Common use of Confirmation of Grant of Option Clause in Contracts

Confirmation of Grant of Option. In accordance with the Plan, the Compensation Committee of the Board of Directors of the Corporation hereby irrevocably grants to the Optionee on ________, ____ (the "Date of Grant") the right to purchase (hereinafter called the "Option") an aggregate of up to ________ shares of the Common Stock, subject to adjustment as provided in Section 8 hereof. The Option is intended to be an incentive stock option as such term is defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). The Optionee represents that he or she does not own stock possessing more than 10% of the combined voting power of all classes of stock of the Corporation.

Confirmation of Grant of Option. In accordance with the Plan, the Compensation Committee of the Board of Directors of the Corporation hereby irrevocably grants to the Optionee on ________, ____ (the "Date of Grant"') the right to purchase (hereinafter called the "Option") an aggregate of up to ________ shares of the Common Stock, subject to adjustment as provided in Section 8 hereof. The Option is intended to be an incentive stock option as such term is defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). The Optionee represents that he or she does not own stock possessing more than 10% of the combined voting power of all classes of stock of the Corporation.

Confirmation of Grant of Option. In accordance with the Plan, the Compensation Committee of the Board of Directors of the Corporation hereby irrevocably grants to the Optionee on ________, ____ (the "Date of Grant"') the right to purchase (hereinafter called the "Option") an aggregate of up to ________ shares of the Common Stock, subject to adjustment as provided in Section 8 hereof. The Option is intended to be an incentive stock option as such term is defined in Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"). The Optionee represents that he or she does not own stock possessing more than 10% of the combined voting power of all classes of stock of the Corporation.