Common use of Incentive Stock Option Grant Clause in Contracts

Incentive Stock Option Grant. In addition to the compensation and benefits described above, the Company will grant you, subject to the approval of the Company's board of directors, the option to purchase 15,000 shares of the Company's common stock, at the fair market value as determined by the Company's board of directors at the date of the grant. The foregoing stock option will be subject to the Company's 2014 Equity Incentive Plan and standard form of stock option agreement (the "Option Agreement"), and shall provide that 25% of the shares vest after twelve (12) months, and the remaining 75% of the shares vest in equal monthly installments over the following thirty-six (36) months. A/7620813 l. I

Incentive Stock Option Grant. In addition to the compensation and benefits described above, the Company will grant you, subject to the approval of the Company's ’s board of directorsdirectors and the Company successfully obtaining a permit from the applicable state authority, the option to purchase 15,000 180,000 shares of the Company's ’s common stock, at the fair market value as determined by the Company's ’s board of directors at the date of the grant. The foregoing stock option will be subject to the Company's 2014 ’s 2006 Equity Incentive Plan and standard form of stock option agreement (the "“Option Agreement"”), and shall provide that 25% of the shares vest after twelve (12) months, and the remaining 75% of the shares vest in equal monthly installments over the following thirty-six (36) months. A/7620813 l. I.