Mendell Energy Technolgies Inc Sample Contracts

Mendell Energy Technolgies Inc – Page SECTION 1. DEFINITIONS 1 SECTION 2. SHARES OF STOCK SUBJECT TO THE PLAN 7 2.1 Maximum Number of Shares 7 2.2 Limitation of Shares 7 2.3 Description of Shares 8 2.4 Registration and Listing of Shares 9 SECTION 3. ADMINISTRATION OF THE PLAN 9 3.1 Committee 9 3.2 Duration, Removal, Etc. 9 3.3 Meetings and Actions of Committee 9 3.4 Committee's Powers 10 SECTION 4. ELIGIBILITY AND PARTICIPATION 10 4.1 Eligible Individuals 10 4.2 Grant of Awards 11 4.3 Date of Grant 11 4.4 Award Agreements 11 4.5 Limitation for Incentive Options 11 4.6 No Right to Award 11 SECTION 5. TERMS AND CONDITIONS OF OP (August 14th, 2001)