XXXXXXXS. Optionee is an independent contractor for the Company. The Board of Directors of the Company has designated Optionee to be awarded Option Rights as more fully described in this Stock Option Agreement (the "Agreement").
XXXXXXXS. The headings of the sections contained in this Agreement are for convenience only and shall not be deemed to control or affect the meaning or construction of any provision of this Agreement.
XXXXXXXS. The headings contained hexxxx xxx xxx xhe sole purpose of convenience of reference, and shall not in any way limit or affect the meaning or interpretation of any of the terms or provisions of this Agreement.
XXXXXXXS. 1.1. The Company is a New Jersey corporation which, simultaneously herewith, has acquired the Trade Secrets and the Assets of UltraHue, Inc.
XXXXXXXS. The Company and the Executive are parties to an Employment Agreement, dated July 1, 2000 (the "Employment Agreement"), and have agreed to amend the Employment Agreement to extend the term of the Employment Agreement and to increase the Executive's compensation thereunder. Capitalized terms used herein shall have the meanings set forth in the Employment Agreement unless otherwise defined herein.
XXXXXXXS. Patriot desires to employ the Executive and to have the benefit of his skills and services, and the Executive desires to be employed by Patriot on the terms and conditions set forth herein.
XXXXXXXS. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.
XXXXXXXS. All fees, costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such fees, costs and expenses.
XXXXXXXS. The headings containex xx xxxx Xxxxement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.
XXXXXXXS. A. The Company is engaged in the wholesale production and sale of a family of high-quality spring water products.
