Common use of Grant; Type of Option Clause in Contracts

Grant; Type of Option. The Company hereby grants to the Participant an award (the “Award”) consisting of an option to purchase, on the terms provided in this Agreement and in the Plan, up to the total number of shares of Stock set forth above (each, an “Option Share,” or together, the “Option Shares”), at the Exercise Price set forth above (the “Option”). The Option is intended to be, and is hereby designated, a nonqualified Stock Option, that is, a Stock Option that does not qualify as an incentive stock option under Section 422.

Grant; Type of Option. The Company hereby grants to the Participant an award (the “Award”) consisting of an option to purchase, on pursuant the terms provided in this Agreement and in the Plan, up to the total number of shares of Stock (“Shares”) set forth above (each, an “Option Share,” or together, the “Option Shares”)above, at the Exercise Price set forth above (the “Option”). The Option is intended to be, and is hereby designated, a nonqualified Stock Option, that is, a Stock Option that does not qualify as an incentive stock option under Section 422.

Grant; Type of Option. The Subject to the provisions of this Award Agreement, the Company hereby grants to the Participant an award option (the “AwardOption”) consisting of an option to purchase, on the terms provided in this Agreement and in the Plan, up to purchase the total number of shares Shares equal to the number of Stock Option Shares set forth above (each, an “Option Share,” or together, the “Option Shares”)above, at the Exercise Price set forth above (the “Option”)above. The Option is intended to be, and is hereby designated, be a nonqualified Stock Option, that is, a Nonqualified Stock Option that does and not qualify as an incentive stock option under Incentive Stock Option within the meaning of Section 422422 of the Internal Revenue Code.