Common use of Additional Compensation to Executive Clause in Contracts

Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 250,000 (Two Hundred Fifty Thousand) stock options at a price of .18 cents (Eighteen cents) per share of CALYPSO per year for the duration of this Employment Agreement and providing that she is not terminated pursuant to the provisions of paragraph 14 (B), and will be fully vested if there is a change in control pursuant to paragraph 15.

Appears in 2 contracts

Samples: Executive Employment Agreement (Calypso Wireless Inc), Executive Employment Agreement (Calypso Wireless Inc)

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Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 250,000 200,000 (Two Hundred Fifty Thousand) stock options at a price of .18 .75 cents (Eighteen cents) per share of CALYPSO per year for the duration of this Employment Agreement that shall vest pursuant to a pro-rated vesting schedule attached a exhibit "A" and providing that she he is not terminated pursuant to the provisions of paragraph 14 (B), and will be fully vested if there is a change in control pursuant to paragraph 15.

Appears in 1 contract

Samples: Executive Employment Agreement (Calypso Wireless Inc)

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Additional Compensation to Executive. In addition to the compensation stated above, Executive shall receive 250,000 (Two Hundred Fifty Thousand) stock options at a price of .18 $ 0.75 cents (Eighteen centsSeventy Five Cents) per share of CALYPSO per year for the duration of this Employment Agreement that shall vest pursuant to a pro-rated vesting schedule attached a exhibit "A" and providing that she he is not terminated pursuant to the provisions of paragraph 14 (B), and will be fully vested if there is a change in control pursuant to paragraph 15.

Appears in 1 contract

Samples: Executive Employment Agreement (Calypso Wireless Inc)

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