Common use of Additional Option Grants Clause in Contracts

Additional Option Grants. Subject to approval by the Board or an appropriate committee thereof, Employee may be granted additional stock options during the course of his employment with Employer, with the terms of the award and amount of any such grant to be determined by Employer in its sole discretion, and with such grant (if made) to be made pursuant to the terms of a formal stock option agreement and stock plan.

Additional Option Grants. Subject to approval by the Board or an appropriate committee thereofCompensation Committee, Employee may be granted additional incentive stock options during the course of his employment with Employer, with the terms of the award and amount of any such grant to be determined by Employer in its sole discretion, and with such grant (if made) to be made pursuant to the terms of a formal stock option agreement and stock plan.