Common use of Award of Stock Options Clause in Contracts

Award of Stock Options. On January 2, 2003, the Company shall award Employee stock options under the Northfield Laboratories Inc. 1999 Stock Option Plan to acquire 100,000 shares of the Company's Common Stock at an exercise price per share equal to the fair market value of the Company's Common Stock as of the date of grant. On or before January 1, 2004, the Compensation Committee of the Board of Directors of the Company shall review the performance of the Company and Executive during the first Employment Year and shall determine whether the award of additional stock options to Employee is appropriate. The Board of Directors of the Company may in its discretion determine to award Employee additional stock options or other forms of equity incentive compensation from time to time during the term of this Agreement.

Award of Stock Options. On January 21, 20032001, the Company shall award awarded Employee stock options under the Northfield Laboratories Inc. 1999 Stock Option Plan to acquire 100,000 12,000 shares of the Company's Common Stock at an exercise price per share equal to the fair market value of the Company's Common Stock as of the date of grant. On or before January 1, 20042002, the Compensation Committee of the Board of Directors of the Company shall review the performance of the Company and Executive during the first Employment Year and shall determine whether the award of additional stock options to Employee is appropriate. The Board of Directors of the Company may in its discretion determine to award Employee additional stock options or other forms of equity incentive compensation from time to time during the term of this Agreement.

Award of Stock Options. On January 21, 20032001, the Company shall award awarded Employee stock options under the Northfield Laboratories Inc. 1999 Stock Option Plan to acquire 100,000 15,000 shares of the Company's Common Stock at an exercise price per share equal to the fair market value of the Company's Common Stock as of the date of grant. On or before January 1, 20042002, the Compensation Committee of the Board of Directors of the Company shall review the performance of the Company and Executive during the first Employment Year and shall determine whether the award of additional stock options to Employee is appropriate. The Board of Directors of the Company may in its discretion determine to award Employee additional stock options or other forms of equity incentive compensation from time to time during the term of this Agreement.

Award of Stock Options. On January 21, 20032001, the Company shall award awarded Employee stock options under the Northfield Laboratories Inc. 1999 Stock Option Plan to acquire 100,000 18,000 shares of the Company's Common Stock at an exercise price per share equal to the fair market value of the Company's Common Stock as of the date of grant. On or before January 1, 20042002, the Compensation Committee of the Board of Directors of the Company shall review the performance of the Company and Executive during the first Employment Year and shall determine whether the award of additional stock options to Employee is appropriate. The Board of Directors of the Company may in its discretion determine to award Employee additional stock options or other forms of equity incentive compensation from time to time during the term of this Agreement.