Common use of Additional Awards Clause in Contracts

Additional Awards. In the event that the Company elects from time to time during the Term of Employment to award to all of its senior management and executives options to purchase shares of the Company’s stock pursuant to any stock option plan or similar program, the Executive shall be entitled to participate in any such stock option plan or similar program on a basis consistent with the participation of other senior management and executives of the Company.

Appears in 2 contracts

Sources: Employment Agreement (COMMITTED CAPITAL ACQUISITION Corp), Employment Agreement (COMMITTED CAPITAL ACQUISITION Corp)