Form I-9 (with respect to legal fitness for duty) Given the link between continuity of personnel management and overall organizational performance, it is in the best interest of the association to ensure stability in the position of CEO. In an employment environment where the association competes with for-profit and non-profit organizations, an agreement can contribute to stability. Most importantly, the provision of some employment protection through the agreement can mitigate the impact of organizational policy on operational results and foster prudent decision-making and open communication between the CEO and the association`s governing bodies. At its next regular meeting, the Compensation Committee will grant you a signature of two hundred and fifty thousand (250,000) stock options with an exercise price at the closing price on the day of the grant (the option). Ten percent (10%) of stock options become unshakable on the first anniversary of the grant, twenty percent (20%) of stock options on the second anniversary of the grant, thirty percent (30%) of stock options on the third anniversary of the grant and the remaining forty percent (40%) of stock options on the fourth anniversary of the grant. all of them, except in Sections 7A, 7B and 7C of this Agreement, are related to your continued business with the Company as Chief Executive Officer to exercise data. Options are not available for ten (10) years from the date of grant, as long as you hold the position of Chief Executive Officer in the company153s, but do not expire until ninety (90) days after the termination of your employment relationship. In the event of the expiry of this agreement before the unshakability of these stock options, they become immediately inviolable and remain as they are ninety (90) days after the expiry of the agreement153s. The option is issued under the Company`s existing stock option plan153 and takes the form of an allocation agreement(s) annexed thereto as Schedule C and is subject to all conditions set out in the plan documents and in the allocation terms and conditions that may be amended from time to time.
Except that, to the extent that the award agreement or such conditions are inconsistent with the terms of this Agreement, the terms of this Agreement shall apply. You also have the right to get additional option bonuses that match any programs the company may put in place in the future for executives…Back to Blog