Common use of Option Award Clause in Contracts

Option Award. The Board or any committee of the Board (the “Committee”) appointed to administer the Company’s Equity Incentive Plan, as may be amended from time to time (the “Stock Plan”) shall award Executive as of the Effective Date, options to purchase Thirty Thousand (30,000) shares of the Company’s common stock, $0.001 par value per share, having an exercise price of equal to the fair market value of one share of the Company’s common stock as of the Effective Date as determined by the Board or Committee at the earliest practicable time, which options shall be subject to certain restrictions (the “Options Award”). The Options Award shall vest in four (4) equal amounts on each successive anniversary of the Effective Date, provided that Executive is employed by the Company on each vesting date. The Options Award shall be granted pursuant to and shall be subject to all of the terms and conditions imposed upon such awards granted under the Stock Plan and shall be evidenced by an Incentive Stock Option Agreement in the form approved by the Board or Committee. As a condition to receiving the Options Award, Executive acknowledges that the Option Award, together with shares issued thereunder are subject to the Stockholders Agreement dated May 2, 2005, as may be amended from time to time, to which Executive is a party by reason of a Joinder Agreement, and Executive further agrees to execute and deliver upon request a letter in a form approved by the Company’s underwriters agreeing not to sell any shares of Company common stock during a customary period following the completion of an initial public offering of the Company’s common stock.

Option Award. The Board or any committee of the Board (the “Committee”) appointed to administer the Company’s Equity Incentive Plan, as may be amended from time to time (the “Stock Plan”) shall award Executive as of the Effective Date, options to purchase Thirty Forty Eight Thousand (30,00048,000) shares of the Company’s common stock, $0.001 0,001 par value per share, having an exercise price of equal to the fair market value of one share of the Company’s common stock as of the Effective Date per shares as determined by the Board or Committee at the earliest practicable time, which options shall be subject to certain restrictions (the “Options Award”). The Options Award shall vest in four (4) equal amounts on each successive anniversary of the Effective Date, provided that Executive is employed by the Company on each vesting date. The Options Award shall be granted pursuant to and shall be subject to all of the terms and conditions imposed upon such awards granted under the Stock Plan and shall be evidenced by an Incentive Stock Option Agreement in the form approved by the Board or Committee. As a condition to receiving the Options Award, Executive acknowledges that the Option Award, together with shares issued thereunder are subject to the Stockholders Agreement dated May 2, 2005, as may be amended from time to time, to which Executive is a party by reason of a Joinder Agreement, and Executive further agrees to execute and deliver upon request a letter in a form approved by the Company’s underwriters agreeing not to sell any shares of Company common stock during a customary period following the completion of an initial public offering of the Company’s common stock.

Option Award. The Board or any committee of the Board (the “"Committee”") appointed to administer the Company’s 's Equity Incentive Plan, as may be amended from time to time (the “"Stock Plan”") shall award Executive as of the Effective Date, options to purchase Thirty One Hundred Thousand (30,000100,000) shares of the Company’s common stock, $0.001 par value per share, having an exercise price of equal to the fair market value of one share of the Company’s common stock as of the Effective Date earlier of (i) the closing of the Company’s Initial Public Offering or (ii) December 31, 2007, as determined by the Board (or Committee a committee thereof) at the earliest practicable time, which options shall be subject to certain restrictions (the “"Options Award”"). The Options Award shall vest in four (4) equal amounts on each successive anniversary of the Effective Date, provided that Executive is employed by the Company on each vesting date. The Options Award shall be granted pursuant to and shall be subject to all of the terms and conditions imposed upon such awards granted under the Stock Plan and shall be evidenced by an Incentive a Stock Option Agreement in the form approved by the Board or Committee. As a condition to receiving the Options Award, Executive acknowledges that the Option Award, together with shares issued thereunder are subject to the Stockholders Agreement dated May 2, 2005, as may be amended from time to time, to which Executive is a party by reason of a Joinder Agreementparty, and Executive further agrees to execute and deliver upon request a letter in a form approved by the Company’s underwriters agreeing not to sell any shares of Company common stock without the prior consent of said underwriters during a customary period following the completion of an initial public offering Initial Public Offering of the Company’s common stock. For avoidance of doubt, Executive’s participation as a selling shareholder in the Company’s Initial Public Offering is excluded from the foregoing limitation.