Common use of Xxxxx of Option Clause in Contracts

Xxxxx of Option. The Administrator hereby grants to the optionee named in the Notice of Stock Option Grant attached as Part I of this Option Agreement (the “Optionee”) an option (the “Option”) to purchase the number of Shares, as set forth in the Notice of Stock Option Grant, at the exercise price per Share set forth in the Notice of Stock Option Grant (the “Exercise Price”), subject to the terms and conditions of this Option Agreement and the Plan. This Option is intended to be an Incentive Stock Option (“ISO”) or a Nonstatutory Stock Option (“NSO”), as provided in the Notice of Stock Option Grant.

Xxxxx of Option. The Administrator hereby grants to the optionee named in the Notice of Stock Option Grant attached as Part I of this Option Agreement (the “"Optionee”") an option (the “"Option”") to purchase the number of Shares, as set forth in the Notice of Stock Option Grant, at the exercise price per Share set forth in the Notice of Stock Option Grant (the “"Exercise Price”"), subject to the terms and conditions of this Option Agreement and the Plan. This Option is intended to be an Incentive Stock Option (“"ISO”") or a Nonstatutory Stock Option (“"NSO”"), as provided in the Notice of Stock Option Grant.