Common use of Subsequent Years Clause in Contracts

Subsequent Years. In each of 2004 and 2005, Employer shall issue Employee a stock option to purchase no fewer than twenty thousand (20,000) shares of Employer's common stock, in each case with an exercise price per share no less than the fair market value of Employer's common stock on the date of grant. Such options shall be subject to such vesting provisions as the Option Plan Administrator shall set at the times of grant.