Additional Option Grants. Executive shall receive additional grants of options, stock appreciation rights, phantom stock rights, and any similar option or securities or equity compensation when and as such grants are considered for other executives or employees of the Company in amount equal to 10% of the total number of options granted to all executives and employees in any calendar year during the term of this contract beginning in 2003.
Appears in 2 contracts
Sources: Employment Agreement (Gasco Energy Inc), Employment Agreement (Gasco Energy Inc)