Common use of Option Award Clause in Contracts

Option Award. The Company hereby awards Grantee an Option to purchase shares of Company common stock, par value $.01 per share (“Shares”), pursuant to this Agreement at an exercise price per Share of $XX.XX, subject to the terms and conditions set forth herein and in the Plan. The Option may not be exercised in whole or in part as of the Grant Date, and becomes exercisable only if and to the extent provided in the following paragraphs and otherwise subject to and in accordance with the Plan.

Option Award. The Company hereby awards Grantee an Option to purchase shares of Company common stock, par value $.01 per share (“Shares”), pursuant to this Agreement at an exercise a purchase price per Share of $XX.XX, subject to the terms and conditions set forth herein and in the Plan. The Option may not be exercised in whole or in part as of the Grant Date, and becomes is exercisable only if and to the extent provided in the following paragraphs and otherwise subject to and in accordance with the Plan.

Option Award. The Company hereby awards Grantee an Option to purchase shares of Company common stock, par value $.01 per share (“Shares”), pursuant to this Agreement at an exercise a purchase price per Share of [$XX.XXPRICE], subject to the terms and conditions set forth herein and in the Plan. The Option may not be exercised in whole or in part as of the Grant Date, and becomes is exercisable only if and to the extent provided in the following paragraphs and otherwise subject to and in accordance with the Plan.

Option Award. The Company hereby awards Grantee an Option to purchase shares of Company common stock, par value $.01 per share (“Shares”), pursuant to this Agreement at an exercise price per Share of $XX.XX16.55, subject to the terms and conditions set forth herein and in the PlanPlan (the “Exercise Price”). The Option may not be exercised in whole or in part as of the Grant Date, and becomes exercisable only if and to the extent provided in the following paragraphs and otherwise subject to and in accordance with the Plan.

Option Award. The Company hereby awards Grantee an Option to purchase shares Shares of Company common stock, par value $.01 per share (“Shares”), stock pursuant to this Agreement at an exercise a purchase price per Share of $XX.XX[$ PRICE], subject to the terms and conditions set forth herein and in the Plan. The Option may not be exercised in whole or in part as of the Grant Date, and becomes is exercisable only if and to the extent provided in the following paragraphs and otherwise subject to and in accordance with the Plan.