Subsequent Options. A Non-Employee Director who # has been serving as a Non-Employee Director on the Board for at least six months as of the date of any annual meeting of the Company’s stockholders and # will continue to serve as a Non-Employee Director immediately following such meeting, shall be automatically granted a Subsequent Option on the date of such annual meeting. For the avoidance of doubt, a Non-Employee Director elected for the first time to the Board at an annual meeting of the Company’s stockholders shall only receive the Initial Option in connection with such election, and shall not receive a Subsequent Option on the date of such meeting as well.

Subsequent Options.Awards. A Non-Employee Director who # has been serving as a Non-Employee Director on the Board for at least six months as of the date of any annual meeting of the Company’s stockholders after the Effective Date and # will continue to serve as a Non-Employee Director immediately following such meeting, shall be automatically granted a Subsequent Optionreceive an option to purchase 39,875 shares of the Company’s common stock on the date of such annual meeting. The awards described in this [Section II(B)] shall be referred to as “Subsequent Awards.” For the avoidance of doubt, a Non-Employee Director elected for the first time to the Board at an annual meeting of the Company’s stockholders shall only receive thean Initial OptionAward in connection with such election, and shall not receive aany Subsequent OptionAward on the date of such meeting as well.

Subsequent Options.Awards. A Non-Employee Director who # has been serving as a Non-Employee Director on the Board for at least six months as of the date ofimmediately prior to any annual meeting of the Company’s stockholders on or after the Effective Date and # will continue to serve as a Non-Employee Director immediately following such meeting, shall be automatically granted a Subsequent Optiongranted, on the date of such annual meeting. For the avoidance of doubt, a Non-Employee Director elected for the first timemeeting, an option (a “Subsequent Award”) to the Board at an annual meeting of the Company’s stockholders shall only receive the Initial Option in connection with such election, and shall not receive a Subsequent Option on the date of such meeting as well.purchase 15,000 Shares.

Subsequent Options.Awards. A Non-Employee Director who # has beenis serving as a Non-Employee Director on the Board for at least six months as of the date of any annual meeting of the Company’s stockholders and has been serving as a Non-Employee Director for at least six months as of the date of such meeting, and # will continue to serve as a Non-Employee Director immediately following such meeting, shall be automatically granted a Subsequent Optionan option to purchase 17,500 shares of the Company’s common stock and 6,000 RSUs under the Equity Plan, or any other applicable Company equity incentive plan then-maintained by the Company on the date of such annual meeting. The awards described in this [Section 2(b)] shall be referred to as “Subsequent Awards.” For the avoidance of doubt, a Non-Employee Director elected for the first time to the Board at an annual meeting of the Company’s stockholders shall only receive thean Initial OptionAward in connection with such election, and shall not receive aany Subsequent OptionAward on the date of such meeting as well.

Subsequent Options.Awards. A Non-Employee Director who # has been serving as a Non-Employee Director on the Board for at least six months as of the date of any annual meeting of the Company’s stockholders after the Effective Date and # will continue to serve as a Non-Employee Director immediately following such meeting, shall be automatically granted a Subsequent Optionreceive on the date of such annual meeting.meeting an option to purchase the lesser of # 61,264 shares of the Company’s common stock or # the largest number of whole shares of the Company’s common stock that results in such option having a Black-Scholes Value not exceeding ​. The awards described in this [Section II(B)] shall be referred to as “Subsequent Awards.” For the avoidance of doubt, a Non-Employee Director elected for the first time to the Board at an annual meeting of the Company’s stockholders shall only receive thean Initial OptionAward in connection with such election, and shall not receive aany Subsequent OptionAward on the date of such meeting as well.

Initial Options. AEach Non-Employee Director who # has been serving as a Non-Employee Director onis initially elected or appointed to the Board for at least six months as ofshall receive the date of any annual meeting of the Company’s stockholders and # will continue to serve as a Non-Employee Director immediately following such meeting, shall be automatically granted a SubsequentInitial Option on the date of such annual meeting. For the avoidance of doubt, ainitial election or appointment. No Non-Employee Director elected for the first time to the Board at an annual meeting of the Company’s stockholders shall only receive thebe granted more than one Initial Option in connection with such election, and shall not receive a Subsequent Option on the date of such meeting as well.Option.