Grant of Option and Option Price Sample Clauses

Grant of Option and Option Price. Subject to the terms and conditions hereof, the Company hereby grants to Optionee as of the close of business on the 22nd day of April, 1998, the right, privilege and option to purchase Fifty Thousand (50,000) shares of the Company's common stock, par value $.10, at an option price of $4.1875 a share (the "Exercise Price), such Exercise Price being one hundred percent (100%) of the Fair Market Value of the Common Stock as determined at the close of the business on the 22nd day of April, 1998. Such option is hereinafter referred to as the "Option" and the shares of Common Stock purchasable upon the exercise of the Option are hereinafter sometimes referred to as the "Option Shares".
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Grant of Option and Option Price. Subject to the terms and conditions hereof, the Company hereby grants to Optionee as of the close of business on this the 18th day of December, 1997, the right, privilege and option to purchase 25,000 shares of the Company's common stock, par value $.10, at an option price of $4.125 a share (the "Exercise Price), such Exercise Price being one hundred percent (100%) of the Fair Market Value of the Common Stock as determined at the close of the business on the 18th day of December, 1997. Such option is hereinafter referred to as the "Option" and the shares of Common Stock purchasable upon the exercise of the Option are hereinafter sometimes referred to as the "Option Shares"..
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Grant of Option and Option Price. In consideration of Optionor’s receipt of the Option Fee, Optionor hereby grants the Option to Optionee. The Option shall be exercisable in whole, but not in part, during the Option Period. Optionee shall pay Optionor the Option Fee in immediately available funds within two (2) Business Days after the Opening of Escrow.
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Grant of Option and Option Price. The Company hereby grants to the Employee the right and option (the “Option”) to purchase all or any part of the number of shares of the common stock of the Company (par value of $.01 per share) herein set forth, at the price per share herein set forth, subject to all the restrictions, limitations and other terms and provisions of the Plan and of this Agreement: Number of shares covered by this Option: _______ Price per share for the above shares: $_____
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Grant of Option and Option Price. The Company grants to the Employee the right and option (“Option”) to purchase all or part of the number of shares of the Common Stock of the Company and at the Option price per share specified in the “Notice of Grant of Stock Options” (the “Notice”).
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Grant of Option and Option Price. Subject to the terms and conditions of this Option Agreement, the Company hereby grants to the Optionee as of the close of business on the 7th day of November, 2002, the right, privilege and option to purchase fifty thousand (50,000) shares of the Company's common stock, par value $.10, at an option price of $2.620 a share (the "Exercise Price), such Exercise Price being one hundred percent (100%) of the Fair Market Value (as defined herein) of the Common Stock at the close of the business on the 7th day of November, 2002. Such option is hereinafter referred to as the "Option" and the shares of Common Stock purchasable upon the exercise of the Option are hereinafter sometimes referred to as the "Option Shares". The Option is not an "incentive stock option" as such term is defined under 422 of the Internal Revenue Code of 1986, as amended (the "Code").
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Grant of Option and Option Price. Subject to the provisions of Paragraph 6 hereof, Seller for and in consideration of the sum of One Dollar ($1.00) of lawful money of the United States of America to be paid by Buyer at or before the execution and delivery hereof (hereinafter referred to as the "Option Money") hereby gives and grants to Buyer the irrevocable right and option to purchase the parcels during the Option Period, as said term is hereinafter defined, for a purchase price of Six Million Eight Hundred Fifty Thousand Dollars ($6,850,000) of lawful money of the United States of America, as increased from time to time in the manner provided for hereinafter, (hereinafter referred to as the "Purchase Price") of which One Million Six Hundred Sixteen Thousand Dollars ($1,616,000) is the portion of the Purchase Price allocated to Parcel I-1E (hereinafter referred to as "Parcel I-1E Purchase Price") and One Million Eight Hundred and Thirty Seven Thousand Dollars ($1,837,000) is the portion of the Purchase Price allocated to Parcel I-2E (hereinafter referred to as "Parcel I-2E Purchase Price) (the Parcel I-1E Purchase Price and the Parcel I-2E Purchase Price are hereinafter collectively referred to as the "First Phase Purchase Price") and Three Million Three Hundred Ninety Seven Thousand Dollars ($3,397,000) is the portion of the Purchase Price allocated to the Second Phase Parcels (hereinafter referred to as the "Second Phase Base Purchase Price"). Notwithstanding the above, the second Phase Base Purchase Price shall be increased on the earlier of (i) the first day of the month in which the Infrastructure Improvements, as said term is defined hereinafter, and the Avenida Sur Improvements, as said term is defined hereinafter, have been accepted by the government agencies involved or (ii) December 15, 1995, hereinafter referred to as the "Commencement Date) by an amount equal to one percent (1%) of the Second Phase Base Purchase Price for each calendar month that transpires between the commencement Date and the settlement under the contract of sale, as said term is defined in Paragraph 6 a. hereof, pursuant to the terms and conditions of the Contract of Sale but in no event the sum of the monthly increments to the Second Phase Base Purchase Price shall be more than Four Hundred Seven Thousand Six Hundred Twenty Eight Dollars ($407,628). The Second Phase Base Purchase Price, as increased from time to time in the manner stated in this paragraph, shall hereinafter be referred to as the "Second Ph...
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Grant of Option and Option Price. Section 2 of the Option Agreement shall be amended as follows:
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Grant of Option and Option Price. The Company hereby grants to the Employee the right and option (the “Option”) to purchase out of the Company’s authorized and unissued shares, all or any part of the number of shares of Common Stock herein set forth, at the exercise price per share herein set forth, subject to all the restrictions, limitations and other terms and provisions of the Employment Agreement, the Plan (solely to the extent such terms do not conflict with the terms of the Employment Agreement) and this Agreement: Number of shares covered by this Option: 500,000 Exercise price per share: $12.68
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Related to Grant of Option and Option Price

  • Payment of Option Price The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six (6) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

  • Grant of Option The Corporation hereby grants to Optionee, as of the Grant Date, an option to purchase up to the number of Option Shares specified in the Grant Notice. The Option Shares shall be purchasable from time to time during the option term specified in Paragraph 2 at the Exercise Price.

  • Grant of Options The Company hereby grants Optionee the right and option ("Option") to purchase the above described Twenty Million (20,000,000) shares of Common Stock, on the terms and conditions set forth herein and subject to the provisions of the Form S-8 registration statement in exchange for services provided by Employee to the Company, the options shall vest immediately upon the exercise hereof.

  • Grant of Option; Conditions Tenant shall have the right (the “Extension Option”) to extend the Term for one (1) additional period of five (5) years beginning on the day immediately following the expiration date of the Lease and ending on the fifth anniversary of such expiration date (the “Extension Term”), if:

  • Confirmation of Grant of Option Pursuant to a determination by the Board of Directors of the Company made as of April 19, 2001 (the "Date of Grant"), the Company hereby confirms that the Director has been granted effective April 19, 2001, as a matter of separate inducement and agreement, and in addition to and not in lieu of salary or other compensation for services to be rendered by the Director, the right to purchase (the "Option") 20,761 shares of Common Stock, $.01 par value, of the Company (the "Shares"), subject to adjustment as provided in Section 7 hereof.

  • Vesting and Exercisability of Option The Option shall vest, and may be exercised, with respect to the Shares as set forth in the Optionee Statement attached hereto and made a part hereof, subject to earlier termination of the Option as provided in Sections 1.4 and 6 hereof or in the Plan. The right to purchase the Shares as they become vested shall be cumulative and shall continue during the Exercise Term unless sooner terminated as provided herein.

  • Exercisability of Option Unless otherwise provided in this Agreement or the Plan, this Option shall entitle the Participant to purchase, in whole at any time or in part from time to time, to the extent the Option is vested in accordance with the vesting schedule herein, the Shares subject to this Option, and each such right of purchase shall be cumulative and shall continue, unless sooner exercised or terminated as herein provided, during the remaining Option Period.

  • Exercisability of Options Options granted under the Plan shall be exercisable at such times and be subject to such restrictions and conditions as the Committee shall determine in its sole discretion. After an Option is granted, the Committee, in its sole discretion, may accelerate the exercisability of the Option.

  • Expiration of Options Except as otherwise provided in Section 5 or 6 of the Management Stockholder's Agreement, the Options may not be exercised to any extent by the Optionee after the first to occur of the following events:

  • Xxxxx of Option The Plan Administrator of the Company hereby grants to the Optionee named in the Notice of Grant attached as Part I of this Agreement (the "Optionee") an option (the "Option") to purchase the number of Shares, as set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant (the "Exercise Price"), subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 15(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice of Grant as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonstatutory Stock Option ("NSO").

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