Common use of Award of Incentive Stock Option and Non-Qualified Stock Option Clause in Contracts

Award of Incentive Stock Option and Non-Qualified Stock Option. The Corporation hereby grants to the Participant on Award Date an Incentive Stock Option to purchase [ISOs] (ISOs) shares of the Corporation's Common Stock and a Non-Qualified Stock Option to purchase [NQSOs] (NQSOs) shares of the Corporation's Common Stock, both at a price of $[Share_Price] per share, which is equal to the higher of (i) the Fair Market Value or (ii) the Closing Market Price of the Corporation's Common Stock on the Award Date. For purposes of this Agreement, the term "Closing Market Price" means the price at which the Corporation's Common Stock was last sold in the principal United States market for such Common Stock as of the Award Date. The Non-Qualified Stock Option shall not be treated as an Incentive Stock Option.

Award of Incentive Stock Option and Non-Qualified Stock Option. The Corporation hereby grants to the Participant on Award Date an Incentive Stock Option to purchase [ISOs] (ISOs) shares of the Corporation's Common Stock and a Non-Qualified Stock Option to purchase [NQSOs] (NQSOs) shares of the Corporation's Common Stock, both at a price of $[Share_PriceShare Price] per share, which is equal to the higher of (i) the Fair Market Value or (ii) the Closing Market Price of the Corporation's Common Stock on the Award Date. For purposes of this Agreement, the term "Closing Market Price" means the price at which the Corporation's Common Stock was last sold in the principal United States market for such Common Stock as of the Award Date. The Non-Qualified Stock Option shall not be treated as an Incentive Stock Option.

Award of Incentive Stock Option and Non-Qualified Stock Option. The Corporation hereby grants to the Participant on Award Date an Incentive Stock Option to purchase [ISOs] (ISOs) shares of the Corporation's Common Stock and a Non-Qualified Stock Option to purchase [NQSOs] (NQSOs) shares of the Corporation's Common Stock, both at a price of $[(Share_Price] ) per share, which is equal to the higher of (i) the Fair Market Value or (ii) the Closing Market Price of the Corporation's Common Stock on the Award Date. For purposes of this Agreement, the term "Closing Market Price" means the price at which the Corporation's Common Stock was last sold in the principal United States market for such Common Stock as of the Award Date. The Non-Qualified Stock Option shall not be treated as an Incentive Stock Option.

Award of Incentive Stock Option and Non-Qualified Stock Option. The Corporation hereby grants to the Participant on Award Date an Incentive Stock Option to purchase [ISOs] <ISO> (ISOs) shares of the Corporation's Common Stock and a Non-Qualified Stock Option to purchase [NQSOs] <NQSO> (NQSOs) shares of the Corporation's Common Stock, both at a price of $[Share_Price] <Share Price> per share, which is equal to the higher of (i) the Fair Market Value or (ii) the Closing Market Price of the Corporation's Common Stock on the Award Date. For purposes of this Agreement, the term "Closing Market Price" means the price at which the Corporation's Common Stock was last sold in the principal United States market for such Common Stock as of the Award Date. The Non-Qualified Stock Option shall not be treated as an Incentive Stock Option.