Common use of Reload Feature Clause in Contracts

Reload Feature. Upon an exercise of this Option by the Optionee in accordance with its terms, the Optionee will be given additional options to purchase additional shares (in addition to the remaining unexercised options subject to this Option) equal to the number of shares so purchased (without regard to any cashless exercise feature) by the exercise with the following to apply: all terms for such additional Options will be the same as this Option but: the Exercise Price will be equal to the fair market price of the common stock of the Company as on the date of the previous option exercise.