Common use of Sign-On Award Clause in Contracts

Sign-On Award. As of the Effective Date, pursuant to an option award agreement between the Company and the Executive that shall be delivered to the Executive promptly following the Effective Date (the “Award Agreement”) the Company shall grant to the Executive a non-qualified stock option (an “Option”) to purchase 35,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”). The exercise price per share subject to the Option shall be equal to the closing price of a share of Common Stock on the Execution Date. The Option shall become exercisable with respect to 8,750 shares of Common Stock on each of the first four anniversaries of the Effective Date, but shall otherwise be subject to the terms and conditions of the Award Agreement. Subject to applicable securities laws, as determined by the Company and its counsel, the Executive shall be entitled to exercise the Option cashlessly and the Company shall register the stock subject to Option.

Sign-On Award. As of the Effective Date, pursuant to an option award agreement between the Company and the Executive that shall be delivered to the Executive promptly following the Effective Date (the “Award Agreement”) the Company shall grant to the Executive a non-qualified stock option (an “Option”) to purchase 35,000 750,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”). The exercise price per share subject to the Option shall be equal to the closing price of a share of Common Stock on the Execution Effective Date. The Option shall become exercisable with respect to 8,750 187,500 shares of Common Stock on each of the first four anniversaries of the Effective Date, but shall otherwise be subject to the terms and conditions of the Award Agreement. Subject to applicable securities laws, as determined by the Company and its counsel, the Executive shall be entitled to exercise the Option cashlessly and the Company shall register the stock subject to Option.

Sign-On Award. As of the Effective Date, pursuant to an option award agreement between the Company and the Executive that shall be delivered to the Executive promptly following the Effective Date (the “Award Agreement”) the Company shall grant to the Executive a non-qualified stock option (an “Option”) to purchase 35,000 125,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”). The exercise price per share subject to the Option shall be equal to the closing price of a share of Common Stock on the Execution Date. The Option shall become exercisable with respect to 8,750 31,250 shares of Common Stock on each of the first four anniversaries of the Effective Date, but shall otherwise be subject to the terms and conditions of the Award Agreement. Subject to applicable securities laws, as determined by the Company and its counsel, the Executive shall be entitled to exercise the Option cashlessly and the Company shall register the stock subject to Option.

Sign-On Award. As of the Effective Date, pursuant to an option award agreement between the Company and the Executive that shall be delivered to the Executive promptly following the Effective Date (the “Award Agreement”) the Company shall grant to the Executive a non-qualified stock an option (an “Option”) to purchase 35,000 65,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”). The exercise price per share subject to the Option shall be equal to the closing price of a share of Common Stock on the Execution Date. The Option shall become exercisable with respect to 8,750 16,250 shares of Common Stock on each of the first four anniversaries of the Effective Date, but shall otherwise be subject to the terms and conditions of the Award AgreementAgreement and any applicable plan. Subject to applicable securities laws, as determined by the Company and its counsel, the Executive shall be entitled to exercise the Option cashlessly and the Company shall register the stock subject to Option.