Common use of Option; Option Price Clause in Contracts

Option; Option Price. The Company hereby grants to the Optionee an option (the "Option") to purchase, upon and subject to the terms and conditions of this Agreement and the Plan (which are incorporated by reference herein and which in all cases shall control in the event of any conflict with the terms, definitions and provisions of this Agreement), [NUMBER] shares of Class B Stock (the "Option Shares") at the price of $100.00 per share (the "Option Price"), which Option IS intended to qualify for Federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 2 contracts

Sources: Nontransferable Performance Based Incentive Stock Option Agreement (Berry Plastics Corp), Nontransferable Performance Based Incentive Stock Option Agreement (BPC Holding Corp)

Option; Option Price. The Company hereby grants On the terms and subject to the conditions of the Plan and this Agreement, the Optionee an shall have the option (the "OptionOPTION") to purchase, upon and subject purchase up to the terms and conditions of this Agreement and the Plan (which are incorporated by reference herein and which in all cases shall control in the event of any conflict with the terms, definitions and provisions of this Agreement), [NUMBER] 79,599 shares of Class B Common Stock (the "Option SharesOPTIONS") at the price of $100.00 10.89 per share (the "OPTION PRICE") at the times and in the manner provided herein. Payment of the Option Price"), which Price may be made in the manner specified by Section 10(a) of the Plan. The Option IS is not intended to qualify for Federal federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended.

Appears in 2 contracts

Sources: Employment Agreement (Guitar Center Inc), Employment Agreement (Guitar Center Inc)

Option; Option Price. The Company hereby grants On the terms and subject to the Optionee an conditions of the Plan and this Agreement, the Grantee shall have the option (the "Option") to purchase, upon and subject purchase up to the terms and conditions of this Agreement and the Plan (which are incorporated by reference herein and which in all cases shall control in the event of any conflict with the terms, definitions and provisions of this Agreement), [NUMBER[ ] shares of Class B Common Stock (the "Option Shares") at the price of $100.00 [ ] per share Option Share (the "Option Price"), which ) at the times and in the manner provided herein. Payment of the Option IS Price may be made in the manner specified by Article VII of the Plan. The Option is intended to qualify for Federal federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended.

Appears in 2 contracts

Sources: Performance Stock Option Plan (Faroudja Inc), 1997 Performance Stock Option Plan (Sage Inc/Ca)

Option; Option Price. The Company hereby grants On the terms and subject to the Optionee an conditions of the Plan and this Agreement, the Grantee shall have the option (the "Option") to purchase, upon and subject purchase up to the terms and conditions of this Agreement and the Plan (which are incorporated by reference herein and which in all cases shall control in the event of any conflict with the terms, definitions and provisions of this Agreement), [NUMBER[ ] shares of Class B Common Stock (the "Option Shares") at the price of $100.00 [ ] per share Option Share (the "Option Price"), which ) at the times and in the manner provided herein. Payment of the Option IS Price may be made in the manner specified by Article VII of the Plan. The Option is not intended to qualify for Federal federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended.

Appears in 2 contracts

Sources: Performance Stock Option Plan (Faroudja Inc), 1997 Performance Stock Option Plan (Sage Inc/Ca)

Option; Option Price. The Company hereby grants to On the Optionee an option (the "Option") to purchase, upon terms and subject to the terms and conditions of this Agreement and the Plan (which are incorporated by reference herein and which in all cases shall control in the event of any conflict with the terms, definitions and provisions of this Agreement), [NUMBER] the Grantee shall have the option (the “Option”) to purchase up to _____ shares of Class B Common Stock (the "Option Shares") at the price of $100.00 ______ per share Option Share (the "Option Price"), which ”) at the times and in the manner provided herein. Payment of the Option IS Price shall be made in the manner specified by Article VI of the Plan. The Option is not intended to qualify for Federal federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Cheesecake Factory Incorporated)

Option; Option Price. The Pursuant to said action of the Committee, the Company hereby grants has granted to the Optionee an the option (the "Option") to purchase, upon and subject to the terms and conditions of this Agreement and the terms and conditions of the Plan (which are hereby incorporated by reference herein and which in all cases shall control in the event of any conflict with the terms, definitions and provisions of this Agreementherein), [NUMBER] ______ shares of Class B Stock (the "Option Shares") of Common Stock of the Company at the price of $100.00 12.00 per share (the "Option Price"), which Option IS is intended to qualify for Federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Synaptic Pharmaceutical Corp)

Option; Option Price. The Pursuant to said action of the Committee, the Company hereby grants has granted to the Optionee an the option (the "Option") to purchase, upon and subject to the terms and conditions of this Agreement and the terms and conditions of the Plan (which are hereby incorporated by reference herein and which in all cases shall control in the event of any conflict with the terms, definitions and provisions of this Agreementherein), [NUMBER] 150,000 shares of Class B Stock (the "Option Shares") of Common Stock of the Company at the price of $100.00 5.52 per share (the "Option Price"), which Option IS is not intended to qualify for Federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Synaptic Pharmaceutical Corp)

Option; Option Price. The Company hereby grants On the terms and subject to this Agreement, the Optionee an Grantee shall have the option (the "Option") to purchase, upon and subject purchase up to the terms and conditions number of this Agreement and the Plan (which are incorporated by reference herein and which in all cases shall control in the event of any conflict with the terms, definitions and provisions of this Agreement), [NUMBER] shares of Class B Common Stock (the "Option Shares") indicated on the schedule set forth at the end of this Stock Option Agreement (the "Grantee Schedule") at the price of $100.00 per share Option Share set forth on the Grantee Schedule (the "Option Price"), which ) at the times and in the manner provided herein. The Option IS intended to does not qualify for Federal federal income tax purposes as an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")amended. Options may only be exercised to purchase whole shares.

Appears in 1 contract

Sources: Stock Option Agreement (Sage Inc/Ca)