Common use of Incentive Stock Option Plan Clause in Contracts

Incentive Stock Option Plan. Westar agrees to vote in favor of the establishment of a management incentive stock option plan (the "Plan") pursuant to which options not to exceed 5% of the Common Stock outstanding on the date of adoption on a Fully Diluted Basis may be issued. The Plan will contain terms customary to such incentive stock option plans, including provisions governing change of control. Options granted under the Plan will vest one-fifth each year over a five-year period.