Common use of Conditional Grant of Option Clause in Contracts

Conditional Grant of Option. The Company hereby conditionally grants to Optionee an option (the "Option") to purchase the total number of shares of Common Stock of the Company set forth above (the "Shares") at the Exercise Price Per Share set forth above (the "Exercise Price"), subject to all of the terms and conditions of this Agreement, the Company's Incentive Award Program and the Plan. If designated as an Incentive Stock Option above, the Option is intended to qualify as an "incentive stock option" ("ISO") within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). Only Employees of the Company shall receive ISOs. This Agreement shall be deemed a Grant Agreement as defined in the Plan. The terms and conditions of the Plan are incorporated herein by this reference.