Common use of Incentive Options Clause in Contracts

Incentive Options. In addition to the Annual Compensation detailed herein, MANAGER shall receive stock option allocations giving the employee the right to purchase stock in the company at current Fair Market Value (FMV) in accordance with the Elite Logistics Inc., 2000 Employee Incentive Plan. Exercise Vesting Vesting Option Allotment Price Period Date Grant Date --------- -------- ------- ------- ---------- 000 Shares FMV 3 years January 1, 2000 September 1, 2000 000 Shares FMV 3 years January 1, 2001 January 1, 2001 000 Shares FMV 3 years January 1, 2002 January 1, 2002

Incentive Options. In addition to the Annual Compensation detailed herein, MANAGER shall receive stock option allocations giving the employee the right to purchase stock in the company at current Fair Market Value (FMV) in accordance with the Elite Logistics Inc., 2000 Employee Incentive Plan. Allotment Exercise Price Vesting Period Vesting Date Option Allotment Price Period Date Grant Date --------- -------- ------- ------- ---------- 000 -------------- --------------- ------------- ----------------- 30,000 Shares FMV 3 years January 8-1, -2000 September 1, 2000 000 30,000 Shares FMV 3 years January 8-1-2001 August 1, 2001 January 1, 2001 000 Shares FMV 3 years January 1, 2002 January 1, 20022001

Incentive Options. In addition to the Annual Compensation detailed herein, MANAGER shall receive stock option allocations giving the employee the right to purchase stock in the company at current Fair Market Value (FMV) in accordance with the Elite Logistics Inc., 2000 Employee Incentive Plan. Allotment Exercise Price Vesting Vesting Option Allotment Price Period Date Grant Allocation Date --------- -------- ------- ------- ---------- -------------- -------------- --------------- 000 Shares FMV on Grant Date 3 years January 1, 2000 September 1, 2000 000 Shares FMV 3 years January 1, 2001 January 1, 2001 000 Shares FMV on Grant Date 3 years January 1, 2002 000 Shares FMV on Grant Date 3 years January 1, 20022003

Incentive Options. In addition to the Annual Compensation detailed herein, MANAGER shall receive stock option allocations giving the employee the right to purchase stock in the company at current Fair Market Value (FMV) in accordance with the Elite Logistics Inc., 2000 Employee Incentive Plan. Allotment Exercise Price Vesting Vesting Option Allotment Price Period Allocation Date --------- ----------------- -------------- --------------- 0 Shares FMV on Grant Date --------- -------- ------- ------- ---------- 000 Shares FMV 3 years January 1, 2000 September 1, 2000 000 Shares FMV 3 years January 1, 2001 January 1, 2001 000 0 Shares FMV on Grant Date 3 years January 1, 2002 0 Shares FMV on Grant Date 3 years January 1, 20022003