Common use of Option to Purchase Common Stock Clause in Contracts

Option to Purchase Common Stock. a. Subject to Section 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 613,035 Option Shares, at a purchase price of $1.50 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares are fully vested. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2002.

Appears in 1 contract

Samples: Option Agreement (Actv Inc /De/)

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Option to Purchase Common Stock. a. Subject to Section 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 613,035 40,000 Option Shares, at a purchase price of $1.50 3.50 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares are fully vestedshall vest January 1, 1996. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31January 1, 2002.

Appears in 1 contract

Samples: Option Agreement (Actv Inc /De/)

Option to Purchase Common Stock. a. Subject to Section 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 613,035 Option Shares, at a purchase price of $1.50 2.10 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares are fully vested. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2002.

Appears in 1 contract

Samples: Option Agreement (Actv Inc /De/)

Option to Purchase Common Stock. a. Subject to Section 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 613,035 89,683 Option Shares, at a purchase price of $1.50 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares are fully vested, so long as the Employee is employed by the Corporation . With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2002.

Appears in 1 contract

Samples: Option Agreement (Actv Inc /De/)

Option to Purchase Common Stock. a. Subject to Section 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 613,035 80,000 Option Shares, at a purchase price of $1.50 3.50 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares are fully vestedshall vest August 1, 1995. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31January 1, 2002.

Appears in 1 contract

Samples: Option Agreement (Actv Inc /De/)

Option to Purchase Common Stock. a. Subject to Section 12 hereof, the Corporation hereby grants to the Employee Company an option (the "Option") to purchase from the Corporation 613,035 5,000 Option Shares, at a purchase price of $1.50 5.50 per Option Share (the "Option Price"). The EmployeeCompany's right and option to purchase the Option Shares are fully vestedshall vest on December 1, 1994. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 311, 20021997.

Appears in 1 contract

Samples: Option Agreement (Actv Inc /De/)

Option to Purchase Common Stock. a. Subject to Section 12 hereof, the Corporation hereby grants to the Employee Company an option (the "Option") to purchase from the Corporation 613,035 30,000 Option Shares, at a purchase price of $1.50 5.50 per Option Share (the "Option Price"). The EmployeeCompany's right and option to purchase the Option Shares are fully vestedshall vest on November 15, 1994. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31November 15, 20021997.

Appears in 1 contract

Samples: Option Agreement (Actv Inc /De/)

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Option to Purchase Common Stock. a. Subject to Section 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 613,035 89,683 Option Shares, at a purchase price of $1.50 2.10 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares are fully vested, so long as the Employee is employed by the Corporation. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2002.

Appears in 1 contract

Samples: Option Agreement (Actv Inc /De/)

Option to Purchase Common Stock. a. Subject to Section 12 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 613,035 737,000 vested Option Shares, excluding options previously exercised, at a purchase price of $1.50 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares are fully vested. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 20022003.

Appears in 1 contract

Samples: Option Agreement (Actv Inc /De/)

Option to Purchase Common Stock. a. Subject to Section 12 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 613,035 1,173,000 vested Option Shares, excluding options previously exercised, at a purchase price of $1.50 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares are fully vested. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 20022003.

Appears in 1 contract

Samples: Option Agreement (Actv Inc /De/)

Option to Purchase Common Stock. a. Subject to Section 12 hereof5, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 613,035 449,000 vested Option Shares, excluding options previously exercised, at a purchase price of $1.50 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares are fully vested. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 20022003.

Appears in 1 contract

Samples: Option Agreement (Actv Inc /De/)

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