Common use of Option Granted to Employee Clause in Contracts

Option Granted to Employee. In order for the Option to constitute an Incentive Stock Option, the Optionee must be an employee of the Company or Affiliate at the time the Option is granted.

Option Granted to Employee. In order for the Option to constitute an Incentive Stock Option, the Optionee Recipient must be an employee of the Company or an Affiliate at the time the Option is granted.