Common use of Grant of Incentive Stock Option Clause in Contracts

Grant of Incentive Stock Option. Pursuant to the provisions of Article II of the Long Term Incentive Plan of Success Development International, Inc, (the "Plan"), the Company hereby grants to Optionee, subject to the terms and conditions of the Plan (the terms of which are hereby incorporated by reference), the right and option (the "Incentive Stock Option") to purchase from the Company one hundred twenty five thousand (125,000) shares of common stock of the Company, par value $.001 (the "Common Stock"), subject to the terms and conditions herein set forth and exercisable as hereinafter provided. This Incentive Stock Option shall constitute an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").