INCENTIVE STOCK OPTION AGREEMENTIncentive Stock Option Agreement • November 1st, 2002 • Vermont Teddy Bear Co Inc • Dolls & stuffed toys
The Vermont Teddy Bear Company, Inc. Shelburne, Vermont 05482Vermont Teddy Bear Co Inc • November 1st, 2002 • Dolls & stuffed toys
This letter is to follow up on recent discussions by the Board and confirms our agreement concerning the terms of your continued employment by The Vermont Teddy Bear Co., Inc. (the "Company"). Except as specifically set forth in this letter, this agreement is intended to supersede all of your prior or existing employment agreements. Our agreement is as follows:
INCENTIVE STOCK OPTION AGREEMENTIncentive Stock Option Agreement • November 1st, 2002 • Vermont Teddy Bear Co Inc • Dolls & stuffed toys
First Installment. Seventy-five thousand (75,000) shares when the average of the Company's closing price of its Common Stock for each trading day within a three (3) month period is equal to or greater than Two Dollars ($2.00);
INCENTIVE STOCK OPTION AGREEMENTIncentive Stock Option Agreement • November 1st, 2002 • Vermont Teddy Bear Co Inc • Dolls & stuffed toys
INCENTIVE STOCK OPTION AGREEMENTIncentive Stock Option Agreement • November 1st, 2002 • Vermont Teddy Bear Co Inc • Dolls & stuffed toys
