Cancellation of Incentive Stock Options Sample Contracts

AGREEMENT OF CANCELLATION OF INCENTIVE STOCK OPTIONS
Cancellation of Incentive Stock Options • July 22nd, 2016 • Golden Enterprises Inc • Miscellaneous food preparations & kindred products • Alabama

This Agreement of Cancellation of Incentive Stock Options (“Cancellation Agreement”) is entered into by and between Golden Enterprises, Inc., a Delaware corporation (the “Company”), and Paul R. Bates (the “Employee”) effective this 18th day of July, 2016.

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