Common use of Repurchase of Options Clause in Contracts

Repurchase of Options. XXXXXXXX has been granted the following stock options: Exercise Price per Option Share Option Shares Vested as of Grant Date share Quantity Termination Date April 28, 2007 $ 1.00 65,625 65,625 April 28, 2007, repriced February 1, 2008 $ 0.33 109,375 65,625 On the Effective Date, Kreido will repurchase all Options to purchase shares of Kreido common stock from XXXXXXXX for $175.00.

Appears in 1 contract

Samples: Separation Agreement and General Release (Kreido Biofuels, Inc.)

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Repurchase of Options. XXXXXXXX has been BINNINGER xxx xxxx granted the following stock options: Exercise Option Shares Price per Option Share Option Shares Vested as of Grant Date share Quantity Termination Date April 2815, 2009 July 1, 1999 $ 0.09 33,848 33,848 July 26, 2007 $ 1.00 65,625 65,625 April 280.44 100,000 100,000 July 29, 2007, 2007 repriced February 1, 2008 $ 0.33 109,375 65,625 25,000 25,000 December 10, 2007 0.30 1,250,000 1,250,000 On the Effective Date, Kreido will repurchase all Options to purchase shares of Kreido common stock from XXXXXXXX for BINNINGER xxx $175.000,050.00.

Appears in 1 contract

Samples: Separation Agreement and General Release (Kreido Biofuels, Inc.)

Repurchase of Options. XXXXXXXX MCGREVY has been granted the following stock options: Exercise Price per Option Share Option Shares Vested as of Grant Date share Quantity Termination Effective Date April 281, 2005 $ 0.09 270,781 270,781 April 10, 2007 $ 1.00 65,625 65,625 1.20 308,125 308,125 April 2810, 2007, repriced February 1, 2008 $ 0.33 109,375 65,625 271,875 163,125 On the Effective Date, Kreido will repurchase all Options to purchase shares of Kreido common stock from XXXXXXXX MCGREVY for $175.00750.00.

Appears in 1 contract

Samples: Separation Agreement and General Release (Kreido Biofuels, Inc.)

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Repurchase of Options. XXXXXXXX XXXXXXXXXXXXX has been granted the following stock options: Exercise Option Shares Price per Option Share Option Shares Vested as of Grant Date share Quantity Termination Date April 2817, 2000 $ 0.09 270,781 270,781 April 4, 2007 $ 1.00 65,625 65,625 1.18 308,125 308,125 April 284, 2007, repriced February 1, 2008 $ 0.33 109,375 65,625 271,875 217,500 On the Effective Date, Kreido will repurchase all Options to purchase shares of Kreido common stock from XXXXXXXX XXXXXXXXXXXXX for $175.001,000.00.

Appears in 1 contract

Samples: Separation Agreement and General Release (Kreido Biofuels, Inc.)

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