Option Ratio

Option Ratio. Means (i) for calendar year 2002, one (1) share of Common Stock to be issued upon exercise of an Option divided by One Dollar ($1.00) of Accrued Quarterly Meeting Fees, and (ii) for calendar years after 2002, such number of shares of Common Stock per One Dollar ($1.00) of Accrued Quarterly Meeting Fees, if any, as the Board may authorize for such calendar year; provided, however, that the Option Ratio under this Plan for a calendar year shall be the same as the option ratio offered to the... Company's senior management employees for such calendar year. View More