Common use of Option to Purchase Common Stock Clause in Contracts

Option to Purchase Common Stock. a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 Option Shares, at a purchase price of $1.60 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 until January 1, 2002, with respect to installments of 454,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 2002, Optionee shall have the fully vested right to purchase 1,362,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2006.

Option to Purchase Common Stock. a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 521,000 Option Shares, at a purchase price of $1.60 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 until January 1, 2002, with respect to installments of 454,000 173,667 in 2000 and 173,666 in 2001 and 2002 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 2002, Optionee shall have the fully vested right to purchase 1,362,000 521,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year2001 or 2002, the Employee shall not have the right or option to purchase any part of the installment of 454,000 173,666 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2006.

Option to Purchase Common Stock. a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 856,000 Option Shares, at a purchase price of $1.60 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 until January 1, 2002, with respect to installments of 454,000 285,334 in 2000 and 285,333 in 2001 and 2002 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 2002, Optionee shall have the fully vested right to purchase 1,362,000 856,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year2001 and 2002, the Employee shall not have the right or option to purchase any part of the installment of 454,000 285,333 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2006.

Option to Purchase Common Stock. a. Subject to Section 5 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 525,000 Option Shares, at a purchase price of $1.60 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 until January 1, 2002, with respect to installments of 454,000 175,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 2002, Optionee shall have the fully vested right to purchase 1,362,000 525,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 175,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2006.

Option to Purchase Common Stock. a. Subject to Section 5 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 201,000 Option Shares, at a purchase price of $1.60 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 until January 1, 2002, with respect to installments of 454,000 67,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 2002, Optionee shall have the fully vested right to purchase 1,362,000 201,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 67,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2006.

Option to Purchase Common Stock. a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 525,000 Option Shares, at a purchase price of $1.60 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 until January 1, 2002, with respect to installments of 454,000 175,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 2002, Optionee shall have the fully vested right to purchase 1,362,000 525,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 175,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2006.

Option to Purchase Common Stock. a. Subject to Section 5 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 201,000 Option Shares, at a purchase price of $1.60 2.10 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 1997 until January 1, 20021999, with respect to installments of 454,000 67,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 20021999, Optionee shall have the fully vested right to purchase 1,362,000 201,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 67,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 20062003.

Option to Purchase Common Stock. a. Subject to Section 5 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 201,000 Option Shares, at a purchase price of $1.60 1.50 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 1997 until January 1, 20021999, with respect to installments of 454,000 67,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 20021999, Optionee shall have the fully vested right to purchase 1,362,000 201,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 67,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 20062003.

Option to Purchase Common Stock. a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 201,000 Option Shares, at a purchase price of $1.60 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 until January 1, 2002, with respect to installments of 454,000 67,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 2002, Optionee shall have the fully vested right to purchase 1,362,000 201,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 67,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2006.

Option to Purchase Common Stock. a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 633,000 Option Shares, at a purchase price of $1.60 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing com-mencing January 1, 2000 until to and including January 1, 2002, with respect to in three annual installments of 454,000 211,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 2002, Optionee the Employee shall have the fully vested right to purchase 1,362,000 633,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to any January 1 of any year, the Employee shall not have the right or option to purchase any part of the respective installment of 454,000 211,000 Option Shares that would have otherwise vested on such or after that particular January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2006.

Option to Purchase Common Stock. a. Subject to Section 5 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 330,000 Option Shares, at a purchase price of $1.60 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 until January 1, 2002, with respect to installments of 454,000 110,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 2002, Optionee shall have the fully vested right to purchase 1,362,000 330,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 110,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2006.

Option to Purchase Common Stock. a. Subject to Section 5 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 525,000 Option Shares, at a purchase price of $1.60 1.50 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 1997 until January 1, 20021999, with respect to installments of 454,000 175,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 20021999, Optionee shall have the fully vested right to purchase 1,362,000 525,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 175,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 20062003.

Option to Purchase Common Stock. a. Subject to Section 5 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 330,000 Option Shares, at a purchase price of $1.60 2.10 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 1997 until January 1, 20021999, with respect to installments of 454,000 110,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 20021999, Optionee shall have the fully vested right to purchase 1,362,000 330,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 110,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 20062003.

Option to Purchase Common Stock. a. Subject to Section 5 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 525,000 Option Shares, at a purchase price of $1.60 2.10 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 1997 until January 1, 20021999, with respect to installments of 454,000 175,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 20021999, Optionee shall have the fully vested right to purchase 1,362,000 525,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 175,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 20062003.

Option to Purchase Common Stock. a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 330,000 Option Shares, at a purchase price of $1.60 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 until January 1, 2002, with respect to installments of 454,000 110,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 2002, Optionee shall have the fully vested right to purchase 1,362,000 330,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 110,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2006.

Option to Purchase Common Stock. a. Subject to Section 5 12 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,362,000 330,000 Option Shares, at a purchase price of $1.60 1.50 per Option Share (the "Option Price"). The Employee's right and option to purchase the Option Shares shall vest annually commencing January 1, 2000 1997 until January 1, 20021999, with respect to installments of 454,000 110,000 Option Shares at the Option Price, so long as the Employee is employed by the Corporation. Said right shall be cumulative so that as of January 1, 20021999, Optionee shall have the fully vested right to purchase 1,362,000 330,000 Option Shares. In the event that the Employee's employment with the Corporation terminates prior to January 1 of any year, the Employee shall not have the right or option to purchase any part of the installment of 454,000 110,000 Option Shares that would have otherwise vested on such January 1. With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 20062003.