Common use of Initial Grant of Stock Options Clause in Contracts

Initial Grant of Stock Options. Company shall grant Executive options to purchase 200,000 shares of the Company's common stock. The options shall be priced at the closing price on Executive's first day of employment under this Agreement. The options shall have a ten year (10 year) term, and vesting shall be 25% per year, commencing on the first anniversary of the grant date.

Initial Grant of Stock Options. Company shall grant Executive options to purchase 200,000 300,000 shares of the Company's common stock. The options shall be priced at the closing price on Executive's first day of employment under this AgreementJanuary 2, 2002. The options shall have a ten year 10 (10 year) ten)-year term, and vesting shall be 25% (twenty five per cent) per year, commencing on the first anniversary of the grant date.

Initial Grant of Stock Options. Company shall grant Executive options to purchase 200,000 350,000 shares of the Company's common stock. The options shall be priced at as of the closing price on grant date, and the grant date shall be Executive's first day date of employment under this Agreement. The options shall have a ten year (10 year) term, and vesting shall be 25% per year, commencing on the first anniversary of the grant date.

Initial Grant of Stock Options. Company shall grant Executive options to purchase 200,000 100,000 shares of the Company's common stock, subject to the approval of the Compensation Committee of the Company's Board of Directors. The options shall be priced at the closing price on Executive's first day of employment under this Agreement. The options shall have a ten ten-year (10 10-year) term, and vesting shall be 25% per year, commencing on the first anniversary of the grant date.

Initial Grant of Stock Options. Company shall grant Executive options to purchase 200,000 50,000 shares of the Company's common stock. The options shall be priced at the closing price on Executive's first day of employment under this Agreement. The options shall have a ten ten-year (10 10-year) term, and vesting shall be 25% per year, commencing on the first anniversary of the grant date.