Common use of Stock Options; Restricted Stock Units Clause in Contracts

Stock Options; Restricted Stock Units. (i) Employee will be granted a non-qualified stock option (“the Option”) to purchase 150,000 shares of the Company’s common stock at an exercise price equal to the per share equivalent of the fair market value of the Company’s common stock on the date of grant as determined by the closing price of the Company’s common stock on NASDAQ NMS on the date of grant, or, if there is no such reported price on the date of grant, the closing price on the trading day on NASDAQ NMS first preceding the date of grant. The date of grant shall be set by the Compensation Committee of the Board of Directors. Subject to the accelerated vesting provisions set forth herein, the Option shall vest as to thirty-three (33%) of the shares subject thereto on January 2, 2009 and shall vest ratably in six (6) month increments (16.7% each six-month period) thereafter over the two (2) year period commencing on January 2, 2009, subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The Option shall be subject to the terms and conditions of the Company’s Restated 1996 Stock Incentive Plan (the “1996 Plan”) and the stock option agreement between Employee and the Company; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Effective Date Option and this Agreement, the terms and conditions of this Agreement shall prevail.

Stock Options; Restricted Stock Units. (i) Employee will be granted a non-qualified stock option (“the Option”) to purchase 150,000 75,000 shares of the Company’s common stock at an exercise price equal to the per share equivalent of the fair market value of the Company’s common stock on the date of grant as determined by the closing price of the Company’s common stock on NASDAQ NMS on the date of grant, or, if there is no such reported price on the date of grant, the closing price on the trading day on NASDAQ NMS first preceding the date of grant. The date of grant shall be set by the Compensation Committee of the Board of Directors. Subject to the accelerated vesting provisions set forth herein, the Option shall vest as to thirty-three (33%) of the shares subject thereto on January 2, 2009 and shall vest ratably in six (6) month increments (16.7% each six-month period) thereafter over the two (2) year period commencing on January 2, 2009, subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The Option shall be subject to the terms and conditions of the Company’s Restated 1996 Stock Incentive Plan (the “1996 Plan”) and the stock option agreement between Employee and the Company; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Effective Date Option and this Agreement, the terms and conditions of this Agreement shall prevail.

Stock Options; Restricted Stock Units. (i) Employee will be granted a non-qualified stock option (“the Option”) to purchase 150,000 shares of the Company’s common stock at an exercise price equal to the per share equivalent of the fair market value of the Company’s common stock on the date of grant as determined by the closing price of the Company’s common stock on NASDAQ NMS on the date of grant, or, if there is no such reported price on the date of grant, the closing price on the trading day on NASDAQ NMS first preceding the date of grant. The date of grant shall be set by the Compensation Committee of the Board of Directors. Subject to the accelerated vesting provisions set forth herein, the Option shall vest as to thirty-three (33%) of the shares subject thereto on January 2December 19, 2009 2008 and shall vest ratably in six (6) month increments (16.7% each six-month period) thereafter over the two (2) year period commencing on January 2December 19, 20092008, subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The Option shall be subject to the terms and conditions of the Company’s Restated 1996 Stock Incentive Plan (the “1996 Plan”) and the stock option agreement between Employee and the Company; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Effective Date Option and this Agreement, the terms and conditions of this Agreement shall prevail.

Stock Options; Restricted Stock Units. (i) Employee will be granted a non-qualified stock option (“the Option”) to purchase 150,000 200,000 shares of the Company’s common stock at an exercise price equal to the per share equivalent of the fair market value of the Company’s common stock on the date of grant as determined by the closing price of the Company’s common stock on NASDAQ NMS on the date of grant, or, if there is no such reported price on the date of grant, the closing price on the trading day on NASDAQ NMS first preceding the date of grant. The date of grant shall be set by the Compensation Committee of the Board of Directors. Subject to the accelerated vesting provisions set forth herein, the Option shall vest as to thirty-three (33%) one- third of the shares subject thereto on January 2, 2009 One Year from the Effective Date (Same as Hire Date) and shall vest ratably in six (6) month increments (16.7% each six-month period) thereafter over the two (2) year period commencing on January 2, 2009One Year from the Effective Date (Same as Hire Date), subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The Option shall be subject to the terms and conditions of the Company’s Restated 1996 Stock Incentive Plan (the “1996 Plan”) and the stock option agreement Stock Option Agreement between Employee and the Company; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Effective Date Option and this Agreement, the terms and conditions of this Agreement shall prevail.

Stock Options; Restricted Stock Units. (i) On the Effective Date, Employee will be granted a non-qualified stock option (“the Option”) to purchase 150,000 120,000 shares of the Company’s common stock at an exercise price equal to the per share equivalent of the fair market value of the Company’s common stock on the date of grant as determined by the closing price of the Company’s common stock on NASDAQ NMS on the date of grant, or, if there is no such reported price on the date of grant, the closing price on the trading day on NASDAQ NMS first preceding the date of grant. The date of grant shall be set by the Compensation Committee of the Board of Directors. Subject to the accelerated vesting provisions set forth herein, the Option shall vest as to thirty-three point three percent (3333.3%) of the shares subject thereto on January 2October 28, 2009 and shall vest ratably in six (6) month increments (16.7% in each six-month period) thereafter over the two (2) year period commencing on January 2October 28, 2009, subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The Option shall be subject to the terms and conditions of the Company’s Restated 1996 Stock Incentive Plan (the “1996 Plan”) and the stock option agreement between Employee and the Company; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Effective Date Option and this Agreement, the terms and conditions of this Agreement shall prevail.

Stock Options; Restricted Stock Units. (i) Employee will be granted a non-qualified stock option (“the Option”) to purchase 150,000 200,000 shares of the Company’s common stock at an exercise price equal to the per share equivalent of the fair market value of the Company’s common stock on the date of grant as determined by the closing price of the Company’s common stock on NASDAQ NMS on the date of grant, or, if there is no such reported price on the date of grant, the closing price on the trading day on NASDAQ NMS first preceding the date of grant. The date of grant shall be set by the Compensation Committee of the Board of Directors. Subject to the accelerated vesting provisions set forth herein, the Option shall vest as to thirty-three (33%) 33.33% of the shares subject thereto on January 2, 2009 One Year from the Effective Date (Same as Hire Date) and shall vest ratably in six (6) month increments (16.7% each six-month period) thereafter over the two (2) year period commencing on January 2, 2009One Year from the Effective Date (Same as Hire Date), subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The Option shall be subject to the terms and conditions of the Company’s Restated 1996 Stock Incentive Plan (the “1996 Plan”) and the stock option agreement Stock Option Agreement between Employee and the Company; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Effective Date Option and this Agreement, the terms and conditions of this Agreement shall prevail.

Stock Options; Restricted Stock Units. (i) As of the Effective Date, Employee will be granted a non-qualified stock option (the “the Option”) to purchase 150,000 1,400,000 shares of the Company’s common stock at an exercise price per share equal to the per share equivalent of the fair market value of the Company’s common stock on the date of grant as determined by the closing price of the Company’s common stock on NASDAQ NMS the Nasdaq Global Select Market on the date of grant, or, if there is no such reported price on the date of grant, the closing price on the trading day on NASDAQ NMS the Nasdaq Global Select Market first preceding the date of grant. The date of grant shall be set by the Compensation Committee of the Board of Directorson which there is a reported closing price. Subject to the accelerated vesting provisions set forth herein, the Option shall vest as to thirty-three (33%) 25% of the shares subject thereto on January 2, 2009 the first anniversary of the Option’s grant date and shall vest ratably in six (6) month increments (16.712.5% each six-six (6) month period) thereafter over the two three (23) year period commencing on January 2, 2009the first anniversary of the Option’s grant date, subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The Option shall be subject to the terms and conditions of the Company’s Restated 1996 Flexible Stock Incentive Plan (the “1996 Plan”) and the stock option agreement between Employee and the CompanyCompany set forth as Exhibit C hereto; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Effective Date Option 1996 Plan or such agreement and this Agreement, the terms and conditions of this Agreement shall prevailprevail unless the conflicting provision(s) in the 1996 Plan or such agreement, as the case may be, shall be more favorable to Employee in which case the provision(s) more favorable to Employee shall govern.

Stock Options; Restricted Stock Units. (i) Employee will be granted a non-qualified stock option (“the Option”) to purchase 150,000 180,000 shares of the Company’s common stock at an exercise price equal to the per share equivalent of the fair market value of the Company’s common stock on the date of grant as determined by the closing price of the Company’s common stock on NASDAQ NMS on the date of grant, or, if there is no such reported price on the date of grant, the closing price on the trading day on NASDAQ NMS first preceding the date of grant. The date of grant shall be set by the Compensation Committee of the Board of Directors. Subject to the accelerated vesting provisions set forth herein, the Option shall vest as to thirty-three (33%) one- third of the shares subject thereto on January 2, 2009 One Year from the Effective Date (Same as Hire Date) and shall vest ratably in six (6) month increments (16.7% each six-month period) thereafter over the two (2) year period commencing on January 2, 2009One Year from the Effective Date (Same as Hire Date), subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The Option shall be subject to the terms and conditions of the Company’s Restated 1996 Stock Incentive Plan (the “1996 Plan”) and the stock option agreement Stock Option Agreement between Employee and the Company; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Effective Date Option and this Agreement, the terms and conditions of this Agreement shall prevail.

Stock Options; Restricted Stock Units. (i) On the Effective Date, Employee will be granted a non-qualified stock option (“the Option”) to purchase 150,000 110,000 shares of the Company’s common stock at an exercise price equal to the per share equivalent of the fair market value of the Company’s common stock on the date of grant as determined by the closing price of the Company’s common stock on NASDAQ NMS on the date of grant, or, if there is no such reported price on the date of grant, the closing price on the trading day on NASDAQ NMS first preceding the date of grant. The date of grant shall be set by the Compensation Committee of the Board of Directors. Subject to the accelerated vesting provisions set forth herein, the Option shall vest as to thirty-three point three percent (3333.3%) of the shares subject thereto on January 2October 1, 2009 and shall vest ratably in six (6) month increments (16.7% in each six-month period) thereafter over the two (2) year period commencing on January 2October 1, 2009, subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The Option shall be subject to the terms and conditions of the Company’s Restated 1996 Stock Incentive Plan (the “1996 Plan”) and the stock option agreement between Employee and the Company; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Effective Date Option and this Agreement, the terms and conditions of this Agreement shall prevail.

Stock Options; Restricted Stock Units. (i) On the Effective Date, Employee will be granted a non-qualified stock option (“the Option”) to purchase 150,000 200,000 shares of the Company’s common stock at an exercise price equal to the per share equivalent of the fair market value of the Company’s common stock on the date of grant as determined by the closing price of the Company’s common stock on NASDAQ NMS on the date of grant, or, if there is no such reported price on the date of grant, the closing price on the trading day on NASDAQ NMS first preceding the date of grant. The date of grant shall be set by the Compensation Committee of the Board of Directors. Subject to the accelerated vesting provisions set forth herein, the Option shall vest as to thirty-three (33%) of the shares subject thereto on January 2July 20, 2009 2010 and shall vest ratably in six (6) month increments (16.7% each six-month period) thereafter over the two (2) year period commencing on January 2July 20, 20092010, subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The Option shall be subject to the terms and conditions of the Company’s Restated 1996 Stock Incentive Plan (the “1996 Plan”) and the stock option agreement between Employee and the Company; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Effective Date Option and this Agreement, the terms and conditions of this Agreement shall prevail.