Examples of Consultant Options in a sentence
Employee Options and Consultant Options shall be subject to earlier termination as hereinafter provided.
Except as may otherwise be expressly provided in the applicable Contract, Employee Options and Consultant Options granted under the Plan shall not be affected by any change in the status of the optionee so long as the optionee continues to be an employee of, or a consultant to, the Company, or any of the Subsidiaries or a Parent (regardless of having changed from one to the other or having been transferred from one corporation to another).
The Consultant Options are exercisable at a price of $0.13 during a period of five (5) years from the date of issuance, and are subject to a vesting schedule, with 500,000 Consultant Options vesting immediately and the balance to vest in 100,000 increments each month during the term of the consultant’s engagement.
No funds are raised from the issue of the Consultant Options, as they are issued to the consultant in consideration for assistance with the Company’s progress and success.
Nonemployee Director Options and Consultant Options granted to Nonemployee Directors and consultants to the Company or a Subsidiary shall terminate under such circumstances as are provided in the Agreement evidencing the Option, and if not expressly specified, as of the close of business on the last day of the term of the Option, but in no event may such an Option be exercised by anyone after the expiration of the term of the Option.
Records of offender contributions shall be maintained consistent with Generally Accepted Accounting Principle (GAAP) requirements.
The Committee may from time to time, in its sole discretion, consistent with the purposes of the Plan, grant (a) Employee Options to employees (including officers and directors who are employees) of the Company or any of its Subsidiaries, (b) Consultant Options to consultants to the Company or any of its Subsidiaries, and (c) Non-Employee Director Options to Non- Employee Directors.
The Committee may, consistent with the purposes of the Plan, grant Employee Options from time to time, to key employees (including officers and directors who are key employees) and Consultant Options to consultants of the Company or any of its Subsidiaries.
Yours faithfully Colin William HulbertDirector/Credit ManagerThe next document is an invoice from CBPL to Channic dated 6 July 2010 for brokerage fees of $990.00.
To the extent not otherwise provided by the Committee, Consultant Options shall be exercisable in three (3) equal installments each equal to one-third of the entire Option granted, the first of which shall become exercisable on the first anniversary of the date of grant of the Consultant Options, the second installment of which shall become exercisable on the second anniversary of the date of grant, and the final installment of which shall become exercisable on the third anniversary of the date of grant.