Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water Systems, Inc. By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company and represents that Optionee is familiar with the terms and provisions of the Plan, and hereby accepts the Option subject to all of the terms and provisions of the Plan. Optionee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all of the terms and provisions of the Option and this Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth above: /s/ Xxxxx Xxxxxxxx Name: Xxxxx Xxxxxxxx Address: 00 Xxxxxx Xxxxx Xxxxxx Xxx, XX 00000
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (PureSafe Water Systems, Inc.), Incentive Stock Option Agreement (PureSafe Water Systems, Inc.)
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water Systems, Inc. By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company and represents that Optionee is familiar with the terms and provisions of the Plan, and hereby accepts the Option subject to all of the terms and provisions of the Plan. Optionee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all of the terms and provisions of the Option and this Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth above: /s/ Xxxxx Xxxxxxxx Xx Xxxxxx Name: Xxxxx Xxxxxxxx Xx Xxxxxx Address: 00 Xxxxxx 000 XX 000 Xxx Xxxxx Xxxxxx XxxXxxxxxx, XX 00000
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (PureSafe Water Systems, Inc.), Incentive Stock Option Agreement (PureSafe Water Systems, Inc.)
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water Systems, Inc. By: /s/ Xxxxxx Xxxxx X. Xxxxxxx Xxxxxx Xxxxx Xxxxx X. Xxxxxxx, President Xxxxx Chief Financial Officer OPTIONEE ACKNOWLEDGEMENT OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company and represents that Optionee is familiar with the terms and provisions of the Plan, and hereby accepts the Option subject to all of the terms and provisions of the Plan. Optionee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all of the terms and provisions of the Option and this Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth above: /s/ Xxxxx Xxxxxxxx Xxxxxx X. Xxxxxxx Name: Xxxxx Xxxxxxxx Xxxxxx X. Xxxxxxx Address: 00 Xxxxxx Xxxxx Xxxxxx XxxXxxxxxxx Xxxx Xxxxxxx, XX 00000
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (PureSafe Water Systems, Inc.), Incentive Stock Option Agreement (PureSafe Water Systems, Inc.)
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water Systems, Inc. By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company and represents that Optionee is familiar with the terms and provisions of the Plan, and hereby accepts the Option subject to all of the terms and provisions of the Plan. Optionee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all of the terms and provisions of the Option and this Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth above: /s/ Xxxxx Xxxxxxxx X. Xxxxx Name: Xxxxx Xxxxxxxx X. Xxxxx Address: 00 Xxxxxx Xxxxx Xxxxxx XxxJericho, XX 00000NY 11753
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (PureSafe Water Systems, Inc.), Incentive Stock Option Agreement (PureSafe Water Systems, Inc.)
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water SystemsTyme Technologies, Inc. By: /s/ ________________________ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company and represents that Optionee is familiar with the terms and provisions of the Plan, and hereby accepts the Option subject to all of the terms and provisions of the Plan. Optionee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all of the terms and provisions of the Option and this Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth above: /s/ Xxxxx Xxxxxxxx Name: Xxxxx Xxxxxxxx Xxxxxx Xxxxxx IV Address: 00 Xxxxxx Xxxxx Xxxxxx Xxx320 Xxxx Xxxxxxx Xxxx Xxxxxxxxxxxx, XX Xxxxxxxxxxxx 00000
Appears in 1 contract
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water SystemsTyme Technologies, Inc. By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company and represents that Optionee is familiar with the terms and provisions of the Plan, and hereby accepts the Option subject to all of the terms and provisions of the Plan. Optionee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all of the terms and provisions of the Option and this Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth above: /s/ Xxxxx Xxxxxxxx Xxxxxx Xxxxxx Name: Xxxxx Xxxxxxxx Xxxxxx Xxxxxx IV Address: 00 Xxxxxx Xxxxx Xxxxxx Xxx000 Xxxx Xxxxxxx Xxxx Xxxxxxxxxxxx, XX Xxxxxxxxxxxx 00000
Appears in 1 contract
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, understands that if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s 's current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water SystemsMTM TECHNOLOGIES, Inc. INC. By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT ------------------------------------ Name: Title: OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS STOCK OPTION AWARD AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S 'S RIGHT OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, 'S RIGHT TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company thereto and represents that Optionee is familiar with the terms and provisions of the Planthereof, and hereby accepts the Option subject to all of the terms and provisions of the Planthereof. Optionee has reviewed the Plan and this Agreement agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement agreement and fully understands all of the terms and provisions of the Option and this Agreementagreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth aboveGrant: /s/ Xxxxx Xxxxxxxx By: --------------------------------- Name: Xxxxx Xxxxxxxx --------------------------------- Address: 00 Xxxxxx Xxxxx Xxxxxx Xxx, XX 00000---------------------------------
Appears in 1 contract
Samples: Stock Option Award Agreement (MTM Technologies, Inc.)
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, understands that if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s 's current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water SystemsMTM TECHNOLOGIES, Inc. INC. By: /s/ Name: Jxxx X. Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT Title: SVP & General Counsel OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS STOCK OPTION AWARD AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S 'S RIGHT OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, 'S RIGHT TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company thereto and represents that Optionee is familiar with the terms and provisions of the Planthereof, and hereby accepts the Option subject to all of the terms and provisions of the Planthereof. Optionee has reviewed the Plan and this Agreement agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement agreement and fully understands all of the terms and provisions of the Option and this Agreementagreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth aboveGrant: /s/ Xxxxx Xxxxxxxx By: Name: Xxxxx Xxxxxxxx Fxxxxxx X. Xxxxxx Address: 00 Xxxxxx Xxxxx Xxxxxx Xxx, XX 00000:
Appears in 1 contract
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, understands that if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s 's current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water SystemsMTM TECHNOLOGIES, Inc. INC. By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT Name: Title: OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS STOCK OPTION AWARD AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S 'S RIGHT OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, 'S RIGHT TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company thereto and represents that Optionee is familiar with the terms and provisions of the Planthereof, and hereby accepts the Option subject to all of the terms and provisions of the Planthereof. Optionee has reviewed the Plan and this Agreement agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement agreement and fully understands all of the terms and provisions of the Option and this Agreementagreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth aboveGrant: /s/ Xxxxx Xxxxxxxx By: Name: Xxxxx Xxxxxxxx Address: 00 Xxxxxx Xxxxx Xxxxxx Xxx, XX 00000:
Appears in 1 contract
Samples: Stock Option Award Agreement (MTM Technologies, Inc.)
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, understands that if Optionee he disposes of any Shares received under the this Option within two (2) years after the Date date of Grant this Agreement or within one (1) year after such Shares were transferred to Optioneehim, Optionee may he will be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with an amount generally measured by the Code difference between the price paid for the Shares and applicable state lawthe lower of the fair market value of the Shares at the date of the exercise or the fair market value of the Shares at the date of disposition. The amount of such ordinary income may be measured differently if Optionee is an officer, director or 10% shareholder of the Company, or if the Shares were subject to a substantial risk of forfeiture at the time they were transferred to Optionee. Optionee hereby agrees to notify the Company in writing within thirty 30 days after the date of any such disposition. Optionee authorizes understands that if he disposes of such Shares at any time after the Company to withhold tax from Optionee’s current compensation with respect to expiration of such two-year and one-year holding periods, any income recognized gain on such sale will be taxed as long-term capital gain. MEGATEST CORPORATION a result of any such disposition. PureSafe Water Systems, Inc. Delaware Corporation By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT Title: OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY VESTING OF THE SHARES SUBJECT PURSUANT TO THIS AGREEMENT AND THE OPTION SECTION 3 HEREOF IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE THIS OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS AGREES THAT NOTHING IN THIS AGREEMENT, NOR IN THE COMPANY'S STOCK OPTION PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S HIS RIGHT OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, 'S RIGHT TO TERMINATE HIS EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company thereto and represents that Optionee he is familiar with the terms and provisions of the Planthereof, and hereby accepts the this Option subject to all of the terms and provisions of the Planthereof. Optionee has reviewed the Plan and this Agreement Option in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement Option and fully understands all of the terms and provisions of the Option and this AgreementOption. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee Board upon any questions rising arising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth aboveDated: /s/ Xxxxx Xxxxxxxx Name: Xxxxx Xxxxxxxx _________________ ______________________________ Optionee Residence Address: 00 Xxxxxx Xxxxx Xxxxxx Xxx, XX 00000______________________________ ______________________________
Appears in 1 contract
Samples: Megatest Corp
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water SystemsTyme Technologies, Inc. By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company and represents that Optionee is familiar with the terms and provisions of the Plan, and hereby accepts the Option subject to all of the terms and provisions of the Plan. Optionee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all of the terms and provisions of the Option and this Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth above: /s/ Xxxxx Xxxxxxxx Name: Xxxxx Xxxxxxxx Xxxxxx Xxxxxx IV Address: 00 Xxxxxx Xxxxx Xxxxxx Xxx000 Xxxx Xxxxxxx Xxxx Xxxxxxxxxxxx, XX Xxxxxxxxxxxx 00000
Appears in 1 contract
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, understands that if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s 's current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water SystemsMTM TECHNOLOGIES, Inc. INC. By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT Francis J. Alfano ------------------------------- Name: Francis J. Alfano Titxx: Xxxxx Xxxxxxxve Officer OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS STOCK OPTION AWARD AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S 'S RIGHT OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, 'S RIGHT TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company thereto and represents that Optionee is familiar with the terms and provisions of the Planthereof, and hereby accepts the Option subject to all of the terms and provisions of the Planthereof. Optionee has reviewed the Plan and this Agreement agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement agreement and fully understands all of the terms and provisions of the Option and this Agreementagreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth aboveGrant: By: /s/ Xxxxx Xxxxxxxx Steve Stringer --------------------------------- Name: Xxxxx Xxxxxxxx AddressXxringer --------------------------------- Addresx: 00 Xxxxxx Xxxxx Xxxxxx Xxx, XX 00000---------------------------------
Appears in 1 contract
Samples: MTM Technologies, Inc.
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, understands that if Optionee he disposes of any Shares received under the this Option within two (2) years after the Date date of Grant this Agreement or within one (1) year after such Shares were transferred to Optioneehim, Optionee may he will be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with an amount generally measured by the Code difference between the price paid for the Shares and applicable state lawthe lower of the fair market value of the Shares at the date of the exercise or the fair market value of the Shares at the date of disposition. The amount of such ordinary income may be measured differently if Optionee is an officer, director or 10% shareholder of the Company, or if the Shares were subject to a substantial risk of forfeiture at the time they were transferred to Optionee. Optionee hereby agrees to notify the Company in writing within thirty 30 days after the date of any such disposition. Optionee authorizes understands that if he disposes of such Shares at any time after the Company to withhold tax from Optionee’s current compensation with respect to expiration of such two-year and one-year holding periods, any income recognized gain on such sale will be taxed as long-term capital gain. DATE OF GRANT: VESTING START DATE: FINISAR CORPORATION a result of any such disposition. PureSafe Water Systems, Inc. California corporation By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT Title: OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY VESTING OF THE SHARES SUBJECT PURSUANT TO THIS AGREEMENT AND THE OPTION SECTION 3 HEREOF IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE THIS OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS AGREES THAT NOTHING IN THIS AGREEMENT, NOR IN THE COMPANY'S STOCK OPTION PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S HIS RIGHT OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, 'S RIGHT TO TERMINATE HIS EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company thereto and represents that Optionee he is familiar with the terms and provisions of the Planthereof, and hereby accepts the this Option subject to all of the terms and provisions of the Planthereof. Optionee has reviewed the Plan and this Agreement Option in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement Option and fully understands all of the terms and provisions of the Option and this AgreementOption. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee Board upon any questions rising arising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth aboveOPTIONEE Dated: /s/ Xxxxx Xxxxxxxx Name: Xxxxx Xxxxxxxx Signature Residence Address: 00 Xxxxxx Xxxxx Xxxxxx Xxx, XX 00000:
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Early Disposition of Stock. By accepting this Agreement and The Optionee understands that if the Option, Optionee acknowledges and confirms that, if Optionee disposes of any Shares shares received under the this Option within two years after the Date date of Grant this Incentive Stock Option Agreement or within one year after such Shares were shares are transferred to the Optionee, the Optionee may will be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with that disqualifying disposition, the Code amount of income generally being measured by the difference between the price paid for the shares and applicable state lawthe lower of the fair market value of the shares at the date of the exercise or the fair market value of the shares at the date of the disqualifying disposition. But the amount of ordinary income may be measured differently if the Optionee is an officer, director, or 10% stockholder of Silver State, or if the shares are subject to a substantial risk of forfeiture at the time they are transferred to the Optionee. The Optionee hereby agrees to notify the Company Silver State in writing within thirty 30 days after the date of any such dispositiondisqualifying disposition by executing the Notice of Disqualifying Disposition in the form attached hereto as Exhibit B, which shall state the number of shares sold or transferred, the date the shares were sold or transferred, and the sale price, if applicable. The Optionee authorizes understands that if the Company Optionee disposes of shares after the expiration of the two-year and one-year holding periods, the gain on sale will be taxed as long-term capital gain. SILVER STATE BANCORP, a Nevada corporation By: Its: The Optionee acknowledges and agrees that the vesting of shares according to withhold tax from the Notice of Grant and section 3 of this Incentive Stock Option Agreement is earned solely by continuing employment with Silver State. The Optionee further acknowledges and agrees that nothing in this Incentive Stock Option Agreement or in Silver State’s 2006 Omnibus Equity Plan incorporated herein by reference confers upon the Optionee any right to continued employment by Silver State, nor shall it interfere in any way with’the Optionee’s current compensation right or Silver State’s right to terminate the Optionee’s employment at any time, with respect to any income recognized as a result of any such dispositionor without cause. PureSafe Water Systems, Inc. By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. The Optionee acknowledges receipt of a copy of the Plan and certain related information related to this Plan and Company and represents that the Optionee is familiar with the terms and provisions of the Plan, and those documents. The Optionee hereby accepts the this Option subject to all of the those terms and provisions of the Planprovisions. Optionee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all of the terms and provisions of the Option and this Agreement. The Optionee hereby agrees to accept as binding, conclusive conclusive, and final all decisions or interpretations of the Committee committee upon any questions rising arising under the Plan. The Optionee further agrees to notify the Company upon Silver State of any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth aboveDated: /s/ Xxxxx Xxxxxxxx OPTIONEE Print Name: Xxxxx Xxxxxxxx Resident’s Address: 00 Xxxxxx Xxxxx Xxxxxx Xxx, XX 00000Exhibit A NOTICE OF EXERCISE To: Silver State Bancorp Attn: Plan Committee
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Silver State Bancorp)
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, understands that if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water SystemsMTM TECHNOLOGIES, Inc. INC. By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT ______________________ Name: Title: OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS STOCK OPTION AWARD AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S RIGHT OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, RIGHT TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company thereto and represents that Optionee is familiar with the terms and provisions of the Planthereof, and hereby accepts the Option subject to all of the terms and provisions of the Planthereof. Optionee has reviewed the Plan and this Agreement agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement agreement and fully understands all of the terms and provisions of the Option and this Agreementagreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth aboveGrant: /s/ Xxxxx Xxxxxxxx By: Name: Xxxxx Xxxxxx Xxxxxxxx Address: 00 Exhibit D MTM Technologies, Inc. 2004 Equity Incentive Plan Restricted Stock Unit Award Agreement MTM Technologies, Inc., a New York corporation formerly known as Micros-to-Mainframes, Inc. (the “Company”), pursuant to Section 4.1(f) of the Micros-to-Mainframes, Inc. 2004 Equity Incentive Plan (the “Plan”), has granted to Xxxxxx Xxxxx Xxxxxx XxxXxxxxxxx (the “Grantee”) a total of 20,000 restricted stock units (the “Units”) with respect to a total of 20,000 shares (the “Shares”) of the common stock, XX 00000par value $.001 per share (the “Common Stock”), of the Company, on the terms and conditions set forth herein and, in all respects, subject to the terms and conditions of the Plan. The date of grant of the Units is August 10, 2006 (the “Date of Grant”). Unless otherwise defined herein, capitalized terms defined in the Plan shall have the same defined meanings herein.
Appears in 1 contract
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water SystemsTyme Technologies, Inc. By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company and represents that Optionee is familiar with the terms and provisions of the Plan, and hereby accepts the Option subject to all of the terms and provisions of the Plan. Optionee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all of the terms and provisions of the Option and this Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth above: /s/ Xxxxx Xxxxxxxx Xxxxxx Xxxxxx IV Name: Xxxxx Xxxxxxxx Xxxxxx Xxxxxx IV Address: 00 Xxxxxx Xxxxx Xxxxxx Xxx000 Xxxx Xxxxxxx Xxxx Xxxxxxxxxxxx, XX Xxxxxxxxxxxx 00000
Appears in 1 contract
Early Disposition of Stock. By accepting this Agreement and the Option, Optionee acknowledges and confirms that, understands that if Optionee disposes of any Shares received under the Option within two years after the Date of Grant or within one year after such Shares were transferred to Optionee, Optionee may be treated for federal and state income tax purposes as having received ordinary income at the time of such disposition as determined in accordance with the Code and applicable state law. Optionee hereby agrees to notify the Company in writing within thirty days after the date of any such disposition. Optionee authorizes the Company to withhold tax from Optionee’s 's current compensation with respect to any income recognized as a result of any such disposition. PureSafe Water SystemsMTM TECHNOLOGIES, Inc. INC. By: /s/ Xxxxxx X. Xxxxxxx Xxxxxx X. Xxxxxxx, President OPTIONEE ACKNOWLEDGEMENT Francis J. Alfano -------------------------------- Name: Francis J. Alfano Xxxxx: Xxxxx Xxxxutive Officer OPTIONEE ACKNOWLEDGES AND AGREES THAT THE EXERCISABILITY OF THE SHARES SUBJECT TO THIS AGREEMENT AND THE OPTION IS EARNED ONLY BY CONTINUING EMPLOYMENT OR CONSULTANCY AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND CONFIRMS THAT NOTHING IN THIS STOCK OPTION AWARD AGREEMENT, NOR IN THE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S 'S RIGHT OR THE COMPANY’S RIGHT, SUBJECT TO OPTIONEE’S AND THE COMPANY’S RIGHTS UNDER OTHER AGREEMENTS, IF ANY, WITH THE COMPANY, 'S RIGHT TO TERMINATE EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. Optionee acknowledges receipt of a copy of the Plan and certain information related to this Plan and Company thereto and represents that Optionee is familiar with the terms and provisions of the Planthereof, and hereby accepts the Option subject to all of the terms and provisions of the Planthereof. Optionee has reviewed the Plan and this Agreement agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement agreement and fully understands all of the terms and provisions of the Option and this Agreementagreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions rising under the Plan. Optionee further agrees to notify the Company upon any change in the residence address indicated below. further agrees to notify the Company upon any change in the residence address indicated below. Accepted and agreed as of the Date of Grant as first set forth aboveGrant: By: /s/ Xxxxx Xxxxxxxx Thomas R. Flink ----------------------------------------- Name: Xxxxx Xxxxxxxx Address: 00 Xxxxxx Xxxxx Xxxxxx Xxx, XX 00000---------------------------------------
Appears in 1 contract
Samples: MTM Technologies, Inc.