Summary of Stock Option Grants to Non-Employee Directors (DeConcini, Doorley, Simon, Peters)
This document summarizes stock option grants awarded to non-employee directors Dennis W. DeConcini, Thomas L. Doorley, III, Ralph R. Simon, and James R. Peters. Each director receives options to purchase company shares at a specified exercise price, with vesting schedules that occur either on a set date or in quarterly installments over several years. The options have defined expiration dates. The agreement outlines the number of shares, exercise prices, vesting timelines, and expiration terms for each director's grant.
Exhibit 10.2
Summary of Option Grants to Non-Employee Directors
| Dennis W. DeConcini |
| 45,833 shares at an exercise price of $2.50 per share |
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| · 5,833 options to vest on June 8, 2006 |
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| · 40,000 options to vest in quarterly installments of 10,000 beginning September 8, 2006 through June 8, 2007 |
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| · Option term expires on April 28, 2016 |
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| Thomas L. Doorley, III |
| 135,833 shares at an exercise price of $2.50 per share |
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| · 5,833 options to vest on June 8, 2006 |
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| · 130,000 options to vest in quarterly installments of 16,250 beginning September 8, 2006 through June 8, 2008 |
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| · Option term expires on April 28, 2016 |
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| Ralph R. Simon |
| 158,333 shares at an exercise price of $2.50 per share |
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| · 8,333 options to vest on June 8, 2006 |
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| · 150,000 options to vest in quarterly installments of 12,500 beginning September 8, 2006 through June 8, 2009 |
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| · Option term expires on April 28, 2016 |
| James R. Peters |
| 150,000 shares at an exercise price of $1.95 per share |
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| · 150,000 options to vest in quarterly installments of 12,500 beginning October 3, 2006 through July 3, 2009 |
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| · Option term expires on July 3, 2012 |
