Common use of Performance Incentive Compensation Clause in Contracts

Performance Incentive Compensation. Executive is awarded at the price of the Company's common stock of the Effective Date an option for 67,000 shares of common stock of the Company under terms and circumstances set forth in Exhibit A. This additional incentive is given in lieu of cash or stock bonus for the term of this contract. The Compensation Committee will review both the Company's performance and Executive's performance as of the first anniversary of this contract and will only authorize additional compensation in the event of extraordinary efforts and success. To the maximum amount allowed by law, these options will be in the form an Incentive Stock Option Grant and the balance in Non-Qualified Options.

Performance Incentive Compensation. Executive is awarded at the price of the Company's common stock of the Effective Date an option for 67,000 45,000 shares of common stock of the Company under terms and circumstances set forth in Exhibit A. This additional incentive is given in lieu of cash or stock bonus for the term of this contract. The Compensation Committee will review both the Company's performance and Executive's performance as of the first anniversary of this contract and will only authorize additional compensation in the event of extraordinary efforts and success. To the maximum amount allowed by law, these options will be in the form an Incentive Stock Option Grant and the balance in Non-Qualified Options.

Performance Incentive Compensation. Executive is awarded at the price of the Company's common stock of the Effective Date an option for 67,000 100,000 shares of common stock of the Company under terms and circumstances set forth in Exhibit A. This additional incentive is given in lieu of cash or stock bonus for the term of this contract. The Compensation Committee will review both the Company's performance and Executive's performance as of the first anniversary of this contract and will only authorize additional compensation in the event of extraordinary efforts and success. To the maximum amount allowed by law, these options will be in the form an Incentive Stock Option Grant and the balance in Non-Qualified Options.