Common use of Initial Stock Options Clause in Contracts

Initial Stock Options. Upon execution of this Agreement, Executive shall be granted an incentive stock options for a total of 300,000 shares of the Corporation's Common Stock under the Corporation's stock option plan (the "Initial Stock Options"). This grant is effective as of the date of this Agreement (or the date of grant under the plan, if later). One third of such Initial Stock Options shall become exercisable on each successive anniversary of the date of the Agreement, provided that the Executive is employed by the Corporation on each such anniversary date.

Initial Stock Options. Upon the execution of this Agreement, Executive shall be granted an incentive stock options for a total of 300,000 shares of the Corporation's Common Stock Seven Hundred Thousand (700,000) Shares under the Corporation's stock option plan ’s 2000 Stock Option Plan (the "“Initial Stock Options"”). This grant is effective as of the date of this Agreement (or the date of grant under the plan, if later). One third of such Initial Stock Options The 700,000 options shall vest and become exercisable on each successive anniversary of as described in the date of the Agreement, attached Exhibit B and provided that the Executive is employed by the Corporation on each such anniversary date.

Initial Stock Options. Upon execution of this Agreement, Executive shall be granted an incentive stock options for a total of 300,000 420,000 shares of the Corporation's Common ’s common Stock under the Corporation's ’s stock option plan (the "“Initial Stock Options"”). This grant is effective as of the date of this the Agreement (or the date of grant under the plan, if later). One third of such Initial Stock Options shall become exercisable on each successive anniversary of the date of the Agreement, provided that the Executive is employed by the Corporation on each such anniversary date.

Initial Stock Options. Upon execution of this Agreement, Executive shall be granted an incentive stock options for a total of 300,000 420,000 shares of the Corporation's Common Stock under the Corporation's stock option plan (the "Initial Stock Options"). This grant is effective as of the date of this Agreement (or the date of grant under the plan, if later). One third of such Initial Stock Options shall become exercisable on each successive anniversary of the date of the Agreement, provided that the Executive is employed by the Corporation on each such anniversary date.

Initial Stock Options. Upon execution of this Agreement, Executive shall be granted an incentive stock options for a total of 300,000 360,000 shares of the Corporation's Common Stock under the Corporation's stock option plan (the "Initial Stock Options"). This grant is effective as of the date of this Agreement (or the date of grant under the plan, if later). One third of such Initial Stock Options shall become exercisable on each successive anniversary of the date of the Agreement, provided that the Executive is employed by the Corporation on each such anniversary date.