Common use of Award of Option Clause in Contracts

Award of Option. The Corporation hereby awards to the Grantee, as a matter of separate inducement and agreement, and not in lieu of salary or any other compensation for services, options to purchase an aggregate of 3,000 shares of the Corporation's Common Stock on the terms and conditions hereinafter set forth, at the purchase price of $2.75 per share.

Award of Option. The Corporation hereby awards to the Grantee, as a matter of separate inducement and agreement, and not in lieu of salary or any other compensation for services, options to purchase an aggregate of 3,000 10,000 shares of the Corporation's Common Stock on the terms and conditions hereinafter set forth, at the purchase price of $2.75 per share.

Award of Option. The Corporation hereby awards to the Grantee, as a matter of separate inducement and agreement, and not in lieu of salary or any other compensation for services, options to purchase an aggregate of 3,000 1,500 shares of the Corporation's Common Stock on the terms and conditions hereinafter set forth, at the purchase price of $2.75 per share.

Award of Option. The Corporation hereby awards to the Grantee, as a matter of separate inducement and agreement, and not in lieu of salary or any other compensation for services, options to purchase an aggregate of 3,000 5,000 shares of the Corporation's Common Stock on the terms and conditions hereinafter set forth, at the purchase price of $2.75 per share.

Award of Option. The Corporation hereby awards to the Grantee, as a matter of separate inducement and agreement, and not in lieu of salary or any other compensation for services, options to purchase an aggregate of 3,000 244,000 shares of the Corporation's Common Stock on the terms and conditions hereinafter set forth, at the purchase price of $2.75 3.3125 per share.

Award of Option. The Corporation hereby awards to the Grantee, as a matter of separate inducement and agreement, and not in lieu of salary or any other compensation for services, options to purchase an aggregate of 3,000 361,500 shares of the Corporation's Common Stock on the terms and conditions hereinafter set forth, at the purchase price of $2.75 2.375 per share.

Award of Option. The Corporation hereby awards to the Grantee, as a matter of separate inducement and agreement, and not in lieu of salary or any other compensation for services, options to purchase an aggregate of 3,000 500 shares of the Corporation's Common Stock on the terms and conditions hereinafter set forth, at the purchase price of $2.75 per share.

Award of Option. The Corporation hereby awards to the Grantee, as a matter of separate inducement and agreement, and not in lieu of salary or any other compensation for services, options to purchase an aggregate of 3,000 25,000 shares of the Corporation's Common Stock on the terms and conditions hereinafter set forth, at the purchase price of $2.75 per share.

Award of Option. The Corporation hereby awards to the Grantee, as a matter of separate inducement and agreement, and not in lieu of salary or any other compensation for services, options to purchase an aggregate of 3,000 95,000 shares of the Corporation's Common Stock on the terms and conditions hereinafter set forth, at the purchase price of $2.75 2.375 per share.