Company Stock Option. Section 2.14(a) ............
Company Stock Option. 1.4(a) Company Stock Option Plans..............................................1.4(a) Company Stockholder Approval...............................................3.2
Company Stock Option. Subject to the terms and conditions set forth in this Agreement, the Stockholder hereby grants to the Company an option (the "Company Option") to purchase from the Stockholder at any time, from and after the date hereof, all of the shares (the "Shares") of Common Stock then outstanding at an aggregate purchase price equal to the fair market value of the Shares as determined by agreement between the Company and the Stockholder, but in no event an amount greater than $100,000 (the "Company Exercise Price"). The Stockholder hereby acknowledges and agrees that the Company has superior knowledge and experience with respect to the fair market value of the equity of medical practices which have entered into operating agreements similar to the Operating Agreement. In the event that the Company and the Stockholder are, after good faith negotiation, unable to agree upon the fair market value of the Shares, the Stockholder hereby agrees that the Company, in its sole discretion, shall determine fair market value. The Company shall make such determination in good faith and based on its knowledge and experience.
Company Stock Option. Subject to the terms and conditions set forth in this Agreement, the Stockholder hereby grants to the Company an option (the "Company
Company Stock Option. Prior to the Effective Time, the Company shall take all action required to (i) terminate no later than the Effective Time the Company's 1993 Incentive and Non-Incentive Stock Option Plan (as amended, the "1993 Plan") and 1996 Non-Incentive Executive Stock Option Plan (as amended, the "1996 Plan" and together with the 1993 Plan, the "Stock Option Plans"); (ii) adjust all outstanding options granted under the Stock Option Plans so that from and after the Effective Time, each such option shall represent the right to receive, upon payment of the exercise price thereof, the Merger Consideration payable per share of Common Stock with respect to each share of Common Stock subject to such option and (iii) terminate no later than the Effective Time all outstanding options to purchase shares of Company Common Stock granted under the Stock Option Plans. The Company will use its best efforts to obtain the consent of affected optionholders to the termination of all options granted under the Stock Option Plans as set forth in this Section 1.6(d).
Company Stock Option. Article X
Company Stock Option. Section 5.6(a) Company Stock Plan........................................... Section 5.6(a) Confidentiality Agreement.................................... Section 12
Company Stock Option. Notwithstanding the consummation of the Merger, the Company granted to Executive on March 8, 1998, a non-qualified employee stock option to purchase 70,000 shares of common stock of the Company, par value $.01 per share (the "Company Stock Option"). The Company Stock Option was granted at an exercise price equal to $37.00. The Company Stock Option was granted with a 10-year term and shall be exercisable as to 100% of the shares covered thereby on the tenth anniversary of the date of grant so long as Executive remains employed by the Company or one of its affiliates; provided, that, if the Merger is consummated, the Company Stock Option shall be exercisable to the extent of 33 1/3% of the shares covered thereby on each of the first three anniversaries of the Effective Date, so long as Executive remains employed by the Company or one of its affiliates. Upon termination of Executive's employment, vesting and exercisability of the Company Stock Option shall be governed by the terms of the stock option agreement and this Agreement, as applicable. During the Employment Period, Executive shall be eligible for future employee stock option grants on the same basis as other senior management of the Company.
Company Stock Option. 3.08(a) Company Subsidiary Securities.................................................................4.06(b) Confidentiality Agreement........................................................................6.02
Company Stock Option. The Company has granted to Executive, on the Commencement Date, (i) a stock option to purchase 425,750 shares of the common stock of the Company, par value $2.50 per share (the "Company Stock"), at an exercise price of $9.7188 per share, pursuant to the Company's 1990 Stock Option Plan, (ii) a stock option to purchase 100,000 shares of Company Stock at an exercise price of $10.0625 per share, pursuant to the Company's 1996 Stock Incentive Plan, and (iii) a stock option to purchase 274,250 shares of Company Stock at an exercise price of $9.7188 per share, pursuant to the Company's Stock Incentive Plan (the "New Plan"), subject to the receipt of approval of the New Plan by the shareholders of the Company (collectively, the "Company Options"). The Company shall, at the next annual meeting of the shareholders of the Company following the Commencement Date, submit the New Plan, together with the Company's recommendation that its shareholders approve the New Plan, to its shareholders for their approval and shall use its reasonable efforts to obtain such shareholder approval. Each of the Company Options has a scheduled 10-year term and, subject to the terms of the applicable stock option agreements between the Company and Executive, shall vest and become exercisable (i) with respect to 25% of the shares of Company Stock subject to such Company Options on each of the first four anniversaries of the Commencement Date and (ii) upon the occurrence of a Change of Control (as such term is defined in that certain Change of Control Employment Agreement, dated as of the date of this Agreement, between the Company and Executive) with respect to 100% of the Company Stock subject to Company Options.
