Common use of Certain Options Clause in Contracts

Certain Options. Effective as of the Effective Time and subject to any required shareholder approval necessary to effectuate the following grants, Parent shall grant options to acquire an aggregate of 500,000 shares of common stock of Parent ("Parent Options") to certain employees of the Company, in accordance with Schedule 5.11 hereto (which Schedule may be amended from time to time by executives of the Company prior to the Effective Time, provided (i) such amendment shall have received the consent of Parent and (ii) no amendment shall provide for the grant of shares of common stock of Parent in excess of 500,000 shares). Except as set forth in Schedule 5.11, the Parent Options shall be subject to the terms and conditions set forth in the applicable option plan of Parent (as the same may be amended) and the applicable option agreement.