Common use of Regular Stock Option Award Clause in Contracts

Regular Stock Option Award. In addition to the Special Stock -------------------------- Option described above, on the date of the Company's quarterly Board meeting next following the Effective Date, the Company shall grant the Executive a ten- year option to purchase 25,000 shares of Common Stock. Such option shall be granted at an exercise price equal to the fair market value of the Common Stock on the grant date, and shall become exercisable over a period of five years from the grant date in five equal annual installments commencing on the first anniversary of the grant date, subject to the terms, conditions and adjustments set forth in Section 8, below.

Regular Stock Option Award. In addition to the Special Stock -------------------------- Option described above, on the date of the Company's quarterly Board meeting next following the Effective DateDecember 14, 2001, the Company shall grant the Executive a ten- ten-year option to purchase 25,000 shares of Common Stock. Such option shall be granted at an exercise price equal to the fair market value of the Common Stock on the grant date, and shall become exercisable over a period of five three years from the grant date in five three equal annual installments commencing on the first anniversary of the grant date, subject to the terms, conditions and adjustments set forth in Section 8, below.

Regular Stock Option Award. In addition to the Special Stock -------------------------- --------------------------- Option described above, on the date as of the Company's quarterly Board meeting next following the Effective Date, the Company shall grant the Executive a ten- ten-year option to purchase 25,000 35,000 shares of Common Stock. Such option shall be granted at an exercise price equal to the fair market value of the Common Stock on the grant date, and shall become exercisable over a period of five years from the grant date Effective Date in five equal annual installments commencing on the first anniversary date of the grant dateEffective Date, subject to the terms, conditions and adjustments set forth in Section 8, 8 below.

Regular Stock Option Award. In addition to the Special Stock -------------------------- --------------------------- Option described above, on the date as of the Company's quarterly Board meeting next following the Effective Date, the Company shall grant the Executive a ten- ten-year option to purchase 25,000 75,000 shares of Common Stock. Such option shall be granted at an exercise price equal to the fair market value of the Common Stock on the grant date, and shall become exercisable over a period of five years from the grant date Effective Date in five equal annual installments commencing on the first anniversary date of the grant dateEffective Date, subject to the terms, conditions and adjustments set forth in Section 8, 8 below.