Common use of Grant and Terms of Option Clause in Contracts

Grant and Terms of Option. Pursuant to action of the Committee, which action was taken on April 24, 2003 ("Date of Grant"), the Company grants to Optionee the option to purchase all or any part of ____________ (______) shares of the Common Stock of the Company, of the par value of $.01 per share ("Common Stock"), for a period of ten (10) years from the Date of Grant, at the purchase price of $ 9.10 per share; provided, however, that the right to exercise such option shall be, and is hereby, restricted as follows: (a) No shares may be purchased prior to April 23, 2004; that at any time during the term of this option on or after April 24, 2004, Optionee may purchase up to 25% of the total number of shares to which this option relates; that at any time during the term of this option on or after April 24, 2005, Optionee may purchase up to an additional 25% of the total number of shares to which this option relates; that at any time during the term of this option on or after April 24, 2006, Optionee may purchase up to an additional 25% of the total number of shares to which this option relates; and that at any time on or after April 24, 2007, Optionee may purchase up to an additional 25% of the total number of shares to which this option relates; so that on or after April 24, 2007, during the term hereof, Optionee will have become entitled to purchase the entire number of shares to which this option relates. (b) Notwithstanding the foregoing, in the event of a Change of Control or a Public Offering (both defined below) Optionee may purchase 100% of the total number of shares to which this option relates. (1) For purposes of this Agreement, a Change in Control means:

Grant and Terms of Option. Pursuant to action of the Committee, which action was taken on April 24, 2003 ("Date of Grant"), the Company grants to Optionee the option to purchase all or any part of ____________ (______( ) shares of the Common Stock of the Company, of the par value of $.01 0.01 per share ("Common Stock"), for a period of ten (10) years from the Date of Grant, at the purchase price of $ 9.10 per share; provided, however, that the right to exercise such option shall be, and is hereby, restricted as follows: (a) No so that no shares may be purchased prior to April 23, 2004during the first year of the term hereof; that at any time during the term of this option on or after April 24, 2004the end of the first year from the Date of Grant, Optionee may purchase up to 2533-1/3% of the total number of shares to which this option relates; that at any time during the term of this option on or after April 24, 2005the end of the second year from the Date of Grant, Optionee may purchase up to an additional 25% of the total number of shares to which this option relates; that at any time during the term of this option on or after April 24, 2006, Optionee may purchase up to an additional 2533-1/3% of the total number of shares to which this option relates; and that at any time on or after April 24, 2007the end of the third year from the Date of Grant, Optionee may purchase up to an additional 2533-1/3% of the total number of shares to which this option relates; so that on or after April 24, 2007, upon the expiration of the third year from the Date of Grant and thereafter during the term hereof, Optionee will have become entitled to purchase the entire number of shares to which this option relates. (b) Notwithstanding the foregoing, in the event of a Change of Control or a Public Offering (both defined below) Optionee may purchase 100% of the total number of shares to which this option relates. (1) For purposes of this Agreement, a Change in Control means:number

Grant and Terms of Option. Pursuant to action of the Committee, which action was taken on April 24, 2003 __________________ ("Date of Grant"), the Grant"),the Company grants to Optionee the option to purchase all or any part of __________________________ (________) shares of the Common Stock of the Company, of the par value of $.01 0.01 per share ("Common Stock"), for a period of ten (10) years from the Date of Grant, at the purchase price of $ 9.10 $___________ per share; provided, however, that the right to exercise such option shall be, and is hereby, restricted as follows: (a) No so that no shares may be purchased prior to April 23, 2004during the first year of the term hereof; that at any time during the term of this option on or after April 24, 2004the end of the first year from the Date of Grant, Optionee may purchase up to 2533-1/3% of the total number of shares to which this option relates; that at any time during the term of this option on or after April 24, 2005the end of the second year from the Date of Grant, Optionee may purchase up to an additional 25% of the total number of shares to which this option relates; that at any time during the term of this option on or after April 24, 2006, Optionee may purchase up to an additional 2533-1/3% of the total number of shares to which this option relates; and that at any time on or after April 24, 2007the end of the third year from the Date of Grant, Optionee may purchase up to an additional 2533-1/3% of the total number of shares to which this option relates; so that on or after April 24, 2007, upon the expiration of the third year from the Date of Grant and thereafter during the term hereof, Optionee will have become entitled to purchase the entire number of shares to which this option relates. (b) Notwithstanding the foregoing, in the event of a Change of Control or a Public Offering (both defined below) Optionee may purchase 100% of the total number of shares to which this option relates. (1) For purposes of this Agreement, a Change in Control means:number

Grant and Terms of Option. Pursuant to action of the Committee, which action was taken on April 24, 2003 ("Date of Grant"), the Company grants to Optionee the option to purchase all or any part of ____________ (______( ) shares of the Common Stock of the Company, of the par value of $.01 0.01 per share ("Common Stock"), for a period of ten (10) years from the Date of Grant, at the purchase price of $ 9.10 per share; provided, however, that the right to exercise such option shall be, and is hereby, restricted as follows: (a) No so that no shares may be purchased prior to April 23, 2004during the first year of the term hereof; that at any time during the term of this option on or after April 24, 2004the end of the first year from the Date of Grant, Optionee may purchase up to 2533-1/3% of the total number of shares to which this option relates; that at any time during the term of this option on or after April 24, 2005the end of the second year from the Date of Grant, Optionee may purchase up to an additional 25% of the total number of shares to which this option relates; that at any time during the term of this option on or after April 24, 2006, Optionee may purchase up to an additional 2533-1/3% of the total number of shares to which this option relates; and that at any time on or after April 24, 2007the end of the third year from the Date of Grant, Optionee may purchase up to an additional 2533-1/3% of the total number of shares to which this option relates; so that on or after April 24, 2007, upon the expiration of the third year from the Date of Grant and thereafter during the term hereof, Optionee will have become entitled to purchase the entire number of shares to which this option relates. (b) Notwithstanding the foregoing, in the event of a Change of Control or a Public Offering (both defined below) Optionee may purchase 100% of the total number of shares to which this option relates. (1) For purposes of this Agreement, a Change in Control means:shares