Options. Options may be granted under the Plan to any Participants. The Committee shall have absolute discretion to determine, within the limits of the express provisions of the Plan, those Participants to whom and the time or times at which Options shall be granted. The Committee shall also determine, within the limits of the express provisions of the Plan, the number of shares to be subject to each Option, the duration of each Option, the exercise price under each Option, the time or times within which (during the term of the Option) all or portions of each Option may become vested and exercisable, and whether an Option shall be an Incentive Stock Option, a Nonqualified Stock Option or a combination thereof. In making such determination, the Committee may take into account the nature of the services rendered by the Participant, his or her present and potential contributions to the Company’s success and such other factors as the Committee in its discretion shall deem relevant.
Options. Options may be granted underGrant. Subject to the Plan to any Participants. The Committee shall have absolute discretion to determine, within the limits of the express provisions of the Plan, those Participants to whom and the time or times at which Options shall be granted. The Committee shall also determine, within the limits of the express provisions of the Plan, the Committee shall have sole and complete authority to determine the Participants to whom Options shall be granted, the number of shares to beShares subject to each Option, the duration of each Option,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 each Option,this Plan may be granted additional Options under the timePlan if the Committee shall so determine. Options granted under this Plan may be Incentive Stock Options, Non-Qualified Stock Options or times within which (during the terma combination of the Option) all or portions of each Option may become vested and exercisable, and whether an Option shall be anforegoing, provided that Incentive Stock Option, a NonqualifiedOptions may be granted only to Employees. Each grant shall specify whether (or the extent to which) the Option is an Incentive Stock Option or a combination thereof. In makingNon-Qualified Stock Option. Notwithstanding any such determination,designation, to the Committee may take into accountextent that the natureaggregate Fair Market Value of the services renderedShares with respect to which Options designated as Incentive Stock Options are exercisable for the first time by a Participant during any calendar year (under all Plans of the Participant, his or her present and potential contributions to the Company’s success andCompany) exceeds $100,000, such other factorsOptions shall be treated as the Committee in its discretion shall deem relevant.Non-Qualified Stock Options.
Grant of Options. Subject to the terms and provisions of this Plan, Options may be granted under the Plan to Participants in such number, and upon such terms, and at any Participants. The Committee shall have absolute discretiontime and from time to determine, within the limits of the express provisions of the Plan, those Participants to whom and the time or times at which Optionsas shall be granted. The Committee shall also determine, within the limits of the express provisions of the Plan, the number of shares to be subject to each Option, the duration of each Option, the exercise price under each Option, the time or times within which (during the term of the Option) all or portions of each Option may become vested and exercisable, and whether an Option shall be an Incentive Stock Option, a Nonqualified Stock Option or a combination thereof. In making such determination, the Committee may take into account the nature of the services rendereddetermined by the Participant, his or her present and potential contributions to the Company’s success and such other factors as the CommitteeCommittee, in its discretion shall deem relevant.sole discretion.
Options. Options may be granted underSECTION # OPTIONS: Subject to the Plan to any Participants. The Committee shall have absolute discretion to determine, within the limits of the express provisions of the Plan, those Participants to whomterms and the time or times at which Options shall be granted. The Committee shall also determine, within the limits of the express provisionsconditions of the Plan, the number of sharesCommittee may grant Options to be subject to each Option, the duration of each Option, the exercise price under each Option, the time or times within which (during the term of the Option) all or portions of each Option may become vestedParticipants on such terms and exercisable, and whether an Option shall be an Incentive Stock Option, a Nonqualified Stock Option or a combination thereof. In making such determination,conditions as the Committee may take into account the natureprovide for in an Award Agreement or by action of the services rendered byCommittee, including, but not limited to: Exercise Price; vesting schedule; method of payment of the Participant, hisExercise Price; treatment upon termination of employment or her presentservice; treatment upon certain corporate transactions or events, including a Change in Control; and potential contributions to the Company’s successother terms and such other factors asconditions that the Committee in its discretion shallmay deem relevant.appropriate. Options granted under this Plan may not provide for any dividends or dividend equivalents thereon. Incentive Stock Options may only be granted to Participants who meet the definition of “employees” under Section 3401(c) of the Code.
Grant of Options. Subject to the terms and provisions of the Plan, Options may be granted to eligible Employees at any time and from time to time, and under such terms and conditions, as shall be determined by the PlanCommittee. In addition, the Committee may, from time to any Participants.time, provide for the payment of dividend equivalents on Options, prospectively and/or retroactively, on such terms and conditions as the Committee may require. The Committee shall have absolute discretion to determine, within the limits of the express provisions of the Plan, those Participants to whom and the time or times at which Options shall be granted. The Committee shall also determine, within the limits of the express provisions of the Plan,in determining the number of shares to beShares subject to Options granted to each Option, the duration of each Option, the exercise priceEmployee; provided, however, that no single Employee may receive Options under each Option, the time or times within which (during the termthis Plan for more than one percent (1%) of the Option) all or portions of each OptionShares approved for issuance under this Plan during any calendar year. The Committee may become vested and exercisable, and whether an Option shall be annot grant Incentive Stock Option, a Nonqualified Stock Option or a combination thereof. In making such determination, the Committee may take into account the natureOptions, as described in Section 422 of the services rendered by the Participant, his or her present and potential contributions to the Company’s success and such other factors as the Committee in its discretion shall deem relevant.Code, under this Plan.
Options. OptionsGrants. The Committee may begrant stock options alone or in addition to other Awards granted under the Plan to any Participants.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 absolute discretiona reasonable period of time within which to determine,accept or reject the offered option. Failure to accept within the limitsperiod 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 expressoption (including the extent to which the option is an Incentive Stock Option or Nonqualified Stock Option), consistent with the provisions of the Plan, those Participants to whom and the time or times at which Options shall be granted. The Committee shall also determine, within the limits of the express provisions of the Plan, the number of shares to be subject to each Option, the duration of each Option, the exercise price under each Option, the time or times within which (during the term of the Option) all or portions of each Option may become vested and exercisable, and whether an Option shall be an Incentive Stock Option, a Nonqualified Stock Option or a combination thereof. In making such determination, the Committee may take into account the nature of the services rendered by the Participant, his or her present and potential contributions to the Company’s success and such other factors as the Committee in its discretion shall deem relevant.Plan.
Section # Grant of Options. Options may be granted underSubject to the Plan to any Participants. The Committee shall have absolute discretion to determine, within the limits of the express provisions of the Plan, those Participants to whomterms and the time or times at which Options shall be granted. The Committee shall also determine, within the limits of the express provisions of the Plan, the Committee may grant Options to any Employee in such amounts as the Committee may determine. The Committee may grant Incentive Stock Options, Nonqualified Stock Options, or any combination thereof. The Committee shall determine the number of shares to beShares subject to each Option, subject to the duration of each Option, the exercise price under each Option, the time or times within which (during the termexpress limitations of the Option) allPlan, 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 portionsan Affiliate) that would result in Shares with an aggregate Fair Market Value (determined as of eachthe Grant Date(s)) of more than One Hundred Thousand Dollars ($100,000) first becoming exercisable in any one calendar year. To the extent that a purported Incentive Stock Option may become vested and exercisable, and whether anwould violate the limitation specified in the preceding sentence, the Option shall be an Incentive Stock Option,deemed a Nonqualified Stock Option or a combination thereof. In making such determination, the Committee may take into account the nature of the services rendered by the Participant, his or her present and potential contributions to the Company’s success and such other factors as the Committee in its discretion shall deem relevant.Option.
Grant of Options. Options may be granted under the Plan to Participants in such number, and upon such terms, and at any Participants. The Committee shall have absolute discretiontime and from time to determine, within the limits of the express provisions of the Plan, those Participants to whom and the time or times at which Optionsas shall be granted. The Committee shall also determine, withindetermined by the limitsCommittee, in its sole discretion. Each grant of the express provisions of the Plan, the number of shares to be subject to each Option, the duration of each Option, the exercise price under each Option, the time or times within which (during the term of the Option) all or portions of each Option may become vested and exercisable, and whether an Option shall be evidenced by an Incentive Stock Option,Award Agreement which shall specify whether the Option is in the form of a Nonqualified Stock Option or a combination thereof. In making such determination, the Committee may take into account the nature of the services rendered by the Participant, his or her present and potential contributions to the Company’s success and such other factors as the Committee in its discretion shall deem relevant.an Incentive Stock Option.
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