Option

Option. Means the right of Optionee to purchase Five Hundred Thousand (500,000) shares of Common Stock in accordance with the terms and conditions of this Agreement.

Option. A stock option granted pursuant to the Plan. All Options granted pursuant to the Plan shall be considered nonstatutory stock options within the meaning of section 422 of the Code and the regulations promulgated thereunder.

Option. With respect to any Person means any security, right, subscription, warrant, option, "phantom" stock right or other Contract that gives the right to (i) purchase or otherwise receive or be issued any Equity Interest of such Person or any security of any kind convertible into or exchangeable or exercisable for any Equity Interest of such Person or (ii) receive any benefits or rights similar to any rights enjoyed by or accruing to the holder of Equity Interests of such Person, including any... rights to participate in the equity, income or election of directors or officers or Persons holding like positions or performing like functions of such Person. View More

Option. The meaning given to such term in the Plan.

Option. A stock option, not otherwise specifically qualified for favorable tax treatment under a section of the Internal Revenue Code of 1986, as amended (the "Code"), that entitles the holder to purchase from the Company a stated number of shares of Common Stock at the price set forth in an Agreement under the terms of this Plan, at a price determined in accordance with the Plan. -3-

Option. Shall mean an option to purchase Common Stock granted under the Plan. Each Option granted hereunder shall be a Non-Qualified Stock Option and shall be clearly identified as such in the applicable Stock Option Agreement.

Option. Means a right granted under the Plan to a Participant to purchase a stated number of Shares.

Option. Means each option to purchase shares of stock of the Company which is granted to you by the Company prior to a Change in Control and each option to purchase shares of stock of the Company's successor (by purchase of assets, merger, consolidation, reorganization or otherwise) which is granted to you by such successor in connection with or after a Change in Control in exchange or substitution for an option granted to you by the Company prior to the Change in Control.

Option. Means any nonqualified or nonstatutory stock option and any incentive stock option granted pursuant to Section 422 of the Code.

Option. Means an option to purchase Shares granted to an Eligible Person under the Plan;