Common use of EQUITY OPPORTUNITY Clause in Contracts

EQUITY OPPORTUNITY. The Executive shall be granted a non-qualified stock option under the Company's 1997 Stock Option Plan to purchase an aggregate of ten thousand (10,000) shares of common stock of the Company at an exercise price equal to the closing sales price of the common stock on the business day immediately preceding the date of grant, which option shall vest in annual 20% increments beginning one year from the date of grant and expire ten (10) years from the date of grant, and shall be upon such other terms and conditions as contained in the Company's standard form of option agreement.

EQUITY OPPORTUNITY. The Executive shall be granted a non-qualified ualified stock option under the Company's ’s 1997 Stock Option Plan to purchase an aggregate of ten thirty thousand (10,00030,000) shares of common stock of the Company at an exercise price equal to the closing sales price of the common stock on the business day immediately preceding the date of grant, which option shall vest in annual 20% increments beginning one year from the date of grant and expire ten (10) years from the date of grant, and shall be upon such other terms and conditions as contained in the Company's ’s standard form of option agreement.

EQUITY OPPORTUNITY. The Executive shall be granted a non-qualified stock option under the Company's 1997 Stock Option Plan ("Option Plan") on the date of commencement of his employment with the Company to purchase an aggregate of ten one hundred thousand (10,000100,000) shares of common stock of the Company at an exercise price equal to the closing sales price of the common stock on the business day immediately preceding the date of grant, which option shall vest annually in annual 20% one-third (1/3) increments beginning one year from the date of grant and expire ten (10) years from the date of grant, and shall be upon such other terms and conditions as contained in the Company's standard form of option agreementagreement ("Option Agreement").

EQUITY OPPORTUNITY. The Executive shall be granted a non-qualified stock option under the Company's 1997 Stock Option Plan on the date of commencement of his employment with the Company to purchase an aggregate of ten thirty thousand (10,00030,000) shares of common stock of the Company at an exercise price equal to the closing sales price of the common stock on the business day immediately preceding the date of grant, which option shall vest in annual 20% increments beginning one year from the date of grant and expire ten (10) years from the date of grant, and shall be upon such other terms and conditions as contained in the Company's standard form of option agreement.

EQUITY OPPORTUNITY. The Executive shall be granted a non-qualified stock option under the Company's 1997 Stock Option Plan to purchase an aggregate of ten thirty thousand (10,00030,000) shares of common stock of the Company at an exercise price equal to the closing sales price of the common stock on the business day immediately preceding the date of grant, which option shall vest in annual 20% increments beginning one year from the date of grant and expire ten (10) years from the date of grant, and shall be upon such other terms and conditions as contained in the Company's standard form of option agreement.