Common use of Option Grant Clause in Contracts

Option Grant. The Company grants you an option (the “Option”) to purchase up to «Shares» shares of the Company’s Common Stock at a price of $«Price» per share. The Option is not exercisable now but becomes exercisable in installments, which are cumulative, so that «Vesting_»% of the number of shares originally subject to the Option will vest and become exercisable on each of the dates set forth on the Vesting Schedule below.

Option Grant. The Company grants you an option (the “"Option”") to purchase up to «Shares» shares of the Company’s 's Common Stock at a price of $«Price» $ per share. The Option is not exercisable now but becomes exercisable in installments, which are cumulative, so that «Vesting_»% that, so long as you do not experience a Termination prior to any such date, % of the number of shares originally subject to the Option will shall vest and become exercisable on each of the dates set forth on the Vesting Schedule in Section 5 below.

Option Grant. The Company grants you an option (the “Option”) to purchase up to «[No. of Shares» ] shares of the Company’s Common Stock at a price of $«[Option Price» ] per share. The Option is not exercisable now but becomes exercisable in installments, which are cumulative, so that «Vesting_»% of that, so long as you do not experience a Termination prior to any such date, the number of shares originally subject to the Option will shall vest and become exercisable on each of the dates set forth on the Vesting Schedule in Section 5 below.

Option Grant. The Company grants you an option (the “Option”) to purchase up to «Shares» shares of the Company’s Common Stock at a price of $«Price» $ per share. The Option is not exercisable now but becomes exercisable in installments, which are cumulative, so that «Vesting_»% 20% of the number of shares originally subject to the Option will vest and become exercisable on each of the dates set forth described on the Vesting Schedule below.

Option Grant. The Company grants you an option (the “Option”) to purchase up to «Shares» ______ shares of the Company’s Common Stock at a price of $«Price» ____ per share. The Option is not exercisable now but becomes exercisable in installments, which are cumulative, so that «Vesting_»% 20% of the number of shares originally subject to the Option will vest and become exercisable on each of the dates set forth described on the Vesting Schedule below.

Option Grant. The Company hereby grants you an to the Optionee the option (the “"Option”") to purchase up to «25,000 shares (the "Optioned Shares» shares ") of the Company’s Common Stock from the Company at a price of US $«Price» 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, 2007. The Option may be exercised in whole at any time or in part from time to time during the exercise period and is not exercisable now but becomes exercisable in installments, which are cumulative, so that «Vesting_»% of the subject to adjustment as to price and number of shares originally subject to the Option will vest and become exercisable on each of the dates as set forth on the Vesting Schedule belowin Section 5 hereof.

Option Grant. The Company grants you an option (the “Option”) to purchase up to «Shares» shares of the Company’s Common Stock at a price of $«Price» $ per share. The Option is not exercisable now but becomes exercisable in installments, which are cumulative, so that «Vesting_»% 20% of the number of shares originally subject to the Option will vest and become exercisable on each of the dates set forth on the Vesting Schedule below.

Option Grant. The Company hereby grants you an to the Optionee the option (the “"Option”") to purchase up to «250,000 shares (the "Optioned Shares» shares ") of the Company’s Common Stock from the Company at a price of $«Price» 1.00 per share. The Optionee shall have the right to exercise the Option beginning on February 6, 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 not exercisable now but becomes exercisable in installments, which are cumulative, so that «Vesting_»% of the subject to adjustment as to price and number of shares originally subject to the Option will vest and become exercisable on each of the dates as set forth on the Vesting Schedule belowin Section 5 hereof.

Option Grant. The Company grants you an option (the “Option”) to purchase up to «Shares» [______] shares of the Company’s Common Stock at a price of $«Price» [______] per share. The Option is not exercisable now but becomes exercisable in installments, which are cumulative, so that «Vesting_»% of that, so long as you do not experience a Termination prior to any such date, the number of shares originally subject to the Option will shall vest and become exercisable on each of the dates set forth on the Vesting Schedule in Section 5 below.

Option Grant. The Company grants you an option (the “Option”) to purchase up to «Shares» (shares) shares of the Company’s Common Stock at a price of $«Price» $ per share. The Option is not exercisable now but becomes exercisable in installments, which are cumulative, so that «Vesting_»% 20% of the number of shares originally subject to the Option will vest and become exercisable on each of the dates set forth described on the Vesting Schedule below.

Option Grant. The Company grants you an option (the “Option”) to purchase up to «Shares» [_____] shares of the Company’s Common Stock at a price of $«Price» [____] per share. The Option is not exercisable now but becomes exercisable in installments, which are cumulative, so that «Vesting_»% of that, so long as you do not experience a Termination prior to any such date, the number of shares originally subject to the Option will shall vest and become exercisable on each of the dates set forth on the Vesting Schedule in Section 5 below.

Option Grant. The Company grants you an option (the “Option”) to purchase up to «Shares» shares of the Company’s Common Stock at a price of $«Price» per share. The Option is not exercisable now but becomes exercisable in installments, which are cumulative, so that «Vesting_»% Vesting »% of the number of shares originally subject to the Option will vest and become exercisable on each of the dates set forth described on the Vesting Schedule below.

Option Grant. The Company hereby grants you an to the Optionee the option (the “"Option”") to purchase up to «25,000 shares (the "Optioned Shares» shares ") of the Company’s Common Stock from the Company at a price of US $«Price» 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, 2007. The Option may be exercised in whole at any time or in part from time to time during the exercise period and is not exercisable now but becomes exercisable in installments, which are cumulative, so that «Vesting_»% of the subject to adjustment as to price and number of shares originally subject to the Option will vest and become exercisable on each of the dates as set forth on the Vesting Schedule belowin Section 5 hereof.