Common use of Nonstatutory Option Clause in Contracts

Nonstatutory Option. In consideration of your agreement contained in this letter, the Company hereby grants to you a nonstatutory option (the "Option") to purchase from the Company up to 348,771 shares of common stock of the Company ("Company Stock") at a price of $10.1250 per share (the "Option Price").

Appears in 1 contract

Sources: Stock Option Agreement (Cornerstone Realty Income Trust Inc)

Nonstatutory Option. In consideration of your agreement contained in this letter, the Company hereby grants to you a nonstatutory option (the "Option") to purchase from the Company up to 348,771 355,111 shares of common stock of the Company ("Company Stock") at a price of $10.1250 10 per share (the "Option Price").

Appears in 1 contract

Sources: Stock Option Agreement (Apple Residential Income Trust Inc)