Common use of Option; Number of Shares; Option Price Clause in Contracts

Option; Number of Shares; Option Price. The Participant is granted the right and option to purchase (the “Option”) all or any part of an aggregate of «NUMBER» shares of Common Stock (individually, a “Share” and jointly, the “Shares”) at the purchase price of $ per Share (the “Option Price”). If the Participant exercises the Option prior to the Vesting End Date (as defined in Section 1.2), the Shares received from the exercise of the Option that are unvested shares according to the schedule set forth in Section 1.2 are hereinafter referred to as “Restricted Stock” and Shares that have vested are referred to as “Vested Shares.” The period during which there is Restricted Stock outstanding is referred to herein as the “Restricted Period.” If the Option remains outstanding and is exercised on or after the Vesting End Date, all of the Shares will be Vested Shares and none of the Shares will be Restricted Stock.

Option; Number of Shares; Option Price. The Participant is granted the right and option to purchase (the “Option”) all or any part of an aggregate of «NUMBER» 1,250,000 shares of Common Stock (individually, a “Share” and jointly, the “Shares”) at the purchase price of $ $0.69 per Share (the “Option Price”). If the Participant exercises the Option prior to the Vesting End Date (as defined in Section 1.2), the fourth anniversary of the Vesting Start Date, the Shares received from the exercise of the Option that are unvested shares according to the schedule set forth in Section 1.2 are hereinafter referred to as “Restricted Stock” and Shares that have vested are referred to as “Vested Shares.” The period during which there is Restricted Stock outstanding is referred to herein as the “Restricted Period.” If the Option remains outstanding and is exercised on or after the Vesting End Date, all of the Shares will be Vested Shares and none of the Shares will be Restricted Stock.

Option; Number of Shares; Option Price. The Participant is granted the right and option to purchase (the “Option”) all or any part of an aggregate of «NUMBER» shares of Common Stock (individually, a “Share” and jointly, the “Shares”) at the purchase price of $ per Share (the “Option Price”). If the Participant exercises the Option prior to the Vesting End Date (as defined in Section 1.2), the Shares received from the exercise of the Option that are unvested shares according to the schedule set forth in Section 1.2 are hereinafter referred to as “Restricted Stock” and Shares that have vested are referred to as “Vested Shares.” The period during which there is Restricted Stock outstanding is referred to herein as the “Restricted Period.” If the Option remains outstanding and is exercised on or after the Vesting End Date, all of the Shares will be Vested Shares and none of the Shares will be Restricted Stock.

Option; Number of Shares; Option Price. The Participant is granted the right and option to purchase (the “Option”) all or any part of an aggregate of «NUMBER» __________ shares of Common Stock (individually, a “Share” and jointly, the “Shares”) at the purchase price of $ $_____ per Share (the “Option Price”). If the Participant exercises the Option prior to the Vesting End Date (as defined in Section 1.2), the Shares received from the exercise of the Option that are unvested shares according to the schedule set forth in Section 1.2 are hereinafter referred to as “Restricted Stock” and Shares that have vested are referred to as “Vested Shares.” The period during which there is Restricted Stock outstanding is referred to herein as the “Restricted Period.” If the Option remains outstanding and is exercised on or after the Vesting End Date, all of the Shares will be Vested Shares and none of the Shares will be Restricted Stock.