Common use of Additional Option Grants Clause in Contracts

Additional Option Grants. On September 12, 2000, the Compensation Committee of the Board of Directors of the Company granted to you additional stock options to acquire 250,000 shares of the common stock of the Company at an exercise price of $16.125 per share (the "New Options"). The New Options were granted under the Company's 2000 Long-Term Incentive Plan (the "Plan"), which together with the terms contained in this letter, sets forth the terms and conditions of the New Options and is incorporated herein by reference. The New Options are non-qualified stock options and have a term of ten years from the date of grant. The New Options will vest and become exercisable as to 1/48th of the shares covered thereby on the 12th day each month from October 2000 to and including September 2004, subject to Section 4 below.

Additional Option Grants. On September 12, 2000, the Compensation Committee of the Board of Directors of the Company granted to you additional stock options to acquire 250,000 425,000 shares of the common stock of the Company at an exercise price of $16.125 per share (the "New Options"). The New Options were granted under the Company's 2000 Long-Term Incentive Plan (the "Plan"), which together with the terms contained in this letter, sets forth the terms and conditions of the New Options and is incorporated herein by reference. The New Options are non-qualified stock options and have a term of ten years from the date of grant. The New Options will vest and become exercisable as to 1/48th of the shares covered thereby on the 12th day each month from October 2000 to and including September 2004, subject to Section 4 Paragraph 3 below.