Common use of Option Grants Clause in Contracts

Option Grants. Holdco expects that the Executive shall be granted additional stock option grants as set forth on the attached Schedule A, in connection with the initial public offering of its common stock in such amounts and on such terms and conditions as are determined by the Board or the Committee, with an exercise price anticipated to be equal to the offering price of a share of the Holdco’s common stock in connection with such initial public offering.