Common use of NONINCENTIVE COMPENSATION Clause in Contracts

NONINCENTIVE COMPENSATION. As additional compensation (the "NONINCENTIVE COMPENSATION") for the services to be rendered by the Executive pursuant to this Agreement, the Executive shall be permitted to participate in the Option Plan. Upon the commencement of Executive's employment hereunder, the Executive shall be granted one, seven-year option to purchase an aggregate of 500,000 shares of Common Stock on the terms and conditions set forth below:

NONINCENTIVE COMPENSATION. As additional compensation (the "NONINCENTIVE COMPENSATION") for the services to be rendered by the Executive pursuant to this Agreement, the Executive shall be permitted to participate in the Option Plan. Upon the commencement of Executive's employment hereunder, the Executive shall be granted one, sevenfive-year option to purchase an aggregate of 500,000 225,000 shares of Common Stock on the terms and conditions set forth below:

NONINCENTIVE COMPENSATION. As additional compensation (the "NONINCENTIVE COMPENSATION") for the services to be rendered by the Executive pursuant to this Agreement, the Executive shall be permitted to participate in the Option Plan. Upon the commencement of Executive's employment hereunder, the Executive shall be granted one, seven-year option two options to purchase an aggregate of 500,000 550,000 shares of Common Stock Stock, at a price of $.75 per share, on the terms and conditions set forth below:

NONINCENTIVE COMPENSATION. As additional compensation (the "NONINCENTIVE COMPENSATION") for the services to be rendered by the Executive pursuant to this Agreement, the Executive shall be permitted to participate in the Option Plan. Upon the commencement of Executive's employment hereunder, the Executive shall be granted one, sevensix-year option to purchase an aggregate of 500,000 200,000 shares of Common Stock on the terms and conditions set forth below:

NONINCENTIVE COMPENSATION. As additional compensation (the "NONINCENTIVE COMPENSATION") for the services to be rendered by the Executive pursuant to this Agreement, the Executive shall be permitted to participate in the Option Plan. Upon the commencement of Executive's employment hereunder, the Executive shall be granted one, seven-year option two options to purchase an aggregate of 500,000 300,000 shares of Common Stock at a price of $.75 per share on the terms and conditions set forth below: