Common use of Additional Stock Options Clause in Contracts

Additional Stock Options. Grant Executive options, pursuant to the Company's 1999 Officer Stock Option Plan and the Stock Option Agreement to be entered into between the Company and Executive pursuant thereto , to purchase up to 262,152 shares of the Company's Common Stock at an exercise price of $.50 per share and with the following vesting: (a) no option will be exercisable until the six-month anniversary date of the Effective Date, (b) each option will then become exercisable as to 12.5% of the shares and (c) thereafter, the option will become exercisable ratably over the next 42 months, at the end of each succeeding month, at the rate of 2.0833% per month; notwithstanding the foregoing, the options will become fully

Additional Stock Options. Grant Executive options, pursuant to the Company's 1999 Officer Stock Option Plan and the Stock Option Agreement to be entered into between the Company and Executive pursuant thereto , to purchase up to 262,152 231,279 shares of the Company's Common Stock at an exercise price of $.50 per share and with the following vesting: (a) no option will be exercisable until the six-month anniversary date of the Effective Date, (b) each option will then become exercisable as to 12.5% of the shares and (c) thereafter, the option will become exercisable ratably over the next 42 months, at the end of each succeeding month, at the rate of 2.0833% per month; notwithstanding the foregoing, the options will become fully

Additional Stock Options. Grant Executive options, pursuant to the Company's 1999 Officer Stock Option Plan and the Stock Option Agreement to be entered into between the Company and Executive pursuant thereto thereto, to purchase up to 262,152 141,982 shares of the Company's Common Stock at an exercise price of $.50 per share and with the following vesting: (a) no option will be exercisable until the six-month anniversary date of the Effective Date, (b) each option will then become exercisable as to 12.5% of the shares and (c) thereafter, the option will become exercisable ratably over the next 42 months, at the end of each succeeding month, at the rate of 2.0833% per month; notwithstanding the foregoing, the options will become fullyfully vested 14 calendar days after the closing date of a Change of Control of the Company, as defined above, provided that Executive has remained an employee of the Company to that date.

Additional Stock Options. Grant Executive options, pursuant to the Company's 1999 Officer Stock Option Plan and the Stock Option Agreement to be entered into between the Company and Executive pursuant thereto thereto, to purchase up to 262,152 200,000 shares of the Company's Common Stock at an exercise price of $.50 per share and with the following vesting: (a) no option will be exercisable until the six-month anniversary date of the Effective Date, (b) each option will then become exercisable as to 12.5% of the shares and (c) thereafter, the option will become exercisable ratably over the next 42 months, at the end of each succeeding month, at the rate of 2.0833% per month; notwithstanding the foregoing, the options will become fully