Options Held Sample Clauses

Options Held. The Parties confirm that Optionee holds the following four ------------ Options: An Option granted on January 29, 1993, to purchase 37,321 shares of the Company's common stock at an exercise price of $4.167 per share (the "1993 Option"); An Option granted on March 22, 1994, to purchase 37,321 shares of the Company's common stock at an exercise price of $8.833 per share (the "1994 Option"); An Option granted on May 23, 1995, to purchase 60,000 shares of the Company's common stock at an exercise price of $10.420 per share (the "1995 Option"); and An Option granted on March 27, 1996, to purchase 112,500 shares of the Company's common stock at an exercise price of $39.313 per share (the "1996 Option"), which option Employee has exchanged effective on the date hereof for a new option to purchase 112,500 shares of the Company's common stock at an exercise price of $14.395 per share (the closing price on May 1, 1997) which option shall become exercisable as to 10,227 shares at the end of each month beginning on May 31 with a final vesting of 10,230 shares on the earlier of March 31, 1998, or the date of the 1998 annual meeting of stockholders (the "1997 Option").