Common use of Additional Compensation (Stock Option) Clause in Contracts

Additional Compensation (Stock Option). In addition to the salary -------------------------------------- provided in Section 3.1, EMPLOYER hereby grants to EMPLOYEE as additional compensation for Employee's services (but not for any capital-raising purposes or in connection with any capital-raising activities), a non-qualified stock option to purchase 25,000 shares of EMPLOYER Common Stock under EMPLOYER's 1995 Stock Option/Stock Issuance Plan, with an exercise price equal to the Fair Market Value per share of EMPLOYER Common Stock on the date first written above, such option to vest in sixteen equal quarterly installments. It is understood that EMPLOYEE has previously been granted 20,000 stock options.

Additional Compensation (Stock Option). In addition to the salary provided -------------------------------------- provided in Section 3.1, EMPLOYER hereby grants to EMPLOYEE as additional compensation for EmployeeEMPLOYEE's services Services (but not for any capital-raising purposes or in connection with any capital-raising activities), a non-qualified stock option to purchase 25,000 shares of EMPLOYER Common Stock under EMPLOYER's 1995 1996 Stock Option/Stock Issuance Option Plan, with an exercise price equal to the Fair Market Value per share of EMPLOYER Common Stock on the date first written above, such option to vest in sixteen equal quarterly installments. It is understood that EMPLOYEE has previously been granted 20,000 stock options.

Additional Compensation (Stock Option). In addition to the salary -------------------------------------- provided in Section 3.1, EMPLOYER hereby grants to EMPLOYEE as additional compensation for Employee's services (but not for any capital-raising purposes or in connection with any capital-raising activities), a non-qualified stock option to purchase 25,000 -0- shares of EMPLOYER Common Stock under EMPLOYER's 1995 Stock Option/Stock Issuance Plan, with an exercise price equal to the Fair Market Value per share of EMPLOYER Common Stock on the date first written above, such option to vest in sixteen equal quarterly installments. It is understood that EMPLOYEE has previously been granted 20,000 80,000 stock options.

Additional Compensation (Stock Option). In addition to the -------------------------------------- salary -------------------------------------- provided in Section 3.1, EMPLOYER hereby grants to EMPLOYEE as additional compensation for EmployeeEMPLOYEE's services (but not for any capital-raising purposes or in connection with any capital-raising activities), a non-qualified stock option to purchase 25,000 50,000 shares of EMPLOYER Common Stock under EMPLOYER's 1995 Stock Option/Stock Issuance Plan, with an exercise price equal to the Fair Market Value per share of EMPLOYER Common Stock on the date first written above, such option to vest in sixteen equal quarterly installments. It is understood that EMPLOYEE has previously been granted 20,000 stock options.

Additional Compensation (Stock Option). In addition to the salary -------------------------------------- provided in Section 3.1, EMPLOYER hereby grants to EMPLOYEE as additional compensation for EmployeeEMPLOYEE's services (but not for any capital-raising purposes or in connection with any capital-raising activities), a non-qualified stock option to purchase 25,000 50,000 shares of EMPLOYER Common Stock under EMPLOYER's 1995 Stock Option/Stock Issuance Plan, with an exercise price equal to the Fair Market Value per share of EMPLOYER Common Stock on the date first written above, such option to vest in sixteen (16) equal quarterly installments. It is understood that EMPLOYEE has previously been granted 20,000 stock options.