Common use of Future Awards Clause in Contracts

Future Awards. Executive shall also be entitled to participate in any equity incentive plans of the Company. All such options or other equity awards will be made at the discretion of the Company’s Compensation Committee or the Company’s Board of Directors and shall be pursuant and subject to the terms and conditions of the applicable equity incentive plan, including any provisions for repurchase thereof. The option exercise price and value of any equity award granted to Executive will be established by the Company’s Board of Directors or its Compensation Committee as of the date such awards are granted but shall not be less than the fair market value of the class of equity underlying such award.