Common use of GRANT OF ADDITIONAL OPTIONS Clause in Contracts

GRANT OF ADDITIONAL OPTIONS. The Company hereby grants Executive --------------------------- Officer additional options to acquire 150,000 shares of common stock of the Company. This grant is made pursuant to the Company's 1995 Employee Stock Option Plan, as amended. The exercise price shall be $2.125 per share. Concurrently with the exexcution and delivery of this Agreement, Executive Officer shall exercise all of the additional options and pay the exercise price in accordance with the payment provisions of Section 8 hereof. For purposes of this Agreement, the shares acquired upon the exercise of the additional options shall be included within the definition of "Shares". The options granted under this Section 2, together with the 102,300 options for which vesting is accelerated under Section 1, are referred to herein as the "UNVESTED OPTION SHARES".

GRANT OF ADDITIONAL OPTIONS. The Company hereby grants Executive --------------------------- Officer additional options to acquire 150,000 shares of common stock of the Company. This grant is made pursuant to the Company's 1995 Employee Stock Option Plan, as amended. The exercise price shall be $2.125 per share. Concurrently with the exexcution and delivery of this Agreement, Executive Officer shall exercise all of the additional options and pay the exercise price in accordance with the payment provisions of Section 8 hereof. For purposes of this Agreement, the shares acquired upon the exercise of the additional options shall be included within the definition of "Shares". The options granted under this Section 2, together with the 102,300 options for which vesting is accelerated under Section 1, are referred to herein as the "UNVESTED OPTION SHARESUnvested Option Shares".