Common use of Stock Option Plan and Agreement Clause in Contracts

Stock Option Plan and Agreement. Concurrently with the execution of this Agreement and in consideration for the execution thereof, Employee and the Company shall develop, implement and enter into the Alternative Energy Development Corporation 2009 Stock Option Plan and Agreement, which represents a material inducement to Employee's willingness to enter into this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Alternative Energy Development Corp), Employment Agreement (Alternative Energy Development Corp), Employment Agreement (Alternative Energy Development Corp)

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Stock Option Plan and Agreement. Concurrently with the execution of this Agreement and in consideration for the execution thereof, Employee and the Company shall develop, implement and enter into the Alternative Energy Development Corporation 2009 2010 Stock Option Plan and Agreement, which represents a material inducement to Employee's willingness to enter into this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Alternative Energy Development Corp)

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