Grants. The Committee shall have the authority to grant to any Participant one or more Incentive Stock Options, Nonqualified Stock Options, or both types of Options, provided that Incentive Stock Options shall not be granted to any non-Employee Director. To the extent that any Option does not qualify as an Incentive Stock Option (whether because of its provisions or the time or manner of its exercise or otherwise), such Option or the portion thereof which does not qualify shall constitute a separate Nonqualified Stock Option.
Grants. The Committee shall havemay grant stock options alone or in addition to other Awards granted under the authority to grantPlan to any Participant one or more Incentive Stock Options, Nonqualified Stock Options, or both typesParticipant. Each person so selected shall be offered an option to purchase the number of Options, provided that Incentive Stock OptionsShares determined by the Committee. The Committee shall not be granted to any non-Employee Director. To the extent that any Option does not qualify asspecify whether such option is an Incentive Stock Option (whether becauseor Nonqualified Stock Option and any other terms and conditions relating to such Award, including whether the option is exercisable for Restricted Stock rather than unrestricted Shares. Each such person so selected shall have a reasonable period of its provisionstime within which to accept or reject the time or manneroffered option. Failure to accept within the period so fixed by the Committee may be treated as a rejection. Each person who accepts an option shall enter into a written agreement with the Company, in such form as the Committee may prescribe, setting forth the terms and conditions of its exercise or otherwise), suchthe option (including the extent to which the option is an Incentive Stock Option or the portion thereof which does not qualify shall constitute a separate Nonqualified Stock Option.Option), consistent with the provisions of the Plan.
Grants.Section # Grant of Options. Subject to the terms and provisions of the Plan, the Committee may grant Options to any Employee in such amounts as the Committee may determine. The Committee shall have the authority tomay grant to any Participant one or more Incentive Stock Options, Nonqualified Stock Options, or both typesany combination thereof. The Committee shall determine the number of Options, provided thatShares subject to each Option, subject to the express limitations of the Plan, including [Article XII]. Furthermore, no Participant may be granted Incentive Stock Options shall not beunder this Plan (when combined with incentive stock options granted tounder any non-Employee Director.other plan of the Company or an Affiliate) that would result in Shares with an aggregate Fair Market Value (determined as of the Grant Date(s)) of more than first becoming exercisable in any one calendar year. To the extent that any Option does not qualify as ana purported Incentive Stock Option (whether because of its provisions orwould violate the time or manner of its exercise or otherwise), suchlimitation specified in the preceding sentence, the Option or the portion thereof which does not qualify shall constitutebe deemed a separate Nonqualified Stock Option.
Grants. The Committee shall have the authority tomay grant to any Participant one or more Incentive Stock Options, Nonqualified Stock Options, or both types of Options, provided thatOptions designated as Incentive Stock Options shall not be granted to any non-Employee Director. To the extent that any Option does not qualify as an Incentive Stock Option (whether because of its provisions or the time or manner of its exercise or otherwise), such Option or the portion thereof which does not qualify shall constitute a separate Nonqualified Stock Option.Options.
Grants. The Committee shall have the authority to grant to any Participant one or more Incentive Stock Options, Nonqualified Stock Options, or both typesGrant of Options, provided that Incentive StockOptions. Options shall notmay be granted to Participants in such number, and upon such terms, and at any non-Employee Director. Totime and from time to time as shall be determined by the extent that anyCommittee, in its sole discretion. Each grant of an Option does not qualify asshall be evidenced by an Award Agreement which shall specify whether the Option is in the form of a Nonqualified Stock Option or an Incentive Stock Option (whether because of its provisions or the time or manner of its exercise or otherwise), such Option or the portion thereof which does not qualify shall constitute a separate Nonqualified Stock Option.
Grants. TheGrant. Subject to the terms and conditions of the Plan, Stock Options may be granted to Eligible Persons at any time and from time to time, as shall be determined by the Committee. Stock Options granted under the Plan may be either of two types, which shall be indicated in the related Award Agreement: Incentive Stock Options or Non-Qualified Stock Options. Subject to [Section 8(c)] hereof, the Committee shall have the authority to grant to any Participant one or moreEligible Person Incentive Stock Options, Nonqualified Stock Options, or both types of Options, provided that IncentiveNon-Qualified Stock Options shall not be granted to any non-Employee Director. To the extent that any Option does not qualify as an Incentive Stock Option (whether because of its provisions or the time or manner of its exercise or otherwise), such Option or the portion thereof which does not qualify shall constitute a separate Nonqualified Stock Option.combination thereof.
Grants. TheGrant. Subject to the provisions of the Plan, the Committee shall have thesole and complete authority to grantdetermine the Participants to any Participant one or morewhom Options shall be granted, the number of Shares subject to each Award, the exercise price and the conditions and limitations applicable to the exercise of an Option. A person who has been granted an Option under this Plan may be granted additional Options under the Plan if the Committee shall so determine. Options granted under this Plan may be Incentive Stock Options, NonqualifiedNon-Qualified Stock Options,Options or both typesa combination of Options,the foregoing, provided that Incentive Stock Options shall notmay be granted only to any non-Employee Director. ToEmployees. Each grant shall specify whether (or the extent that anyto which) the Option does not qualify asis an Incentive Stock Option (whether becauseor a Non-Qualified Stock Option. Notwithstanding any such designation, to the extent that the aggregate Fair Market Value of its provisions or the Shares with respect to which Options designated as Incentive Stock Options are exercisable for the first time or mannerby a Participant during any calendar year (under all Plans of its exercise or otherwise)the Company) exceeds , such Option or the portion thereof which does not qualifyOptions shall constitute a separate Nonqualifiedbe treated as Non-Qualified Stock Option.Options.
Grants.GRANT OF OPTIONS. Subject to the terms and provisions of the Plan, Options may be granted, either by the Committee or the Board, to one or more Participants in such number, and upon such terms, and at any time and from time to time as shall be determined by the Committee. The Committee or the Board shall have the authority to grant Incentive Stock Options or to any Participant onegrant Nonqualified Stock Options or moreto grant both types of Options. In the case of Incentive Stock Options, Nonqualifiedthe terms and conditions of such grants shall be subject to, and comply with, such rules as may be prescribed by Section 422 of the Code, as from time to time amended, and any regulations implementing such statute, including, without limitation, the requirements of Code Section 422(d) which limit the aggregate Fair Market Value of Shares (determined at the time that such Option is granted) for which Incentive Stock Options, or both types of Options, providedOptions are exercisable for the first time to per calendar year, and the requirement that Incentive Stock Options shall notmay only be granted to any non-Employee Director. ToEmployees. Each provision of the extent that anyPlan and of each written Award Agreement relating to an Option does not qualifydesignated as an Incentive Stock Option (whether because of its provisions or the time or manner of its exercise or otherwise),shall be construed so that such Option or the portion thereof which does not qualifyqualifies as an Incentive Stock Option, and any provision that cannot be so construed shall constitute a separate Nonqualified Stock Option.be disregarded.
Grants.Grant. Subject to the terms and conditions of the Plan, Stock Options may be granted to Eligible Directors at any time and from time to time, as shall be determined by the Committee. The Committee shall havedetermine the authorityEligible Directors to grant to any Participant one or more Incentive Stock Options, Nonqualified Stock Options, or both types of Options, provided that Incentive Stock Options shall not be granted to any non-Employee Director. To the extent that any Option does not qualify as an Incentive Stock Option (whether because of its provisions orwhom, and the time or mannertimes at which, grants of its exerciseStock Options will be made; the number of shares purchasable under each Stock Option; the time or otherwise), suchtimes or conditions at which Stock Options will vest and become exercisable or be forfeited; and the other terms and conditions of the Stock Options (and the related Option orAward Agreements) in addition to those set forth in [Sections 5 and 7(b)])]. All Stock Options granted under the portion thereof which does not qualifyPlan shall constitute a separate Nonqualifiedbe Non-Qualified Stock Option.Options.
Grants. The CommitteeAdministrator shall have the authority to grant to any Participant one or more Incentive Stock Options, NonqualifiedNon-Qualified Stock Options,Options or both types of Options, provided thatStock Options. Incentive Stock Options shall notmay be granted only to any non-Employee Director.associates of the Company and its subsidiaries (within the meaning of Section 424(f) of the Code). To the extent that any Stock Option is not designated as an Incentive Stock Option or, even if so designated, does not qualify as an Incentive Stock Option (whether because of its provisions or the time or manner of its exercise or otherwise), such Option or the portion thereof which does not qualifyOption, it shall constitute a separate NonqualifiedNon-Qualified Stock Option. Incentive Stock Options may be granted only within 10 years from the date the Plan is adopted, or the date the Plan is approved by the Company’s stockholders, whichever is earlier.
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