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

Grant of Option; Exercise Price. Pursuant to the provisions of the Plan, the Company hereby grants to the Optionee as of the date hereof (the "Grant Date), subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the right and option to purchase (the "Option") from the Company all or any part of an aggregate of 12,500 shares (the "Shares") of the common stock, par value $.01 per share, of the Company (the "Common Stock") at a purchase price of $______ per Share (the "Exercise Price"), such Option to be exercisable as hereinafter provided.

Grant of Option; Exercise Price. Pursuant to the provisions of the Plan, the Company hereby grants to the Optionee as of the date hereof (the "Grant Date), subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the right and option to purchase (the "Option") from the Company all or any part of an aggregate of 12,500 30,440 shares (the "Shares") of the common stock, par value $.01 per share, of the Company (the "Common Stock") at a purchase price of $______ per Share (the "Exercise Price"), such Option to be exercisable as hereinafter provided.

Grant of Option; Exercise Price. Pursuant to the provisions of the Plan, the Company hereby grants to the Optionee as of the date hereof (the "Grant Date), subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the right and option to purchase (the "Option") from the Company all or any part of an aggregate of 12,500 ____________________ shares (the "Shares") of the common stock, par value $.01 .001 per share, of the Company (the "Common Stock") at a purchase price of $____________________ per Share (the "Exercise Price"), such Option to be exercisable as hereinafter provided.

Grant of Option; Exercise Price. Pursuant to the provisions of the Plan, the Company hereby grants to the Optionee as of the date hereof ______________ __, 199_ (the "Grant Date"), subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the right and option to purchase (the "Option") from the Company all or any part of an aggregate of 12,500 ________ shares (the "Shares") of the common stock, par value $.01 per share, of the Company (the "Common Stock") at a purchase price of $______ per Share (the "Exercise Price"), such Option to be exercisable as hereinafter provided.

Grant of Option; Exercise Price. Pursuant to the provisions of the Plan, the Company hereby grants to the Optionee as of the date hereof (the "Grant Date), subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the right and option to purchase (the "Option") from the Company all or any part of an aggregate of 12,500 15,000 shares (the "Shares") of the common stock, par value $.01 per share, of the Company (the "Common Stock") at a purchase price of $______ per Share (the "Exercise Price"), such Option to be exercisable as hereinafter provided.

Grant of Option; Exercise Price. Pursuant to the provisions of the Plan, the Company hereby grants to the Optionee as of the date hereof (the "Grant Date), subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the right and option to purchase (the "Option") from the Company all or any part of an aggregate of 12,500 ____________________ shares (the "Shares") of the common stock, par value $.01 per share, of the Company (the "Common Stock") at a purchase price of $____________________ per Share (the "Exercise Price"), such Option to be exercisable as hereinafter provided.

Grant of Option; Exercise Price. Pursuant to the provisions of the Plan, the Company hereby grants to the Optionee as of the date hereof (the "Grant Date), subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the right and option to purchase (the "Option") from the Company all or any part of an aggregate of 12,500 11,000 shares (the "Shares") of the common stock, par value $.01 per share, of the Company (the "Common Stock") at a purchase price of $______ per Share (the "Exercise Price"), such Option to be exercisable as hereinafter provided.

Grant of Option; Exercise Price. Pursuant to the provisions of the Plan, the Company hereby grants to the Optionee as of the date hereof (the "Grant Date), subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the right and option to purchase (the "Option") from the Company all or any part of an aggregate of 12,500 20,000 shares (the "Shares") of the common stock, par value $.01 per share, of the Company (the "Common Stock") at a purchase price of $______ per Share (the "Exercise Price"), such Option to be exercisable as hereinafter provided.