Common use of Additional Grants Clause in Contracts

Additional Grants. Notwithstanding anything else herein to the contrary, the Executive shall also be eligible to receive additional grants of options from the Corporation, from time to time, to the extent determined by the Board of Directors of the Corporation and its sole discretion, which options shall vest in accordance with a schedule to be determined by the Corporation at its sole discretion, and which shall have an exercise price equal to the market price of the Corporation's common shares on the date of grant, or such higher price as may be required by any stock exchange on which the shares of the Corporation are listed.

Appears in 4 contracts

Samples: Technical Services Agreement (Energy Exploration Technologies /), Ammended and Restated Technical Services Agreement (Energy Exploration Technologies /), Technical Services Agreement (Energy Exploration Technologies /)

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