Common use of Grant of Option; Consideration Clause in Contracts

Grant of Option; Consideration. Subject to the terms and conditions herein, the Company hereby grants to the Optionee the right and option to purchase (the "OPTION") from the Company the Number of Shares Optioned (the "OPTION SHARES") at the Exercise Price per share (the "EXERCISE PRICE"). The number of shares of Common Stock purchasable hereunder and the Exercise Price are subject to adjustment upon the occurrence of certain events to the extent and in the manner provided in Section 4(c) of the Plan. In consideration of, and in acceptance of, this Stock Option, the Optionee agrees to continue his employment with or service to the Company for not less than six (6) months from Grant Date.

Grant of Option; Consideration. Subject to the terms and conditions herein, the Company hereby grants to the Optionee the right and option to purchase (the "OPTION"“Option”) from the Company the Number of Shares Optioned (the "OPTION SHARES"“Option Shares”) at the Exercise Price per share (the "EXERCISE PRICE"“Exercise Price”). The number of shares of Common Stock purchasable hereunder and the Exercise Price are subject to adjustment upon the occurrence of certain events to the extent and in the manner provided in Section 4(c) of the Plan. In consideration of, and in acceptance of, this Stock Option, the Optionee agrees to continue his employment with or service to the Company for not less than six (6) months from Grant Date.