Common use of Retention Stock Clause in Contracts

Retention Stock. (1) On July 8, 1999 the Board of Directors approved a stock grant of 10,000 options that completely vest one year from the grant date (July 8, 1999), if the Executive is actively employed on July 31, 2000. You will continue to be eligible for additional stock grants at the end of the fiscal year when we review all the executives.

Appears in 3 contracts

Samples: Executive Employment Agreement (Inference Corp /Ca/), Executive Employment Agreement (Inference Corp /Ca/), Executive Employment Agreement (Inference Corp /Ca/)

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Retention Stock. (1) On July 8, 1999 the Board of Directors approved a stock grant of 10,000 7,500 options that completely vest one year from the grant date (July 8, 1999), if the Executive is actively employed on July 31, 2000. You will continue to be eligible for additional stock grants at the end of the fiscal year when we review all the executives.

Appears in 2 contracts

Samples: Executive Employment Agreement (Inference Corp /Ca/), Executive Employment Agreement (Inference Corp /Ca/)

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Retention Stock. (1) On July 8, 1999 the Board of Directors approved a stock grant of 10,000 5,000 options that completely vest one year from the grant date (July 8, 1999), if the Executive is actively employed on July 31, 2000. You will continue to be eligible for additional stock grants at the end of the fiscal year when we review all the executives.

Appears in 1 contract

Samples: Executive Employment Agreement (Inference Corp /Ca/)

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