Common use of Grant of Option and Exercise Price Clause in Contracts

Grant of Option and Exercise Price. Subject to the terms and conditions set forth herein and in the Plan, Neuronetics, Inc. (the “Company”) hereby grants to [ ] (“Optionee”), effective [ ] (the “Grant Date”), a stock option (the “Option”) to purchase up to [ ] shares of Common Stock of the Company at an exercise price of $[ ] per share (the “Exercise Price”). The Option is intended to be an incentive stock option as defined under section 422 of the Code and any regulations promulgated thereunder.

Grant of Option and Exercise Price. Subject to the terms and conditions set forth herein and in the Plan, Neuronetics, Inc. (the “Company”) hereby grants to [ ] (“Optionee”), effective [ ] (the “Grant Date”), a non-qualified stock option (the “Option”) to purchase up to [ ] shares of Common Stock of the Company at an exercise price of $[ ] per share (the “Exercise Price”). The Option is intended to be an incentive a non-qualified stock option as defined under section 422 of the Code and any regulations promulgated thereunder.