Common use of Consideration for Amendment Clause in Contracts

Consideration for Amendment. For Employee entering into this Amendment, Caneum shall grant to Employee fully vested, ten-year options to purchase 125,000 shares of common stock under Caneum’s 2002 Stock Option/Stock Issuance Plan. The exercise price of the options shall be the ten-day average closing price of the common stock preceding the date of this Amendment.

Appears in 2 contracts

Sources: Employment Agreement (Caneum Inc), Employment Agreement (Caneum Inc)