Common use of Initial Option Grant Clause in Contracts

Initial Option Grant. In connection with Executive’s commencement of employment with the Company, Executive was granted an option (the “Initial Option”) to purchase 110,000 shares of Common Stock of the Company pursuant to the Company’s 2014 Stock Plan (the “Plan”). The Initial Option was granted on August 11, 2015 with an exercise price per share of $25.08 and vests over a four year period measured from Executive’s Start Date, subject to full acceleration in the event the Company experiences a Change in Control, as further described in the Stock Incentive Award Agreement evidencing the Initial Option. At the Initial Public Offering of the Company’s Common Stock in February 2016, the Initial Option was split and revalued at 151,800 shares of Common Stock with an exercise price per share of $18.17.

Initial Option Grant. In connection with Executive’s commencement of employment with the Company, Executive was granted an option (the “Initial Option”) to purchase 110,000 535,000 shares of Common Stock of the Company pursuant to the Company’s 2014 Stock Plan (the “Plan”). The Initial Option was granted on August 11June 10, 2015 with an exercise price per share of $25.08 22.00 and vests over a four year period measured from Executive’s Start Date, subject to full acceleration in the event the Company experiences a Change in Control, as further described in the Stock Incentive Award Agreement evidencing the Initial Option. At the Initial Public Offering of the Company’s Common Stock in February 2016, the Initial Option was split and revalued at 151,800 738,300 shares of Common Stock with an exercise price per share of $18.1715.94.

Initial Option Grant. In connection with Executive’s commencement of employment with the Company, Executive was granted an option (the “Initial Option”) to purchase 110,000 144,823 shares of Common Stock of the Company pursuant to the Company’s 2014 Stock Plan (the “Plan”). The Initial Option was granted on August 11October 13, 2015 with an exercise price per share of $25.08 25.50 per share and vests over a four year period measured from Executive’s Start Date, subject to full acceleration in the event the Company experiences a Change in Control, as further described in the Stock Incentive Award Agreement evidencing the Initial Option. At the Initial Public Offering of the Company’s Common Stock in February 2016, the Initial Option was split and revalued at 151,800 199,855 shares of Common Stock with an exercise price per share of $18.1718.48.