Common use of Exercise Price of Options Clause in Contracts

Exercise Price of Options. For a period of three years after the Effective Date, the Company will not grant any option pursuant to the Company's 1997 Stock Option Plan at an exercise price less than the greater of $5.00 per share or the fair market value of the Common Stock on the date of the grant.

Exercise Price of Options. For a period of three years after the Effective Date, the Company will not grant any option pursuant to the Company's 1997 Stock Option Plan at an exercise price less than the greater of [$5.00 ____] per share or the fair market value of the Common Stock on the date of the grant.