Common use of Initial Stock Option Grant Clause in Contracts

Initial Stock Option Grant. On the first day of the calendar -------------------------- month immediately following the Effective Date (the "Grant Date"), the Company shall grant to the Employee a stock option, which shall be an incentive stock option under Section 422 of the Internal Revenue Code to the maximum extent permitted thereby, (the "Company Option") to purchase that number of shares of Company common stock equal to twenty-five percent (25%) of Employee's unvested shares of Company common stock subject to the Spyglass Options, as determined one day prior to the Effective Date(as adjusted for any stock splits, stock dividends and similar events). The exercise price of the Company Option shall equal the fair market value of the Company's common stock on the Grant Date. Subject to the accelerated vesting provisions set forth herein, the Company Option will vest as to 25% of the shares subject to the Company Option one year after the Grant Date, and as to an additional 1/48th of the shares subject to the Company Option monthly thereafter, so that the Company Option will be fully vested and exercisable four (4) years from the Grant Date, subject to Employee's continued service to the Company on the relevant vesting dates. The Company Option will be subject to the terms, definitions and provisions of the Company's Amended and Restated 1999 Share Option/Share Issuance Plan (the "Option Plan") and the stock option agreement by and between Employee and the Company, substantially in the form attached hereto as Exhibit A (the "Option Agreement"), both of which documents are incorporated herein by reference.

Initial Stock Option Grant. On the first day of the calendar -------------------------- month immediately following the Effective Date (the "Grant Date"), the Company shall grant to the Employee a stock option, which shall be an incentive stock option under Section 422 of the Internal Revenue Code to the maximum extent permitted thereby, (the "Company Option") to purchase that number of shares of Company common stock equal to twenty-five percent (25%) of Employee's unvested shares of Company common stock subject to the Spyglass Options, as determined one day prior to the Effective Date(as adjusted for any stock splits, stock dividends and similar events). The exercise price of the Company Option shall equal the fair market value of the Company's common stock on the Grant Date. Subject to the accelerated vesting provisions set forth herein, the Company Option will vest as to 25% of the shares subject to the Company Option one year after the Grant Date, and as to an additional 1/48th of the shares subject to the Company Option monthly thereafter, so that the Company Option will be fully vested and exercisable four (4) years from the Grant Date, subject to Employee's continued service to the Company on the relevant vesting dates. The Company Option will be subject to the terms, definitions and provisions of the Company's Amended and Restated 1999 Share Option/Share Issuance Plan (the "Option Plan") and the stock option agreement by and between Employee and the Company, substantially in the form attached hereto as Exhibit A (the "Option Agreement"), both of which documents are incorporated herein by reference.

Initial Stock Option Grant. On the first day of the calendar -------------------------- month immediately following the Effective Date (the "Grant Date"), the Company shall grant to the Employee a stock option, which shall be an incentive stock option under Section 422 of the Internal Revenue Code to the maximum extent permitted thereby, (the "Company Option") to purchase that number of shares of Company common stock equal to twenty-five percent (25%) of Employee's unvested shares of Company common stock subject to the Spyglass Options, as determined one day prior to the Effective Date(as adjusted for any stock splits, stock dividends and similar events). The exercise price of the Company Option shall equal the fair market value of the Company's common stock on the Grant Date. Subject to the accelerated vesting provisions set forth herein, the Company Option will vest as to 25% of the shares subject to the Company Option one year after the Grant Date, and as to an additional 1/48th of the shares subject to the Company Option monthly thereafter, so that the -2- Company Option will be fully vested and exercisable four (4) years from the Grant Date, subject to Employee's continued service to the Company on the relevant vesting dates. The Company Option will be subject to the terms, definitions and provisions of the Company's Amended and Restated 1999 Share Option/Share Issuance Plan (the "Option Plan") and the stock option agreement by and between Employee and the Company, substantially in the form attached hereto as Exhibit A (the "Option Agreement"), both of which documents are incorporated herein by reference.

Initial Stock Option Grant. On the first day of the calendar month -------------------------- month immediately following the Effective Date (the "Grant Date"), the Company shall grant to the Employee a stock option, which shall be an incentive stock option under Section 422 of the Internal Revenue Code to the maximum extent permitted thereby, (the "Company Option") to purchase that number of shares of Company common stock equal to twenty-five percent (25%) of Employee's unvested shares of Company common stock subject to the Spyglass Options, as determined one day prior to the Effective Date(as adjusted for any stock splits, stock dividends and similar events). The exercise price of the Company Option shall equal the fair market value of the Company's common stock on the Grant Date. Subject to the accelerated vesting provisions set forth herein, the Company Option will vest as to 25% of the shares subject to the Company Option one year after the Grant Date, and as to an additional 1/48th of the shares subject to the Company Option monthly thereafter, so that the Company Option will be fully vested and exercisable four (4) years from the Grant Date, subject to Employee's continued service to the Company on the relevant vesting dates. The Company Option will be subject to the terms, definitions and provisions of the Company's Amended and Restated 1999 Share Option/Share Issuance Plan (the "Option Plan") and the stock option agreement by and -2- between Employee and the Company, substantially in the form attached hereto as Exhibit A (the "Option Agreement"), both of which documents are incorporated herein by reference.

Initial Stock Option Grant. On the first day of the calendar month -------------------------- month immediately following the Effective Date (the "Grant Date"), the Company shall grant to the Employee a stock option, which shall be an incentive stock option under Section 422 of the Internal Revenue Code to the maximum extent permitted thereby, (the "Company Option") to purchase that number of shares of Company common stock equal to twenty-five percent (25%) of Employee's unvested shares of Company common stock subject to the Spyglass Options, Options as determined one day prior to the Effective Date(as Date (as adjusted for any stock splits, stock dividends and similar events). The exercise price of the Company Option shall equal the fair market value of the Company's common stock on the Grant Date. Subject to the accelerated vesting provisions set forth herein, the Company Option will vest as to 25% of the shares subject to the Company Option one year after the Grant Date, and as to an additional 1/48th of the shares subject to the Company Option monthly thereafter, so that the Company Option will be fully vested and exercisable four (4) years from the Grant Date, subject to Employee's continued service to the Company on the relevant vesting dates. The Company Option will be subject to the terms, definitions and provisions of the Company's Amended and Restated 1999 Share Option/Share Issuance Plan (the "Option Plan") and the stock option agreement by and between Employee and the Company, substantially in the form attached hereto as Exhibit A (the "Option Agreement"), both of which documents are incorporated herein by reference.

Initial Stock Option Grant. On the first day of the calendar month -------------------------- month immediately following the Effective Date (the "Grant Date"), the Company shall grant to the Employee a stock option, which shall be an incentive stock option under Section 422 of the Internal Revenue Code to the maximum extent permitted thereby, (the "Company Option") to purchase that number of shares of Company common stock equal to twenty-five percent (25%) of Employee's unvested shares of Company common stock subject to the Spyglass Options, as determined one day prior to the Effective Date(as adjusted for any stock splits, stock dividends and similar events). The exercise price of the Company Option shall equal the fair market value of the Company's common stock on the Grant Date. Subject to the accelerated vesting provisions set forth herein, the Company Option will vest as to 25% of the shares subject to the Company Option one year after the Grant Date, and as to an additional 1/48th of the shares subject to the Company Option monthly thereafter, so that the Company Option will be fully vested and exercisable four (4) years from the Grant Date, subject to Employee's continued service to the Company on the relevant vesting dates. The Company Option will be subject to the terms, definitions and provisions of the Company's Amended and Restated 1999 Share Option/Share Issuance Plan (the "Option Plan") and the stock option agreement by and between Employee and the Company, substantially in the form attached hereto as Exhibit A (the "Option Agreement"), both of which documents are incorporated herein by reference.