Common use of Consideration for Option Clause in Contracts

Consideration for Option. In consideration for the Option granted herein, Optionee has, among other things, simultaneous with the execution hereof, paid to Optionor the sum of One Thousand Dollars ($1,000.00) (the "Option Payment"), receipt of which is hereby acknowledged by Optionor.

Consideration for Option. In consideration for the Option granted herein, Optionee has, among other things, simultaneous with the execution hereof, paid to Optionor the sum of One Thousand Dollars and no/100 ($1,000.00) (the "“Option Payment"”), receipt of which is hereby acknowledged by Optionor.