Bonus Stock Options. Within sixty (60) days after the Securities and Exchange Commission declares the Registration Statement on Form S-1 to be filed by Employer, effective, Employee will be issued an Incentive Stock Option (“ISO”) to purchase up to Seven Hundred Thousand (700,000) shares of Employer’s common stock. The ISO will have an exercise price equal to 85% of the fair market value of the Employer’s common stock on the date of grant. The ISO will vest according to the following schedule:
Appears in 4 contracts
Samples: Employment Agreement (SearchCore, Inc.), Employment Agreement (General Cannabis, Inc.), Employment Agreement (General Cannabis, Inc.)
