Common use of Grant of Option Clause in Contracts

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 6 contracts

Sources: Non Qualified Stock Option Agreement (K Tel International Inc), Non Qualified Stock Option Agreement (K Tel International Inc), Non Qualified Stock Option Agreement (K Tel International Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of two hundred thousand (200,000) [NUMBER OF OPTION SHARES] shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) of Common Stock on the terms and conditions herein set forthforth in this Option Agreement and in the Plan. The This Option is a non-qualified not intended to constitute an incentive stock option under option, as defined in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 6 contracts

Sources: Stock Option Agreement (Firepond Inc), Stock Option Agreement (Firepond Inc), Stock Option Agreement (Firepond Inc)

Grant of Option. The Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part the total number of an aggregate of two hundred thousand (200,000) shares of Common Stock of the Company (the "Option “Common Stock”) set forth above (the “Shares") at the Exercise Price Per Share set forth above (such number being the “Exercise Price”), subject to adjustment as provided in Paragraph 4 hereof) on all of the terms and conditions herein set forthof this Agreement and the Plan. The Option This option is intended to be a non-qualified nonqualified stock option under subject to the provisions of Section 83 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 5 contracts

Sources: Non Qualified Stock Option Agreement (Encore Acquisition Co), Non Qualified Stock Option Agreement (Encore Acquisition Co), Non Qualified Stock Option Agreement (Encore Acquisition Co)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock common stock of the Company set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) ”), at the Option Price per Share set forth above, on the terms and conditions herein set forthforth in this Agreement. The Option is a non-qualified not intended to be an “incentive stock option under option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 5 contracts

Sources: Stock Option Agreement (Rimage Corp), Stock Option Agreement (Rimage Corp), Stock Option Agreement (Rimage Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 Section 9 hereof) on the terms and subject to the conditions herein set forthforth in this Agreement. The This Option is a non-qualified not intended to be an “incentive stock option under option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 5 contracts

Sources: Non Statutory Stock Option Agreement (Digital Angel Corp), Non Statutory Stock Option Agreement (Digital Angel Corp), Non Statutory Stock Option Agreement (Digital Angel Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "Option") to purchase all from the Company Two Hundred Thousand (200,000) shares (the “Option Shares”) of the Common Stock of the Company, or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) number, on the terms and conditions herein set forth. The It is intended that the Option is shall constitute a non-qualified nonqualified stock option under option@ within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 4 contracts

Sources: Employee Non Disclosure and Non Compete Agreement, Employee Non Disclosure and Non Compete Agreement, Employee Non Disclosure and Non Compete Agreement (Dais Analytic Corp)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) [NUMBER OF SHARES] shares of Common Stock (the "Option Shares") of the Company’s common stock, $0.01 par value (such number being subject the “Common Stock”), according to adjustment as provided in Paragraph 4 hereof) on the terms and subject to the conditions herein hereinafter set forthforth and as set forth in the Plan. The Option is a non-qualified granted hereunder shall not be an incentive stock option under within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 4 contracts

Sources: Non Qualified Stock Option Agreement (Ceridian Corp /De/), Non Qualified Stock Option Agreement (Ceridian Corp /De/), Non Qualified Stock Option Agreement (Ceridian Corp /De/)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 Section 8 hereof) on the terms and subject to the conditions herein set forthforth in this Agreement. The This Option is a non-qualified not intended to be an “incentive stock option under option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 4 contracts

Sources: Non Qualified Stock Option Agreement (Digitiliti Inc), Non Qualified Stock Option Agreement (Digitiliti Inc), Non Statutory Stock Option Agreement (Mathstar Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand Twenty Five Thousand (200,00025,000) shares of Common Stock (the "Option SharesOption") (such number being subject to adjustment which Option is intended as provided in Paragraph 4 hereof) on the terms and conditions herein set fortha "nonqualified stock option". The Option is a non-qualified stock option under the Internal Revenue Code of 1986, in all respects limited and conditioned as amendedhereinafter provided.

Appears in 3 contracts

Sources: Stock Option Agreement (Derma Sciences Inc), Stock Option Agreement (Derma Sciences Inc), Stock Option Agreement (Derma Sciences Inc)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 250,000 shares of the Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions set forth herein set forth("Option"). The Option is a non-qualified stock option not intended to qualify under any section of the Internal Revenue Code of 1986, as amended, and is not granted under any plan.

Appears in 3 contracts

Sources: Stock Option Agreement (Parkervision Inc), Stock Option Agreement (Parkervision Inc), Stock Option Agreement (Parkervision Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 paragraph 8 hereof) on the terms and conditions herein set forthforth in this Agreement. The Option This option is a non-qualified not intended to be an "incentive stock option under option" within the meaning of section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 3 contracts

Sources: Nonqualified Stock Option Agreement (Acres Gaming Inc), Nonqualified Stock Option Agreement (Acres Gaming Inc), Nonqualified Stock Option Agreement (Acres Gaming Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000( ) shares of Common Stock (the "Option Shares") of the Company’s common stock, $1.00 par value (such number being subject the “Common Stock”), according to adjustment as provided in Paragraph 4 hereof) on the terms and subject to the conditions herein hereinafter set forthforth and as set forth in the Plan. The Option is a non-qualified not intended to be an “incentive stock option under option,” as that term is used in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 3 contracts

Sources: Non Statutory Stock Option Agreement (Ecolab Inc), Non Statutory Stock Option Agreement (Ecolab Inc), Non Statutory Stock Option Agreement (Ecolab Inc)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege, and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000( ) shares of Common Stock (the "Option Shares") of the Company’s common stock, $0.0001 par value (such number being subject the “Common Stock”), according to adjustment as provided in Paragraph 4 hereof) on the terms and subject to the conditions herein hereinafter set forthforth and as set forth in the Plan. The Option is a non-qualified not intended to be an “incentive stock option under option,” as that term is used in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 3 contracts

Sources: Non Statutory Stock Option Agreement (Biosante Pharmaceuticals Inc), Non Statutory Stock Option Agreement (Biosante Pharmaceuticals Inc), Non Statutory Stock Option Agreement (Biosante Pharmaceuticals Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 1,000,000 shares of Common Stock the common stock of the Company (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereofset forth herein) on the terms and conditions herein set forth. This Option may be exercised in whole or in part and from time to time as hereinafter provided. The Option granted under this Agreement is a non-qualified not intended to be an "incentive stock option under option" as set forth in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 3 contracts

Sources: Non Qualified Stock Option Agreement (CV Sciences, Inc.), Non Qualified Stock Option Agreement (CV Sciences, Inc.), Non Qualified Stock Option Agreement (CV Sciences, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and a non-qualified stock option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) number shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof6) on the terms and conditions herein hereinafter set forth. The Option is a non-qualified stock option under forth (the Internal Revenue Code of 1986, as amended“Option”).

Appears in 3 contracts

Sources: Stock Option Agreement (Savient Pharmaceuticals Inc), Stock Option Agreement (Savient Pharmaceuticals Inc), Non Qualified Stock Option Agreement (Savient Pharmaceuticals Inc)

Grant of Option. The Subject to the terms contained herein and in the Option Plan, the Company hereby grants to the Optionee as of the date set forth above, the right and option (hereinafter option, herein called the "Option") ," to purchase all or any part of an aggregate of two hundred thousand (200,000) 400,000 shares of Common Stock (the herein "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth). The Option is shall be a "non-qualified stock option under the Internal Revenue Code of 1986, as amendedoption."

Appears in 3 contracts

Sources: Non Qualified Stock Option Agreement (Heartsoft Inc), Non Qualified Stock Option Agreement (Heartsoft Inc), Non Qualified Stock Option Agreement (Heartsoft Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 5,000 shares of Common Stock the authorized and unissued $.10 par value common stock of the Company (the "Option Shares") (such number being subject pursuant to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth in this Agreement.

Appears in 3 contracts

Sources: Stock Option Agreement (Double Eagle Petroleum Co), Stock Option Agreement (Double Eagle Petroleum Co), Stock Option Agreement (Double Eagle Petroleum Co)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of two hundred thousand (200,000) shares of the Common Stock of the Company (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth”). The Option is a non-qualified intended to be an “incentive stock option under option” as defined in Section 422 of the Internal Revenue Code and is subject to the $100,000 limitation described in Section 4(b) of 1986, as amendedthe Plan.

Appears in 3 contracts

Sources: Incentive Stock Option Agreement (Angeion Corp/Mn), Incentive Stock Option Agreement (Angeion Corp/Mn), Incentive Stock Option Agreement (Angeion Corp/Mn)

Grant of Option. The Pursuant to and subject to the terms and conditions contained in this Agreement, the Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase from the Company all or any part number of an aggregate of two hundred thousand TWENTY-FIVE THOUSAND (200,00025,000) shares of Common Stock (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereof) which may be authorized but unissued shares or shares acquired by the Company on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedopen market or in private transactions.

Appears in 2 contracts

Sources: Stock Option Agreement (Fountain Powerboat Industries Inc), Stock Option Agreement (Fountain Powerboat Industries Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 6,000,000 shares of Common Stock the common stock of the Company (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereofset forth herein) on the terms and conditions herein set forth. This Option may be exercised in whole or in part and from time to time as hereinafter provided. The Option granted under this Agreement is a non-qualified not intended to be an "incentive stock option under option" as set forth in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (CV Sciences, Inc.), Non Qualified Stock Option Agreement (Mona Michael Joseph Jr)

Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 2,457,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein and subject to all the limitations set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth herein.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (Vincera, Inc.), Non Qualified Stock Option Agreement (Vincera, Inc.)

Grant of Option. The Company hereby grants has granted to the Optionee the right and option (hereinafter called referred to as the "Option") to purchase from time to time all or any part of an aggregate of two hundred thousand (200,000) 5,000 shares of Common Stock (the "Option Shares") of the Common Stock, $.001 par value, of the Company (such number being subject to adjustment as provided in Paragraph 4 hereof"Common Stock") on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth in this Agreement.

Appears in 2 contracts

Sources: Stock Option Agreement (Oroamerica Inc), Stock Option Agreement (Oroamerica Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part (but not as to a fractional share) of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 Section 9 hereof) on the terms and subject to the conditions herein set forthforth in this Agreement. The This Option is a non-qualified intended to be an “incentive stock option under option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Bridgewater Bancshares Inc), Incentive Stock Option Agreement (Bridgewater Bancshares Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of from the Company, on the terms and conditions set forth herein, an aggregate of two hundred thousand (200,000) 2,674,714 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth). The Option is a non-qualified stock option under the Internal Revenue Code of 1986shall vest and become exercisable in accordance with paragraph 3 below and shall terminate on October 1, as amended2009 if not sooner exercised.

Appears in 2 contracts

Sources: Stock Option Agreement (Oreilly Michael), Stock Option Agreement (Windswept Environmental Group Inc)

Grant of Option. The Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part a total of an aggregate of two hundred thousand One Hundred Ten Thousand (200,000110,000) shares of Common Stock (the "Option Shares") of its common stock (such number being the "Common Stock"), subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthforth herein. The Option number of Shares is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedsubject to adjustment pursuant to Section 7 hereof.

Appears in 2 contracts

Sources: Stock Option Agreement (Roanoke Technology Corp), Stock Option Agreement (Roanoke Technology Corp)

Grant of Option. The Company Optionee is hereby grants to the Optionee granted the right and option (hereinafter called the "Option") to purchase all or any part a total of an aggregate of two hundred thousand Two Hundred Fifty Thousand (200,000250,000) shares of Common Stock (the "Option SharesStock") of the common stock, no par value, of the Corporation (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth"Common Stock"). The Option is a non-qualified stock option NOT intended by the parties hereto to be, and shall NOT be treated as an Incentive Stock Option, as such term is defined under Section 422 of the Internal Revenue Code of 1986, as amended1986 (the "Code").

Appears in 2 contracts

Sources: Stock Option Agreement (Mb Software Corp), Stock Option Agreement (Mb Software Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter hereafter called the this "Option") ), to purchase all or any part of an aggregate of two hundred thousand (200,000) 250,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth herein.

Appears in 2 contracts

Sources: Stock Option Agreement (Siti-Sites Com Inc), Stock Option Agreement (Siti-Sites Com Inc)

Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of up to two hundred thousand shares (200,0002,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth in this Agreement.

Appears in 2 contracts

Sources: Stock Option Agreement (Reconditioned Systems Inc), Stock Option Agreement (Reconditioned Systems Inc)

Grant of Option. The Subject to the terms contained herein, Company hereby grants to Employee as of the Optionee date set forth above, the right and option (hereinafter option, herein called the "Option") ," to purchase all or any part of an aggregate of two hundred thousand One Million Nine Hundred Sixty Five One Hundred Sixty Five (200,0001,965,165) shares of the Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthStock. The Option is right to purchase the underlying shares shall constitute a nonNon-qualified stock option under the Internal Revenue Code of 1986Qualified Stock Option, as amendeddefined in the Plan.

Appears in 2 contracts

Sources: Stock Option Agreement (Harolds Stores Inc), Stock Option Agreement (Staffieri Ronald S)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "OptionOPTION") to purchase from the Company all or any part of an aggregate amount of two hundred thousand [NUMBER OF OPTION SHARES] shares (200,000the "OPTION SHARES") shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthforth in this Option Agreement and in the Plan. The This Option is a non-qualified not intended to constitute an incentive stock option under option, as defined in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "CODE").

Appears in 2 contracts

Sources: Stock Option Agreement (Firepond Inc), Stock Option Agreement (Firepond Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 300,000 shares of Common Stock the authorized and unissued $0.001 par value common stock of the Company (the "Option Shares") (such “Stock”)(such number being subject to adjustment as provided in Paragraph 4 hereofset forth herein) on the terms and conditions herein set forth. The This Option is a non-qualified stock option under the Internal Revenue Code of 1986, may be exercised in whole or in part and from time to time as amendedhereinafter provided.

Appears in 2 contracts

Sources: Stock Option Agreement (Siberian Energy Group Inc.), Stock Option Agreement (Siberian Energy Group Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 paragraph 8 hereof) on the terms and subject to the conditions herein set forthforth in this Agreement. The Option This option is a non-qualified not intended to be an "incentive stock option under option" within the meaning of section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (Golf Galaxy, Inc.), Non Qualified Stock Option Agreement (Golf Galaxy, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 500,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthStock. The Option is in all respects limited and conditioned as hereinafter provided. It is intended that the Option granted hereunder be a non-qualified nonqualified stock option under (“NQSO”) and not an incentive stock option (“ISO”) as such term is defined in section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 2 contracts

Sources: Employment Agreement (Sontra Medical Corp), Employment Agreement (Sontra Medical Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two one hundred fifteen thousand five hundred (200,000115,500) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (K Tel International Inc), Non Qualified Stock Option Agreement (K Tel International Inc)

Grant of Option. The Company hereby grants to the Optionee the right and a nonstatutory stock option (hereinafter called the "Option") to purchase all or any part (subject to adjustment pursuant to Section 9 of an aggregate of the Plan) up to two hundred fifty thousand (200,000250,000) fully paid and nonassessable shares of the Common Stock of the Company (the "Option Shares") (such number being subject ), to adjustment as provided in Paragraph 4 hereof) on be issued upon the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986exercise thereof, as amendedset forth below.

Appears in 2 contracts

Sources: Stock Option Agreement (Pro Tech Communications Inc), Stock Option Agreement (Pro Tech Communications Inc)

Grant of Option. The Company hereby grants to Optionee, in the Optionee manner and, subject to the right conditions hereinafter provided, the right, privilege and option to purchase (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand Three Hundred and Seventy-Five Thousand (200,000375,000) shares of Common Stock the Company's common stock, $.001 par value, (the "Shares" or "Common Stock"). This Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) is specifically conditioned on compliance with the terms and conditions set forth herein set forth. The and in the Company's 2000 Stock Option is a non-qualified stock option under Plan (the Internal Revenue Code of 1986, as amended"Plan).

Appears in 2 contracts

Sources: Nonqualified Stock Option Agreement (Aremissoft Corp /De/), Nonqualified Stock Option Agreement (Aremissoft Corp /De/)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 paragraph 8 hereof) on the terms and subject to the conditions herein set forthforth in this Agreement. The Option This option is a non-qualified intended to be an "incentive stock option under option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Golf Galaxy, Inc.), Incentive Stock Option Agreement (Golf Galaxy, Inc.)

Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of up to two thousand five hundred thousand shares (200,0002,500) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth in this Agreement.

Appears in 2 contracts

Sources: Stock Option Agreement (Reconditioned Systems Inc), Stock Option Agreement (Reconditioned Systems Inc)

Grant of Option. The Company hereby grants to the Optionee the right and a nonstatutory stock option (hereinafter called the "Option") to purchase all or any part (subject to adjustment pursuant to Section 9 of an aggregate of the Plan) up to two hundred thousand (200,000) fully paid and nonassessable shares of the Common Stock of the Company (the "Option Shares") (such number being subject ), to adjustment as provided in Paragraph 4 hereof) on be issued upon the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986exercise thereof, as amendedset forth below.

Appears in 2 contracts

Sources: Stock Option Agreement (Pro Tech Communications Inc), Stock Option Agreement (Pro Tech Communications Inc)

Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option (hereinafter called the "Option") option, to purchase all or any part of an aggregate of two hundred thousand (200,000) 2,500,000 common shares of Common Stock (the "Option Shares") (such “Option”), this number being subject to adjustment as provided in Paragraph 4 hereof) Section 8 of this Agreement, on the terms and conditions herein set forthforth in this Agreement. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedshall vest immediately.

Appears in 2 contracts

Sources: Option Agreement (XTOL Energy Inc.), Option Agreement (XTOL Energy Inc.)

Grant of Option. The Subject to and upon the terms and conditions set forth herein, the Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) up to 500,000 shares of Common Stock (the "Option Optioned Shares") (such number being subject from time to adjustment as provided in Paragraph 4 hereof) on time during the terms and conditions herein set forthoption term. The Option is a non-qualified stock option under Optioned Shares shall be entitled to any and all of the Internal Revenue Code of 1986accompanying rights, as amendedwarrants, or other benefits associated with the Common Stock in existence at the time which the Optionee elects to exercise such option.

Appears in 2 contracts

Sources: Stock Option Agreement (Alfa International Corp), Stock Option Agreement (Alfa International Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand _____________ (200,000_________) shares of the Common Stock of the Company (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth”). The Option is in all respects limited and conditioned as hereinafter provided. The Option granted hereunder is intended to be a non-qualified nonqualified stock option under (“NQSO”) and not an incentive stock option (“ISO”) as such term is defined in section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Drone Aviation Holding Corp.)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) shares 1,000,000 Common Shares of Common Stock beneficial interest of the Company (the "Option Shares") (such number being ), subject to adjustment as provided to, and in Paragraph 4 hereof) on accordance with, the terms and conditions herein set forthforth in this Agreement. The Option is a non-qualified stock option under not intended to qualify as an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Non Qualified Share Option Agreement (Charter Municipal Mortgage Acceptance Co)

Grant of Option. The Company hereby grants to the Optionee Optionee’s compensation, the right and option (hereinafter called the "Option") ”), to purchase all or any part of an aggregate of two hundred thousand Ten Million Thirty Seven Thousand Seven Hundred and Forty (200,00010,037,740) shares of the Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 paragraph 9 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth herein.

Appears in 1 contract

Sources: Option to Purchase Common Stock (Camp Nine, Inc.)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 100,000 shares of Common Stock (the "Option Shares") (of Common Stock, such number Shares being subject to adjustment as provided in Paragraph 4 7 hereof) , on the terms and conditions herein set forth. The Option is a non-qualified intended to constitute an incentive stock option under pursuant to Section 422 of the Internal Revenue Code Code, and subject to the terms of 1986the Plan and applicable law, this Agreement shall be construed so that the Option shall qualify as amendedan incentive stock option.

Appears in 1 contract

Sources: Employment Agreement (Bestway Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand up to shares (200,000the “Shares”) shares of Common Stock (the "Option Shares") (Stock, such number Shares being subject to adjustment as provided in Paragraph 4 7 hereof) , on the terms and conditions herein set forth. The Option is a nonNon-qualified stock option under the Internal Revenue Code of 1986, as amendedStatutory Stock Option and is not intended to be an Incentive Stock Option.

Appears in 1 contract

Sources: Non Statutory Stock Option Agreement (Primal Solutions Inc)

Grant of Option. 1.1 The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 25,000 whole shares of the Company's Common Stock Stock, $____ par value per share (the "Option Shares") (such number being subject to adjustment as provided to, and in Paragraph 4 hereof) on accordance with, the terms and conditions herein set forth. forth in this Agreement. 1.2 The Option is a non-qualified stock option under not intended to qualify as an Incentive Stock Option within the Internal Revenue Code meaning of 1986, as amendedSection 422 of the Code.

Appears in 1 contract

Sources: Employment Agreement (United Americas Bankshares Inc)

Grant of Option. (a) The Company hereby grants to the Optionee the right and an option (hereinafter called the "OptionOPTION") to purchase all or any part of an aggregate of two hundred thousand (200,000) 150,363 shares of Common Stock of the Company (such shares, the "Option SharesOPTION SHARES") (such number being subject to adjustment as provided in Paragraph 4 hereof) ), on the terms and conditions herein set forthforth in this Agreement and as otherwise provided in the Plan. The This Option is a non-qualified stock option under not intended to be treated as an Incentive Stock Option, as such term is defined in Section 422 of the Internal Revenue Code of 1986, as amended. This grant is subject to the Optionee becoming a party to the Stockholders Agreement (as defined in the Plan).

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Duane Reade Holdings Inc)

Grant of Option. The 1.1 Effective as of the Grant Date the Company hereby grants granted to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 750,000 whole shares of Common Stock common stock, par value $.0001 per share, of the Company. (the "Option Shares") (such number being subject to adjustment as provided to, and in Paragraph 4 hereof) on accordance with, the terms and conditions herein set forth. forth in this Agreement. 1.2 The Option is a non-qualified stock option under not intended to qualify as an Incentive Stock Option within the Internal Revenue Code meaning of 1986, as amendedSection 422 of the Code. 1.3 Certain capitalized terms used herein shall have the meanings ascribed to them in Section 19 hereof.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Neuromedical Systems Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock common stock of the Company (the "“Shares”) set forth above (the “Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) ”), at the Option Price per Share set forth above, on the terms and conditions herein set forthforth in this Agreement. The Option is a non-qualified not intended to be an “incentive stock option under option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Sources: Stock Option Agreement (Qumu Corp)

Grant of Option. The Company hereby grants to the Optionee Optionee, on the right terms and option conditions hereinafter provided, (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand up to 300,000 shares (200,000each a "Share") shares of Common Stock (the "Option SharesStock") (such number being ), subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedpursuant to Section 13 below.

Appears in 1 contract

Sources: Loan Agreement (Chapeau Inc)

Grant of Option. The Company hereby irrevocably grants to the Optionee Employee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred seventy-five thousand (200,00075,000) shares of Class A Common Stock Stock, par value $0.01 (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereof) ), on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth herein.

Appears in 1 contract

Sources: Stock Option Agreement (Apparel Ventures Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called referred to as the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") of common stock, $.01 par value, of the Company (such number being subject to adjustment as provided in Paragraph 4 hereofthe “Common Stock”) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth in this Agreement.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Newpark Resources Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 7 hereof) shares of the Stock (sometimes herein referred to as the "Shares") on the terms and conditions herein set forth. The Option granted herein is a non-qualified stock option under "nonqualified option" within the meaning of the Internal Revenue Code of 1986, as amendedthe United States.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Applied Data Communications Inc)

Grant of Option. (a) The Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 115,277 shares of Common Stock of the Company (such shares, the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthforth in this Agreement and as otherwise provided in the Plan. The This Option is a non-qualified stock option under not intended to be treated as an Incentive Stock Option, as such term is defined in Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Dri I Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthforth in the Plan and this Agreement. The Option This option is a non-qualified not intended to be an “incentive stock option under option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Non Incentive Stock Option Agreement (Rimage Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called referred to as the "Option") to purchase all or any part of an aggregate of two hundred thousand One Million (200,0001,000,000) shares of Common Stock (the "Option Shares") of common stock, $.001 par value, of the Company (such number being subject to adjustment as provided in Paragraph 4 hereofthe "Common Stock") at the times and on the terms and conditions herein set forthforth in this Agreement. The Option is shall be a non-qualified statutory stock option option” under the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Stock Option Agreement (Sulphco Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of two hundred thousand (200,000) ____________ shares of the Common Stock (of the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) Company on the terms and conditions herein set forth. The Option granted hereunder is a non-qualified intended to be an “incentive stock option under option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Lifecore Biomedical Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") ____ Shares (such number being subject to adjustment as provided in Paragraph 4 hereofparagraph 10 hereof and Section 8 of the Plan) of the Common Stock of the Company on the terms and conditions herein set forth. This Option may be exercised in whole or in part and from time to time as hereinafter provided. The Option granted under this Option Agreement is a non-qualified intended to be an "incentive stock option under option" as set forth in Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Temecula Valley Bancorp Inc)

Grant of Option. The Company hereby irrevocably grants to the Optionee Employee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 50,000 shares of Common Stock common stock, $.10 par value, of the Company (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthforth herein. The This Option is a non-qualified shall not be treated as an incentive stock option under within the meaning of section 422(b) of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Sources: Stock Option Agreement (Forest Oil Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 Section 8 hereof) on the terms and subject to the conditions herein set forthforth in this Agreement. The This Option is a non-qualified not intended to be an "incentive stock option under option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Incentive Compensation and Employment Agreement (Xdogs Com Inc)

Grant of Option. The Subject to the terms contained herein, the Company hereby grants to the Optionee Employee on the date set forth above the right and option (hereinafter herein called the "Option") ”), to purchase all or any part of an aggregate of two hundred thousand (200,000) 1,475,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth”). The Option is shall be a non-qualified incentive stock option under option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Sources: Non Incentive Stock Option Agreement (Turbochef Technologies Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 175,000 shares of Common Stock common stock of the Company (the "Option SharesOption") (such number being subject to adjustment which Option is intended as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. a "nonqualified stock option." The Option is a non-qualified stock option under the Internal Revenue Code of 1986, in all respects limited and conditioned as amendedhereinafter provided.

Appears in 1 contract

Sources: Stock Option Agreement (Derma Sciences Inc)

Grant of Option. The Company hereby grants to the Optionee the right and --------------- option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 70,000 shares of Common Stock (the "Option Shares") (such number being Stock, subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthhereinafter provided. The Option is a non-qualified stock option under the Internal Revenue Code of 1986in all respects limited and conditioned as provided herein, and as amendedit may be amended from time to time.

Appears in 1 contract

Sources: Stock Option Agreement (Total Research Corp)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred twenty thousand (200,00020,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Stock Option Agreement (Damark International Inc)

Grant of Option. The Company hereby grants has granted to the Optionee the right and option (hereinafter called referred to as the "Option") to purchase from time to time all or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") of the common stock, $.01 par value, of the Company (such number being subject to adjustment as provided in Paragraph 4 hereof“Common Stock”) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth in this Agreement.

Appears in 1 contract

Sources: Non Employee Director Stock Option Agreement (Newpark Resources Inc)

Grant of Option. The Company hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part a total of an aggregate of two hundred thousand Seventy Thousand (200,00070,000) shares of Common Stock (the "Option Shares") of its common stock (such number being the "Common Stock"), subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthforth herein. The Option number of Shares is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedsubject to adjustment pursuant to Section 7 hereof.

Appears in 1 contract

Sources: Stock Option Agreement (Roanoke Technology Corp)

Grant of Option. The Company hereby grants to the Optionee the right and an incentive stock option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof6) on the terms and conditions herein hereinafter set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Kv Pharmaceutical Co /De/)

Grant of Option. The Company hereby grants to the Optionee the right --------------- and option (hereinafter called the "Option") to purchase all or any part of from the Company an aggregate amount of two hundred fifty thousand (200,00050,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 5 hereof) on the terms and conditions herein set forth. The Option is a non-qualified not an incentive stock option under within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Xilinx Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") _______ Shares (such number being subject to adjustment as provided in Paragraph 4 hereofparagraph 10 hereof and Section 8 of the Plan) of the Common Stock of the Company on the terms and conditions herein set forth. This Option may be exercised in whole or in part and from time to time as hereinafter provided. The Option granted under this Option Agreement is a non-qualified intended to be an "incentive stock option under option" as set forth in Section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Temecula Valley Bancorp Inc)

Grant of Option. The Company hereby grants to the Optionee the right right, privilege, and option (hereinafter called the "Option") to purchase all or any part the Option Shares of an aggregate of two hundred thousand (200,000) shares of the Company's Common Stock (the "Option SharesCommon Stock") (such number being subject ), according to adjustment as provided in Paragraph 4 hereof) on the terms and subject to the conditions herein hereinafter set forthforth and as set forth in the Plan. The Subject to Section 10 of this Agreement, the Option is a non-qualified intended to be an "incentive stock option under option," as that term is used in Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Broadcom Corp)

Grant of Option. The Company hereby grants to the Optionee Optionee, in the right manner and subject to the conditions hereinafter provided, the right, privilege and option to purchase (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 3,256,810 shares of Common Stock (the "Option SharesStock") of the common stock (such number being subject to adjustment as provided in Paragraph 4 hereofthe “Common Stock”) of the Company, no par value. This Option is specifically conditioned on compliance with the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth herein.

Appears in 1 contract

Sources: Stock Option Agreement (V2K International Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of two hundred thousand (200,000) ____________ shares of the Common Stock (of the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) Company on the terms and conditions herein set forth. The It is intended that the Option is a non-qualified shall constitute an incentive stock option under as defined in Section 422A of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Transport Corporation of America Inc)

Grant of Option. The Company hereby grants to the Optionee the right and Participant an option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 000 shares of Common Stock (the "Option “Optioned Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) of the Company’s Common Stock, on the terms and conditions herein set forthforth herein. The Option is a non-qualified not, and is not intended to meet the requirements for, an incentive stock option under within the Internal Revenue Code meaning of 1986, as amendedSection 422 of the Code.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Getty Images Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock set forth above (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 paragraph 8, hereof) on the terms and conditions herein set forthforth in this Agreement. The Option This option is a non-qualified NOT intended to be an "incentive stock option under option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Vital Images Inc)

Grant of Option. The Company hereby irrevocably grants to the Optionee Grantee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand One Hundred Fifty Thousand (200,000150,000) shares of the common stock of Company ("Common Stock Stock"), par value $.01 per share (the "Option Shares") which option shall constitute an "incentive stock option" under the Plan, at those purchase prices listed in Paragraphs 4 and 5 hereof (such number being the "Option Prices"), during the period and subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein hereinafter set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Stock Option Agreement (Rare Medium Group Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part the number of an aggregate of two hundred thousand (200,000) shares of Common Stock set forth on Exhibit A attached hereto (the "Option Shares") (), such number Shares being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions 6 herein set forth. The Option is a non-qualified "nonqualified stock option option" and is not intended to constitute an "incentive stock option" under the provisions of section 422 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Migratec Inc)

Grant of Option. The Company hereby grants to the Optionee the right and an option --------------- (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 10,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein hereinafter set forth. The Option is a non-qualified stock option under not intended to qualify as an "Incentive Stock Option" within the meaning of Section 422(b) of the Internal Revenue Code of 1986, as amended("code").

Appears in 1 contract

Sources: Stock Option Agreement (Click Commerce Inc)

Grant of Option. The Company hereby grants to ▇▇▇▇▇▇▇▇ the Optionee the --------------- right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred fifty thousand (200,00050,000) shares of Common Stock the Company's common stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) at the option price of $2.81 per share on the terms and conditions herein set forthforth in this agreement and in the Plan. The Option is a non-qualified stock option under shall not be an Incentive Stock Option governed by the provisions of Section 422 of the Internal Revenue Code of 1986, as amended. A copy of the Plan will be furnished upon request of ▇▇▇▇▇▇▇▇.

Appears in 1 contract

Sources: Employment Agreement (Verdant Brands Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred forty thousand (200,00040,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Stock Option Agreement (Damark International Inc)

Grant of Option. The Company hereby grants to the Optionee the right and a non-qualified stock option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 150,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof7) on the terms and conditions herein hereinafter set forth. The Option is a non-qualified stock option under forth (the Internal Revenue Code of 1986, as amended“Option”).

Appears in 1 contract

Sources: Stock Option Agreement (Savient Pharmaceuticals Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 400,000 shares of Common Stock (the "Option Shares") $0.01 par value common stock of the Company (such number being is subject to adjustment as provided in Paragraph 4 hereof7 hereof and is hereinafter called the "Option Shares") on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Employment Agreement (United Park City Mines Co)

Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 20,000 shares of Common Stock common stock, $.50 par value, of the Company (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereof) ), on the terms and conditions herein set forthforth herein. The This Option is a non-qualified shall not be treated as an incentive stock option under within the meaning of Section 422(b) of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Comstock Resources Inc)

Grant of Option. The Company Corporation hereby grants to the Optionee the right and an option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 2,250 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on ”), upon the terms and conditions herein hereinafter set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Stock Option Agreement (Prosperity Bancshares Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option Option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate amount of two hundred thousand (200,000) shares of the Common Stock (of the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) Company on the terms and conditions herein set forth. The It is intended that the Option is a non-qualified shall constitute an incentive stock option under option, as defined in Section 422A of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Arctic Cat Inc)

Grant of Option. The Company hereby grants to the Optionee the right and a non-qualified stock option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 250,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof6) on the terms and conditions herein hereinafter set forth. The Option is a non-qualified stock option under forth (the Internal Revenue Code of 1986, as amended“Option”).

Appears in 1 contract

Sources: Stock Option Agreement (Savient Pharmaceuticals Inc)

Grant of Option. The Company hereby irrevocably grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 Article 6 hereof) on the terms and conditions herein set forth. The Optionee acknowledges that the Option is a non-qualified an "incentive option" within the meaning of an "incentive stock option under plan" and Section 422A of the Internal Revenue Code of 1986, as amended, and that it is being granted pursuant to the Plan.

Appears in 1 contract

Sources: Stock Option Agreement (Hjelms Jim Private Collection LTD /De/)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an the aggregate number of two hundred thousand (200,000) shares of Common Stock stated above (the "Option Shares") (such on the terms and conditions set forth in this Agreement. The number being of Option Shares is subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code paragraph 12 of 1986, as amendedthis Agreement.

Appears in 1 contract

Sources: Director’s Non Qualified Stock Option Agreement (Virtualfund Com Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 50,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forthStock. The Option is in all respects limited and conditioned as hereinafter provided. It is intended that the Option granted hereunder be a non-qualified nonqualified stock option under (“NQSO”) and not an incentive stock option (“ISO”) as such term is defined in section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Echo Therapeutics, Inc.)

Grant of Option. The Subject to the terms of this Agreement, the Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase from the Company all or any part of an aggregate of two hundred thousand (200,000) 3,150,000 shares of the Common Stock of the Company (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth“Option”). The Option granted under this Agreement is a non-qualified not intended to be an “incentive stock option option” under Section 422 of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Sources: Stock Option Agreement (Cryoport, Inc.)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 50,000 shares of Common Stock common stock of the Company (the "Option SharesOption") (such number being subject to adjustment which Option is intended as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. a "nonqualified stock option." The Option is a non-qualified stock option under the Internal Revenue Code of 1986, in all respects limited and conditioned as amendedhereinafter provided.

Appears in 1 contract

Sources: Stock Option Agreement (Derma Sciences Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) shares of Common Stock (the "Option Shares") of the common stock, $0.01 par value per share (such number being subject to adjustment the “Common Stock”), of the Company as provided in Paragraph 4 hereof) noted below: on the terms and conditions herein set forthforth herein. The Option is a non-qualified not entitled to treatment as an incentive stock option under within the meaning of Section 422A of the Internal Revenue Code of 1986, as amendedamended (the “Code”).

Appears in 1 contract

Sources: Director Non Qualified Stock Option Agreement (CVRx, Inc.)

Grant of Option. The Company hereby grants to the Optionee Participant the right and option (hereinafter called the "Option") to purchase all purchase, in whole or any part of in part, an aggregate of two hundred thousand (200,000) ___ shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth”). The Option is intended to be a non-qualified stock option under the Internal Revenue Code of 1986, as amendedNonstatutory Stock Option.

Appears in 1 contract

Sources: Nonstatutory Stock Option Award Agreement (Sonus Networks Inc)

Grant of Option. The Company hereby grants to the Optionee the right and a non-qualified stock option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 250,000 shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof7) on the terms and conditions herein hereinafter set forth. The Option is a non-qualified stock option under forth (the Internal Revenue Code of 1986, as amended“Option”).

Appears in 1 contract

Sources: Stock Option Agreement (Savient Pharmaceuticals Inc)

Grant of Option. The Company hereby irrevocably grants to the Optionee Employee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred fifty thousand (200,00050,000) shares of Class A Common Stock Stock, par value $0.01 (the "Option SharesStock") (such number being subject to adjustment as provided in Paragraph 4 hereof) ), on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amendedforth herein.

Appears in 1 contract

Sources: Stock Option Agreement (Apparel Ventures Inc)

Grant of Option. The Company hereby grants to the Optionee the right and a nonstatutory stock option (hereinafter called the "Option") to purchase all or any part (subject to adjustment pursuant to Section 9 of an aggregate of two the Plan) up to five hundred forty thousand (200,000540,000) fully paid and nonassessable shares of the Common Stock of the Company (the "Option Shares") (such number being subject ), to adjustment as provided in Paragraph 4 hereof) on be issued upon the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986exercise thereof, as amendedset forth below.

Appears in 1 contract

Sources: Stock Option Agreement (Pro Tech Communications Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 20,000 shares of Common Stock common stock of the Company (the "Option SharesOption") (such number being subject to adjustment which Option is intended as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. a "nonqualified stock option." The Option is a non-qualified stock option under the Internal Revenue Code of 1986, in all respects limited and conditioned as amendedhereinafter provided.

Appears in 1 contract

Sources: Stock Option Agreement (Derma Sciences Inc)

Grant of Option. The Company Corporation hereby grants to the Optionee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand (200,000) 150,000 shares of Common Stock (Stock. It is intended that the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereof) on the terms and conditions herein set forth. The Option is granted hereunder be a non-qualified stock option ("NQSO") and is not intended to constitute an incentive stock option ("ISO") under Section 422 of the Internal Revenue Code of 1986, as amendedamended (the "Code").

Appears in 1 contract

Sources: Stock Option Agreement (Tangram Enterprise Solutions Inc)

Grant of Option. The Company hereby grants to the Optionee Employee the right and option (hereinafter called the "Option") to purchase all or any part of an aggregate of two hundred thousand 30,000 shares (200,000the “Shares”) shares of Common Stock (the "Option Shares") (Stock, such number Shares being subject to adjustment as provided in Paragraph 4 8 hereof) , on the terms and conditions herein set forth. The Option is a non-qualified stock option under the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Sources: Employee Nonqualified Stock Option Agreement (Tandy Brands Accessories Inc)

Grant of Option. The Company hereby grants to the Optionee the right and option (hereinafter called the "Option" or the "Options") to purchase all or any part of an aggregate of two hundred thousand (200,000) ______ shares of Common Stock (the "Option Shares") (such number being subject to adjustment as provided in Paragraph 4 hereofSection 7 hereof and hereinafter called the "Option Shares") on the terms and conditions herein set forth. The Option is intended to be a non-qualified nonstatutory stock option under the Internal Revenue Code of 1986, as amendedoption.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Valueclick Inc/Ca)