Common use of Stock Option Clause in Contracts

Stock Option. (a) The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth in Paragraph (b) of this Section. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time between six months and the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement.

Stock Option. (a) The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number ( ) shares (the "Shares") of shares of Class A the Common Stock (the "Common Stock") of the Corporation, par value $.01 per share, set forth in Paragraph (b) of this Section. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time between six months the terms and subject to the tenth anniversary of restrictions hereinafter set forth. The Option has been granted on the date of grant of the Stock this Option evidenced by this AgreementAgreement and shall terminate on October 10, 2010 unless earlier sooner terminated according to the terms of this Agreement.in whole or in part as follows: