Common use of Incentive Options Clause in Contracts

Incentive Options. In addition to the Annual Compensation detailed herein, MANAGER shall receive stock option allocations giving the employee the right to purchase stock in the company at current Fair Market Value (FMV) in accordance with the Elite Logistics Inc., 2000 Employee Incentive Plan. Allotment Exercise Price Vesting Period Allocation Date --------- ----------------- -------------- --------------- 0 Shares FMV on Grant Date 3 years January 1, 2001 0 Shares FMV on Grant Date 3 years January 1, 2002 0 Shares FMV on Grant Date 3 years January 1, 2003

Incentive Options. In addition to the Annual Compensation detailed herein, MANAGER shall receive stock option allocations giving the employee the right to purchase stock in the company at current Fair Market Value (FMV) in accordance with the Elite Logistics Inc., 2000 Employee Incentive Plan. Allotment Exercise Price Vesting Period Allocation Date --------- ----------------- -------------- -------------- --------------- 0 000 Shares FMV on Grant Date 3 years January 1, 2001 0 000 Shares FMV on Grant Date 3 years January 1, 2002 0 000 Shares FMV on Grant Date 3 years January 1, 2003

Incentive Options. In addition to the Annual Compensation detailed herein, MANAGER shall receive stock option allocations giving the employee the right to purchase stock in the company at current Fair Market Value (FMV) in accordance with the Elite Logistics Inc., 2000 Employee Incentive Plan. Exercise Vesting Vesting Option Allotment Exercise Price Vesting Period Allocation Date Grant Date --------- ----------------- -------------- --------------- 0 -------- ------- ------- ---------- 000 Shares FMV on Grant Date 3 years January 1, 2000 September 1, 2000 000 Shares FMV 3 years January 1, 2001 0 January 1, 2001 000 Shares FMV on Grant Date 3 years January 1, 2002 0 Shares FMV on Grant Date 3 years January 1, 20032002

Incentive Options. In addition to the Annual Compensation detailed herein, MANAGER shall receive stock option allocations giving the employee the right to purchase stock in the company at current Fair Market Value (FMV) in accordance with the Elite Logistics Inc., 2000 Employee Incentive Plan. Allotment Exercise Price Vesting Period Allocation Vesting Date Option Grant Date --------- ----------------- -------------- --------------- 0 ------------- ----------------- 30,000 Shares FMV on Grant Date 3 years January 8-1-2000 September 1, 2001 0 2000 30,000 Shares FMV on Grant Date 3 years January 8-1-2001 August 1, 2002 0 Shares FMV on Grant Date 3 years January 1, 20032001