Common use of Stock Option Consideration Clause in Contracts

Stock Option Consideration. (a) As additional consideration for the services to be performed by the Employee hereunder, the Company shall grant the Employee, subject to the terms and conditions of the Company's 1999 Incentive Stock Option Plan, options to purchase such number of shares of Company's common stock on such dates as follows: OPTION GRANT DATE NUMBER OF SHARES ------------------- ------------------ October 31, 2000 20,000 October 31, 2001 20,000 October 31, 2002 20,000 October 31, 2003 20,000 October 31, 2004 20,000 (b) In the event that the Employee's employment hereunder is terminated during the Term hereof "for cause", as defined in Paragraph 9(c), the Employee shall not have the right to receive any of the Options referred to in Paragraph 8(a) whose Grant Date is after the date of such termination.