Common use of Stock Option Grants Clause in Contracts

Stock Option Grants. The Executive shall be entitled to receive a grant based on the Executive's performance during each year during the term of this Agreement, beginning with 2006. The amount of the stock option grant in any year shall be determined by reference to the profitability of the Company and such other measures as the Board of Directors and the Executive may agree. The terms and conditions relating to the stock option bonus shall be negotiated in good faith.

Stock Option Grants. The Subject to the approval of the Company’s Board of Directors, the Executive shall be entitled to receive a grant based on the Executive's ’s performance during each year during the term of this Agreement, beginning with 2006applicable year. The amount of the stock option grant in any year shall be determined by reference to the profitability of the Company and such other measures as the Board of Directors and the Executive may agree. The terms and conditions relating to the stock option bonus grant shall be negotiated in good faith.

Stock Option Grants. The Executive shall be entitled to receive a grant based on the Executive's ’s performance during each year during the term of this Agreement, beginning with 2006. The amount of the stock option grant in any year shall be determined by reference to the growth and profitability of the Company and such other measures as the Board of Directors and the Executive may agree. The terms and conditions relating to the stock option bonus shall be negotiated in good faith.

Stock Option Grants. The Executive shall be entitled to receive a grant based on the Executive's ’s performance during each year during the term of this Agreement, beginning with 2006. The amount of the stock option grant in any year shall be determined by reference to the profitability of the Company and such other measures as the Board of Directors and the Executive may agree. The terms and conditions relating to the stock option bonus shall be negotiated in good faith.