Employee Uses in Grant of Option Clause

Grant of Option from Employee Stock Purchase Plan

Grant of Option. On the Offering Date of each Offering Period, each Employee participating in such Offering Period will be granted an option to purchase on each Exercise Date during such Offering Period (at the applicable Purchase Price) up to a number of shares of Common Stock determined by dividing such Employees payroll deductions accumulated prior to such Exercise Date and retained in the Employees account as of the Exercise Date by the applicable Purchase Price; provided that in no event will an Employee be permitted to purchase during any twelve (12) month period more than six thousand (6,000) shares of the Common Stock (subject to any adjustment pursuant to Section 19), and provided further that such purchase will be subject to the limitations set forth in Sections 3(b) and 13. The Employee may accept the grant of such option with respect to any Offering Period under the Plan, by electing to participate in the Plan in accordance with the requirements of Section 5. The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of Common Stock that each Employee may purchase during each Offering Period. Exercise of the option will occur as provided in Section 8, unless the participant has withdrawn pursuant to Section 10. The option will expire on the last day of the Offering Period.

Grant of Option from Employee Stock Purchase Plan

Grant of Option. On the Offering Date of each Offering Period, each Employee participating in such Offering Period will be granted an option to purchase on each Exercise Date during such Offering Period (at the applicable Purchase Price) up to a number of shares of Common Stock determined by dividing such Employees payroll deductions accumulated prior to such Exercise Date and retained in the Employees account as of the Exercise Date by the applicable Purchase Price; provided that in no event will an Employee be permitted to purchase during any twelve (12) month period more than six thousand (6,000) shares of the Common Stock (subject to any adjustment pursuant to Section 19), and provided further that such purchase will be subject to the limitations set forth in Sections 3(b) and 13. The Employee may accept the grant of such option with respect to any Offering Period under the Plan, by electing to participate in the Plan in accordance with the requirements of Section 5. The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of Common Stock that each Employee may purchase during each Offering Period. Exercise of the option will occur as provided in Section 8, unless the participant has withdrawn pursuant to Section 10. The option will expire on the last day of the Offering Period.

Grant of Option

I am very excited to present you with this offer to join the Echelon executive team. I am certain that you will make an important contribution to Echelon and that you will truly enjoy working here. We have strong technology, a great customer and partner base, a very capable team and an exciting future - a future on which we expect that you will have a great impact.

Grant of Option. The Plan Administrator of the Company hereby grants to the Optionee named in the Grant Summary (the "Optionee") an option (the "Option") to purchase the number of Shares, as set forth in the Grant Summary, at the exercise price per share set forth in the Grant Summary (the "Exercise Price"), subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 16(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail.If designated in the Grant Summary as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonstatutory Stock Option ("NSO").2Vesting Schedule:This Option may be exercised, in whole or in part, in accordance with the following schedule:25% of the Shares subject to the Option shall vest on each annual anniversary of the date of grant subject to the Optionee continuing to be a Service Provider on such dates.(a)Notwithstanding anything in this paragraph 2 to the contrary, and except as otherwise provided by the Administrator, vesting of the Option will be suspended during any unpaid leave of absence other than military leave and will resume on the date the Employee returns to work on a regular schedule as determined by the Company; provided, however, that no vesting credit will be awarded for the time vesting has been suspended during such leave of absence. The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the Option at any time, subject to the terms of the Plan. If so accelerated, such Option (or the portion thereof) will be considered as having vested as of the date specified by the Administrator.(b)Further, and notwithstanding the foregoing, upon Employee's "Involuntary Termination" (as defined below) within twelve (12) months following a "Change of Control Merger" (as defined in the Plan), 100% of the outstanding and unvested portion of the Option awarded by this Agreement will vest in full and, to the extent applicable, all performance goals or other vesting criteria to which the Option is subject will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met. (c)For purposes of this Agreement, "Involuntary Termination" shall mean, without Employee's express written consent: (i) a significant reduction of the Employee's duties, authority or responsibilities, relative to the Employee's duties, authority or responsibilities as in effect immediately prior to the Change of Control Merger? (ii) a material reduction in the total cash compensation of the Employee as in effect immediately prior to the Change of Control Merger? (iii) the relocation of the Employee to a facility or a location more than thirty (30) miles from the Employee's then present location, without the Employee's express written consent? or (iv) any purported termination of the Employee which is not effected for "Disability" or for "Cause" (each as defined in the Plan), or any purported termination for which the grounds relied upon are not valid. 3Termination Period:This Option may be exercised for thirty (30) days after Optionee ceases to be a Service Provider. Upon the death or Disability of the Optionee, this Option may be exercised for twelve (12) months after Optionee ceases to be a Service Provider. In no event shall this Option be exercised later than the Term/Expiration Date as provided in the Grant Summary.4 Exercise of Option.

Grant of Option from Stock Option Agreement

STOCK OPTION AGREEMENT made this July 15, 2013, between Supertel Hospitality, Inc., a Virginia corporation ("Company"), and Jeffrey Dougan, an employee of the Company ("Holder").

Grant of Option. The Company hereby irrevocably grants to the Holder, pursuant to and subject to the terms hereof, the right and option, hereinafter called the "Option," to purchase all or any part of an aggregate of 25,000 shares of common stock (the "Common Shares") of the Company (such number being subject to adjustment as provided in Paragraph 7 hereof) on the terms and conditions herein set forth. The holder of the Option shall not have any of the rights of a stockholder with respect to the shares covered by the Option until one or more certificates for such shares shall be delivered to such holder upon the due exercise of the Option. This Option is intended to be an equity award described in Rule 5635(c)(4) of the Marketplace Rules of the NASDAQ Stock Market, Inc. and is being made to the Employee as an inducement material to the Employee's entering into employment with the Company.

Grant of Option from Notice

This Option will vest and become exercisable in increments on the following dates, provided you are still an employee on that date:

Grant of Option. In consideration of Employee's past and/or continued employment with or service to the Company or a Subsidiary and for other good and valuable consideration, effective as of the Option Grant Date set forth in the Grant Notice (the "Grant Date"), the Company irrevocably grants to Employee the Option to purchase any part or all of an aggregate of the number of shares of Class A common stock ("Common Stock") set forth in the Grant Notice, upon the terms and conditions set forth in this Agreement and the Plan. [Unless designated as a Non-Qualified Stock Option in the Grant Notice, the Option shall be an Incentive Stock Option to the maximum extent permitted by law.]

Grant of Option from Employee Stock Purchase Plan

Grant of Option. On the Offering Date of each Offering Period, each Employee participating in such Offering Period will be granted an option to purchase on each Exercise Date during such Offering Period (at the applicable Purchase Price) up to a number of shares of Common Stock determined by dividing such Employees payroll deductions accumulated prior to such Exercise Date and retained in the Employees account as of the Exercise Date by the applicable Purchase Price; provided that in no event will an Employee be permitted to purchase during any twelve (12) month period more than six thousand (6,000) shares of the Common Stock (subject to any adjustment pursuant to Section 19), and provided further that such purchase will be subject to the limitations set forth in Sections 3(b) and 13. The Employee may accept the grant of such option with respect to any Offering Period under the Plan, by electing to participate in the Plan in accordance with the requirements of Section 5. The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of Common Stock that each Employee may purchase during each Offering Period. Exercise of the option will occur as provided in Section 8, unless the participant has withdrawn pursuant to Section 10. The option will expire on the last day of the Offering Period.

Grant of Option from Non Qualified Stock Option Agreement

THIS NON-QUALIFIED STOCK OPTION AGREEMENT (Agreement) is made and entered into as of [Date] (the Date of Grant), by and between Hawaiian Electric Industries, Inc., a Hawaii corporation (the Company) and [Name], an employee of the Company or of a Subsidiary of the Company (the Employee). Capitalized terms not defined herein shall have the meanings assigned to them in the 2010 Equity and Incentive Plan of Hawaiian Electric Industries, Inc. (the Plan).

Grant of Option. In consideration of the Employees continued service to the Company or its Subsidiaries and for other good and valuable consideration, on the Date of Grant the Company grants to the Employee the option to purchase any part or all of an aggregate of [Number of Shares] shares of its Common Stock, subject to the vesting provisions and upon the terms and conditions set forth in this Agreement.

Grant of Option from Employee Stock Purchase Plan

Grant of Option. On the Enrollment Date of each Offering Period, each eligible Employee participating in such Offering Period shall be granted an option to purchase on each Exercise Date during such Offering Period (at the applicable Purchase Price) up to a number of whole shares of the Companys Common Stock determined by dividing such Employees contributions accumulated prior to such Exercise Date and retained in the Participants account as of the Exercise Date by the applicable Purchase Price; provided that in no event shall an Employee be permitted to purchase during each Purchase Period more than 25,000 shares of the Companys Common Stock (subject to any adjustment pursuant to Section 19), and provided further that such purchase shall be subject to the limitations set forth in Sections 3(b) and 13 hereof or in any sub-plan to the Purchase Plan. The Board may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of shares of the Companys Common Stock an Employee may purchase during each Purchase Period of such Offering Period. Exercise of the option shall occur as provided in Section 8 hereof, unless the participant has withdrawn pursuant to Section 10 hereof. The option shall expire on the last day of the Offering Period.

Grant of Option from Award Agreement

THIS AWARD AGREEMENT (the Agreement), effective as of October 1, 2009 (the Grant Date), is made by and between RENTRAK CORPORATION, an Oregon corporation (Corporation), and DAVID I. CHEMEROW, an employee of Corporation (Employee):

Grant of Option. In consideration of Employees agreement to become an employee of Corporation or its Subsidiaries and for other good and valuable consideration, effective as of the date of this Agreement, Corporation irrevocably grants to Employee an Option to purchase any part or all of an aggregate of 121,750 Shares of Common Stock upon the terms and conditions set forth in this Agreement.

Grant of Option from Award Agreement

THIS AWARD AGREEMENT (the Agreement), effective as of June 15, 2009 (the Grant Date), is made by and between RENTRAK CORPORATION, an Oregon corporation (Corporation), and WILLIAM P. LIVEK, an employee of Corporation (Employee):

Grant of Option. In consideration of Employees agreement to become an employee of Corporation or its Subsidiaries and for other good and valuable consideration, effective as of the date of this Agreement, Corporation irrevocably grants to Employee an Option to purchase any part or all of an aggregate of 200,000 Shares of Common Stock upon the terms and conditions set forth in this Agreement.