Common use of Additional Option Clause in Contracts

Additional Option. In the event that Executive is ----------------- appointed by the Board to serve as the Chief Executive Officer of the Company, Executive shall be granted an additional stock option covering 125,000 newly issued shares of Company Common Stock with a per share exercise price equal to the closing sale price of a share of the Company's Common Stock on the market trading day prior to the date of grant (the "Additional Option"). The Additional Option shall have a term of ten years, provided, however, that the Additional Option shall terminate eighteen (18) months after Executive's termination of services as an employee, consultant or director of the Company. The Additional Option shall vest monthly from the date of grant over the remaining months of the Employment Term, subject to Executive remaining employed by the Company on such vesting dates. Except as otherwise specified in this Agreement, the Additional Option shall be in all respects subject to the terms, definitions and provisions of the Company's NSO Plan, as applicable, and the respective forms of Option Agreement thereunder.

Additional Option. In the event that Executive is ----------------- appointed by the Board to serve as the Chief Executive Officer of the Company, Executive shall be granted an additional stock option covering 125,000 newly issued shares of Company Common Stock with a per share exercise price equal to the closing sale price of a share of the Company's Common Stock on the market trading day prior to the date of grant (the "Additional Option"). The Additional Option shall have a term of ten years, provided, however, that the Additional Option shall terminate eighteen (18) months after Executive's termination of services as an employee, consultant or director of the Company. The Additional Option shall vest monthly from the date of grant over the remaining months of the Employment Term, subject to Executive remaining employed by the Company on such vesting dates. Except as otherwise specified in this Agreement, the Additional Option shall be in all respects subject to the terms, definitions and provisions of the Company's NSO Plan, as applicable, and the respective forms of Option Agreement thereunder.