Common use of Grant of Option and other rights Clause in Contracts

Grant of Option and other rights. (a) The Company hereby grants to Optionee options (the “Options”) to purchase Shares of Common Stock of the Company (the “Shares”) at a purchase price of per Share. It is intended that of the Options qualify as “Incentive Stock Options” to the maximum extent permissible under the Internal Revenue Code. (b) For purposes of this Agreement, the term “Cause” means the Participant’s (i) embezzlement, fraud or any conduct related to the performance of the Participant’s duties for the Company that constitutes a crime, (ii) unauthorized disclosure of confidential information or breach of any confidentiality or non-disclosure agreement with the Company or any of its Subsidiaries, (iii) willful and habitual breach of duties, after notice to the Participant affording the Participant a reasonable opportunity to cure, or (iv) breach or violation of any statutory or common law duty of loyalty to the Company or the Company’s Affiliates.

Grant of Option and other rights. (a) The Company hereby grants to Optionee options (the “Options”) to purchase Shares of Common Stock of the Company (the “Shares”) at a purchase price of ___ per Share. It is intended that _______ of the Options qualify as “"Incentive Stock Options” " to the maximum extent permissible under the Internal Revenue Code. (b) For purposes of this Agreement, the term “Cause” means the Participant’s (i) embezzlement, fraud or any conduct related to the performance of the Participant’s duties for the Company that constitutes a crime, (ii) unauthorized disclosure of confidential information or breach of any confidentiality or non-disclosure agreement with the Company or any of its Subsidiaries, (iii) willful and habitual breach of duties, after notice to the Participant affording the Participant a reasonable opportunity to cure, or (iv) breach or violation of any statutory or common law duty of loyalty to the Company or the Company’s Affiliates.

Grant of Option and other rights. (a) The Company hereby grants to Optionee options (the “Options”) to purchase _______ Shares of Common Stock of the Company (the “Shares”) at a purchase price of ___ per Share. It is intended that _______ of the Options qualify as “"Incentive Stock Options” " to the maximum extent permissible under the Internal Revenue Code. (b) For purposes of this Agreement, the term “Cause” means the Participant’s (i) embezzlement, fraud or any conduct related to the performance of the Participant’s duties for the Company that constitutes a crime, (ii) unauthorized disclosure of confidential information or breach of any confidentiality or non-disclosure agreement with the Company or any of its Subsidiaries, (iii) willful and habitual breach of duties, after notice to the Participant affording the Participant a reasonable opportunity to cure, or (iv) breach or violation of any statutory or common law duty of loyalty to the Company or the Company’s Affiliates.

Grant of Option and other rights. (a) The Company hereby grants to Optionee options (the “Options”) to purchase _________ Shares of Common Stock of the Company (the “Shares”) at a purchase price of ___ per Share. It is intended that _______ of the Options qualify as “"Incentive Stock Options” " to the maximum extent permissible under the Internal Revenue Code. (b) For purposes of this Agreement, the term “Cause” means the Participant’s (i) embezzlement, fraud or any conduct related to the performance of the Participant’s duties for the Company that constitutes a crime, (ii) unauthorized disclosure of confidential information or breach of any confidentiality or non-disclosure agreement with the Company or any of its Subsidiaries, (iii) willful and habitual breach of duties, after notice to the Participant affording the Participant a reasonable opportunity to cure, or (iv) breach or violation of any statutory or common law duty of loyalty to the Company or the Company’s Affiliates.