Naturade, Inc. 7110 East Jackson Street Paramount, California 90723 March 2, 1998Ceo Agreement • May 15th, 1998 • Naturade Inc • Pharmaceutical preparations
In consideration for services you will provide to the Company, the Company hereby grants to you, pursuant to the Plan, options to acquire ("Options") up to 255,000 shares of Common Stock, such grant to be effective as of March 2, 1998 (the "Effective Date"). The purchase price of one share of Common Stock under each Option (the "Exercise Price") shall be equal to the average closing bid prices of the shares of Common Stock on the NASDAQ OTC Bulletin Board as quoted by Bloomberg, LP for the five (5) day trading period ending on the Effective Date. The Options will vest in four equal portions on each of the first four anniversaries of the Effective Date, subject to any limitations on exercise contained in the Plan provided that the Term (as defined in the CEO Agreement) shall not have ended prior to such anniversary. Notwithstanding the foregoing, in the event of any sale (including, without limitation, pursuant to either a tender offer or a merger of Company which results in the shareho
EMPLOYMENT AGREEMENT This Employment Agreement (this "Agreement") between NATURADE, INC., a Delaware corporation ("Company"), and BILL D. STEWART, an individual ("Stewart"). PRELIMINARY STATEMENT Company wishes to engage Stewart as its Chief Executive...Employment Agreement • May 15th, 1998 • Naturade Inc • Pharmaceutical preparations • California
