Common use of Execution Bonus Clause in Contracts

Execution Bonus. The Executive shall be granted, as an Employment Inducement in connection with the execution of this Agreement, an option to purchase Three Hundred Thousand (300,000) shares of Common Stock (the "Execution Options"), subject to the following terms and conditions: (A) the Execution Options shall be granted under and subject to the Option Plan; (B) the exercise price of the Execution Options shall be $42.3125 per share; (C) the Executive Options shall be vested on the date of grant; (D) each Executive Option shall be exercisable for the ten (10) year period following the date of grant; and (E) each Executive Option shall be evidenced by, and subject to, an Option Agreement.

Execution Bonus. The Executive shall be granted, as an Employment Inducement in connection with the execution of this AgreementInducement, an option to purchase Three Hundred Thousand (300,000) shares of Common Stock (the "Execution Options"), subject to the following terms and conditions: (A) the Execution Options shall be granted under and subject to the Option Plan; (B) the exercise price of the Execution Options shall be $42.3125 per share; (C) the Executive Execution Options shall be vested on the date of grant; (D) each Executive Execution Option shall be exercisable for the ten (10) year period following the date of grant; and (E) each Executive Execution Option shall be evidenced by, and subject to, an Option Agreement. The Option Agreements shall specify that such Options shall remain exercisable for the periods described in this paragraph (j) notwithstanding any Termination of Employment.