INCENTIVE OPTION AGREEMENT AND NOTICE OF GRANT Date of Grant: March 27, 2012Incentive Option Agreement • May 15th, 2012 • Integrated Environmental Technologies, Ltd. • General industrial machinery & equipment, nec • Nevada
In recognition of your continued service to Integrated Environmental Technologies, Ltd. (“IET”) and to encourage you to continue to take into account the long-term interests of IET, the Compensation Committee of IET (the “Administrator”) has authorized the grant to you of an Incentive Option (the “Option”) to purchase ______________ (_________) shares (the “Shares”) of IET’s common stock, par value $.001 per share (“Common Stock”), under the Integrated Environmental Technologies, Ltd. 2010 Stock Incentive Plan (the “Stock Incentive Plan”).
NON-QUALIFIED OPTION AGREEMENT AND NOTICE OF GRANT Date of Grant: March 27, 2012Non-Qualified Option Agreement • May 15th, 2012 • Integrated Environmental Technologies, Ltd. • General industrial machinery & equipment, nec • Nevada
In recognition of your service as a member of the Board of Directors of Integrated Environmental Technologies, Ltd. (“IET”), the Board of Directors of IET (the “Administrator”) has authorized the grant to you of a Non-Qualified Option (the “Option”) to purchase ________________ shares (the “Shares”) of IET’s common stock, par value $.001 per share (“Common Stock”), under the Integrated Environmental Technologies, Ltd. 2010 Stock Incentive Plan (the “Stock Incentive Plan”).
