Common use of Stock Option Agreement Clause in Contracts

Stock Option Agreement. In addition to the salary hereinabove provided, the Executive shall be granted options to purchase 25,000 shares of the Corporation's Common Stock as of January 1 of each year during the Term of this Agreement at an exercise price equal to to average of the closing bid and asked price of the Corporation's Common Stock during month of December immediately preceeding said January 1, pursuant to the terms of the Stock Option Agreement between the Corporation and the Executive executed concurrently herewith.

Stock Option Agreement. In addition to the salary hereinabove provided, the Executive shall be granted options to purchase 25,000 100,000 shares of the Corporation's Common Stock as of January June 1 of each year during the Term of this Agreement at an exercise price equal to to the average of the closing bid and asked price of the Corporation's Common Stock during month of December May immediately preceeding preceding said January June 1, pursuant to the terms of the Stock Option Agreement between the Corporation and the Executive executed concurrently herewith.

Stock Option Agreement. In addition to the salary hereinabove provided, the Executive theExecutive shall be granted options to purchase 25,000 shares of the Corporation's Common Stock as of January 1 of each year during the Term of this Agreement at an exercise price equal to to average of the closing bid and asked price of the Corporation's Common Stock during month of December immediately preceeding said January 1, pursuant to the terms of the Stock Option Agreement between the Corporation and the Executive executed concurrently herewith.

Stock Option Agreement. In addition to the salary hereinabove provided, the Executive shall be granted options to purchase 25,000 100,000 shares of the Corporation's Common Stock as of January 1 of each year during the Term of this Agreement at an exercise price equal to to average of the closing bid and asked price of the Corporation's Common Stock during month of December immediately preceeding said January 1, pursuant to the terms of the Stock Option Agreement between the Corporation and the Executive executed concurrently herewith.

Stock Option Agreement. In addition to the salary hereinabove provided, the Executive shall be granted options to purchase 25,000 shares of the Corporation's Common Stock as of January 1 of each year during the Term of this Agreement at an exercise price equal to to average of the closing bid and asked price of the Corporation's Common Stock during month of December immediately preceeding said January 1, pursuant to the terms of the Stock Option Agreement between the Corporation and the Executive executed concurrently herewith.