Common use of Grant of Nonqualified Stock Option Clause in Contracts

Grant of Nonqualified Stock Option. The Company granted to the Eligible Participant a nonqualified stock option (the "Option") to purchase 25,000 shares of Stock (the "Shares") at the purchase price of $5.00 per share in the manner and subject to the terms and conditions hereinafter provided.

Grant of Nonqualified Stock Option. The Company granted to the hereby grants Eligible Participant a nonqualified stock option (the "Option") to purchase 25,000 567,083 shares of Stock (the "Shares") ), at the purchase price of $5.00 per share Share Purchase Price (as defined in Section 6 below), in the manner and subject to the terms and conditions hereinafter provided.

Grant of Nonqualified Stock Option. The Company granted to the Eligible Participant a nonqualified stock option (the "Option") to purchase 25,000 80,000 shares of Stock (the "Shares") at the purchase price of $5.00 per share in the manner and subject to the terms and conditions hereinafter provided.

Grant of Nonqualified Stock Option. The Company granted hereby grants to the Eligible Participant Optionee a nonqualified stock option (the "Option") to purchase 25,000 10,000 shares of Stock (the "Shares") at the purchase price of $5.00 6.3125 per share in the manner and subject to the terms and conditions hereinafter provided.