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

Grant of Non-Qualified Options. The Company hereby irrevocably grants to the Optionee, as a matter of separate agreement and not in lieu of salary or other compensation for services, the right and option to purchase all or any part of an aggregate of Thirty Seven Thousand Five Hundred (37,500) shares of authorized but unissued or treasury common stock of the Company (the “Options”) on the terms and conditions herein set forth. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).

Grant of Non-Qualified Options. The Company hereby irrevocably grants to the Optionee, as a matter of separate agreement and not in lieu of salary or other compensation for services, the right and option to purchase all or any part of an aggregate of Thirty Seven Thousand Five Hundred (37,500) 200,000 shares of authorized but unissued or treasury common stock of the Company (the “Options”) on the terms and conditions herein set forth. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).

Grant of Non-Qualified Options. The Company hereby irrevocably grants memorializes the prior irrevocable grant to the Optionee, as a matter of separate agreement and not in lieu of salary or other compensation for services, the right and option to purchase all or any part of an aggregate of Thirty Seven Thousand Five Hundred (37,500) 60,000 shares of authorized but unissued or treasury common stock of the Company (the “Options”) on ), reflecting the terms and conditions herein of such grant as set forthforth herein. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).

Grant of Non-Qualified Options. The Company hereby irrevocably grants memorializes the prior irrevocable grant to the Optionee, as a matter of separate agreement and not in lieu of salary or other compensation for services, the right and option to purchase all or any part of an aggregate of Thirty Seven Thousand Five Hundred (37,500) 125,000 shares of authorized but unissued or treasury common stock of the Company (the “Options”) on ), reflecting the terms and conditions herein of such grant as set forthforth herein. The Options are not intended to be Incentive Stock Options as defined by Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).