Common use of Grant of Non-Qualified Options Clause in Contracts

Grant of Non-Qualified Options. The Company irrevocably grants to the Optionee the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”), and are not issued under the Company’s 2006 Equity Incentive Plan.

Grant of Non-Qualified Options. The Company irrevocably grants to the Optionee the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 80,000 shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”), and are not issued under the Company’s 2006 Equity Incentive Plan.

Grant of Non-Qualified Options. The Company irrevocably grants to the Optionee the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 1,200,000 shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”), and are not issued under the Company’s 2006 Equity Incentive Plan.

Grant of Non-Qualified Options. The Company irrevocably grants to affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 the shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forthforth in the table below and in the rest of the Agreement. Grant Date No. of Securities Underlying Grant Exercise Price Expiration Date 2/28/01 150,000 $3.00 12/31/06 The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”), and are not issued under the Company’s 2006 Equity Incentive Plan.

Grant of Non-Qualified Options. The Company irrevocably grants to the Optionee the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 10,000 shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”), and are not issued under the Company’s 2006 Equity Incentive Plan.

Grant of Non-Qualified Options. The Company irrevocably grants to the Optionee the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 434,000 shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”), and are not issued under the Company’s 2006 Equity Incentive Plan.

Grant of Non-Qualified Options. The Company irrevocably grants to affirms that the Optionee has the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 __________ shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 1986, (the “Code”), ) and are not issued under the Company’s 2006 Equity Incentive Plan.

Grant of Non-Qualified Options. The Company irrevocably grants to the Optionee the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 510,000 shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”), and are not issued under the Company’s 2006 Equity Incentive Plan.

Grant of Non-Qualified Options. The Company irrevocably grants to the Optionee the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 500,000 shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”), and are not issued under the Company’s 2006 Equity Incentive Plan.

Grant of Non-Qualified Options. The Company irrevocably grants to the Optionee the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 20,000 shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”), and are not issued under the Company’s 2006 Equity Incentive Plan.

Grant of Non-Qualified Options. The Company irrevocably grants to the Optionee the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 526,000 shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”), and are not issued under the Company’s 2006 Equity Incentive Plan.

Grant of Non-Qualified Options. The Company irrevocably grants to the Optionee the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 200,000 shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”), and are not issued under the Company’s 2006 Equity Incentive Plan.

Grant of Non-Qualified Options. The Company irrevocably grants to the Optionee the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 32,000 shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”), and are not issued under the Company’s 2006 Equity Incentive Plan.

Grant of Non-Qualified Options. The Company irrevocably grants to the Optionee the right and option (the “Options”) to purchase all or any part of an aggregate of 42,000 _______ shares of authorized but unissued or treasury common stock of the Company on the terms and conditions herein set forth. The common stock shall be unregistered unless the Company voluntarily files a registration statement covering such shares with the Securities and Exchange Commission. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986 (the “Code”), and are not issued under the Company’s 2006 Equity Incentive Plan.