Common use of Grant of Nonqualified Option Clause in Contracts

Grant of Nonqualified Option. The Company hereby grants to the ---------------------------- Optionee the right and option to purchase, in accordance with the terms and conditions hereof, an aggregate of 250,000 shares (the "Shares") of Common Stock at the price of $2.81 per share (the "Price"), exercisable from time to time, prior to the close of business on March 1, 2002 (the "Expiration Date"). This Option is not being granted pursuant to the Company's 1995 Stock Option Plan, as amended, but pursuant to the Company's Special Stock Option Plan (the "Plan").

Grant of Nonqualified Option. The Company hereby grants to the Optionee ---------------------------- Optionee the right and option to purchase, in accordance with the terms and conditions hereofof this Agreement, an aggregate of 250,000 100,000 shares (the "Shares") of Common Stock at the price of $2.81 5.00 per share (the "Price"), exercisable from time to time, prior to the close of business on March 1August 25, 2002 2001 (the "Expiration Date"). This Option is not being granted pursuant to the Company's 1995 Stock Option Plan, as amended, but pursuant to the Company's Special Stock Option Plan (the "Plan").

Grant of Nonqualified Option. The Company hereby grants to the Optionee ---------------------------- Optionee the right and option to purchase, in accordance with the terms and conditions hereofof this Agreement, an aggregate of 250,000 100,000 shares (the "Shares") of Common Stock at the price of $2.81 5.00 per share (the "Price"), exercisable from time to time, prior to the close of business on March 1August 30, 2002 2001 (the "Expiration Date"). This Option is not being granted pursuant to the Company's 1995 Stock Option Plan, as amended, but pursuant to the Company's Special Stock Option Plan (the "Plan").

Grant of Nonqualified Option. The Company hereby grants to the ---------------------------- ----------------------------- Optionee the right and option to purchase, in accordance with the terms and conditions hereofof the Plan and this Agreement, an aggregate of 250,000 600,000 shares (the "Shares") of Common Stock at the price of $2.81 per share (the "Price"), exercisable from time to time, prior to the close of business on March 111, 2002 2007 (the "Expiration Date"). This The Option is intended not being granted pursuant to constitute an incentive stock option within the Company's 1995 Stock Option Planmeaning of Section 422A of the Internal Revenue code of 1986, as amended, but pursuant to the Company's Special Stock Option Plan amended (the "PlanCode").