Examples of Incentive Stock Options in a sentence
Within thirty (30) days of the date of execution of this Agreement, Executive shall be issued Incentive Stock Options to purchase 200,000 shares of common stock of the Company at an exercise price equal to the fair market value of a share of common stock of the Company on the date of grant (the “2024 Bonus Options”).
Within thirty (30) days of the Commencement Date, Executive shall be issued Incentive Stock Options (the “Options”) to purchase 1,200,000 shares of common stock of the Company at an exercise price equal to the fair market value of a share of common stock of the Company on the date of grant.
Outside Directors will be eligible to receive all types of Awards (except Incentive Stock Options) under the Plan, including discretionary Awards not covered under this Policy.
Shortly after the close of Tesseract’s current $0.50/share private placement round, subject to Board approval, Executive shall be issued Incentive Stock Options (the “Options”) to purchase 400,000 shares of common stock of the Company subject to the terms and conditions of the Company’s 2022 Equity Incentive Plan and applicable Stock Option Agreement.