Common use of Founder’s Grant Clause in Contracts

Founder’s Grant. You shall receive a Founders' Grant of options to purchase 450,000 shares of Verizon common stock. The Founders' Grant is contingent on your timely execution of this Agreement. The terms of the Founders' Grant are set forth in the instrument governing the Founders' Grant attached hereto as Exhibit A, which is incorporated herein by reference. Your rights under the Founders' Grant following the termination of your employment shall be governed by paragraph 13 ("Termination Of Employment") and by said Exhibit A. If you do not timely execute this Agreement, you shall not receive the Founders' Grant.

Founder’s Grant. You shall receive a Founders' Grant of options to purchase 450,000 400,000 shares of the common stock of Verizon common stockCommunications. The Founders' Grant is contingent on your timely execution of this Agreement. The terms of the Founders' Grant are set forth in the instrument governing the Founders' Grant attached hereto as Exhibit A, which is incorporated herein by reference. Your rights under the Founders' Grant following the termination of your you employment shall be governed by paragraph 13 ("Termination Of of Employment") and by said Exhibit A. If you do not timely execute this Agreement, you shall not receive the Founders' Grant.

Founder’s Grant. You shall receive a Founders' Grant of options to purchase 450,000 300,000 shares of Verizon common stock. The Founders' Grant is contingent on your timely execution of this Agreement. The terms of the Founders' Grant are set forth in the instrument governing the Founders' Grant attached hereto as Exhibit A, which is incorporated herein by reference. Your rights under the Founders' Grant following the termination of your employment shall be governed by paragraph 13 ("Termination Of Employment") and by said Exhibit A. If you do not timely execute this Agreement, you shall not receive the Founders' Grant.