Common use of Management Stock Incentive Program Clause in Contracts

Management Stock Incentive Program. The Executive shall be eligible to ---------------------------------- participate in the Company's stock option, stock purchase or other stock incentive plan(s) to the extent generally available to executive officers of the Company and shall be eligible for the grant of stock options, restricted stock and other awards thereunder as determined by the Board of Directors. The Executive shall be granted an option under the Intelligent Life Corporation 1999 Equity Compensation Plan (the "Equity Plan") to acquire 71,700 shares of the Company's common stock at an exercise price of $14.84 per share, subject to such other terms as specifically provided in the Incentive Stock Option Grant, dated of even date herewith.