Vesting and Exercise. Fifty percent (50%) of the options granted on the Grant Date shall be vested and exercisable from and after the Grant Date and the remaining fifty percent (50%) of the options granted on the Grant Date shall vest and become exercisable on the first anniversary of the Grant Date. Subsequent grants of stock options shall vest and be exercisable pursuant to the terms and conditions of the Stock Option Plan.
Appears in 8 contracts
Samples: Employment Agreement (Lifequest World Corp.), Employment Agreement (Lifequest World Corp.), Employment Agreement (Lifequest World Corp.)
