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 7,500 shares of the Company’s Common Stock (individually, a “Share” and jointly, the “Shares”) at the purchase price of $1.28 per Share (the “Option Price”) any time before November 22, 2010. If the Participant exercises the Option prior to November 22, 2010, the shares of Common Stock received from the exercise of the Option that are unvested shares according to the schedule set forth in Section 1.2 are hereafter referred to as “Restricted Shares” and Shares that have vested are referred to as “Vested Shares.” The period during which there are Restricted Shares outstanding is referred to herein as the “Restricted Period.” If the Option remains outstanding and is exercised on or after November 22, 2010, all of the Shares will be Vested Shares and none of the Shares will be Restricted Shares.

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 7,500 37,500 shares of the Company’s Common Stock (individually, a “Share” and jointly, the “Shares”) at the purchase price of $1.28 0.30 per Share (the “Option Price”) any time on or before November 2221, 2010. If the Participant exercises the Option prior to November 22, 20102004, the shares of Common Stock received from the exercise of the Option that are unvested shares according to the schedule set forth in Section 1.2 are hereafter referred to as “Restricted Shares” and Shares that have vested are referred to as “Vested Shares.” The period during which there are Restricted Shares outstanding is referred to herein as the “Restricted Period.” If the Option remains outstanding and is exercised on or after November 2221, 20102004, all of the Shares will be Vested Shares and none of the Shares will be Restricted Shares.

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 7,500 5,000 shares of the Company’s Common Stock (individually, a “Share” and jointly, the “Shares”) at the purchase price of $1.28 0.30 per Share (the “Option Price”) any time on or before November 2221, 2010. If the Participant exercises the Option prior to November 22, 20102004, the shares of Common Stock received from the exercise of the Option that are unvested shares according to the schedule set forth in Section 1.2 are hereafter referred to as “Restricted Shares” and Shares that have vested are referred to as “Vested Shares.” The period during which there are Restricted Shares outstanding is referred to herein as the “Restricted Period.” If the Option remains outstanding and is exercised on or after November 2221, 20102004, all of the Shares will be Vested Shares and none of the Shares will be Restricted Shares.

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 7,500 600,000 shares of the Company’s Common Stock (individually, a “Share” and jointly, the “Shares”) at the purchase price of $1.28 1.30 per Share (the “Option Price”) any time before November 22, 2010). If the Participant exercises the Option prior to November 22, 2010the Vesting End Date (as defined in Section 1.2), the shares fourth anniversary of Common Stock 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 hereafter hereinafter referred to as “Restricted SharesStock” and Shares that have vested are referred to as “Vested Shares.” The period during which there are is Restricted Shares Stock outstanding is referred to herein as the “Restricted Period.” If the Option remains outstanding and is exercised on or after November 22, 2010the Vesting End Date, all of the Shares will be Vested Shares and none of the Shares will be Restricted SharesStock.