Common use of Incentive Stock Option Plan Clause in Contracts

Incentive Stock Option Plan. The Parties agree that an incentive stock option plan, or other agreed to method, providing for reasonable incentive to management of Company that are directly involved in the Business would be beneficial to the Company, and agree to cooperate in good faith with a view towards establishing such a plan within ninety (90) days after the Closing Date on terms mutually agreed by the Parties.

Appears in 3 contracts

Samples: Master Joint Venture and Territorial License Agreement (GBT Technologies Inc.), Joint Venture and Territorial License Agreement (GBT Technologies Inc.), Joint Venture Agreement (GBT Technologies Inc.)

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Incentive Stock Option Plan. The Parties agree that an incentive stock option plan, or other agreed to method, providing for reasonable incentive to management of Company that are directly involved in the Business would be beneficial to the CompanyTokenize, and agree to cooperate in good faith with a view towards establishing such a plan within ninety (90) days after the Closing Date on terms mutually agreed by the Parties.

Appears in 1 contract

Samples: Joint Venture Agreement (GBT Technologies Inc.)

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