Incentive Options Plan. During the term of employment under this Agreement, Employee will participate in incentive option plan established by the Board including, without limitation, the Company's 2019 Option Plan. Employee will receive common stock options exercisable at $1.00 per share to be vested on the following schedule: 30% immediately, 30% in Year 1, 30% in Year 2 and 10% in Year 3.
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Samples: Employment Agreement (Stratus Capital Corp), Employment Agreement (Stratus Capital Corp), Employment Agreement (Stratus Capital Corp)
Incentive Options Plan. During the term of employment under this Agreement, Employee will participate in incentive option plan established by the Board including, without limitation, the Company's 2019 2001 Option Plan. Employee will receive 100,000 common stock options exercisable at $1.00 per share to be vested on the following schedule: 30% immediately, 30% in Year 1, 30% in Year 2 and 10% in Year 3.
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