1 EXHIBIT 99.5 INSITE VISION INCORPORATED 1994 STOCK OPTION PLAN NON-EMPLOYEE DIRECTOR OPTION AGREEMENT RECITALS A. Under the Automatic Option Grant Program in effect under the Corporation's 1994 Stock Option Plan (the "Plan"), the non- employee...Non-Employee Director Option Agreement • June 23rd, 1997 • Insite Vision Inc • Pharmaceutical preparations • California
