grants the Grantee an Option to purchase the number of shares of Stock set forth in the Notice of Grant (such shares of Stock, the “Covered Shares”) at the exercise price per Covered Share set forth in the Notice of Grant (the “Exercise Price”), subject to the terms, conditions and restrictions as set forth in the Plan, this Agreement and the Notice of Grant. The Option is not an Incentive Stock Option.
Award and Exercise Price. This Agreement specifies the terms of the Warrant (the "Warrant") granted to the Participant to purchase the number of Warrant Shares of Stock at the Exercise Price per share as set forth in paragraph 1. The Warrant is not intended to constitute an "incentive stock option" as that term is used in Code section 422.
Award and Exercise Price. This Agreement specifies the terms of the SARs granted to the Participant and the Exercise Price per SAR as set forth in Section 1.
Award and Exercise Price. This Agreement specifies the terms of the option (the "Option") granted to the Participant to purchase the number of Covered Shares of Stock at the Exercise Price per share as set forth in paragraph 1. The Option is intended to constitute an "incentive stock option" as that term is used in Code Section 422. To the extent that the aggregate Fair Market Value (determined at the time of grant) of Shares with respect to which incentive stock options are exercisable for the first time by the Participant during any calendar year under all plans of the Company and its affiliates exceeds $100,000, the options or portions thereof which exceed such limit (according to the reverse order in which they were granted) shall be treated as nonstatutory stock options. It should be understood that there is no assurance that this Option will, in fact, be treated as an incentive stock option.
Award and Exercise Price. The Participant is hereby granted an option (the “Option”) to purchase the number of Covered Shares of Stock at the Exercise Price per share as set forth in Section 1. The Option is intended to qualify as an “Incentive Stock Option,” as defined in the Plan and in Section 422(b) of the Code. To the extent, however, that the aggregate Fair Market Value of Stock (determined at the time of the Grant Date) with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and all Related Companies) exceeds $100,000, such options shall be treated as Non-Qualified Stock Options, to the extent required by Section 422 of the Code.
Award and Exercise Price. Subject to the terms of this Agreement, the Recipient is hereby granted an option (the “Option”) to purchase 75,000 shares of Stock (the “Award”). The price of each share of Stock subject to the Option shall be $11.80 (the “Exercise Price”). The Option is not intended to constitute an “incentive stock option” as that term is used in Code Section 422.
Award and Exercise Price. The Participant is hereby granted an option (the “Option”) to purchase the number of Covered Shares of common stock of the Company, without par value per share (the “Stock”) at the Exercise Price per share as set forth in paragraph 1. The number of Covered Shares and the Exercise Price shall be adjusted in the event of a stock dividend, stock split or similar distribution. The Option is not intended to constitute an “incentive stock option” as that term is used in Code Section 422.
Award and Exercise Price. This Agreement specifies the terms of the option (the "Option") granted to the Participant to purchase the number of Covered Shares of Stock at the Exercise Price per share as set forth in Section 1. The Option is intended to constitute an "incentive stock option" as that term is used in Code section 422, and shall be so construed. To the extent that the aggregate fair market value (determined at the time of grant) of Shares with respect to which incentive stock options are exercisable for the first time by the Participant during any calendar year under all plans of the Company and its affiliates exceeds $100,000, the options or portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as nonstatutory stock options. It should be understood that there is no assurance that the option will, in fact, be treated as an incentive stock option. To the extent an Option is not treated as an incentive stock option, it shall be treated as a nonstatutory stock option.
