Common use of Option Provisions Clause in Contracts

Option Provisions. This Nonstatutory Stock Option Agreement is subject to the approval of the Corporation’s stockholders. Options granted hereunder are granted in consideration for the Optionee’s future services as President and/or Chief Executive Officer. No other office shall be eligible for Options under this plan. Notwithstanding the foregoing, this Nonstatutory Stock Option Agreement is not an employment contract and nothing in this option shall be deemed to create in any way whatsoever any obligation on Optionee’s part to continue in the employ of the Corporation, or of the Corporation to continue Optionee’s employment with the Corporation.

Option Provisions. This Nonstatutory Stock Option Agreement is subject to the approval of the Corporation’s 's stockholders. Options granted hereunder are granted in consideration for the Optionee’s 's future services as President and/or Chief Executive Officer. No other office shall be eligible for Options under this plan. Notwithstanding the foregoing, this Nonstatutory Stock Option Agreement is not an employment contract and nothing in this option shall be deemed to create in any way whatsoever any obligation on Optionee’s 's part to continue in the employ of the Corporation, or of the Corporation to continue Optionee’s 's employment with the Corporation.