Common use of Grant of Option; Term of Option Clause in Contracts

Grant of Option; Term of Option. The Corporation hereby grants to the Participant pursuant to the Plan, as a matter of separate inducement and agreement in connection with his employment or service to the Corporation, and not in lieu of any salary or other compensation for his services, the right and Option (the “Option”) to purchase all or any part of such aggregate number of shares (the “shares”) of common stock of the Corporation (the “Common Stock”) at a purchase price (the “option price”) as specified on Schedule A, attached hereto, and subject to such other terms and conditions as may be stated herein or in the Plan or on Schedule A. The Participant expressly acknowledges that the terms of Schedule A shall be incorporated herein by reference and shall constitute part of this Agreement. The Corporation and the Participant further acknowledge that the Corporation’s signature on the signature page hereof, and the Participant’s signature on the Grant Letter contained in Schedule A, shall constitute their acceptance of all of the terms of this Agreement. The Option (or any portion thereof) shall be designated as a Nonqualified Option. Except as otherwise provided in the Plan or this Agreement, the Option will expire if not exercised in full by the date specified on Schedule A.

Grant of Option; Term of Option. The Corporation hereby grants to the Participant pursuant to the Plan, as a matter of separate inducement and agreement in connection with his employment or service to the Corporation, and not in lieu of any salary or other compensation for his services, the right and Option (the “"Option”") to purchase all or any part of such aggregate number of shares (the “"shares”") of common stock of the Corporation (the “"Common Stock”") at a purchase price (the “"option price”") as specified on Schedule A, attached hereto, and subject to such other terms and conditions as may be stated herein or in the Plan or on Schedule A. The Participant expressly acknowledges that the terms of Schedule A shall be incorporated herein by reference and shall constitute part of this Agreement. The Corporation and the Participant further acknowledge that the Corporation’s 's signature on the signature page hereof, and the Participant’s 's signature on the Grant Letter contained in Schedule A, shall constitute their acceptance of all of the terms of this Agreement. The Option (or any portion thereof) shall be designated as a Nonqualified Option. Except as otherwise provided in the Plan or this Agreement, the this Option will expire if not exercised in full by the date specified on Schedule A.

Grant of Option; Term of Option. The Corporation hereby grants to the Participant pursuant to the Plan, as a matter of separate inducement and agreement in connection with his employment or service to the Corporation, and not in lieu of any salary or other compensation for his services, the right and Option (the “"Option”") to purchase all or any part of such aggregate number of shares (the “"shares”") of common stock of the Corporation (the “"Common Stock”") at a purchase price (the “option price”"Option Price") as specified on Schedule A, attached hereto, and subject to such other terms and conditions as may be stated herein or in the Plan or on Schedule A. The Option Price shall be 100% of the Fair Market Value per share of the Common Stock on the date of grant. The Participant expressly acknowledges that the terms of Schedule A shall be incorporated herein by reference and shall constitute part of this Agreement. The Corporation and the Participant further acknowledge that the Corporation’s 's signature on the signature page hereof, and the Participant’s 's signature on the Grant Letter contained in Schedule A, shall constitute their acceptance of all of the terms of this Agreement. The Option (or any portion thereof) shall be designated as a Nonqualified Option. Except as otherwise provided in the Plan or this Agreement, the this Option will expire if not exercised in full by the expiration date specified on Schedule A.