Common use of Grant of Option Clause in Contracts

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 6 contracts

Samples: Qualified Stock Option Agreement (K Tel International Inc), Non Qualified Stock Option Agreement (K Tel International Inc), Non Qualified Stock Option Agreement (K Tel International Inc)

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Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of two hundred thousand (200,000) [NUMBER OF OPTION SHARES] shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) of Common Stock on the terms and conditions herein set forthforth in this Option Agreement and in the Plan. The This Option is a non-qualified not intended to constitute an incentive stock option under option, as defined in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 6 contracts

Samples: Option Agreement (Firepond Inc), Option Agreement (Firepond Inc), Stock Option Agreement (Firepond Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 Section 9 hereof) on the terms and subject to the conditions herein set forthforth in this Agreement. The This Option is a non-qualified not intended to be an “incentive stock option under option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 5 contracts

Samples: Non Qualified Stock Option Award Agreement (Digital Angel Corp), Non Statutory Stock Option Agreement (Mathstar Inc), Non Statutory Stock Option Agreement (Digital Angel Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock common stock of the Company set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) ”), at the Option Price per Share set forth above, on the terms and conditions herein set forthforth in this Agreement. The Option is a non-qualified not intended to be an “incentive stock option under option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 5 contracts

Samples: Rimage Corporation Stock Option Agreement (Rimage Corp), Rimage Corporation Stock Option Agreement (Rimage Corp), Stock Option Agreement (Rimage Corp)

Grant of Option. The Subject to the terms and conditions of this Agreement, the Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate of two hundred twenty-thousand (200,00020,000) shares of Common Stock (the "Option Shares") (such number being subject Stock. This option is not intended to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified constitute an incentive stock option under within the meaning of Section 422A of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 5 contracts

Samples: Stock Option Agreement (Augme Technologies, Inc.), Stock Option Agreement (Augme Technologies, Inc.), Stock Option Agreement (Augme Technologies, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege, and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand xxxx xxxxx (200,000xx,xxx) shares of Common Stock (the "Option Shares") of the Company’s common stock, $.001 par value (such number being subject the “Common Stock”), according to adjustment as provided in Paragraph 4 hereof) on the terms and subject to the conditions herein hereinafter set forthforth and as set forth in the Plan. The Option is a non-qualified intended to be an “incentive stock option under option” as that term is defined in Section 422 of the Internal Revenue Code and is subject to the $100,000 limitation described in Section 6.6 of 1986, as amendedthe Plan.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Inspire Medical Systems, Inc.), Incentive Stock Option Agreement (Inspire Medical Systems, Inc.), Incentive Stock Option Agreement (Inspire Medical Systems, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "Option") to purchase all from the Company Two Hundred Thousand (200,000) shares (the “Option Shares”) of the Common Stock of the Company, or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) number, on the terms and conditions herein set forth. The It is intended that the Option is shall constitute a non-qualified nonqualified stock option under option@ within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 4 contracts

Samples: Employee Non Disclosure and Non Compete Agreement, Non Disclosure and Non Compete Agreement, Employee Non Disclosure and Non Compete Agreement (Dais Analytic Corp)

Grant of Option. The Pursuant to the Plan, the Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate the number of two hundred thousand (200,000) shares of Common Stock set forth on the Signature Page (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth). The Option granted herein is a non-qualified an incentive stock option under and is subject to the provisions of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Forward Air Corp), Employment Agreement (Forward Air Corp), Noncompetition Agreement (Forward Air Corp)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege, and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000( ) shares of Common Stock (the "Option Shares") of the Company’s common stock, $0.0001 par value (such number being subject the “Common Stock”), according to adjustment as provided in Paragraph 4 hereof) on the terms and subject to the conditions herein hereinafter set forthforth and as set forth in the Plan. The Subject to Section 9 of this Agreement, the Option is a non-qualified intended to be an “incentive stock option under option,” as that term is used in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Ani Pharmaceuticals Inc), Form of Incentive Stock Option Agreement (Biosante Pharmaceuticals Inc), Form of Incentive Stock Option Agreement (Biosante Pharmaceuticals Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 Section 8 hereof) on the terms and subject to the conditions herein set forthforth in this Agreement. The This Option is a non-qualified not intended to be an “incentive stock option under option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 4 contracts

Samples: Qualified Stock Option Agreement (Digitiliti Inc), Qualified Stock Option Agreement (Digitiliti Inc), Non Statutory Stock Option Agreement (Mathstar Inc)

Grant of Option. The Subject to the terms contained herein and in the Option Plan, the Company hereby grants to the Optionee as of the date set forth above, the right and option (hereinafter option, herein called the "Option") ," to purchase all or any part of an aggregate of two hundred thousand (200,000) 400,000 shares of Common Stock (the herein "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth). The Option is shall be a "non-qualified stock option under the Internal Revenue Code of 1986, as amendedoption."

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Heartsoft Inc), Non Qualified Stock Option Agreement (Heartsoft Inc), Non Qualified Stock Option Agreement (Heartsoft Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 paragraph 8 hereof) on the terms and conditions herein set forthforth in this Agreement. The Option This option is a non-qualified not intended to be an "incentive stock option under option" within the meaning of section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Acres Gaming Inc), Nonqualified Stock Option Agreement (Acres Gaming Inc), Nonqualified Stock Option Agreement (Acres Gaming Inc)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 250,000 shares of the Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions set forth herein set forth("Option"). The Option is a non-qualified stock option not intended to qualify under any section of the Internal Revenue Code of 1986, as amended, and is not granted under any plan.

Appears in 3 contracts

Samples: Acceleration Options (Parkervision Inc), Stock Option Agreement (Parkervision Inc), Acceleration Options (Parkervision Inc)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege, and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 170,000 shares of Common Stock (the "Option Shares") of the Company’s common stock, $.001 par value (such number being subject the “Common Stock”), according to adjustment as provided in Paragraph 4 hereof) on the terms and subject to the conditions herein set forthstated in this Agreement and as stated in the Plan. The Subject to the provisions of Section 10 of this Agreement, the Option is a non-qualified intended to be an “incentive stock option under option,” as that term is used in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Southwest Casino Corp), Incentive Stock Option Agreement (Southwest Casino Corp), Incentive Stock Option Agreement (Southwest Casino Corp)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege, and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000( ) shares of Common Stock (the "Option Shares") of the Company’s common stock, $0.0001 par value (such number being subject the “Common Stock”), according to adjustment as provided in Paragraph 4 hereof) on the terms and subject to the conditions herein hereinafter set forthforth and as set forth in the Plan. The Option is a non-qualified not intended to be an “incentive stock option under option,” as that term is used in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 3 contracts

Samples: Form of Non Statutory Stock Option Agreement (Biosante Pharmaceuticals Inc), Form of Non Statutory Stock Option Agreement (Biosante Pharmaceuticals Inc), Form of Non Statutory Stock Option Agreement (Biosante Pharmaceuticals Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 1,000,000 shares of Common Stock the common stock of the Company (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereofset forth herein) on the terms and conditions herein set forth. This Option may be exercised in whole or in part and from time to time as hereinafter provided. The Option granted under this Agreement is a non-qualified not intended to be an "incentive stock option under option" as set forth in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (CV Sciences, Inc.), Non Qualified Stock Option Agreement (CV Sciences, Inc.), Non Qualified Stock Option Agreement (CV Sciences, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of two hundred thousand (200,000) shares of the Common Stock (of the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) Company on the terms and conditions herein set forth. The Option is a non-qualified This grant does not qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 3 contracts

Samples: Stock Option Agreement (Arctic Cat Inc), Non Qualified (Arctic Cat Inc), Stock Option Agreement (Arctic Cat Inc)

Grant of Option. The As of the Grant Date, the Company hereby grants to the Optionee the right and a nonqualified stock option (hereinafter called the "Option") to purchase all (or any part part) of an aggregate of two hundred twenty thousand (200,00020,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein hereinafter set forth. The Option is a non-qualified not intended to be treated as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 3 contracts

Samples: Insight Health Services Holdings Corp. Stock Option Agreement (Syncor Diagnostics Bakersfield, LLC), Insight Health Services Holdings Corp. Stock Option Agreement (Insight Health Services Holdings Corp), Insight Health Services (Insight Health Services Holdings Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of two hundred thousand (200,000) shares of the Common Stock of the Company (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth”). The Option is a non-qualified intended to be an “incentive stock option under option” as defined in Section 422 of the Internal Revenue Code and is subject to the $100,000 limitation described in Section 4(b) of 1986, as amendedthe Plan.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Angeion Corp/Mn), Incentive Stock Option Agreement (Angeion Corp/Mn), Incentive Stock Option Agreement (Angeion Corp/Mn)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 5,000 shares of Common Stock the authorized and unissued $.10 par value common stock of the Company (the "Option Shares") (such number being subject pursuant to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth in this Agreement.

Appears in 3 contracts

Samples: Stock Option Agreement (Double Eagle Petroleum Co), Stock Option Agreement (Double Eagle Petroleum Co), Stock Option Agreement (Double Eagle Petroleum Co)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege, and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 300,000 shares of Common Stock (the "Option Shares") of the Company’s common stock, $.001 par value (such number being subject the “Common Stock”), according to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthof this Agreement. The Option is a non-qualified not intended to be an “incentive stock option under option,” as that term is used in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Southwest Casino Corp), Non Qualified Stock Option Agreement (Southwest Casino Corp), Non Qualified Stock Option Agreement (Southwest Casino Corp)

Grant of Option. The Subject to and upon the terms and conditions set forth herein, the Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) up to 500,000 shares of Common Stock (the "Option Optioned Shares") (such number being subject from time to adjustment as provided in Paragraph 4 hereof) on time during the terms and conditions herein set forthoption term. The Option is a non-qualified stock option under Optioned Shares shall be entitled to any and all of the Internal Revenue Code of 1986accompanying rights, as amendedwarrants, or other benefits associated with the Common Stock in existence at the time which the Optionee elects to exercise such option.

Appears in 2 contracts

Samples: Stock Option Agreement (Alfa International Corp), Stock Option Agreement (Alfa International Corp)

Grant of Option. The Company Optionee is hereby grants to the Optionee granted the right and option (hereinafter called the "Option") to purchase all or any part a total of an aggregate of two hundred thousand Two Hundred Fifty Thousand (200,000250,000) shares of Common Stock (the "Option SharesStock") of the common stock, no par value, of the Corporation (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth"Common Stock"). The Option is a non-qualified stock option NOT intended by the parties hereto to be, and shall NOT be treated as an Incentive Stock Option, as such term is defined under Section 422 of the Internal Revenue Code of 1986, as amended1986 (the "Code").

Appears in 2 contracts

Samples: Stock Option Agreement (Mb Software Corp), Stock Option Agreement (Mb Software Corp)

Grant of Option. The Company hereby grants to the Optionee the right and Employee a non-qualified stock option (hereinafter called the "Option") to purchase all (or any part of an aggregate of two hundred thousand of) 60,000 (200,000sixty thousand) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) ), on the terms and conditions herein hereinafter set forth. The This Option is a non-qualified not intended to be treated as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 2 contracts

Samples: Imclone Systems Incorporated (Imclone Systems Inc/De), Non Qualified Stock Option Agreement (Imclone Systems Inc/De)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) _____________ shares of Common Stock (the "Option Shares") of the Company's common stock, $0.01 par value (such number being subject the "Common Stock"), according to adjustment as provided in Paragraph 4 hereof) on the terms and subject to the conditions herein hereinafter set forthforth and as set forth in the Plan. The Option is a non-qualified granted hereunder shall not be an incentive stock option under within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Ceridian Corp /De/), Qualified Stock Option Agreement (Ceridian Corp /De/)

Grant of Option. The Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) purchase, on the terms and conditions herein hereinafter set forth, the number of shares specified above (the “Option Shares”) of the Company’s Common Stock, $0.01 par value per share (“Common Stock”), at the option price (the “Option Price”) per share specified above (the “Option”). The This Option is a non-qualified not intended to qualify as an incentive stock option under section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Atx Group Inc), Nonqualified Stock Option Agreement (Atx Group Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter hereafter called the this "Option") ), to purchase all or any part of an aggregate of two hundred fifty thousand (200,00050,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth herein.

Appears in 2 contracts

Samples: Stock Option Agreement (Siti-Sites Com Inc), Stock Option Agreement (Siti-Sites Com Inc)

Grant of Option. The Subject to the terms and conditions of the Plan and this Option, Company hereby grants to the Optionee Grantee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") of the common stock of Company, par value $.0001 per share (such number being subject to adjustment as provided in Paragraph 4 hereof"Common Stock") specified on the terms and conditions herein set forthCertificate at the xxxxx xxxxx listed in the Certificate (the "Option Price"). The Option is a non-qualified not intended to constitute an "incentive stock option under the Internal Revenue option" as that term is used in Code of 1986, as amendedsection 422.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Noven Pharmaceuticals Inc), Non Qualified Stock Option Agreement (Noven Pharmaceuticals Inc)

Grant of Option. The Company hereby grants to the Optionee the right and --------------- option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 25,000 shares of Common Stock (the "Option Shares") (such number being Stock, subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthhereinafter provided. The Option is a non-qualified stock option under the Internal Revenue Code of 1986in all respects limited and conditioned as provided herein, and as amendedit may be amended from time to time.

Appears in 2 contracts

Samples: Stock Option Agreement (Total Research Corp), Stock Option Agreement (Total Research Corp)

Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of up to two thousand five hundred thousand shares (200,0002,500) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth in this Agreement.

Appears in 2 contracts

Samples: Stock Option Agreement (Reconditioned Systems Inc), Stock Option Agreement (Reconditioned Systems Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 300,000 shares of Common Stock the authorized and unissued $0.001 par value common stock of the Company (the "Option Shares") (such “Stock”)(such number being subject to adjustment as provided in Paragraph 4 hereofset forth herein) on the terms and conditions herein set forth. The This Option is a non-qualified stock option under the Internal Revenue Code of 1986, may be exercised in whole or in part and from time to time as amendedhereinafter provided.

Appears in 2 contracts

Samples: Stock Option Agreement (Siberian Energy Group Inc.), Stock Option Agreement (Siberian Energy Group Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter hereafter called the this "Option") ), to purchase all or any part of an aggregate of two hundred thousand (200,000) 250,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth herein.

Appears in 2 contracts

Samples: Stock Option Agreement (Siti-Sites Com Inc), Stock Option Agreement (Siti-Sites Com Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 paragraph 8 hereof) on the terms and subject to the conditions herein set forthforth in this Agreement. The Option This option is a non-qualified intended to be an "incentive stock option under option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Agreement (Golf Galaxy, Inc.), Agreement (Golf Galaxy, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of from the Company, on the terms and conditions set forth herein, an aggregate of two hundred thousand (200,000) 2,674,714 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth). The Option is a non-qualified stock option under the Internal Revenue Code of 1986shall vest and become exercisable in accordance with paragraph 3 below and shall terminate on October 1, as amended2009 if not sooner exercised.

Appears in 2 contracts

Samples: Stock Option Agreement (Windswept Environmental Group Inc), Stock Option Agreement (Oreilly Michael)

Grant of Option. The Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase from the Company all or any part of an the aggregate amount of two hundred thousand (200,000) 2,000 shares of Common Stock (the "Option Optioned Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth). The Option is intended to constitute a non-qualified stock option under and shall not be treated as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended, or any successor provision thereto.

Appears in 2 contracts

Samples: Stock Option Agreement (Gehl Co), Company 1995 Stock Option Plan Stock Option Agreement (Gehl Co)

Grant of Option. The Subject to the terms contained herein, Company hereby grants to Employee as of the Optionee date set forth above, the right and option (hereinafter option, herein called the "Option") ," to purchase all or any part of an aggregate of two hundred thousand One Million Nine Hundred Sixty Five One Hundred Sixty Five (200,0001,965,165) shares of the Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthStock. The Option is right to purchase the underlying shares shall constitute a nonNon-qualified stock option under the Internal Revenue Code of 1986Qualified Stock Option, as amendeddefined in the Plan.

Appears in 2 contracts

Samples: Stock Option Agreement (Harolds Stores Inc), Stock Option Agreement (Staffieri Ronald S)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 500,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthStock. The Option is in all respects limited and conditioned as hereinafter provided. It is intended that the Option granted hereunder be a non-qualified nonqualified stock option under (“NQSO”) and not an incentive stock option (“ISO”) as such term is defined in section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 2 contracts

Samples: Employment Agreement (Sontra Medical Corp), Employment Agreement (Sontra Medical Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 6,000,000 shares of Common Stock the common stock of the Company (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereofset forth herein) on the terms and conditions herein set forth. This Option may be exercised in whole or in part and from time to time as hereinafter provided. The Option granted under this Agreement is a non-qualified not intended to be an "incentive stock option under option" as set forth in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (CV Sciences, Inc.), Non Qualified Stock Option Agreement (Mona Michael Joseph Jr)

Grant of Option. The Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part a total of an aggregate of two hundred thousand One Hundred Ten Thousand (200,000110,000) shares of Common Stock (the "Option Shares") of its common stock (such number being the "Common Stock"), subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthforth herein. The Option number of Shares is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedsubject to adjustment pursuant to Section 7 hereof.

Appears in 2 contracts

Samples: Technology Corporation Stock Option Agreement (Roanoke Technology Corp), Technology Corporation Stock Option Agreement (Roanoke Technology Corp)

Grant of Option. The Company hereby grants to the Optionee the right and a nonstatutory stock option (hereinafter called the "Option") to purchase all or any part (subject to adjustment pursuant to Section 9 of an aggregate of the Plan) up to two hundred fifty thousand (200,000250,000) fully paid and nonassessable shares of the Common Stock of the Company (the "Option Shares") (such number being subject ), to adjustment as provided in Paragraph 4 hereof) on be issued upon the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986exercise thereof, as amendedset forth below.

Appears in 2 contracts

Samples: Stock Option Agreement (Pro Tech Communications Inc), Stock Option Agreement (Pro Tech Communications Inc)

Grant of Option. The Company Corporation hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) shares of the Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereofSection 7 hereof and hereinafter called the “Option Shares”) on the terms and conditions herein set forth. The Option is a non-qualified intended to qualify as an “incentive stock option under option” within the Internal Revenue Code meaning of 1986, as amendedSection 422A of the Code.

Appears in 2 contracts

Samples: Iradimed Corporation Stock Option Agreement (Iradimed Corp), Iradimed Corporation Stock Option Agreement (Iradimed Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "OptionOPTION") to purchase from the Company all or any part of an aggregate amount of two hundred thousand [NUMBER OF OPTION SHARES] shares (200,000the "OPTION SHARES") shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthforth in this Option Agreement and in the Plan. The This Option is a non-qualified not intended to constitute an incentive stock option under option, as defined in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "CODE").

Appears in 2 contracts

Samples: Stock Option Agreement (Firepond Inc), Stock Option Agreement (Firepond Inc)

Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 400,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein and subject to all the limitations set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth herein.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Vincera, Inc.), Non Qualified Stock Option Agreement (Vincera, Inc.)

Grant of Option. The Company hereby grants to Optionee, in the Optionee manner and, subject to the right conditions hereinafter provided, the right, privilege and option to purchase (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand Three Hundred and Seventy-Five Thousand (200,000375,000) shares of Common Stock the Company's common stock, $.001 par value, (the "Shares" or "Common Stock"). This Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) is specifically conditioned on compliance with the terms and conditions set forth herein set forth. The and in the Company's 2000 Stock Option is a non-qualified stock option under Plan (the Internal Revenue Code of 1986, as amended"Plan).

Appears in 2 contracts

Samples: Agreement (Aremissoft Corp /De/), Agreement (Aremissoft Corp /De/)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) __________ shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 10 hereof) of the Class A Common Stock of the Company (the "Stock") on the terms and conditions herein set forth. The This Option is a non-qualified stock option under the Internal Revenue Code of 1986, may be exercised in whole or in part and from time to time as amendedhereinafter provided.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Citadel License Inc), Nonqualified Stock Option Agreement (Citadel License Inc)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege, and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 75,000 shares of Common Stock (the "Option Shares") of the Company’s common stock, $.001 par value (such number being subject the “Common Stock”), according to adjustment as provided in Paragraph 4 hereof) on the terms and subject to the conditions herein set forthstated in this Agreement and as stated in the Plan. The This Option is a non-qualified not intended to be an “incentive stock option under option,” as that term is used in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 2 contracts

Samples: Director Stock Option Agreement (Southwest Casino Corp), Director Stock Option Agreement (Southwest Casino Corp)

Grant of Option. The Company hereby grants to the Optionee the right and a nonstatutory stock option (hereinafter called the "Option") to purchase all or any part (subject to adjustment pursuant to Section 9 of an aggregate of the Plan) up to two hundred thousand (200,000) fully paid and nonassessable shares of the Common Stock of the Company (the "Option Shares") (such number being subject ), to adjustment as provided in Paragraph 4 hereof) on be issued upon the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986exercise thereof, as amendedset forth below.

Appears in 2 contracts

Samples: Stock Option Agreement (Pro Tech Communications Inc), Stock Option Agreement (Pro Tech Communications Inc)

Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of up to two hundred thousand shares (200,0002,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth in this Agreement.

Appears in 2 contracts

Samples: Stock Option Agreement (Reconditioned Systems Inc), Stock Option Agreement (Reconditioned Systems Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand Twenty-One Thousand Eight Hundred and Seventy-Five (200,00021,875) shares of Common Stock Shares (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 6 hereof) ), on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth herein.

Appears in 2 contracts

Samples: Stock Option Agreement (Activision Inc /Ny), Stock Option Agreement (Activision Inc /Ny)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 paragraph 8 hereof) on the terms and subject to the conditions herein set forthforth in this Agreement. The Option This option is a non-qualified not intended to be an "incentive stock option under option" within the meaning of section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Stock Option Agreement (Golf Galaxy, Inc.), Agreement (Golf Galaxy, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two one hundred fifteen thousand five hundred (200,000115,500) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (K Tel International Inc), Non Qualified Stock Option Agreement (K Tel International Inc)

Grant of Option. The Pursuant to and subject to the terms and conditions contained in this Agreement, the Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase from the Company all or any part number of an aggregate of two hundred thousand TWENTY-FIVE THOUSAND (200,00025,000) shares of Common Stock (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereof) which may be authorized but unissued shares or shares acquired by the Company on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedopen market or in private transactions.

Appears in 2 contracts

Samples: Stock Option Agreement (Fountain Powerboat Industries Inc), Stock Option Agreement (Fountain Powerboat Industries Inc)

Grant of Option. The Company hereby grants has granted to the Optionee the right and option (hereinafter called referred to as the "Option") to purchase from time to time all or any part of an aggregate of two hundred thousand (200,000) 5,000 shares of Common Stock (the "Option Shares") of the Common Stock, $.001 par value, of the Company (such number being subject to adjustment as provided in Paragraph 4 hereof"Common Stock") on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth in this Agreement.

Appears in 2 contracts

Samples: Stock Option Agreement (Oroamerica Inc), Stock Option Agreement (Oroamerica Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part (but not as to a fractional share) of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 Section 9 hereof) on the terms and subject to the conditions herein set forthforth in this Agreement. The This Option is a non-qualified intended to be an “incentive stock option under option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 2 contracts

Samples: Consent Agreement (Bridgewater Bancshares Inc), Consent Agreement (Bridgewater Bancshares Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called referred to as the "Option") to purchase from time to time all or any part of an aggregate of two hundred thousand (200,000) _______ shares of Common Stock (the "Option Shares") of the common stock, $.001 par value, of the Company (such number being subject to adjustment as provided in Paragraph 4 hereof"Common Stock") on the terms and conditions herein set forthforth in this Agreement. The Option is shall be a non-qualified statutory stock option under the Internal Revenue Code of 1986, as amendedoption.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Oroamerica Inc)

Grant of Option. The Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 100,000 shares of Common Stock (the "Option Shares") ”), under and pursuant to the terms of the Company’s 1999 Stock Option Plan, as amended (such number being the “Plan”), upon and subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthprovisions of this Agreement. The Option is a non-qualified stock option under not intended to meet the requirements of Section 422 of the Internal Revenue Code of 1986, as amended, relating to “incentive stock options.

Appears in 1 contract

Samples: Stock Option Agreement (National Medical Health Card Systems Inc)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege, and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000( ) shares of Common Stock (the "Option Shares") of the Company’s common stock, $0.02 par value (such number being subject the “Common Stock”), according to adjustment as provided in Paragraph 4 hereof) on the terms and subject to the conditions herein hereinafter set forthforth and as set forth in the Plan. The Subject to Section 9 of this Agreement, the Option is a non-qualified intended to be an “incentive stock option under option,” as that term is used in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Northern Technologies International Corp)

Grant of Option. The Company hereby irrevocably grants to the Optionee Employee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 27,300 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) Stock, on the terms and conditions herein set forthforth herein. The This Option is a non-qualified shall not be treated as an incentive stock option under within the meaning of section 422(b) of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (W-H Energy Services Inc)

Grant of Option. The Company hereby grants to Optionee, on the Optionee date set forth above the right and option (hereinafter called the "Option"option”) to purchase all or any part of an aggregate of two hundred thousand (200,000) _________ shares of Common Stock (Stock, par value $0.01 per share, at the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) price of $______ per share on the terms and conditions herein set forthforth herein. The Option This option is a non-qualified not intended to be an incentive stock option under within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (XRS Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 4,000,000 shares of Common Stock the common stock of the Company (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereofset forth herein) on the terms and conditions herein set forth. This Option may be exercised in whole or in part and from time to time as hereinafter provided. The Option granted under this Agreement is a non-qualified not intended to be an "incentive stock option under option" as set forth in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (CV Sciences, Inc.)

Grant of Option. The Company hereby irrevocably grants from the Plan to the Optionee Employee the right and option (option, hereinafter called the "Option") , to purchase all or any part of an aggregate of two hundred thousand Fifty Thousand (200,00050,000) shares of Common Stock the common stock, $.01 par value, of the Company (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Option Agreement (Famous Dave S of America Inc)

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Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase on the terms and conditions hereinafter set forth all or any part of an aggregate of two hundred thousand (200,000) 3,000,000 shares of Common Stock (the "Option Shares") of the presently authorized and unissued common stock, no par value, of the Company (such number being subject to adjustment as provided in Paragraph 4 hereof"Stock") on at the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code purchase price of 1986, as amended$.37 per share.

Appears in 1 contract

Samples: Tollycraft Yacht Corp

Grant of Option. The Company Corporation hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 2,250 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on ”), upon the terms and conditions herein hereinafter set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Stock Option Agreement (Prosperity Bancshares Inc)

Grant of Option. The Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part portion of an aggregate a total of two hundred thousand (200,000( ) shares (the “Shares”) of the Common Stock of the Company at a purchase price of ($ ) per share (the "Option Shares") (such number being “Exercise Price”), subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions set forth herein set forthand the provisions of the Plan. The This Option is a non-qualified shall not constitute an “incentive stock option under option” as defined in Section 422 of the Internal Revenue Code of 1986l986, as amendedamended (the “Code”).

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Dyntek Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand [20,000 (200,000) for annual grant)] [30,000 (for initial grant)] shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) Stock, on the terms and conditions herein set forthforth in this Agreement and in the Plan. The Option is shall be treated as a non-qualified statutory stock option under and not as an “incentive stock option” within the meaning of section 422(b) of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Samples: Stock Option Agreement (Lexicon Pharmaceuticals, Inc./De)

Grant of Option. The Subject to and upon the terms and conditions set forth herein, the Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) up to 500,000 shares of Common Stock (the "Option Optioned Shares") (such number being subject from time to adjustment as provided in Paragraph 4 hereof) on time uring the terms and conditions herein set forthoption term. The Option is a non-qualified stock option under Optioned Shares shall be entitled to any and all of he accompanying rights, warrants, or other benefits associated with the Internal Revenue Code of 1986, as amendedCommon Stock in existence at the time which the Optionee elects to exercise such option.

Appears in 1 contract

Samples: Stock Option Agreement (Alfa International Corp)

Grant of Option. The Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part portion of an aggregate a total of two hundred thousand (200,000( ) shares (“Shares”) of the Common Stock of the Company at a purchase price of (the "Option Shares"$ ) per share (such number being “Exercise Price”), subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions set forth herein set forthand the provisions of the Plan. The This Option is a non-qualified not intended to qualify as an “incentive stock option under option” as defined in Section 422 of the Internal Revenue Code of 1986, as amendedamended (“Code”).

Appears in 1 contract

Samples: Stock Option Agreement (Powerwave Technologies Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 5,000,000 shares of Common Stock the common stock of the Company (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereofset forth herein) on the terms and conditions herein set forth. This Option may be exercised in whole or in part and from time to time as hereinafter provided. The Option granted under this Agreement is a non-qualified not intended to be an "incentive stock option under option" as set forth in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (CV Sciences, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and --------------- option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 10,000 shares of Common Stock (the "Option Shares") (such number being Stock, subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthhereinafter provided. The Option is a non-qualified stock option under the Internal Revenue Code of 1986in all respects limited and conditioned as provided herein, and as amendedit may be amended from time to time.

Appears in 1 contract

Samples: Stock Option Agreement (Total Research Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 392,500 shares of the Common Stock (of the "Option Shares") Company (such number being subject to adjustment as provided in Paragraph 4 5 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Stock Option Agreement (Worldwide Wireless Networks Inc)

Grant of Option. The Subject to the terms contained herein, Company hereby grants to Employee as of the Optionee date set forth above, the right and option (hereinafter option, herein called the "Option") ," to purchase all or any part of an aggregate of two hundred thousand Five Hundred Thousand (200,000500,000) shares of the Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthStock. The Option is right to purchase the underlying shares shall constitute a nonNon-qualified stock option under the Internal Revenue Code of 1986Qualified Stock Option, as amendeddefined in the 1993 Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Harolds Stores Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of two hundred thousand (200,000) 325,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) of the Common Stock of the Company on the terms and conditions herein set forth. The It is intended that the Option is a non-qualified shall constitute an incentive stock option under option, as defined in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Firepond Inc)

Grant of Option. The Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase from the Company all or any part of an the aggregate amount of two hundred thousand Thirty Thousand (200,00030,000) shares of Common Stock (the "Option Optioned Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth). The Option is intended to constitute a non-qualified stock option under and shall not be treated as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Bucyrus International Inc)

Grant of Option. The Company hereby grants to the Optionee on the right and option date hereof a Nonstatutory Stock Option (hereinafter called the "Option") to purchase all or any part (subject to adjustment pursuant to Section 9 of the Plan) an aggregate of two hundred thousand (200,000) 50,000 of its shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock at an option under the Internal Revenue Code price per Share of 1986, as amended$.375.

Appears in 1 contract

Samples: Option Plan Nonstatutory Stock Option Agreement (Pro Tech Communications Inc)

Grant of Option. The Subject to the terms of this Agreement, the Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate of two hundred thousand (200,000) 3,150,000 shares of the Common Stock of the Company (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth“Option”). The Option granted under this Agreement is a non-qualified not intended to be an “incentive stock option option” under Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Samples: Stock Option Agreement (Cryoport, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred twenty thousand (200,00020,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Stock Option Agreement (Damark International Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 325,000 shares of Common Stock (the "Option Shares") of the Common Stock of the Company at the price of $11.00 per Option Share (such number being subject to adjustment as provided in Paragraph 4 hereofthe "Exercise Price") on the terms and conditions herein set forthforth herein. The Option is a non-qualified not intended to be entitled to treatment as an incentive stock option under within the meaning of Section 422(a) of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Samples: Employment Agreement (Universal Hospital Services Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 50,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthStock. The Option is in all respects limited and conditioned as hereinafter provided. It is intended that the Option granted hereunder be a non-qualified nonqualified stock option under (“NQSO”) and not an incentive stock option (“ISO”) as such term is defined in section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Echo Therapeutics, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of two hundred thousand (200,000) ____________ shares of the Common Stock (of the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) Company on the terms and conditions herein set forth. The It is intended that the Option is a non-qualified shall constitute an incentive stock option under as defined in Section 422A of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Option Agreement (Transport Corporation of America Inc)

Grant of Option. The Subject to and upon the terms and conditions set forth herein, the Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) up to 500,000 shares of Common Stock (the "Option Optioned Shares") (such number being subject from time to adjustment as provided in Paragraph 4 hereof) on time during the terms and conditions herein set forthoption term. The Option is a non-qualified stock option under Optioned Shares shall be entitled to any and all of the Internal Revenue Code of 1986accompanying rights, as amendedwarrants, or other benefits associated with the Common Stock in existence at the time which the Optionee elects to exercise such ption.

Appears in 1 contract

Samples: Stock Option Agreement (Alfa International Corp)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 100,000 shares of the Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions set forth herein set forth("Option"). The Option is a non-qualified stock option not intended to qualify under any section of the Internal Revenue Code of 1986, as amended, and is not granted under any plan.

Appears in 1 contract

Samples: Stock Option Agreement (Parkervision Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthforth in the Plan and this Agreement. The Option This option is a non-qualified not intended to be an “incentive stock option under option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Option Agreement (Rimage Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 paragraph 8, hereof) on the terms and conditions herein set forthforth in this Agreement. The Option This option is a non-qualified NOT intended to be an "incentive stock option under option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Samples: Agreement (Vital Images Inc)

Grant of Option. The Company hereby grants to Xxxxxxxx the Optionee the --------------- right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred fifty thousand (200,00050,000) shares of Common Stock the Company's common stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) at the option price of $2.81 per share on the terms and conditions herein set forthforth in this agreement and in the Plan. The Option is a non-qualified stock option under shall not be an Incentive Stock Option governed by the provisions of Section 422 of the Internal Revenue Code of 1986, as amended. A copy of the Plan will be furnished upon request of Xxxxxxxx.

Appears in 1 contract

Samples: Agreement (Verdant Brands Inc)

Grant of Option. The Company hereby irrevocably grants to the Optionee Employee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 50,000 shares of Common Stock common stock, $.10 par value, of the Company (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthforth herein. The This Option is a non-qualified shall not be treated as an incentive stock option under within the meaning of section 422(b) of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Samples: Stock Option Agreement (Forest Oil Corp)

Grant of Option. The Company hereby grants to the Optionee the right and an option --------------- (hereinafter called the "Option") to purchase all or any part portion of an aggregate a total of two hundred thousand (200,000( ) shares of Common Stock (the "Option Shares") of the Common Stock of the Company at a purchase price of (such number being $ ) per share ("Exercise Price"), subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions set forth herein set forthand the provisions of the Plan. The This Option is a non-qualified not intended to qualify as an "incentive stock option under option" as defined in Section 422 of the Internal Revenue Code of 1986, as amendedamended ("Code").

Appears in 1 contract

Samples: Stock Option Plan Option Agreement (Powerwave Technologies Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 paragraph 7 hereof) on the terms and conditions herein set forthforth in this Agreement. The Option This option is a non-qualified not intended to be an "incentive stock option under option" within the meaning of section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Goldman Sachs Group Lp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand [10,000 or 20,000 (200,000) for annual grant)] [30,000 (for initial grant)] shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) Stock, on the terms and conditions herein set forthforth in this Agreement and in the Plan. The Option is shall be treated as a non-qualified statutory stock option under and not as an “incentive stock option” within the meaning of section 422(b) of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Samples: Stock Option Agreement (Lexicon Pharmaceuticals, Inc./De)

Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 25,000 shares of Common Stock common stock of the Company (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereof) ), on the terms and conditions herein set forthforth herein. The This Option is a non-qualified shall not be treated as an incentive stock option under within the meaning of section 422(b) of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Chesapeake Energy Corp)

Grant of Option. The Company hereby grants to the Optionee the right and a non-qualified stock option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 150,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof7) on the terms and conditions herein hereinafter set forth. The Option is a non-qualified stock option under forth (the Internal Revenue Code of 1986, as amended“Option”).

Appears in 1 contract

Samples: Stock Option Agreement (Savient Pharmaceuticals Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 800,000 common shares of Common Stock beneficial interest of the Company (the "Option Shares") (such number being ”), subject to adjustment as provided to, and in Paragraph 4 hereof) on accordance with, the terms and conditions herein set forthforth in this Agreement. The Option is a non-qualified stock option under not intended to qualify as an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Ross Non Qualified Share Option Agreement (Centerline Holding Co)

Grant of Option. The Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) purchase, on the terms and conditions herein hereinafter set forth, the number of shares specified above (the “Option Shares”) of the Company’s Common Stock, $0.01 par value per share (“Common Stock”), at the option price (the “Option Price”) per share specified above. The This Option is a non-qualified not intended to qualify as an incentive stock option under section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Atx Group Inc)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege, and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 187,500 shares of Common Stock (the "Option Shares") of the Company’s common stock, $.001 par value (such number being subject the “Common Stock”), according to adjustment as provided in Paragraph 4 hereof) on the terms and subject to the conditions herein set forthstated in this Agreement and as stated in the Plan. The Subject to the provisions of Section 10 of this Agreement, the Option is a non-qualified intended to be an “incentive stock option under option,” as that term is used in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Southwest Casino Corp)

Grant of Option. The Company hereby irrevocably grants to the Optionee Grantee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand One Hundred Fifty Thousand (200,000150,000) shares of the common stock of Company ("Common Stock Stock"), par value $.01 per share (the "Option Shares") which option shall constitute an "incentive stock option" under the Plan, at those purchase prices listed in Paragraphs 4 and 5 hereof (such number being the "Option Prices"), during the period and subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein hereinafter set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Stock Option (Rare Medium Group Inc)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege, and option (hereinafter called the "Option") to purchase all or any part the Option Shares of an aggregate of two hundred thousand (200,000) shares of the Company's Common Stock (the "Option SharesCommon Stock") (such number being subject ), according to adjustment as provided in Paragraph 4 hereof) on the terms and subject to the conditions herein hereinafter set forthforth and as set forth in the Plan. The Subject to Section 10 of this Agreement, the Option is a non-qualified intended to be an "incentive stock option under option," as that term is used in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Broadcom Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of two hundred thousand (200,000) 48,000 shares of the Common Stock (of the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) Company on the terms and conditions herein set forth. The It is intended that the Option is a non-qualified shall constitute an incentive stock option under option, as defined in Section 422 of the Internal Revenue Code of 1986, as amended, to the maximum extent permitted by law. The exercise of vested Options shall always be subject to the availability of shares under the Plan and stockholder approval of an increase in the number of shares under the Plan.

Appears in 1 contract

Samples: Employment Agreement (Peoples Educational Holdings)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 30,000 shares of Common Stock common stock of the Company (the "Option SharesOption") (such number being subject to adjustment which Option is intended as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. an "incentive stock option." The Option is a non-qualified stock option under the Internal Revenue Code of 1986, in all respects limited and conditioned as amendedhereinafter provided.

Appears in 1 contract

Samples: Stock Option Agreement (Derma Sciences Inc)

Grant of Option. The Company hereby grants has granted to the Optionee the right and option (hereinafter called referred to as the "Option") to purchase from time to time all or any part of an aggregate of two hundred thousand (200,000) _______ shares of Common Stock (the "Option Shares") of the common stock, $.01 par value, of the Company (such number being subject to adjustment as provided in Paragraph 4 hereof"Common Stock") on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth in this Agreement.

Appears in 1 contract

Samples: Director Stock Option Agreement (Netter Digital Entertainment Inc)

Grant of Option. The Company hereby grants to the Optionee Optionee, as of the right day and year first written above, the right, option and privilege (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) from the Company up to 90,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided of Common Stock. The Option may be exercised only in Paragraph 4 hereof) on accordance with the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedthis Agreement.

Appears in 1 contract

Samples: Option Agreement (Morgan Products LTD)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of two hundred thousand (200,000) shares of the Common Stock (of the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) Company on the terms and conditions herein set forth. The It is intended that the Option is a non-qualified shall constitute an incentive stock option under option, as defined in Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Stock Option Agreement (Arctic Cat Inc)

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