Grants. The Committee may grant stock options alone or in addition to other Awards granted under the Plan to any Participant. Each person so selected shall be offered an option to purchase the number of Shares determined by the Committee. The Committee shall specify whether such option is an Incentive Stock Option or 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 time within which to accept or reject the offered 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 the option (including the extent to which the option is an Incentive Stock Option or Nonqualified Stock Option), consistent with the provisions of the Plan.
Grants. TheGrant. Subject to the provisions of the Plan, the Committee may grant stock options alone or in additionshall have sole and complete authority to other Awards granted underdetermine the PlanParticipants to any Participant. Each person so selectedwhom Options shall be offered an option to purchasegranted, the number of Shares determined bysubject to each Award, the Committee. Theexercise 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, Non-Qualified Stock Options or a combination of the foregoing, provided that Incentive Stock Options may be granted only to Employees. Each grant shall specify whether such option(or the extent to which) the Option is an Incentive Stock Option or Nonqualifieda Non-Qualified Stock Option andOption. Notwithstanding any other terms and conditions relatingsuch designation, to such Award, including whether the option isextent that the aggregate Fair Market Value of the Shares with respect to which Options designated as Incentive Stock Options are exercisable for Restricted Stock rather than unrestricted Shares. Eachthe first time by a Participant during any calendar year (under all Plans of the Company) exceeds β, such person so selectedOptions shall have a reasonable period of time within which to accept or reject the offered 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 the option (including the extent to which the option is an IncentiveNon-Qualified Stock Option or Nonqualified Stock Option), consistent with the provisions of the Plan.Options.
Grants. The CommitteeGrant of Options. Options may grant stock options alone orbe granted to Participants in additionsuch number, and upon such terms, and at any time and from time to other Awards granted under the Plan to any Participant. Each person so selectedtime as shall be offered an option to purchase the number of Shares determined by the Committee. The CommitteeCommittee, in its sole discretion. Each grant of an Option shall be evidenced by an Award Agreement which shall specify whether such optionthe Option is in the form of a Nonqualified Stock Option or an Incentive Stock Option or 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 time within which to accept or reject the offered 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 the option (including the extent to which the option is an Incentive Stock Option or Nonqualified Stock Option), consistent with the provisions of the Plan.Option.
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 may grant stock options aloneIncentive Stock Options, Nonqualified Stock Options, or in addition to other Awards granted under the Plan to any Participant. Each person so selectedcombination thereof. The Committee shall be offered an option to purchasedetermine the number of Shares determined bysubject to each Option, subject to the Committee. The Committee shall specify whether such option isexpress limitations of the Plan, including [Article XII]. Furthermore, no Participant may be granted Incentive Stock Options under this Plan (when combined with incentive stock options granted under any 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 β first becoming exercisable in any one calendar year. To the extent that a purported Incentive Stock Option orwould violate the limitation specified in the preceding sentence, the Option shall be deemed a 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 time within which to accept or reject the offered 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 the option (including the extent to which the option is an Incentive Stock Option or Nonqualified Stock Option), consistent with the provisions of the Plan.Option.
Grants. TheSubject to the limitations of the Plan, the Committee maymay, in its discretion, grant stock options alone or in addition to other Awards granted under the Plan to any Participant. Each person so selected shall be offereda Participant an optionOption to purchase the number of Shares determined by the Committee. The Committee shall specify whether such option isShares. An Option must be designated as either an Incentive Stock Option or Nonqualifieda Non-Qualified Stock Option and any other terms and conditions relating to such Award, including whether the option is exercisable for Restrictedand, if not designated as either, shall be a Non-Qualified Stock rather than unrestricted Shares. Each such person so selected shall have a reasonable period of time within which to accept or reject the offered 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 the option (including the extent to which the option is an Incentive Stock Option or Nonqualified Stock Option), consistent with the provisions of the Plan.Option.
Grants. The Committee may grant stock options alone or in additionGrant. Subject to other Awards granted under the Plan to any Participant. Each person so selected shall be offered an option to purchase the number of Shares determined by the Committee. The Committee shall specify whether such option is an Incentive Stock Option or 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 time within which to accept or reject the offered 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 the option (includingPlan, Stock Options may be granted to Eligible Persons at any time and from time to time, as shall be determined by the extent toCommittee. Stock Options granted under the Plan may be either of two types, which shall be indicated in the option is anrelated Award Agreement: Incentive Stock OptionOptions or NonqualifiedNon-Qualified Stock Option), consistent withOptions. Subject to [Section 8(c)] hereof, the provisions ofCommittee shall have the Plan.authority to grant to any Eligible Person Incentive Stock Options, Non-Qualified Stock Options or a combination thereof.
Grants. The Committee mayshall have the authority to grant stock options alone or in addition to other Awards granted under the Plan to any Participant. Each person so selectedParticipant one or more Incentive Stock Options, Nonqualified Stock Options, or both types of Options, provided that Incentive Stock Options shall not be offered an optiongranted to purchaseany non-Employee Director. To the number of Shares determined by the Committee. The Committee shall specify whether such option isextent 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 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 time within which to accept or reject the offered 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 the option (including the extent to which the option is an Incentive Stock Option or Nonqualified Stock Option), consistent with the provisions of the Plan.Option.
Grants. TheGRANT OF OPTIONS. Subject to the terms and provisions of the Plan, Options may be granted, either by the Committee may grant stock options alone or the Board, to one or more Participants in additionsuch number, and upon such terms, and at any time and from time to other Awards granted under the Plan to any Participant. Each person so selectedtime as shall be offered an option to purchase the number of Shares determined by the Committee. The Committee or the Board shall specify whether such option is anhave the authority to grant Incentive Stock OptionOptions or to grant Nonqualified Stock Option and any other terms and conditions relatingOptions or to such Award, including whethergrant both types of Options. In the option is exercisable for Restrictedcase of Incentive Stock rather than unrestricted Shares. Each such person so selected shall have a reasonable period of time within which to accept or reject the offered 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 forthOptions, the terms and conditions of such grants shall be subject to, and comply with, such rules as may be prescribed by Section 422 of the option (includingCode, as from time to time amended, and any regulations implementing such statute, including, without limitation, the extentrequirements 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 are exercisable for the first time to whichβ per calendar year, and the option isrequirement that Incentive Stock Options may only be granted to Employees. Each provision of the Plan and of each written Award Agreement relating to an Option designated as an Incentive Stock Option or Nonqualifiedshall be construed so that such Option qualifies as an Incentive Stock Option), consistent with the provisions of the Plan.Option, and any provision that cannot be so construed shall be disregarded.
Grants. The Committee may grant stock options alone or in addition to other AwardsOptions granted under the Plan to any Participant. Each person so selectedEligible Persons shall be offered an option to purchase the number of Shares determinedeither Incentive Stock Options or Nonqualified Stock Options, as designated by the Committee. The CommitteeCommittee; provided, however, that Incentive Stock Options may be granted only to Eligible Persons who are [Section 422] Employees on the Date of Grant. Each Option granted under the Plan shall specify whether such option isbe identified as either a Nonqualified Stock Option or an Incentive Stock Option or 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 time within which to accept or reject the offered option. Failure to accept within the period so fixedbe evidenced 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 forthAgreement that specifies the terms and conditions of the option (includingOption. Notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which the option is an Incentive Stock OptionOptions are exercisable for the first time by the optionee during any calendar year (under all plans of the Company and any parent or subsidiary corporation) exceeds β, such Incentive Stock Options shall be treated as Nonqualified Stock Option)Options. For purposes of this [Section 6.1], consistentIncentive Stock Options shall be taken into account in the order in which they were granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares was granted. Options shall be subject to the terms and conditions set forth in this [Section 6] and such other terms and conditions not inconsistent with the provisionsPlan as the Committee may specify. The Committee, in its discretion, may condition the grant or vesting of an Option upon the Plan.achievement of one or more specified Performance Goals.
Grants. TheOption Grant. Whenever the Committee maydeems it appropriate to grant stock options alone or in addition to other Awards granted under the Plan to any Participant. Each person so selectedOptions, an Award Agreement shall be offered an optiongiven to purchasethe Participant stating the number of Shares determined byshares for which Options are granted, the Committee.exercise price per share, whether the options are Incentive Stock Options or Nonstatutory Stock Options, and the conditions to which the grant and exercise of the Options are subject. The CommitteeAward Agreement shall specify whether such optionset forth all restrictions on disposition and transfer applicable to the Option shares. Incentive Stock Options may be granted to employees of the Company or an Affiliate. Non-employee directors and Consultants shall not be eligible to receive Incentive Stock Options. No Option (or portion thereof) that is intended to be an Incentive Stock Option or Nonqualifiedshall be invalid for failure to so qualify, but instead such Option (or portion thereof) shall constitute a Nonstatutory 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 time within which to accept or reject the offered 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 the option (including the extent to which the option is an Incentive Stock Option or Nonqualified Stock Option), consistent with the provisions of the Plan.Option.
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