Common use of Additional Stock Options Clause in Contracts

Additional Stock Options. Pursuant to separate stock option grant letters and, as applicable, the terms of the Company's Stock Option Plan, the Company shall grant the Executive options with respect to 50,000 shares of Stock, exercisable at $5.75 (which was the fair market value at the date of grant, November 26, 1996).

Additional Stock Options. Pursuant to separate stock option grant letters and, as applicable, the terms of the Company's Stock Option Plan, the Company shall grant the Executive options with respect to 50,000 shares of Stock, exercisable at $5.75 (which was the fair market value at New York Stock Exchange closing price of a share of Stock on the date of grant, November 26, 1996)Start Date.