Common use of Option to Purchase Common Stock Clause in Contracts

Option to Purchase Common Stock. a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,473,000 vested Option Shares, excluding options previously exercised, at a purchase price of $1.50 per Option Share (the "Option Price"). With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2003.

Option to Purchase Common Stock. a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,473,000 564,000 vested Option Shares, excluding options previously exercised, at a purchase price of $1.50 per Option Share (the "Option Price"). With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2003.

Option to Purchase Common Stock. a. Subject to Section 5 hereof, the Corporation hereby grants to the Employee an option (the "Option") to purchase from the Corporation 1,473,000 926,000 vested Option Shares, excluding options previously exercised, at a purchase price of $1.50 per Option Share (the "Option Price"). With respect to the Option, the "Option Period" shall commence on the date hereof and terminate on December 31, 2003.