Common use of Grant of Option Award Clause in Contracts

Grant of Option Award. Subject to the terms of this Agreement and the Plan, the Company hereby grants to Grantee an Option Award which entitles Grantee to purchase the number of shares of common stock of Company Stock set forth in the Notice of Grant above (the “Shares”), at the price per Share set forth in the Notice of Grant above (the “Exercise Price”) and in the manner and subject to the conditions provided in this Agreement.

Grant of Option Award. Subject to the terms of this Agreement and the Plan, the Company hereby grants to Grantee an Option Award which entitles Grantee to purchase the number of 25,000 shares of common stock of Company Stock set forth in the Notice of Grant above (the “Shares”), at the price per Share set forth in the Notice of Grant above (the “Exercise Price”) and in the manner and subject to the conditions provided in this Agreement.