Common use of Initial Options Clause in Contracts

Initial Options. Effective on the date hereof, the Company shall grant to Executive options (the "INITIAL OPTIONS") to purchase two hundred fifty thousand (250,000) shares of common stock, par value $0.01 per share (the "COMMON STOCK") of the Company, pursuant to the Company's 2004 Stock Option Plan, as amended (the "PLAN"). The Initial Options:

Initial Options. Effective on the date hereof, the Company shall grant to Executive options (the "INITIAL OPTIONS"“Initial Options”) to purchase two hundred fifty thousand One Hundred Twenty Thousand (250,000120,000) shares of common stock, par value $0.01 per share (the "COMMON STOCK"“Common Stock”) of the Company, pursuant to the Company's ’s 2004 Stock Option Plan, as amended (the "PLAN"“Plan”). The Initial Options:

Initial Options. Effective on the date hereofCommencement Date (as defined below), the Company shall grant granted to Executive options (the "INITIAL OPTIONS") to purchase two hundred fifty thousand (250,000) shares of common stock, par value $0.01 per share (the "COMMON STOCK") of the Company, pursuant to the Company's 2004 Stock Option Plan, as amended (the "PLAN"). The Initial Options: