Common use of Grant of Initial Options Clause in Contracts

Grant of Initial Options. In connection with the execution and delivery of this Agreement by the Employee, the Company is granting to the Employee options ("Initial Options") to purchase 350,000 shares of Company Common Stock, $.001 par value ("Common Stock"), at a purchase price of $10.00 per share, of which options to purchase 100,000 shares of Common Stock shall vest immediately and options to purchase the remaining 250,000 shares of Common Stock will vest in thirty-six equal increments over the thirty-six month period beginning on the first anniversary of the Commencement Date, all as provided in the Stock Option Agreements of even date herewith between the Company and the Employee.

Grant of Initial Options. In connection with the execution and delivery of this Agreement by the Employee, the Company is granting to the Employee options ("Initial Options") to purchase 350,000 600,000 shares of Company Common Stock, $.001 par value ("Common Stock"), at a purchase price of $10.00 6.00 per share, share of which options to purchase 100,000 25% of such shares of Common Stock shall vest immediately and options to purchase the remaining 250,000 shares of Common Stock will vest in thirty-six equal increments over the thirty-six month period beginning on at the end of the month following the first anniversary of the Commencement Date, all as provided in the Stock Option Agreements of even date herewith between the Company and the Employee.

Grant of Initial Options. In connection with the execution and delivery of this Agreement by the Employee, the Company is granting to the Employee options ("Initial Options") to purchase 350,000 250,000 shares of Company Common Stock, $.001 par value ("Common Stock"), at a purchase price of $10.00 per share, of which options to purchase 100,000 62,500 shares of Common Stock shall vest immediately and options to purchase the remaining 250,000 187,500 shares of Common Stock will vest in thirty-six equal increments over the thirty-six month period beginning on the first anniversary of the Commencement Date, all as provided in the Stock Option Agreements of even date herewith between the Company and the Employee.