Common use of Participation in Stock Incentive Plan Clause in Contracts

Participation in Stock Incentive Plan. The Board of Directors may grant Employee certain stock option shares of Employer's Common Stock, in accordance with the Employer's 1999 Omnibus Plan, as amended from time to time. Such options shall vest in the event the Employee's employment is terminated for any reason other than for cause (as defined in paragraph 7(a)(2)), including death, disability and termination by the Employer other than for cause.

Participation in Stock Incentive Plan. The Board of Directors may grant the Employee certain stock option shares of the Employer's Common Stock, in accordance with the Employer's 1999 Omnibus Plan, as amended from time to time. Such options shall vest in the event the Employee's employment is terminated for any reason other than for cause (as defined in paragraph 7(a)(2)), including death, disability and termination by the Employer other than for cause. Upon the Commencement Date, the Employee shall receive a grant of 45,000 options to purchase the Employer's stock.