Common use of GRANT OF ADDITIONAL OPTIONS Clause in Contracts

GRANT OF ADDITIONAL OPTIONS. As of the Effective Date, CHC shall grant Executive, pursuant to the CHC 2000 Stock Option/Stock Issuance Plan (the "2000 Option Plan"), options to acquire 135,000 shares of Common Stock in CHC at an exercise price of $8.00 per share. Such options shall vest and become exercisable in three equal annual installments on the first, second and third anniversaries of the Effective Date, provided that Executive remains in the employ of the Corporation. The options shall be Incentive Stock Options within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), to the maximum extent permitted by the Code. The terms and conditions applicable to such grant shall be as set forth in the 2000 Option Plan and the standard Notice of Grant of Stock Options and the exhibits thereto used pursuant to the 2000 Option Plan.

GRANT OF ADDITIONAL OPTIONS. As of the Effective Date, CHC shall grant Executive, pursuant to the CHC 2000 Stock Option/Stock Issuance Plan (the "2000 Option Plan"), options to acquire 135,000 105,000 shares of Common Stock in CHC at an exercise price of $8.00 per share. Such options shall vest and become exercisable in three equal annual installments on the first, second and third anniversaries of the Effective Date, provided that Executive remains in the employ of the Corporation. The options shall be Incentive Stock Options within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), to the maximum extent permitted by the Code. The terms and conditions applicable to such grant shall be as set forth in the 2000 Option Plan and the standard Notice of Grant of Stock Options and the exhibits thereto used pursuant to the 2000 Option Plan.

GRANT OF ADDITIONAL OPTIONS. As of the Effective Date, CHC shall grant Executive, pursuant to the CHC 2000 Stock Option/Stock Issuance Plan (the "2000 Option Plan"), options to acquire 135,000 to acquire 500,000 shares of Common Stock in CHC at an exercise price of $8.00 per share. Such options shall vest and become exercisable in three equal annual installments on the first, second and third anniversaries of the Effective Date, provided that Executive remains in the employ of the Corporation. The exercise period of such options shall be Incentive Stock Options within ten years from the meaning date of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), to the maximum extent permitted by the Codegrant. The terms and conditions applicable to such grant shall be as set forth in the 2000 Option Plan and the standard Notice of Grant of Stock Options and the exhibits thereto used pursuant to the 2000 Option Plan. Such options shall be Incentive Stock Options within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), to the maximum extent permitted by the Code.

GRANT OF ADDITIONAL OPTIONS. As of the Effective Date, CHC shall grant Executive, pursuant to the CHC 2000 Stock Option/Stock Issuance Plan (the "2000 Option Plan"), options to acquire 135,000 100,000 shares of Common Stock in CHC at an exercise price of $8.00 per share. Such options shall vest and become exercisable in three equal annual installments on the first, second and third anniversaries of the Effective Date, provided that Executive remains in the employ of the Corporation. The options shall be Incentive Stock Options within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), to the maximum extent permitted by the Code. The terms and conditions applicable to such grant shall be as set forth in the 2000 Option Plan and the standard Notice of Grant of Stock Options and the exhibits thereto used pursuant to the 2000 Option Plan.