Common use of Stock Option Grant Clause in Contracts

Stock Option Grant. Subject to approval by the Board (or a committee thereof), the Company will grant the Executive a stock option (the “Option”) to purchase shares determined by the Board of Directors of the Company’s common stock at a price per share not less than the per-share fair market value of the common stock on the date of grant, as reasonably determined by the Board (or a committee thereof). The Option will vest with respect to twenty- five percent (25%) of the shares subject to the Option on the first anniversary of the grant date of the Option. The remaining seventy-five percent (75%) of the shares subject to the Option will vest in 24 months substantially equal monthly installments thereafter. In each case, the vesting of the Option is subject to the Executive’s continued employment by the Company through the respective vesting date. The maximum term of the Option will be ten (10) years, subject to earlier termination upon the termination of the Executive’s employment with the Company, a change in control of the Company and similar events. The Option shall be intended as an “incentive stock option” under Section 422 of the Internal Revenue Code, as amended (the “Code”), subject to the terms and conditions of Section 422 of the Code (including, without limitation, the Code limitation on the number of options that may become exercisable in any given year and still qualify as such an incentive stock option). The Option shall be granted under the Company’s Performance Incentive Plan and shall be subject to such further terms and conditions as set forth in the Company’s standard form of award agreement for stock options granted under the plan.

Stock Option Grant. Subject to approval by the Board (or a committee thereof), the Company will grant the Executive a stock option (the “Option”) to purchase 3,000,000 shares determined by the Board of Directors of the Company’s common stock at a price per share not less than the per-share fair market value of the common stock on the date of grant, as reasonably determined by the Board (or a committee thereof). The Option will vest with respect to twenty- five thirty-three and one-third percent (25%33 ⅓%) of the shares subject to the Option on the first anniversary of the grant date of the Option. The remaining seventysixty-five six and two-thirds percent (75%66 ⅔%) of the shares subject to the Option will vest in 24 months twenty-four (24) substantially equal monthly installments thereafter. In each case, the vesting of the Option is subject to the Executive’s continued employment by the Company through the respective vesting date. The maximum term of the Option will be ten (10) years, subject to earlier termination upon the termination of the Executive’s employment with the Company, a change in control of the Company and similar events. The Option shall be intended as an “incentive stock option” under Section 422 of the Internal Revenue Code, as amended (the “Code”), subject to the terms and conditions of Section 422 of the Code (including, without limitation, the Code limitation on the number of options that may become exercisable in any given year and still qualify as such an incentive stock option). The Option shall be granted under a long-term incentive plan to be adopted by the Company and submitted for approval by the Company’s Performance Incentive Plan stockholders, and shall be subject to such further terms and conditions as set forth in the Company’s standard form of award agreement for stock options granted under the plan.

Stock Option Grant. Subject to approval by the Board (or a committee thereof), the Company will grant the Executive a stock option (the “Option”) to purchase 350,000 shares determined by the Board of Directors of the Company’s common stock at a price per share not less than the per-share fair market value of the common stock on the date of grant, as reasonably determined by the Board (or a committee thereof). [The Option will vest with respect to twenty- twenty-five percent (25%) of the shares subject to the Option on the first anniversary of the grant date of the Option. The remaining seventy-five percent (75%) of the shares subject to the Option will vest in 24 months substantially equal monthly installments thereafter. In each case, the vesting of the Option is subject to the Executive’s continued employment by the Company through the respective vesting date. The maximum term of the Option will be ten (10) years, subject to earlier termination upon the termination of the Executive’s employment with the Company, a change in control of the Company and similar events. The Option shall be intended as an “incentive stock option” under Section 422 of the Internal Revenue Code, as amended (the “Code”), subject to the terms and conditions of Section 422 of the Code (including, without limitation, the Code limitation on the number of options that may become exercisable in any given year and still qualify as such an incentive stock option). The Option shall be granted under the Company’s 2012 Performance Incentive Plan and shall be subject to such further terms and conditions as set forth in the Company’s standard form of award agreement for stock options granted under the plan.

Stock Option Grant. Subject to approval by the Board (or a committee thereof), the Company will grant the Executive a stock option (the “"Option”") to purchase 592,000 shares determined by the Board of Directors of the Company’s 's common stock at a price per share not less than the per-share fair market value of the common stock on the date of grant, as reasonably determined by the Board (or a committee thereof). [The Option will vest with respect to twenty- twenty-five percent (25%) of the shares subject to the Option on the first anniversary of the grant date of the Option. The remaining seventy-five percent (75%) of the shares subject to the Option will vest in 24 months substantially equal monthly installments thereafter. In each case, the vesting of the Option is subject to the Executive’s 's continued employment by the Company through the respective vesting date. The maximum term of the Option will be ten (10) years, subject to earlier termination upon the termination of the Executive’s 's employment with the Company, a change in control of the Company and similar events. The Option shall be intended as an “"incentive stock option” " under Section 422 of the Internal Revenue Code, as amended (the “"Code”"), subject to the terms and conditions of Section 422 of the Code (including, without limitation, the Code limitation on the number of options that may become exercisable in any given year and still qualify as such an incentive stock option). The Option shall be granted under the Company’s 's 2012 Performance Incentive Plan and shall be subject to such further terms and conditions as set forth in the Company’s 's standard form of award agreement for stock options granted under the plan.

Stock Option Grant. Subject to approval by (a) On the Board (or a committee thereof)Effective Date, the Company will grant the Executive a stock option (the “Option”) to purchase two hundred thousand (200,000) of the issued and outstanding shares determined by the Board of Directors of the Company’s common stock at a price per share not less than equal to the per-share fair market value of Fair Market Value (as defined in the common stock 2009 Incentive Stock Plan) on the date of grantgrant (the stock options to purchase 200,000 shares of the Company’s common stock described in this paragraph, as reasonably determined by the Board “Option.”) (or a committee thereof). The Option will vest with respect to twenty- five percent (25%b) 8,333 of the shares subject to the Option on the first anniversary of the grant date of the Option. The remaining seventy-five percent (75%) of the shares subject to covered by the Option will vest in 24 months substantially equal monthly installments thereafter. In on each case, the vesting of the first twenty-three (23) monthly anniversaries of the Effective Date and 8,341 of the shares covered by the Option is will vest on the twenty-fourth (24th) monthly anniversary of the Effective Date, subject to the Executive’s continued employment by the Company through the respective vesting datemonthly anniversary. The maximum term of Notwithstanding the foregoing, all shares subject to the Option will be ten shall immediately vest upon (10i) years, subject to earlier termination upon the termination of the Executive’s employment with Involuntary Termination (as defined in Section 5.5) after the first anniversary of the Effective Date or (ii) a Change of Control (as such term is defined in subsections (a) – (d) of the definition of “Change of Control” contained in the Company’s 2004 Stock Incentive Plan). Upon the Executive’s Involuntary Termination between the Effective Date and its first anniversary, an additional number of shares that a change in control total of 50% of all shares subject to the Company and similar events. The Option shall be intended vested as an “incentive stock option” under Section 422 of the Internal Revenue Code, Severance Date (as amended defined in Section 5.3). (the “Code”), subject to the terms and conditions of Section 422 of the Code (including, without limitation, the Code limitation on the number of options that may become exercisable in any given year and still qualify as such an incentive stock option). c) The Option shall be granted under the Company’s Performance 2009 Stock Incentive Plan and shall be subject to such further terms and conditions as set forth in a written stock option grant letter to be provided by the Company’s standard form of award agreement for stock options granted Company to the Executive to evidence the Option under the plan.