Common use of Initial Stock Option Grants Clause in Contracts

Initial Stock Option Grants. As soon as practicable following the closing of the Company’s initial public offering, Executive will be granted a stock option to purchase Four Hundred Thousand (400,000) shares of Company common stock, pursuant to the Company’s option agreement under the Company’s 2022 Stock Incentive Plan or a successor thereto (the “Plan”). The option shall vest and become exercisable in 36 equal monthly installments commencing on the first day of the month following the issuance date, subject to Executive’s continued employment through each such vesting date.

Initial Stock Option Grants. As soon as practicable following the closing of the Company’s initial public offering, Executive will be granted a stock option to purchase Four One Hundred and Thirty Six Thousand (400,000136,000) shares of Company common stock, pursuant to the Company’s option agreement under the Company’s 2022 2021 Stock Incentive Plan or a successor thereto (the “Plan”). The option shall vest and become exercisable in 36 sixty (60) equal monthly installments commencing on the first day of the month following the issuance date, subject to Executive’s continued employment through each such vesting date.

Initial Stock Option Grants. As soon as practicable following the closing of Effective Date, the Company’s initial public offering, Executive Employee will be granted a stock option to purchase Four Hundred Ninety Thousand (400,00090,000) shares of Company common stock, pursuant to the Company’s incentive stock option agreement under the Company’s 2022 Stock 2020 Equity Incentive Plan or a successor thereto (the “Plan”). The option One-third of the grant shall vest and become exercisable in 36 equal monthly three installments commencing on the first day first, second and third anniversaries of the month following the issuance dateEffective Date, subject to Executivethe Employee’s continued employment through each such vesting date.

Initial Stock Option Grants. As soon as practicable following the closing of the Company’s initial public offeringoffering of stock, Executive will be granted a stock option to purchase Four One Hundred Thousand Thirty Six (400,000136,000) shares of Company common stock, pursuant to the Company’s option agreement under the Company’s 2022 2021 Stock Incentive Plan or a successor thereto (the “Plan”). The option shall vest and become exercisable in 36 equal monthly installments commencing on the first day of the month following the issuance date, subject to Executive’s continued employment through each such vesting date.

Initial Stock Option Grants. As soon as practicable following the closing of the Company’s initial public offeringoffering of stock, Executive will be granted a stock option to purchase Four Two Hundred Seventy Two Thousand (400,000272,000) shares of Company common stock, pursuant to the Company’s option agreement under the Company’s 2022 2021 Stock Incentive Plan or a successor thereto (the “Plan”). The option shall vest and become exercisable in 36 equal monthly installments commencing on the first day of the month following the issuance date, subject to Executive’s continued employment through each such vesting date.

Initial Stock Option Grants. As soon as practicable following Effective upon the closing of the Company’s planned initial public offeringoffering subject to Board approval, Executive will shall be granted a an incentive stock option to purchase Four Hundred Thousand (400,000) shares of Company common stock under the Company’s proposed 2022 Stock Option Plan. Subject to underwriter approval, the number of shares subject to the option are expected to equal 400,000 shares of Company common stock, pursuant to the Company’s option agreement under the Company’s 2022 Stock Incentive Plan or a successor thereto (the “Plan”). The option shall vest and become exercisable in 36 thirty-six (36) equal monthly installments commencing on the first day of the month following the issuance date, subject to Executive’s continued employment through each such vesting date.