Common use of Employee Incentives Clause in Contracts

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)

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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)

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