Common use of Initial Stock Option Clause in Contracts

Initial Stock Option. On the Effective Date, the Company will grant Employee a stock option (“Stock Option”) to purchase Two Hundred Thousand (200,000) shares of Common Stock of the Company in accordance with the terms of the Company’s 2017 Omnibus Incentive Plan (the “Plan”) on the terms to be set forth in an Option Award Agreement.

Initial Stock Option. On the Effective Date, the Company will grant Employee a stock option (“"Stock Option”") to purchase Two Hundred Thousand (200,000) 120,000 shares of Common Stock of the Company in accordance with the terms of the Company’s 2017 Omnibus Incentive Plan (the “"Plan”") on the terms to be set forth in an Option Award Agreement.