Common use of Stock Option Clause in Contracts

Stock Option. The Company agrees to issue the Employee an option to purchase up to 1,000,000 shares of common stock of the Company per year at any time prior to the conclusion of the first year of the Agreement, i.e. prior to 365 days after execution of the Agreement, at a price of $0.05 per share, and annually thereafter for a total of 5 consecutive years. The shares purchased under this option shall be considered subject to all rights and restrictions set forth in this Schedule.

Stock Option. The Company agrees to issue the Employee an option to purchase up to 1,000,000 shares of common stock of the Company per year at any time prior to the conclusion of the first year of the Agreement, i.e. prior to 365 days after execution of the Agreement, at a price of $0.05 0.50 per share, and annually thereafter for . Prior to issuing the shares the funds owed through a total third party arrangement must be paid. The Chairman of 5 consecutive yearsthe Board must certify that these funds have been paid. The shares purchased under this option shall be considered subject to all rights and restrictions set forth in this Schedule.

Stock Option. The Company agrees to issue the Employee an option to purchase up to 1,000,000 10,000,000 shares of common stock of the Company per year at any time prior to the conclusion of the first year of the Agreement, i.e. prior to 365 days after execution of the Agreement, at a price of $0.05 .005 per share, share and annually thereafter for a total of 5 consecutive years. The shares purchased under this option shall be considered subject to all rights and restrictions set forth in this Schedule.

Stock Option. The Upon successful completion of employment each year, the Company agrees to issue the Employee an option to purchase up to 1,000,000 100,000 shares of common stock of the Company per year at any time prior for four years. Annually in the year 2016, during the period December 1 to December 31 of each year, the conclusion of the first year of the Agreement, i.e. prior employee may purchase up to 365 days after execution of the Agreement, 100,000 shares at a price of $0.05 0.50 per share, and annually thereafter for a total of 5 consecutive years. The shares purchased under this option shall be considered subject to all rights and restrictions set forth in this Schedule.