Employee Incentives. a. Incentive Stock Option. Employee shall receive 100,000 Incentive ------------------------- Stock Options with an exercise price of $ 5.00, as per Company's Stock Option plan. These Options will vest and become exercisable monthly on a pro rata basis beginning on the date of this agreement and ending on March 13, 2004.
Appears in 2 contracts
Samples: Employment Agreement (Esstec Inc), Employment Agreement (Esstec Inc)
Employee Incentives. a. Incentive Stock Option. Employee shall receive 100,000 50,000 Incentive ------------------------- Stock Options with an exercise price of $ 5.00, as per Company's Stock Option plan. These Options will vest and become exercisable monthly on a pro rata basis beginning on the date of this agreement and ending on March 13, 2004.as per following schedule:
Appears in 2 contracts
Samples: Employment Agreement (Esstec Inc), Employment Agreement (Esstec Inc)