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

Grant of Non-Qualified Stock Options. On__________ (the “Grant Date”), the Company irrevocably granted to the Optionee not in lieu of salary or other compensation for services, the right and option to purchase all or any part of__________ shares of authorized but unissued or treasury common stock of the Company (the “Options”) on the terms and conditions herein set forth. This Agreement replaces any stock option agreement or offer letter previously provided to the Optionee, if any, with respect to these Options. The Optionee acknowledges receipt of a copy of the Plan, as amended.

Grant of Non-Qualified Stock Options. On__________ (the “Grant Date”), the The Company irrevocably granted to the Optionee 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__of ________ shares of authorized but unissued or treasury common stock of the Company Common Stock (the “Options”) on the terms and conditions set forth herein set forth. This Agreement replaces any stock option agreement or offer letter previously provided and subject to the Optionee, if any, with respect to these Optionsterms and conditions of the Plan. The Optionee acknowledges receipt of a copy of the Plan, as amended. The Options are intended to be a Non-Qualified Stock Option. Capitalized terms used but not defined herein will have the meaning ascribed to them in the Plan.

Grant of Non-Qualified Stock Options. On__________ (On the “Grant Date”), the Company irrevocably granted to the Optionee not in lieu of salary or other compensation for services, the right and option to purchase all or any part of__________ of 200,000 shares of authorized but unissued or treasury common stock of the Company (the “Options”) on the terms and conditions herein set forth. This Agreement replaces any stock option agreement or offer letter previously provided to the Optionee, if any, with respect to these Options. The Optionee acknowledges receipt of a copy of the Plan, as amended.