Term of the Options. Subject to the earlier termination provisions set forth in the Stock Option Agreement, the Option shall have a term of ten (10) years from the date hereof. The granting of the Options shall be effective only upon delivery of a fully executed Stock Option Agreement.
Appears in 3 contracts
Samples: Nonstatutory Stock Option Agreement (New Energy Technologies, Inc.), Nonstatutory Stock Option Agreement (New Energy Technologies, Inc.), Nonstatutory Stock Option Agreement (New Energy Technologies, Inc.)
Term of the Options. Subject to the earlier termination provisions set forth in the Stock Option Agreement, the Option shall have a term of ten five (105) years from the date hereofsuch Options vest. The granting of the Options shall be effective only upon delivery of a fully executed Stock Option Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Armada Oil, Inc.), Employment Agreement (Armada Oil, Inc.)
