Common use of Performance-Based Stock Options Clause in Contracts

Performance-Based Stock Options. A stock options to purchase 50,000 shares of the Company’s common stock, with an exercise price equal to the closing price of the Company’s common stock on the date of grant, a ten year term, and that will vest and become exercisable upon the satisfaction of the performance conditions to be agreed by the Executive and the Company’s Board of Directors.

Performance-Based Stock Options. A stock options option to purchase 50,000 100,000 shares of the Company’s common stock, with an exercise price equal to the closing price of the Company’s common stock on the date of grant, a ten year term, and that will vest and become exercisable upon the satisfaction of the performance conditions to be agreed by the Executive and the Company’s Board of Directors.

Performance-Based Stock Options. A stock options option to purchase 50,000 150,000 shares of the Company’s common stock, with an exercise price equal to the closing price of the Company’s common stock on the date of grantPromotion Date, a ten year term, and that will vest and become exercisable upon the satisfaction of the performance conditions to be agreed by the Executive and the Company’s Board of Directors.exercisable:

Performance-Based Stock Options. A stock options option to purchase 50,000 167,608 shares of the Company’s common stock, with an exercise price equal to the closing price of the Company’s common stock on the date of grantJanuary 30, 2012, a ten year term, and that will such other terms and conditions applicable to stock options granted by the Company to its senior management. Such award shall vest and become exercisable upon the satisfaction of the performance conditions (based upon a performance period of no greater than 3 years) to be agreed determined by the Executive and the Company’s Board of DirectorsCompensation Committee.”

Performance-Based Stock Options. A stock options option to purchase 50,000 174,890 shares of the Company’s common stock, with an exercise price equal to the closing price of the Company’s common stock on the date of grantEmployment Date, a ten year term, and that will such other terms and conditions applicable to stock options granted by the Company to its senior management. Such award shall vest and become exercisable upon the satisfaction of the performance conditions (based upon a performance period of no greater than 3 years) to be agreed determined by the Executive and the Company’s Board of DirectorsCompensation Committee.