Common use of Options Granted Clause in Contracts

Options Granted. On the terms and conditions specified in this Agreement, Company grants Holder the ability to acquire up to 250,000 Options to purchase shares of common stock of Company at a purchase price of $1.00 per share ("Options") according to the terms and vesting schedule of the Director Agreement between Company and Holder attached hereto as an exhibit, such Options being further subject to the provisions of the Plan, as administered by Company's Option Committee. Subject to the provisions of the Plan and the terms contained herein, Holder's right to receive Options granted hereunder terminates should Holder resign, or be forcibly removed, as a Director of Company. Time of Exercise of Option

Options Granted. On the terms and conditions specified in this Agreement, Company grants Holder the ability to acquire up to 250,000 500,000 Options to purchase shares of common stock of Company at a purchase price of $1.00 per share ("Options") according to the terms and vesting schedule of the Director Agreement between Company and Holder attached hereto as an exhibit, such Options being further subject to the provisions of the Plan, as administered by Company's Option Committee. Subject to the provisions of the Plan and the terms contained herein, Holder's right to receive Options granted hereunder terminates should Holder resign, or be forcibly removed, as a Director of Company. Time of Exercise of Option