Common use of Option Awards Clause in Contracts

Option Awards. Corporation will grant Executive nonqualified stock option awards for 200,000 shares of Corporation's common stock (the "Option") under Corporation's Stock Award Plan (the "Plan"). The Option will have the following additional features: o The option purchase price per share will be the Fair Market Value (as defined in the Plan) on the Effective Date or $4.00, whichever is greater; o The Option will have a term of 10 years, commencing on the Effective Date; o The Option will be exercisable as follows: o The Option will be immediately exercisable as to 50,000 shares; and o The Option will become exercisable as to an additional 50,000 shares on the first, second and third anniversaries of the Effective Date.

Option Awards. Corporation will grant Executive nonqualified stock option awards for 200,000 100,000 shares of Corporation's common stock (the "Option") under Corporation's Stock Award Plan (the "Plan"). The Option will have the following additional features: o The option Option purchase price per share will be the Fair Market Value (as defined in the Plan) on the Effective Date or $4.00, whichever is greaterDate; o The Option will have a term of 10 years, years commencing on the Effective Date; o The Option will be exercisable as follows: o The Option will be immediately exercisable as to 50,000 shares; and o The Option will become exercisable as to an additional 50,000 25,000 shares on the first, second second, third and third fourth anniversaries of the Effective Date.

Option Awards. Corporation will grant Executive --------------- nonqualified stock option awards for 200,000 300,000 shares of Corporation's common stock (the "Option") under Corporation's Stock Award Plan (the "Plan"). The Option will have the following additional features: o The effective date of the option grant (the "Grant Date") will be the date the Board takes action to grant the Option; o The option purchase price per share will be the Fair Market Value (as defined in the Plan) on the Effective Date or $4.00, whichever is greater5.88; o The Option will have a term of 10 years, commencing on the Effective Grant Date; o The Option will be exercisable as follows: o The Option will be immediately exercisable as to 50,000 shares; and o The Option will become exercisable as to an additional 50,000 shares on the first, second and third anniversaries of the Effective Date.:

Option Awards. Corporation will grant Executive nonqualified stock option awards for 200,000 shares of Corporation's common stock (the "Option") under Corporation's Stock Award Plan (the "Plan"). The Option will have the following additional features: o The option Option purchase price per share will be the Fair Market Value (as defined in the Plan) on the Effective Date or $4.00, whichever is greaterDate; o The Option will have a term of 10 years, years commencing on the Effective Date; o The Option will be exercisable as follows: o The Option will be immediately exercisable as to 50,000 shares; and o The Option will become exercisable as to an additional 50,000 shares on the first, second and third anniversaries of the Effective Date.