Common use of Shares and Stock Options Clause in Contracts

Shares and Stock Options. (a) The Executive shall be entitled to participate in all shares and stock option plans of the Group (the “Plans”) in effect during the Term of this Agreement. (b) Upon execution of this Agreement, the Group will issue Executive stock options, pursuant to a stock option agreement to be entered into between the Group and the Executive (the “Options”), to purchase on execution of this Agreement and thereafter at the end of each anniversary of this Agreement 850,000 shares of the Company’s common stock, $0.001 par value per share (“Common Stock”) at an exercise price of 1 (one) US cent.

Shares and Stock Options. (a) The Executive Advisor shall be entitled to participate in all shares and stock option plans of the Group Company (the “Plans”) in effect during the Term of this Agreement. (b) Upon execution of this Agreement, the Group Company will issue Executive Advisor stock options, pursuant to a stock option agreement to be entered into between the Group Company and the Executive Advisor (the “Options”), to purchase on execution of this Agreement and thereafter at the end of each anniversary of this Agreement 850,000 shares of the Company’s common stock, $0.001 par value per share (“Common Stock”) at an exercise price of 1 1, (one) US cent.

Shares and Stock Options. (a) The Executive shall be entitled to participate in all shares and stock option plans of the Group Company (the “Plans”) in effect during the Term of this Agreement. (b) Upon execution of this Agreement, the Group Company will issue Executive stock options, pursuant to a stock option agreement to be entered into between the Group Company and the Executive (the “Options”), to purchase on execution of this Agreement and thereafter at the end of each anniversary of this Agreement 850,000 950,000 shares of the Company’s common stock, $0.001 par value per share (“Common Stock”) at an exercise price of 1 1, (one) US cent.

Shares and Stock Options. (a) The Executive shall be entitled to participate in all shares and stock option plans of the Group Company (the “Plans”) in effect during the Term of this Agreement. (b) Upon execution of this Agreement, the Group Company will issue Executive stock options, pursuant to a stock option agreement to be entered into between the Group Company and the Executive (the “Options”), to purchase on execution of this Agreement and thereafter at the end of each anniversary of this Agreement 850,000 shares of the Company’s common stock, $0.001 par value per share (“Common Stock”) at an exercise price of 1 1, (one) US cent.