Common use of Grant of Nonqualified Stock Option Clause in Contracts

Grant of Nonqualified Stock Option. Pursuant to the Plan, the Company hereby grants to the Employee the option to purchase the number of shares of the Company’s common stock on the terms and conditions herein set forth (the “Option”). This Option is a Nonqualified Stock Option, and is not an Incentive Stock Option.

Grant of Nonqualified Stock Option. Pursuant to the Plan, the The Company hereby grants to the Employee Eligible Participant a nonqualified stock option (the option “Nonqualified Stock Option”) to purchase the number of shares of Common Stock (the Company’s common stock on “Shares” ) at the purchase price of $ per share in the manner and subject to the terms and conditions contained herein set forth (and in the “Option”). This Option is a Nonqualified Stock Option, and is not an Incentive Stock OptionPlan.