Option; Number of Shares; Price Sample Clauses

Option; Number of Shares; Price. The Company hereby grants to ------------------------------- Optionee the right (the "Option") to purchase up to a maximum of _______ shares (the "Shares") of the Common Stock, $0.01 par value per share, of the Company (the "Common Stock"), at a purchase price of $3.317 per share (the "Option Price"), to be paid in accordance with Section 6 hereof. The Option and the right to purchase all or any portion of the Shares is subject to the terms and conditions stated in this Agreement and in the Plan, including, without limitation, the provisions of Sections 4 and 11 of the Plan under which the Option shall be subject to modification and Sections 14(b) and 15 of the Plan and Sections 3 and 4 hereof pursuant to which the Option is subject to acceleration and/or termination. It is intended that the Option will not qualify for treatment as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
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Option; Number of Shares; Price. The Corporation hereby grants, to Optionee the right acquire eight hundred eighty thousand (880,000) shares (the "Shares") of the common stock of the Corporation ("Common Stock") at a purchase price of One Cent ($.01) per share (the "Purchase Price") ("Option"). The Option and the right to acquire all or any portion of the Shares shall be exercisable upon certain events set forth in this Agreement, and is subject to the terms and conditions stated in this Agreement. It is intended that the Option will not qualify for treatment as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Sample 1
Option; Number of Shares; Price. The Company grants to the Optionee the right ("Option") to purchase all or any portion of <> shares of the Common Stock of the Company ("Stock") at a purchase price of $<> per share (the "Option Price"), which price has been determined to be not less than the fair market value of the Stock per share on the date of this Agreement; provided, however, that if the Optionee is a 10-percent shareholder of the Company as defined in Section 422(b)(6) of the Internal Revenue Code of 1954, as amended (the "Code"), at the time the Option is granted the Option Price shall be not less than 110 percent of such fair market value. This Option is subject to the terms and conditions stated in this Agreement and in the Plan, including but not limited to the provisions of Section 12 of the Plan under which this Option shall be subject to modification when certain events occur. It is intended that this Option will qualify for treatment as an incentive stock option under Section 422A of the Code.
Sample 1
Option; Number of Shares; Price. The Company grants to the Optionee the right ("Option") to purchase Two Hundred Fifty Thousand (250,000) shares of the Common Stock of the Company ("Stock") at a purchase price of Seven Cents ($0.07) per share (the "Option Price"). This Option is subject to the terms and conditions stated in this Agreement and in the Plan, including but not limited to the provisions of Section 10 of the Plan under which this Option shall be subject to modification when certain events occur. 2.
Sample 1
Option; Number of Shares; Price. The Company grants to Optionee the right (“Option”) to purchase all or any portion of (___) shares of the Common Stock of the Company (“Shares”) at a purchase price of Dollars ($___) per share (the “Option Price”). This Option is subject to the terms and conditions stated in this Agreement. It is intended that this Option will [not] qualify for treatment as an incentive stock option under Section 422A of the Internal Revenue Code of 1986, as amended (the “Code”). This Option is subject to all terms and conditions set forth in the Plan, a copy of which has been provided to Optionee concurrently herewith.
Sample 1
Option; Number of Shares; Price. The Company grants to the Optionee the right ("Option") to purchase all or any portion of the number of shares of the Common Stock of the Company indicated at the top of this page ("Stock") at the purchase price per share indicated at the top of this page (the "Option Price"). This Option is subject to the terms and conditions stated herein and in the Plan, including but not limited to the provisions of the Plan under which this Option shall be subject to modification if and when certain events occur.
Sample 1

Related to Option; Number of Shares; Price

  • Adjustment in Number of Shares Upon each adjustment of the Exercise Price pursuant to the provisions of this Paragraph 4, the number of shares of Common Stock issuable upon exercise of this Warrant shall be adjusted by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of shares of Common Stock issuable upon exercise of this Warrant immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

  • Number of Shares; Exercise Price This certifies that, for value received, Cede & Co., and any of its registered assigns, is the registered owner of the number of Warrants set forth on Schedule A hereto, each of which entitles the Warrantholder to purchase from the Company, upon the terms and subject to the conditions hereinafter set forth, a number of fully paid and nonassessable shares of Common Stock (each a “Share” and collectively the “Shares”) equal to the Warrant Share Number at a purchase price per share equal to the Exercise Price. The Warrant Share Number and the Exercise Price are subject to adjustment as provided herein, and all references to “Warrant Share Number” and “Exercise Price” herein shall be deemed to include any such adjustment or series of adjustments.

  • Adjustment to Number of Shares Upon each adjustment of the Exercise Price, the number of Shares issuable upon exercise of the Warrant shall be increased to equal the quotient obtained by dividing (x) the product resulting from multiplying (i) the number of Shares issuable upon exercise of the Warrant, and (ii) the Exercise Price, in each case as in effect immediately before such adjustment by (y) the adjusted Exercise Price.

  • Adjustment of Exercise Price and Number of Shares The number and kind of Shares purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows:

  • Adjustment of Number of Shares Purchasable Upon any adjustment of the Exercise Price as provided in Section 4.1, 4.2 or 4.3 hereof, the Holder hereof shall thereafter be entitled to purchase upon the exercise of this Warrant, at the Exercise Price resulting from such adjustment, the number of shares of Common Stock (calculated to the nearest 1/100th of a share) obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares of Common Stock issuable on the exercise hereof immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such adjustment.

  • Adjustment of Exercise Price, Number of Shares or Number of Rights The Exercise Price, the number and kind of shares or other property covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

  • NUMBER OF SHARES AND EXERCISE PRICE The number of shares of Common Stock subject to your option and your exercise price per share referenced in your Grant Notice may be adjusted from time to time for Capitalization Adjustments.

  • Purchase Price; Number of Shares (a) The registered holder of this Warrant (the “Holder”), commencing on the date hereof, is entitled upon surrender of this Warrant with the subscription form annexed hereto duly executed, at the principal office of the Company, to purchase from the Company, at a price per share of $2.80 (the “Purchase Price”), 185,714 fully paid and nonassessable shares of the Company’s Series D Preferred Stock, (the “Exercise Quantity”), $0.001 par value (the “Preferred Stock”).

  • Adjustment of Exercise Price, Number and Kind of Shares or Number of Rights The Exercise Price, the number and kind of shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

  • Adjustment of Number of Shares Upon each adjustment in the Warrant Price, the number of Shares purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.

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