Document ID: 499

Text:
(d) Retention Incentive. In addition to the compensation set forth elsewhere in this Section 3, and as additional consideration for the Executive to enter into this Agreement, the Executive shall be granted a stock option (the Option) under the Companys 2017 Stock Incentive Plan (the 2017 Plan) to purchase 166,667 shares of the Companys common stock (Shares). The Option shall be (i) exercisable at an exercise price of $.050 per Share; (ii) be fully vested on the Effective Date; and (iii) exercisable for ten (10) years from the Effective Date, subject to the Executives continued employment with the Company and the early Option termination provisions set forth in the 2017 Plan.

Named Entities:
58
60
Shares
84
86
Price

Tokenized Text:
(
d
)
Retention
Incentive
.
In
addition
to
the
compensation
set
forth
elsewhere
in
this
Section
3
,
and
as
additional
consideration
for
the
Executive
to
enter
into
this
Agreement
,
the
Executive
shall
be
granted
a
stock
option
(
the
Option
)
under
the
Companys
2017
Stock
Incentive
Plan
(
the
2017
Plan
)
to
purchase
166
,
667
shares
of
the
Companys
common
stock
(
Shares
)
.
The
Option
shall
be
(
i
)
exercisable
at
an
exercise
price
of
$
.
050
per
Share
;
(
ii
)
be
fully
vested
on
the
Effective
Date
;
and
(
iii
)
exercisable
for
ten
(
10
)
years
from
the
Effective
Date
,
subject
to
the
Executives
continued
employment
with
the
Company
and
the
early
Option
termination
provisions
set
forth
in
the
2017
Plan
.