Common use of Equity Option Clause in Contracts

Equity Option. (a) Executive received a grant of an option to purchase a 1.0% Interest (as defined in the Limited Liability Company Agreement, dated as of October 29, 1997, between CBS Inc. and Data Broadcasting Corporation) on July 1, 1998 ( the "OPTION"). Such percentage is calculated based on the fully-diluted equity ownership of the Company as constituted on October 29, 1997, taking into account the issuance of options to purchase an aggregate of a ten percent (10%) Interest in the Company to be issued to employees of the Company or other personnel rendering substantial services to the Company (which options include the Option).

Equity Option. (a) Executive received a grant of an option to purchase a 1.02.0% Interest (as defined in the Limited Liability Company Agreement, dated as of October 29, 1997, between CBS Inc. and Data Broadcasting Corporation) on July 1October 29, 1998 ( 1997 (the "OPTION"). Such percentage is calculated based on the fully-diluted equity ownership of the Company as constituted on October 29, 1997, taking into account the issuance of options to purchase an aggregate of a ten percent (10%) Interest in the Company to be issued to employees of the Company or other personnel rendering substantial services to the Company (which options include the Option).