Common use of Option to Purchase Common Stock Clause in Contracts

Option to Purchase Common Stock. a. Subject to Section 12 hereof, the Corporation hereby grants to the Grantee an option (the "Option") to purchase from the Corporation 67,500 Option Shares, at a purchase price of $2.00 per Option Share (the "Option Price"). The Grantee's right and option to purchase the Option Shares shall vest commencing on the date hereof and expiring five years from the date hereof.

Option to Purchase Common Stock. a. Subject to Section 12 hereof, the Corporation hereby grants to the Grantee Employee an option (the "Option") to purchase from the Corporation 67,500 80,000 Option Shares, at a purchase price of $2.00 3.50 per Option Share (the "Option Price"). The GranteeEmployee's right and option to purchase the Option Shares shall vest commencing August 1, 1995. With respect to the Option, the "Option Period" shall commence on the date hereof and expiring five years from the date hereofterminate on January 1, 2002.

Option to Purchase Common Stock. a. Subject to Section 12 hereof, the Corporation hereby grants to the Grantee an option (the "Option") to purchase from the Corporation 67,500 15,000 Option Shares, at a purchase price of $2.00 per Option Share (the "Option Price"). The Grantee's right and option to purchase the Option Shares shall vest commencing on the date hereof and expiring five years from the date hereof.