Common use of Eligible Participants Clause in Contracts

Eligible Participants. Eligible Participants shall be determined from time to time by the Board from among the key employees of the Company, members of the Board of Directors of the Company, and key service suppliers to the Company . Such eligible participant shall be entitled to participate in this incentive stock option plan as part of their employment, retainer, or service agreements, when granted such options by the action of the Board by conveying to the Participant a Stock Option Grant Notice, substantially similar to the form attached hereto as Addendum 1 , and by entering into a Stock Option Agreement with the Company the form of which is attached hereto as Addendum 2 . 3)

Appears in 5 contracts

Samples: Executive Employment Agreement (Motos America, Inc.), Employment Agreement (Motos America, Inc.), Services Agreement (Motos America, Inc.)

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Eligible Participants. Eligible Participants shall be determined from time to time by the Board from among the key employees of the Company, members of the Board of Directors of the Company, and key service suppliers to the Company Company. Such eligible participant shall be entitled to participate in this incentive stock option plan as part of their employment, retainer, or service agreements, when granted such options by the action of the Board by conveying to the Participant a Stock Option Grant Notice, substantially similar to the form attached hereto as Addendum 1 1, and by entering into a Stock Option Agreement with the Company the form of which is attached hereto as Addendum 2 . 3)2.

Appears in 1 contract

Samples: Employment Agreement (Motos America, Inc.)

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