Common use of Founder’s Grant Clause in Contracts

Founder’s Grant. You shall receive a Founders' Grant of options to purchase 400,000 shares of the common stock of Verizon Communications. 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. 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 400,000 650,000 shares of the Verizon common stock of Verizon Communicationsstock. 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. If you do not timely execute this Agreement, you shall not receive Your rights under the Founders' Grant.Grant following the termination of your employment shall be governed by paragraph 13 ("Termination Of Service") and by said Exhibit A.

Founder’s Grant. You shall receive a Founders' Grant of options to purchase 400,000 130,000 shares of the Verizon common stock of Verizon Communicationsstock. 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. If you do not timely execute this Agreement, you shall not receive the Founders' Grant.