Common use of Stock Options and Other Equity Grants Clause in Contracts

Stock Options and Other Equity Grants. During each year of the Employment Period, the Executive shall receive either (A) stock option grants pursuant to the Company's 1990 Equity Incentive Plan or any successor plan for each fiscal year ending during the Employment Period equal to the highest number and value to those granted to Executive for any of the three (3) fiscal years prior to the Effective Date (the "Stock Option / RSO Valuation"), or (B) if such Plan or Plans do not exist, then an amount in cash equal to the Stock Option / RSO Valuation Amount. In addition, during the Employment Period, the Executive shall receive restricted stock grants pursuant to the Company's 1990 Equity Incentive Plan or any successor plan for each fiscal year during the Employment Period equal to the highest number and value to those granted to Executive for any of the three (3) fiscal years prior to the Effective Date (the "Stock Option / RSO Valuation"), or (B) if such Plan or Plans do not exist, then an amount in cash equal to the Stock Option / RSO Valuation Amount.

Stock Options and Other Equity Grants. During each year of the Employment Period, the Executive shall receive either (A) stock option grants pursuant to the Company's 1990 Equity Incentive Plan or any successor plan for each fiscal year ending during the Employment Period equal to the highest number and value to those granted to Executive for any of the three (3) fiscal years prior to the Effective Date (the "Stock Option / RSO ValuationValuation Amount"), or (B) if such Plan or Plans do not exist, then an amount in cash equal to the Stock Option / RSO Valuation Amount. In addition, during the Employment Period, the Executive shall receive restricted stock grants pursuant to the Company's 1990 Equity Incentive Plan or any successor plan for each fiscal year during the Employment Period equal to the highest number and value to those granted to Executive executive for any of the three (3) fiscal years prior to the Effective Date (the "Stock Option / RSO ValuationValuation Amount"), or (B) if such Plan or Plans do not exist, then an amount in cash equal to the Stock Option / RSO Valuation Amount.