Common use of Grant; Type of Option Clause in Contracts

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant Director an option (the “"Option”") to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave LogicIntellinetics, Inc. 2016 2015 Equity Incentive Plan (the “"Plan”"). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth aboveCompany, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave LogicEndoChoice Holdings, Inc. 2016 2015 Omnibus Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Nonqualified Stock Option and not an Incentive Stock Option “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “"Option”") to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Company's 2023 Equity Incentive Plan (the “"Plan”"). The Option is intended to be a Non-qualified Nonstatutory Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave LogicInternational Money Express, Inc. 2016 2018 Omnibus Equity Incentive Compensation Plan (as may be amended from time to time, the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth aboveabove (“Option Shares”), at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Equity Company's 2012 Omnibus Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Company’s 2022 Omnibus Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant Consultant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Company’s 2020 Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Planet 13 Holdings Inc. 2016 2023 Equity Incentive Plan Plan, as it may be amended from time to time (the “Plan”). The Option is intended to be a Non-qualified Qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant Director an option (the “"Option”") to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. Company's 2016 Equity Incentive Plan (the “"Plan”"). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price exercise price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Equity Incentive Company’s 2015 Stock and Stock Option Plan (the “Plan”). The Option is intended to be a Non-qualified Statutory Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant Employee an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is not being granted pursuant to the terms of a Stock Option Plan of the Lightwave Logic, Inc. 2016 Equity Incentive Plan (the “Plan”)Company. The Option is intended to be a Non-qualified Stock Option issued separate and apart from any plan. This Option is also not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant Holder an option (the “Option”) to purchase the total number of shares of Class ___ Common Stock of the Company (the “Common Stock”) equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Company’s 2010 Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant Optionee an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Vegalab 2017 Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave LogicInternational Money Express, Inc. 2016 2020 Omnibus Equity Incentive Compensation Plan (as may be amended from time to time, the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “"Option”") to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. Company's 2016 Equity Incentive Plan (the “"Plan”"). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Company’s 2022 Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “"Option”") to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Company's 2015 Equity Incentive Plan (as may be amended, the “"Plan”"). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave LogicRegional Health Properties, Inc. 2016 2020 Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Qualified Stock Option and not an Incentive Stock Option (within the meaning of Section 422 of the Internal Revenue CodePlan), although the Company makes no representation or guarantee that the Option will qualify as a Non-Qualified Stock Option.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Company’s 2020 Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price exercise price set forth above. The Option is being granted pursuant to the terms of the Lightwave LogicCompany’s 2014 Equity, Inc. 2016 Equity-Linked and Equity Derivative Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Statutory Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave LogicInternational Money Express, Inc. 2016 Omnibus Equity Incentive Compensation Plan (as may be amended from time to time, the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant Recipient an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave LogicDynaResource, Inc. 2016 2024 Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant Director an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Equity Company’s 2013 Stock-Based Incentive Compensation Plan (the “Plan”). The Option is intended to be a Non-qualified Stock Qualified Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave LogicInternational Money Express, Inc. 2016 Omnibus Equity Incentive Compensation Plan (as may be amended from time to time, the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.. (b)

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares shares set forth aboveabove (“Option Shares”), at the Exercise Price exercise price set forth aboveabove (the “Exercise Price”). The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. Company’s “2016 Equity Incentive Plan Plan” (the “Plan”). The Option is intended to be a Non-qualified Qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant Director an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Company’s 2020 Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company Corporation hereby grants to the Participant Optionee an option (the “Option”) to purchase the total number of shares of Common Stock of the Company Corporation equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Equity Incentive Corporation’s 2022 Employee Stock Option Plan (the “Plan”). The Option is intended to be a Non“non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Codestock option.”

Grant; Type of Option. The Company Corporation hereby grants to the Participant Optionee an option (the “Option”) to purchase the total number of shares of Common Stock of the Company Corporation equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms Section 2.1 (b) of the Lightwave Logic, Inc. 2016 Equity Incentive Corporation’s 2017 Non-Salaried Director Stock Option Plan (the “Plan”). The Option is intended to be a Non“non-qualified Stock Option stock option” and not an Incentive Stock Option within “Annual Option” under the meaning of Section 422 of the Internal Revenue CodePlan.”

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Company’s 2017 Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 Company’s 2020 Equity Incentive Plan (the “Plan”). The Option is intended to be a Non-qualified Qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.

Grant; Type of Option. The Company hereby grants to the Participant Director an option (the “Option”) to purchase the total number of shares of Common Stock of the Company equal to the number of Option Shares set forth above, at the Exercise Price set forth above. The Option is being granted pursuant to the terms of the Lightwave Logic, Inc. 2016 2015 Equity Incentive Plan (as may be amended, the “Plan”). The Option is intended to be a Non-qualified Stock Option and not an Incentive Stock Option within the meaning of Section 422 of the Internal Revenue Code.