Common use of Sign-on Option Award Clause in Contracts

Sign-on Option Award. On the Effective Date the Compensation Committee will grant to the Executive an option to purchase 677,201 shares of the Company’s Common Stock under the LTSIP (the “Sign-On Option Award”). The Sign-On Option Award will be subject to terms and conditions of the option agreement attached hereto as Exhibit B. Except as otherwise provided in the Executive’s Option Agreement evidencing the Sign-On Option Award, the Sign-on Option Award will be governed by provisions of the LTSIP.

Sign-on Option Award. On the Effective Date the The Compensation Committee will authorized the grant to the Executive Executive, as of the Effective Date, of an option to purchase 677,201 shares of right (“the Company’s Common Stock under the LTSIP (the “Sign-On Option Award”)) to purchase 435,730 shares of Common Stock at an option price equal to 120% of the Market Value Per Share on the Date of Grant. The Sign-On Option Award will be subject to the terms and conditions of the option agreement attached hereto as Exhibit B. A. Subject to the terms and conditions of the option agreement, the Sign-On Option Award shall vest on the second anniversary of the Date of Grant. Except as otherwise provided in the Executive’s Option Agreement award agreement evidencing the Sign-On Option Award, the Sign-on On Option Award will be governed by provisions of the LTSIP.

Sign-on Option Award. On the Effective Date the The Compensation Committee will hereby authorizes the grant to the Executive Executive, as of the Effective Date, of an option to purchase 677,201 shares of right (“the Company’s Common Stock under the LTSIP (the “Sign-On Option Award”)) to purchase 435,730 shares of Common Stock at an option price equal to 120% of the Market Value Per Share on the Date of Grant. The Sign-On Option Award will be subject to the terms and conditions of the option agreement attached hereto as Exhibit B. A. Subject to the terms and conditions of the option agreement, the Sign-On Option Award shall vest on the second anniversary of the Date of Grant. Except as otherwise provided in the Executive’s Option Agreement award agreement evidencing the Sign-On Option Award, the Sign-on On Option Award will be governed by provisions of the LTSIP.

Sign-on Option Award. On the Effective Date the Compensation Committee will grant granted to the Executive an option to purchase 677,201 shares of the Company’s Common Stock under the LTSIP (the “Sign-On Option Award”). The Sign-On Option Award will be subject to terms and conditions of the option agreement attached hereto as Exhibit B. Except as otherwise provided in the Executive’s Option Agreement evidencing the Sign-On Option Award, the Sign-on Option Award will be governed by provisions of the LTSIP.