Common use of Exercise Price of Options Clause in Contracts

Exercise Price of Options. The exercise price of the Options (subject to adjustment by reason of any of the events set forth in Section 7 hereof), shall equal: (a) With respect to the Options described in Sections 3(a) of this Agreement, the Fair Market Value of the Shares as of July 3, 2003 - - to wit, Two Dollars and Fifty-five Cents ($2.55) per Share. (b) With respect to the Options described in Sections 3(b)(i) of this Agreement, Five Dollars ($5.00) per Share. (c) With respect to the Options described in Sections 3(b)(ii) of this Agreement, Seven Dollars and Fifty Cents ($7.50) per Share. (d) With respect to the Options described in Sections 3(b)(iii) of this Agreement, Twelve Dollars and Fifty Cents ($12.50) per Share.

Exercise Price of Options. The exercise price of the Options (subject to adjustment by reason of any of the events set forth in Section 7 hereof), shall equal: (a) With respect to the Options described in Sections 3(a) of this Agreement, the Fair Market Value of the Shares as of July 3, 2003 - - to wit, Two Dollars and Fifty-five Cents ($2.55) per Share. (b) With respect to the Options described in Sections 3(b)(i) of this Agreement, Five Dollars ($5.00) per Share. (c) With respect to the Options described in Sections 3(b)(ii) of this Agreement, Seven Dollars and Fifty Cents ($7.50) per Share. (d) With respect to the Options described in Sections 3(b)(iii) of this Agreement, Twelve Dollars and Fifty Cents ($12.50) per Share.)

Exercise Price of Options. The exercise price of the Options (subject to adjustment by reason of any of the events set forth in Section 7 hereof), shall equal: (a) With respect to 35,000 of the Options described in Sections Section 3(a) of this Agreement, the Fair Market Value of the Shares as of July 3, 2003 - - to wit, Two Dollars and Fifty-five Cents ($2.55) per Share; and with respect to 90,000 of the Options described in Section (3)(a) of this Agreement, Twelve Dollars and Fifty Cents ($12.50) per Share. (b) With respect to the Options described in Sections Section 3(b)(i) of this Agreement, Five Dollars ($5.00) per Share. (c) With respect to the Options described in Sections Section 3(b)(ii) of this Agreement, Seven Dollars and Fifty Cents ($7.50) per Share. (d) With respect to the Options described in Sections Section 3(b)(iii) of this Agreement, Twelve Dollars and Fifty Cents ($12.50) per Share.