Each Non-Employee Director who is initially elected or appointed to the Board shall be eligible to receive an option to purchase 30 ,000 shares of the Company’s common stock (subject to adjustment as provided in the Equity Plan) on the date of such initial election or appointment. The awards described in this Section 2(a) shall be referred to as “ Initial Awards .” No Non-Employee Director shall be granted more than one (1) Initial Award.
initial awards