Common use of Commitment Options Clause in Contracts

Commitment Options. Effective as of the date hereof, the Company grants to the Contractor Options to purchase 1,200,000 shares of Common Stock (the "Commitment Options") at an Option Price of $ .01 per share. The Commitment Options are fully vested upon the date of grant.

Appears in 2 contracts

Sources: Consulting Agreement (Compost America Holding Co Inc), Consulting Agreement (Compost America Holding Co Inc)