Option Agreement. Each Option granted under this Plan shall be evidenced by an Award Agreement with the Company, which shall contain the terms and provisions set forth herein and shall otherwise be consistent with the provisions of the Plan.

Option Agreement. Each Award of an Option will be evidenced by an Award Agreement that will specify the exercise price, the term of the Option, the number of Shares subject to the Option, the exercise restrictions, if any, applicable to the Option, and such other terms and conditions as the Administrator, in its sole discretion, will determine.

Option Agreement. Each Award of an Option will be evidenced by an Award Agreement that will specify the exercise price, the term of the Option, the number of Shares subject to the Option, the exercise restrictions, if any, applicable to the Option, and such other terms and conditions as the Administrator, in its sole discretion, will determine.

Option Agreement. "Option Agreement" means the written agreement entered into between the Company and the Optionee with respect to an Option granted under this Plan.

Option Agreement. Seller and Royal Casino Corporation (“RCC”) are parties to that certain Right of First Refusal to Purchase Leasehold Interest dated January 31, 2003 and recorded in the land records of Harrison County, Mississippi (the “Option Agreement”) whereby RCC granted to Seller an option to purchase certain real property owned by RCC adjacent to the Property pursuant to the terms and conditions of the Option Agreement. The intent of Seller and Buyer hereunder is that all right, title and interest of Seller in and to the Option Agreement shall be transferred to Buyer as of the Closing Date, subject in all respects to the consent of RCC pursuant to the Option Agreement. After the Effective Date, Seller shall deliver notice to RCC requesting consent of RCC to Seller’s assignment of the Option Agreement to Buyer at Closing pursuant to the terms of this Agreement. Buyer agrees to reasonably cooperate with Seller in connection with the requested consent from RCC. The terms and conditions of RCC’s consent to the assignment of the Option Agreement shall be subject to the sole discretion of each of Seller and Buyer, and for clarity the parties agree that in no event shall Seller or Buyer be required to pay any sum whatsoever to RCC in exchange for RCC’s consent to the assignment of the Option Agreement to Buyer at Closing. In the event that, despite Seller’s and Buyer’s efforts to the contrary, RCC does not approve Seller’s assignment of the Option Agreement to Buyer at Closing, then no default or failed condition shall have occurred whatsoever, and the parties shall proceed to Closing in accordance with the terms and conditions of this Agreement with no adjustment in the Purchase Price.

Option Agreement. Each Award granted pursuant to this [subsection 9] shall be evidenced by a written Award Agreement which shall be executed by the Participant and the Company.

Stock Option Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. The Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions that are not inconsistent with the Plan and that the Board of Directors deems appropriate for inclusion in a Stock Option Agreement. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical.

Stock Option Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. Subject to an Optionee’s consent, Options may be granted in consideration of a reduction in the Optionee’s other compensation.

Option Agreement. Each Option shall be evidenced by an Option Agreement in such form and containing such provisions not inconsistent with the provisions of the Plan as the Committee from time to time shall approve, including, but not limited to, provisions intended to qualify an Option as an Incentive Stock Option. An Option Agreement may provide for the payment of the Option price, in whole or in part, by the delivery of a number of Shares (plus cash if necessary) that have been owned by the Holder for at least six (6) months and having a Fair Market Value equal to such Option price, or such other forms or methods as the Committee may determine from time to time, in each case, subject to such rules and regulations as may be adopted by the Committee. Each Option Agreement shall, solely to the extent inconsistent with the provisions of Sections 6.2, 6.3, and 6.4, as applicable, specify the effect of Termination of Service on the exercisability of the Option. The Committee may, in its discretion, accelerate the vesting of an Option at any time. Moreover, without limiting the generality of the foregoing, a Non-qualified Stock Option Agreement may provide for a “cashless exercise” of the Option, in whole or in part, by # establishing procedures whereby the Holder, by a properly-executed written notice, directs # an immediate market sale or margin loan as to all or a part of Shares to which he is entitled to receive upon exercise of the Option, pursuant to an extension of credit by the Company to the Holder of the Option price, # the delivery of the Shares from the Company directly to a brokerage firm and # the delivery of the Option price from sale or margin loan proceeds from the brokerage firm directly to the Company, or # reducing the number of Shares to be issued upon exercise of the Option by the number of such Shares having an aggregate Fair Market Value equal to the Option price (or portion thereof to be so paid) as of the date of the Option’s exercise. An Option Agreement may also include provisions relating to: # subject to the provisions hereof, accelerated vesting of Options, including but not limited to, upon the occurrence of a Change of Control, # tax matters (including provisions covering any applicable Employee wage withholding requirements) and # any other matters not inconsistent with the terms and provisions of the Plan that the Committee shall in its sole discretion determine. The terms and conditions of the respective Option Agreements need not be identical.

Stock Option Agreement. Each Award of an Option will be evidenced by an Award Agreement that will specify the exercise price, the number of Shares subject to the Option, the exercise restrictions, if any, applicable to the Option, and such other terms and conditions as the Administrator, in its sole discretion, will determine.