Qualifications for vesting a. At the time of the request must be a firefighter/paramedic and,
Qualifications for vesting. The Stock Options shall have the right to be activated for cumulative vesting by the Executive for all events meeting the qualifications for vesting requirements shown below after the Executive, Parent, and Company has entered into this Employment Contract as follows, 35,000 Options qualify the first year the annual revenue of the Company exceeds $3,000,000 plus 50,000 Options qualify the first year the annual revenue of the Company exceeds $6,000,000 plus 75,000 Options qualify the first year the annual revenue of the Company exceeds $12,000,000 plus 100,000 Options qualify the first year the annual revenue of the Company exceeds $20,000,000 plus _______ _______ 2 35,000 Options qualify each year when the adjusted annual EBIDTA of the Company exceeds $500,000 plus 50,000 Options qualify each year when the adjusted annual EBIDTA of the Company exceeds $1,000,000 plus 75,000 Options qualify each year when the adjusted annual EBIDTA of the Company exceeds $2,000,000 plus 100,000 Options qualify each year when the adjusted annual EBIDTA of the Company exceeds $3,000,000
Qualifications for vesting. The Stock Options shall have the right to be activated for vesting by the Executive for all events meeting the qualifications for vesting requirements shown below after the Executive, Parent, and Company has entered into this Employment Contract as follows, 50,000 Options qualify when the annual revenue of the Company exceeds $3,000,000 75,000 Options qualify when the annual revenue of the Company exceeds $6,000,000 100,000 Options qualify when the annual revenue of the Company exceeds $12,000,000 125,000 Options qualify when the annual revenue of the Company exceeds $20,000,000 50,000 Options qualify when the adjusted annual EBIDTA of the Company exceeds $500,000 75,000 Options qualify when the adjusted annual EBIDTA of the Company exceeds $1,000,000 100,000 Options qualify when the adjusted annual EBIDTA of the Company exceeds $2,000,000 125,000 Options qualify when the adjusted annual EBIDTA of the Company exceeds $3,000,000 50,000 Options qualify when the adjusted annual EBIDTA of Parent exceeds $1.00 positive 75,000 Options qualify when the adjusted annual EBIDTA of Parent exceeds $500,000 100,000 Options qualify when the adjusted annual EBIDTA of Parent exceeds $1,000,000 125,000 Options qualify when the adjusted annual EBIDTA of Parent exceeds $5,000,000 _______ _______ -2-
