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 an aggregate of _______________ (_________) shares (the "shares") of the common stock (the "Common Stock") of the Corporation, at a purchase price (the "option price") of _____________________________ ($__________) per share. The Option to purchase _____________ (_____) of the shares shall be designated as an Incentive Option. The Option to purchase ________________ (_____) of the shares shall be designated as a Nonqualified Option. To the extent that any Option is designated as an Incentive Option and such Option does not qualify as an Incentive Option, it shall be treated as a Nonqualified Option. Except as otherwise provided in the Plan, the Option will expire if not exercised in full before ______________, ____.

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 an aggregate of _______________ (_________) shares (the "shares") of the common stock (the "Common Stock") of the Corporation, at a purchase price (the "option price") of _____________________________ ($__________) per share. The Option to purchase _____________ (_____) of the shares shall be designated as an Incentive Option. The Option to purchase ________________ (_____) of the shares shall be designated as a Nonqualified Option. To the extent that any Option is designated as an Incentive Option and such Option does not qualify as an Incentive Option, it shall be treated as a Nonqualified Option. Except as otherwise provided in the Plan, the Option will expire if not exercised in full before ______________, ____.

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 an aggregate of _______________ (_________) shares (the "shares") of the common stock (the "Common Stock") of the Corporation, at a purchase price (the "option price") of _____________________________ ($__________) per share. The Option to purchase _____________ (_____) of the shares shall be designated as an Incentive Option. The Option to purchase ________________ (_____) of the shares shall be designated as a Nonqualified Option. To the extent that any Option is designated as an Incentive Option and such Option does not qualify as an Incentive Option, it shall be treated as a Nonqualified Option. Except as otherwise provided in the Plan, the Option will expire if not exercised in full before ______________, ____.

Grant of Option; Term of Option. The Corporation Company hereby grants to the Participant Participant, pursuant to the Plan, as a matter of separate inducement and agreement in connection with his employment or service to with the CorporationCompany, and not in lieu of any salary or other compensation for his services, the right and Option option (the "“Option"”) to purchase all or any part of an aggregate of _______________ (_________) shares (the "shares"“Shares”) of the common stock Common Stock (the "“Common Stock") of the Corporation”), at a purchase price (the "option price"“Option Price”) of _____________________________ Dollars ($__________) per shareShare. The Option to purchase _____________ (_____) of the shares Shares shall be designated as an Incentive Option. The Option to purchase ________________ (_____) of the shares Shares shall be designated as a Nonqualified Option. To the extent that any the Option is designated as an Incentive Option and such Option does not qualify as an Incentive Option, it the Option (or portion thereof) shall be treated as a Nonqualified Option. Except as otherwise provided in the Plan, the Option will expire if not exercised in full before ____________ ___, _____ (the “Expiration Date”) (such term commencing with the Grant Date and ending on the Expiration Date being referred to as the “Option Period”).