Common use of SPECIAL STOCK OPTION AWARD Clause in Contracts

SPECIAL STOCK OPTION AWARD. On December 14, 2001, 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 three years from the grant date in 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.

SPECIAL STOCK OPTION AWARD. On December 14, 2001the 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 three five years from the grant date in three 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.

SPECIAL STOCK OPTION AWARD. On December 14, 2001As of the Effective Date, the Company -------------------------- shall grant the Executive a ten-year option to purchase 25,000 40,000 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 three five years from the grant date Effective Date in three 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 below.

SPECIAL STOCK OPTION AWARD. On December 14, 2001As of the Effective Date, the Company -------------------------- shall grant the Executive a ten-year option to purchase 25,000 50,000 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 three five years from the grant date Effective Date in three 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 below.