Common use of Stock Option Award Clause in Contracts

Stock Option Award. Subject to adoption by the Board and approval by the Company’s stockholders of the 2010 Incentive Award Plan (the “Plan”), the Company shall grant to the Executive, as soon as practicable after the execution of this Agreement (which grant date, for the avoidance of doubt, may precede the Effective Date) (the “Grant Date”), a nonqualified option to purchase two hundred thousand (200,000) shares of the Company’s common stock (the “Stock Option”) with an exercise price equal $9.00 per share. Subject to Section 4(a) hereof, the Stock Option shall vest and become exercisable in substantially equal installments (rounded up to the nearest whole share) on each monthly anniversary of the Effective Date occurring over the four (4)-year period immediately following the Effective Date, subject to the Executive’s continued employment with the Company through such date. If the Effective Date does not occur on or prior to March 31, 2011 for any reason, then, notwithstanding anything to the contrary, the Stock Option shall terminate and be forfeited, and the Company shall have no further obligations with respect thereto. The terms and conditions of the Stock Option shall, in a manner consistent with this Section 2(b)(iii), be set forth in a separate award agreement in a form prescribed by the Company (the “Stock Option Agreement”), to be entered into by the Company and the Executive, which shall evidence the grant of the Stock Option. The Stock Option shall be governed in all respects by the terms and conditions of the Plan.

Stock Option Award. Subject to adoption by the Board and approval by the Company’s stockholders of the 2010 Incentive Award Plan (the “Plan”), the Company shall grant to the Executive, as soon as practicable after the execution of this Agreement (which grant date, for the avoidance of doubt, may precede the Effective Date) (the “Grant Date”), a nonqualified option to purchase two one hundred seventy-five thousand (200,000175,000) shares of the Company’s common stock (the “Stock Option”) with an exercise price equal $9.00 per share. Subject to Section 4(a) hereof, the Stock Option shall vest and become exercisable in substantially equal installments (rounded up to the nearest whole share) on each monthly anniversary of the Effective Date occurring over the four (4)-year period immediately following the Effective Date, subject to the Executive’s continued employment with the Company through such date. If the Effective Date does not occur on or prior to March 31, 2011 for any reason, then, notwithstanding anything to the contrary, the Stock Option shall terminate and be forfeited, and the Company shall have no further obligations with respect thereto. The terms and conditions of the Stock Option shall, in a manner consistent with this Section 2(b)(iii), be set forth in a separate award agreement in a form prescribed by the Company (the “Stock Option Agreement”), to be entered into by the Company and the Executive, which shall evidence the grant of the Stock Option. The Stock Option shall be governed in all respects by the terms and conditions of the Plan.

Stock Option Award. Subject to adoption by the Board and approval by the Company’s stockholders of the 2010 Incentive Award Plan (the “Plan”), the Company shall grant to the Executive, as soon as practicable after the execution of this Agreement (which grant date, for the avoidance of doubt, may precede the Effective Date) (the “Grant Date”), a nonqualified option to purchase two one hundred twenty-five thousand (200,000125,000) shares of the Company’s common stock (the “Stock Option”) with an exercise price equal $9.00 per share. Subject to Section 4(a) hereof, the Stock Option shall vest and become exercisable in substantially equal installments (rounded up to the nearest whole share) on each monthly anniversary of the Effective Date occurring over the four (4)-year period immediately following the Effective Date, subject to the Executive’s continued employment with the Company through such date. If the Effective Date does not occur on or prior to March 31, 2011 for any reason, then, notwithstanding anything to the contrary, the Stock Option shall terminate and be forfeited, and the Company shall have no further obligations with respect thereto. The terms and conditions of the Stock Option shall, in a manner consistent with this Section 2(b)(iii), be set forth in a separate award agreement in a form prescribed by the Company (the “Stock Option Agreement”), to be entered into by the Company and the Executive, which shall evidence the grant of the Stock Option. The Stock Option shall be governed in all respects by the terms and conditions of the Plan.

Stock Option Award. Subject to adoption by the Board and approval by the Company’s stockholders of the 2010 Incentive Award Plan (the “Plan”), the Company shall grant to the Executive, as soon as practicable after the execution of this Agreement (which grant date, for the avoidance of doubt, may precede the Effective Date) (the “Grant Date”), a nonqualified option to purchase two five hundred thousand (200,000500,000) shares of the Company’s common stock (the “Stock Option”) with an exercise price equal to $9.00 per share. Subject to Section 4(a) hereof, the Stock Option shall vest and become exercisable in substantially equal installments (rounded up to the nearest whole share) on each monthly anniversary of the Effective Date occurring over the four (4)-year period immediately following the Effective Date, subject to the Executive’s continued employment with the Company through such date. If the Effective Date does not occur on or prior to March 31, 2011 for any reason, then, notwithstanding anything to the contrary, the Stock Option shall terminate and be forfeited, and the Company shall have no further obligations with respect thereto. The terms and conditions of the Stock Option shall, in a manner consistent with this Section 2(b)(iii), be set forth in a separate award agreement in a form prescribed by the Company (the “Stock Option Agreement”), to be entered into by the Company and the Executive, which shall evidence the grant of the Stock Option. The Stock Option shall be governed in all respects by the terms and conditions of the Plan.

Stock Option Award. Subject to adoption by the Board and approval by the Company’s stockholders of the 2010 Incentive Award Plan (the “Plan”), the Company shall grant to the Executive, as soon as practicable after the execution of this Agreement (which grant date, for the avoidance of doubt, may precede the Effective Date) (the “Grant Date”), a nonqualified option to purchase two one hundred thousand (200,000100,000) shares of the Company’s common stock (the “Stock Option”) with an exercise price equal $9.00 per share. Subject to Section 4(a) hereof, the Stock Option shall vest and become exercisable in substantially equal installments (rounded up to the nearest whole share) on each monthly anniversary of the Effective Date occurring over the four (4)-year period immediately following the Effective Date, subject to the Executive’s continued employment with the Company through such date. If the Effective Date does not occur on or prior to March 31, 2011 for any reason, then, notwithstanding anything to the contrary, the Stock Option shall terminate and be forfeited, and the Company shall have no further obligations with respect thereto. The terms and conditions of the Stock Option shall, in a manner consistent with this Section 2(b)(iii), be set forth in a separate award agreement in a form prescribed by the Company (the “Stock Option Agreement”), to be entered into by the Company and the Executive, which shall evidence the grant of the Stock Option. The Stock Option shall be governed in all respects by the terms and conditions of the Plan.