Common use of Option Grant Clause in Contracts

Option Grant. The Company hereby grants to the Optionee an option to purchase a total of 60,000 shares of Common Stock of the Company at an option exercise price of $13.125 per share, being not less than 100% of the Fair Market Value of the Common Stock on the date of grant hereof. This option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986.

Option Grant. The Company hereby grants to the Optionee an option to purchase a total of 60,000 75,000 shares of Common Stock of the Company at an option exercise price of $13.125 9.375 per share, being not less than 100% of the Fair Market Value of the Common Stock on the date of grant hereof. This option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986.

Option Grant. The Company Optionee is hereby grants to the Optionee granted an option to purchase a total of 60,000 460,000 shares of Common Stock at $0.75 per share. The Option shall be exercisable on the later of (a) approval by shareholders of the Company at an option exercise price of $13.125 per share, being not less than 100% Corporation of the Fair Market Value issuance of shares of Common Stock pursuant to the payment or conversion of the convertible promissory notes of the Corporation issued as of December 1, 1998 and the issuance of the shares of Common Stock on pursuant to the date Corporation's April 1999 private placement or (b) Optionee's execution of grant hereof. This option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986this Agreement.

Option Grant. The Company hereby grants to the Optionee an the option (the "Option") to purchase a total of 60,000 100,000 shares (the "Optioned Shares") of Common Stock of from the Company at an option exercise a price of $13.125 1.00 per share. The Optionee shall have the right to exercise the Option beginning on July 12, being not less than 100% 2002 through and including July 11, 2005. The Option may be exercised in whole at any time or in part from time to time during the exercise period and is subject to adjustment as to price and number of the Fair Market Value of the Common Stock on the date of grant shares as set forth in Section 5 hereof. This option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986.

Option Grant. The Company hereby grants to the Optionee an option to purchase a total of 60,000 three hundred thousand (300,000) shares of Common Stock of the Company at an option exercise price of $13.125 13.93 per share, being not less than 100% of the Fair Market Value of the a share of Common Stock on the date of grant hereof. This option is not NOT intended to qualify as an "incentive stock option option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Option Grant. The Company hereby grants to the Optionee an option to purchase a total of 60,000 two hundred thousand (200,000) shares of Common Stock of the Company at an option exercise price of $13.125 13.81 per share, being not less than 100% of the Fair Market Value of the a share of Common Stock on the date of grant hereof. This option is not NOT intended to qualify as an "incentive stock option option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Option Grant. The Company hereby grants to the Optionee an option to purchase a total of 60,000 two hundred thousand (200,000) shares of Common Stock of the Company at an option exercise price of $13.125 7.500 per share, being not less than 100% of the Fair Market Value of the a share of Common Stock on the date of grant hereof. This option is not NOT intended to qualify as an "incentive stock option option" within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").

Option Grant. The Company hereby grants to the Optionee an the option (the "Option") to purchase a total of 60,000 15,000 shares (the "Optioned Shares") of Common Stock of from the Company at an option exercise a price of US $13.125 4.00 per share. The Optionee shall have the right to exercise the Option immediately upon the execution of this Agreement through and including September 10, being not less than 100% 2002. The Option may be exercised in whole at any time or in part from time to time during the exercise period and is subject to adjustment as to price and number of the Fair Market Value of the Common Stock on the date of grant shares as set forth in Section 5 hereof. This option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986.

Option Grant. The Company hereby grants to the Optionee an option to purchase a total of 60,000 75,000 shares of Common Stock of the Company at an option exercise price of $13.125 9.3125 per share, being not less than 100% of the Fair Market Value of the Common Stock on the date of grant hereof. This option is not intended to qualify as an incentive stock stop option within the meaning of Section 422 of the Internal Revenue Code of 1986.

Option Grant. The Company hereby grants to the Optionee an the option (the "Option") to purchase a total of 60,000 25,000 shares (the "Optioned Shares") of Common Stock of from the Company at an option exercise a price of US $13.125 4.25 per share. The Optionee shall have the right to exercise the Option immediately upon the execution of this Agreement through and including March 1, being not less than 100% 2007. The Option may be exercised in whole at any time or in part from time to time during the exercise period and is subject to adjustment as to price and number of the Fair Market Value of the Common Stock on the date of grant shares as set forth in Section 5 hereof. This option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986.

Option Grant. The Company hereby grants to the Optionee an the option (the "Option") to purchase a total of 60,000 250,000 shares (the "Optioned Shares") of Common Stock of from the Company at an option exercise a price of $13.125 1.00 per share. The Optionee shall have the right to exercise the Option beginning on February 6, being not less than 100% 2002 through and including February 5, 2007. The Option may be exercised in whole at any time or in part from time to time during the exercise period and is subject to adjustment as to price and number of the Fair Market Value of the Common Stock on the date of grant shares as set forth in Section 5 hereof. This option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986.

Option Grant. The As of the date of this Agreement, the Company hereby grants to the Optionee an option (the “Option”) to purchase a total of 60,000 200,000 shares (the “Shares”) of Common Stock common stock of the Company at an option exercise price of $13.125 18.87 per share, being not less than 100% of the Fair Market Value of the Common Stock on the date of grant hereofShare. This option The Option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986.

Option Grant. The Company hereby grants to the Optionee an the option (the "Option") to purchase a total of 60,000 15,000 shares (the "Optioned Shares") of Common Stock of from the Company at an option exercise a price of US $13.125 4.25 per share. The Optionee shall have the right to exercise the Option immediately upon the execution of this Agreement through and including October 25, being not less than 100% 2007. The Option may be exercised in whole at any time or in part from time to time during the exercise period and is subject to adjustment as to price and number of the Fair Market Value of the Common Stock on the date of grant shares as set forth in Section 5 hereof. This option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986.

Option Grant. The Company hereby grants to the Optionee an the option (the "Option") to purchase a total of 60,000 100,000 shares (the "Optioned Shares") of Common Stock of from the Company at an option exercise a price of $13.125 1.00 per share. The Optionee shall have the right to exercise the Option beginning on June 21, being not less than 100% 2002 through and including June 20, 2005. The Option may be exercised in whole at any time or in part from time to time during the exercise period and is subject to adjustment as to price and number of the Fair Market Value of the Common Stock on the date of grant shares as set forth in Section 5 hereof. This option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986.

Option Grant. The Company hereby grants to the Optionee an the option (the "Option") to purchase a total of 60,000 25,000 shares (the "Optioned Shares") of Common Stock of from the Company at an option exercise a price of US $13.125 5.00 per share. The Optionee shall have the right to exercise the Option immediately upon the execution of this Agreement through and including March 1, being not less than 100% 2007. The Option may be exercised in whole at any time or in part from time to time during the exercise period and is subject to adjustment as to price and number of the Fair Market Value of the Common Stock on the date of grant shares as set forth in Section 5 hereof. This option is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986.