Common use of Initial Stock Option Grant Clause in Contracts

Initial Stock Option Grant. A stock option to purchase 250,000 shares of Common Stock, par value $.01 per share, of the Company was granted to the Employee on the Start Date. The Option grant shall be an incentive stock option to the maximum extent permitted by law. The exercise price is $1.52 per share. The vesting will be as follows:

Initial Stock Option Grant. A stock option to purchase 250,000 40,000 shares of Common Stock, par value $.01 per share, Stock of the Company was granted to the Employee on the Start Date. The Option grant shall be an incentive stock option to the maximum extent permitted by lawOctober 1, 1999. The exercise price is $1.52 3.00 per share. The vesting will be as follows:

Initial Stock Option Grant. A stock option to purchase 250,000 1,000,000 shares of Common Stock, par value $.01 per share, Stock of the Company was will be granted to the Employee on or about the Start Date. The Option grant shall be an incentive stock option to the maximum extent permitted by law. The exercise price is $1.52 per sharewill be determined by the Stock Option Committee of the Company. The vesting will be as follows: