Common use of Incentive Award Clause in Contracts

Incentive Award. On the Effective Date, the Company will grant the Employee an option to acquire 50,000 shares of the Company's stock (an "Option") pursuant to the terms of the Company's existing Stock Option Plan. The Option will have an exercise price equal to the fair market value of the stock subject thereto on the date of grant, will vest in four equal installments over a three year period and will vest immediately in the event of termination of this Agreement for any reason or no reason and will remain exercisable until ten (10) years from the date of grant.

Incentive Award. On the Effective Date, the Company will grant the Employee an option to acquire 50,000 75,000 shares of the Company's stock (an "Option") pursuant to the terms of the Company's existing Stock Option Plan. The Option will have an exercise price equal to the fair market value of the stock subject thereto on the date of grant, will vest in four equal installments over a three year period and will vest immediately in the event of termination of this Agreement for any reason or no reason and will remain exercisable until ten (10) years from the date of grant.