Common use of Grant of Incentive Stock Option Clause in Contracts

Grant of Incentive Stock Option. Subject to the terms and conditions hereinafter set forth, the Company grants to the Optionee the right and option (the "Option") to purchase from the Company all or any part of an aggregate number of ___________________________ (__________) shares of Common Stock, at a purchase price of not less than 85% the Fair Market Value of the Stock as of the date of exercise. The Option hereby granted is to be exercised at any time after this date.

Grant of Incentive Stock Option. Subject to the terms and conditions hereinafter set forth, the Company grants to the Optionee the right and option (the "Option") to purchase from the Company all or any part of an aggregate number of ___________________________ (__________) 50,000 shares of Common Stock, authorized but unissued or, at a purchase price of not less than 85% the Fair Market Value option of the Stock as of Company, treasury stock if available (the date of exercise. The Option hereby granted is to be exercised at any time after this date"Optioned Shares").

Grant of Incentive Stock Option. Subject to the terms and conditions hereinafter set forth, the Company grants to the Optionee the right and option (the "Option") to purchase from the Company all or any part of an aggregate number of ___________________________ (__________) shares of Common Stock, at a purchase price of $0.00 per share, such price being not less than 85% the Fair Market Value of the Stock as of the date of exercisehereof. The Option hereby granted is to be exercised at any time after this datein the manner and subject to the conditions hereinafter provided.

Grant of Incentive Stock Option. Subject to the terms and conditions hereinafter set forth, the The Company hereby grants to Employee the Optionee the right -------------------------------- right, privilege and option (the "Option") to purchase from the Company all or any part of an aggregate number of ___________________________ shares of Common Stock (the "Option Shares") at the purchase price of $__________) shares of Common Stock_ per share (the "Option Price"), at a purchase price of not less than 85% as in Incentive Stock Option ("ISO"), in the Fair Market Value of manner and subject to the Stock as of the date of exercise. The Option hereby granted is to be exercised at any time after this dateconditions hereinafter provided.