Common use of Options and Other Stock-Based Awards Clause in Contracts

Options and Other Stock-Based Awards. In addition to Base Salary and Bonus Compensation, Image may grant stock options and other stock-based awards to Executive, in such form and amounts, and at such time or times, as Image's Board of Directors (or, if applicable, the administrators of Image's stock option plans and (subject to shareholder approval) the 1998 Incentive Plan (the "1998 Plan")) shall determine. If this Agreement is terminated early "Without Cause" under Subparagraph 12(b) or upon or following a "Change in Control" under Paragraph 13(d), all unvested options granted to Executive will immediately vest. The vesting of other stock-based awards will depend upon the provisions of the Executive's award agreement and the plan (if any) under which the Awards are granted. Unless this Agreement is terminated early for Cause under Subparagraph 12(a), all options granted to Executive prior to July 1, 1998 shall be exercisable after employment ceases for the longest period permissible under the applicable stock option plan, to the extent the option was vested as of the date of termination, and all options or rights granted on or after July 1, 1998 shall be exercisable as provided in the applicable award or grant. Image recognizes hereby that Executive is entitled, subject to shareholder approval of the 1998 Plan, to a grant of 12,761 Restricted Stock Units, in substantially the Form of Performance Restricted Stock Unit Award attached hereto as Exhibit A.

Options and Other Stock-Based Awards. In addition to Base Salary and discretionary Bonus Compensation, Image may grant stock options and other stock-based awards to Executive, in such form and amounts, and at such time or times, as Image's ’s Board of Directors (or, if applicable, the administrators of Image's ’s stock option plans and (subject to shareholder approval) the 1998 Incentive Plan (the "1998 Plan")plans) shall determine. If this Agreement is terminated early "“Without Cause" ” under Subparagraph 12(b) or upon or following a "Change in Control" “Good Reason” by Executive under Paragraph 13(d), all unvested options granted to Executive will immediately vest. The vesting of other stock-based awards will depend upon the provisions of the Executive's ’s award agreement and the plan (if any) under which the Awards are granted. Unless this Agreement is terminated early for Cause under Subparagraph 12(a), all options granted to Executive prior to July April 1, 1998 2004 shall be exercisable after employment ceases for the longest period permissible under the applicable stock option plan, to the extent the option was vested as of the date of termination, and all options or rights granted on or after July April 1, 1998 2004 shall be exercisable as provided in the applicable award or grant. Image recognizes hereby The Parties acknowledge that the Compensation Committee will be presented with a revised Executive is entitledStock Plan by the CEO, subject which, when approved, will be intended to shareholder approval of the 1998 Plan, to a grant of 12,761 Restricted Stock Units, in substantially the Form of Performance Restricted Stock Unit Award attached hereto as Exhibit A.provide Executive with enhanced stock option opportunities.

Options and Other Stock-Based Awards. In addition to Base Salary and Bonus Compensation, Image may grant stock options and other stock-based awards to Executive, in such form and amounts, and at such time or times, as Image's Board of Directors (or, if applicable, the administrators of Image's stock option plans and (subject to shareholder approval) the 1998 Incentive Plan (the "1998 Plan")) shall determine. If this Agreement is terminated early "Without Cause" under Subparagraph 12(b) or upon or following a "Change in Control" under Paragraph 13(d), all unvested options granted to Executive will immediately vest. The vesting of other stock-based awards will depend upon the provisions of the Executive's award agreement and the plan (if any) under which the Awards are granted. Unless this Agreement is terminated early for Cause under Subparagraph 12(a), all options granted to Executive prior to July 1, 1998 shall be exercisable after employment ceases for the longest period permissible under the applicable stock option plan, to the extent the option was vested as of the date of termination, and all options or rights granted on or after July 1, 1998 shall be exercisable as provided in the applicable award or grant. Image recognizes hereby that Executive is entitled, subject to shareholder approval of the 1998 Plan, to a grant of 12,761 41,791 Restricted Stock Units, in substantially the Form of Performance Restricted Stock Unit Award attached hereto as Exhibit A.

Options and Other Stock-Based Awards. In addition to Base Salary and discretionary Bonus Compensation, Image may grant stock options and other stock-based awards to Executive, in such form and amounts, and at such time or times, as Image's ’s Board of Directors (or, if applicable, the administrators of Image's ’s stock option plans and (subject to shareholder approval) the 1998 Incentive Plan (the "1998 Plan")plans) shall determine. If this Agreement is terminated early "“Without Cause" ” under Subparagraph 12(b) or upon or following a "Change in Control" “Good Reason” by Executive under Paragraph 13(d)14, all unvested options granted to Executive will immediately vest. The vesting of other stock-based awards will depend upon the provisions of the Executive's ’s award agreement and the plan (if any) under which the Awards are granted. Unless this Agreement is terminated early for Cause under Subparagraph 12(a), all options granted to Executive prior to July April 1, 1998 2004 shall be exercisable after employment ceases for the longest period permissible under the applicable stock option plan, to the extent the option was vested as of the date of termination, and all options or rights granted on or after July April 1, 1998 2004 shall be exercisable as provided in the applicable award or grant. Image recognizes hereby The Parties acknowledge that the Compensation Committee will be presented with a revised Executive is entitledStock Plan by the CEO, subject which, when approved, will be intended to shareholder approval of the 1998 Plan, to a grant of 12,761 Restricted Stock Units, in substantially the Form of Performance Restricted Stock Unit Award attached hereto as Exhibit A.provide Executive with enhanced stock option opportunities.