Common use of Grant and Terms of Option Clause in Contracts

Grant and Terms of Option. Pursuant to action of the Board of Directors of the Company (“Board of Directors”), the Company grants, effective June 22, 2018 (“Date of Grant”) to Optionee the option to purchase all or any part of Fifty Thousand (50,000) shares of the common stock of the Company ("Common Stock"), to vest annually over a period of four (4) years as set forth in the below table, at the purchase price of $16.65 per share, which is the fair market value of the Common Stock determined as the official NASDAQ closing share price on the Date of Grant; provided, however, that the right to exercise such option shall be, and is hereby, restricted as follows:

Grant and Terms of Option. Pursuant to action of the Board of Directors of the Company (“Board of Directors”), the Company grants, effective June 22September 28, 2018 2015 (“Date of Grant”) ), to Optionee the option to purchase all or any part of Fifty Four Hundred Thousand (50,000400,000) shares of the common stock of the Company ("Common Stock"), to vest annually over a period of four two (42) years as set forth in from the below tableEmployment Date, at the purchase price of $16.65 8.07 per share, which is the fair market value of the Common Stock determined as the official NASDAQ latest available closing share price on the Date of Grant; provided, however, that the right to exercise such option shall be, and is hereby, restricted as follows:

Grant and Terms of Option. Pursuant to action of the Board of Directors of the Company (“Board of Directors”), the Company grants, effective June 22May 14, 2018 2018, (“Date of Grant”) ), to Optionee the option to purchase all or any part of Fifty Thousand (50,000) shares of the common stock of the Company ("Common Stock"), to vest annually over a period of four (4) years as set forth in the below table, at the purchase price of $16.65 14.70 per share, which is the fair market value of the Common Stock determined as the official NASDAQ closing share price on the Date of Grant; provided, however, that the right to exercise such option shall be, and is hereby, restricted as follows:

Grant and Terms of Option. Pursuant to action of the Board of Directors of the Company (“Board of Directors”), the Company grants, effective June 22October 30, 2018 2017 (“Date of Grant”) ), to Optionee the option to purchase all or any part of Fifty Four Hundred Thousand (50,000400,000) shares of the common stock of the Company ("Common Stock"), to vest annually over a period of four (4) years 24 months as set forth in the below table, at the purchase price of $16.65 6.95 per share, which is the fair market value of the Common Stock determined as the latest available official NASDAQ closing share price on the Date of Grant; provided, however, that the right to exercise such option shall be, and is hereby, restricted as follows: