Common use of Option; Option Price Clause in Contracts

Option; Option Price. On the terms and subject to the conditions of the Plan and this Agreement, the Optionee shall have the option (the "OPTION") to purchase up to 79,599 shares of Common Stock (the "OPTIONS") at the price of $10.89 per share (the "OPTION PRICE") at the times and in the manner provided herein. Payment of the Option Price may be made in the manner specified by Section 10(a) of the Plan. The Option is not intended to qualify for federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Employment Agreement (Guitar Center Inc), Employment Agreement (Guitar Center Inc)

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Option; Option Price. On the terms and subject to the conditions of the Plan and this Agreement, the Optionee Grantee shall have the option (the "OPTIONOption") to purchase up to 79,599 [ ] shares of Common Stock (the "OPTIONSOption Shares") at the price of $10.89 [ ] per share Option Share (the "OPTION PRICEOption Price") at the times and in the manner provided herein. Payment of the Option Price may be made in the manner specified by Section 10(a) Article VII of the Plan. The Option is not intended to qualify for federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Faroudja Inc), Incentive Stock Option Agreement (Sage Inc/Ca)

Option; Option Price. On the terms and subject to the conditions of the Plan and this Agreement, the Optionee Grantee shall have the option (the "OPTIONOption") to purchase up to 79,599 [ ] shares of Common Stock (the "OPTIONSOption Shares") at the price of $10.89 [ ] per share Option Share (the "OPTION PRICEOption Price") at the times and in the manner provided herein. Payment of the Option Price may be made in the manner specified by Section 10(a) Article VII of the Plan. The Option is not intended to qualify for federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Sage Inc/Ca), Incentive Stock Option Agreement (Faroudja Inc)

Option; Option Price. On the terms and subject to the conditions of the Plan and this Agreement, the Optionee Grantee shall have the option (the "OPTION"“Option”) to purchase up to 79,599 _____ shares of Common Stock (the "OPTIONS"“Option Shares”) at the price of $10.89 ______ per share Option Share (the "OPTION PRICE"“Option Price”) at the times and in the manner provided herein. Payment of the Option Price may shall be made in the manner specified by Section 10(a) Article VI of the Plan. The Option is not intended to qualify for federal income tax purposes 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: Nonqualified Stock Option Agreement (Cheesecake Factory Incorporated)

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Option; Option Price. On the terms and subject to the conditions of the Plan and this Agreement, the Optionee Grantee shall have the option (the "OPTIONOption") to purchase up to 79,599 the number of shares of Common Stock (the "OPTIONSOption Shares") indicated on the schedule set forth at the end of this Stock Option Agreement (the "Grantee Schedule") at the price of $10.89 per share Option Share set forth on the Grantee Schedule (the "OPTION PRICEOption Price") at the times and in the manner provided herein. Payment of the Option Price may be made in the manner specified by Section 10(a) of the Plan. The Option is does not intended to qualify for federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. Options may only be exercised to purchase whole shares.

Appears in 1 contract

Samples: Stock Option Agreement (Sage Inc/Ca)

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