Document ID: 10725

Text:
5.3 Equity Compensation. On the Effective Date, subject to the terms of this Section 5.3, Executive shall receive options to purchase up to 50,000 shares of the Companys common stock, at an exercise price equal to the closing quote for the Companys common stock on October 1, 2017 (the Stock Options). The Stock Options shall be incentive stock options issued pursuant to the Companys 2013 Stock Option Plan (the Plan) and an award agreement to be issued thereunder. The Company and Executive hereby agree that the Stock Options granted under this Agreement shall replace the options to purchase common stock provided in the Previous Agreement, and that any options granted under the Previous Agreement shall be voluntarily forfeited by Executive as of the date hereof. The Stock Options shall be subject to the following vesting conditions:

Named Entities:
30
32
Shares
55
58
EffectiveDate
120
121
Title

Tokenized Text:
5
.
3
Equity
Compensation
.
On
the
Effective
Date
,
subject
to
the
terms
of
this
Section
5
.
3
,
Executive
shall
receive
options
to
purchase
up
to
50
,
000
shares
of
the
Companys
common
stock
,
at
an
exercise
price
equal
to
the
closing
quote
for
the
Companys
common
stock
on
October
1
,
2017
(
the
Stock
Options
)
.
The
Stock
Options
shall
be
incentive
stock
options
issued
pursuant
to
the
Companys
2013
Stock
Option
Plan
(
the
Plan
)
and
an
award
agreement
to
be
issued
thereunder
.
The
Company
and
Executive
hereby
agree
that
the
Stock
Options
granted
under
this
Agreement
shall
replace
the
options
to
purchase
common
stock
provided
in
the
Previous
Agreement
,
and
that
any
options
granted
under
the
Previous
Agreement
shall
be
voluntarily
forfeited
by
Executive
as
of
the
date
hereof
.
The
Stock
Options
shall
be
subject
to
the
following
vesting
conditions
: