Common use of Initial Grant of Stock Options Clause in Contracts

Initial Grant of Stock Options. On the day the Effective Date, the Company shall grant Executive a stock option to purchase Class A ordinary common shares of the Company, par value US$0.0001 per share (“Stock”, and such stock options, “Options”) with an aggregate financial accounting grant date fair value equal to US$650,000, which shall be subject to the terms and conditions of the Company’s 2021 Omnibus Incentive Compensation Plan (the “2021 Plan”) and a stock option agreement to be entered into between the Company and Executive on the Effective Date.

Initial Grant of Stock Options. On the day the Effective Date, the Company shall grant Executive a stock option to purchase Class A ordinary common shares of the Company, par value US$0.0001 per share Stock (“Stock”, and such stock options, “Options”) with an aggregate financial accounting grant date fair value equal to US$650,000217,500, which shall be subject to the terms and conditions of the Company’s 2021 Omnibus Incentive Compensation Plan (the “2021 Plan”) and a stock option agreement to be entered into between the Company and Executive on the Effective Date.