Employee Share Option Notice Letter between Consolidated Water Co. Ltd. and Ivan Tabora
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Summary
Consolidated Water Co. Ltd. offers Ivan Tabora the right to purchase 68 Preference Shares at a set price, as part of the company's Employee Share Incentive Plan, with a grant date of July 6, 2004. Ivan must pay in full by August 5, 2004, to exercise this option. Additionally, Ivan is granted the option to buy 340 Ordinary Shares under the Employee Share Option Plan, with the possibility of receiving more options if he purchases the Preference Shares by the deadline. The agreement outlines the terms and deadlines for these share purchase options.
EX-10.52 9 g93890exv10w52.txt EMPLOYEE SHARE OPTION NOTICE LETTER/IVAN TABORA EXHIBIT 10.52 July 8, 2004 Ivan Tabora Dear Ivan, RE: EMPLOYEE SHARE INCENTIVE PLAN AND EMPLOYEE SHARE OPTION PLAN In accordance with the Employee Share Incentive Plan ("the Preference Share Plan"), you are hereby advised that the Grant Date is July 6, 2004 for benefits you have accrued during the year ended 31 December 2003. Accordingly you are granted 68 Preference Shares in the Company. You have the option to purchase an equal number of Preference Shares at a price of US$13.45 or CI$11.21 each, which has been calculated in accordance to the terms of the Preference Share Plan. If you intend to exercise this option, then payment must be received in full no later than the close of business on AUGUST 5, 2004. As a member of the Employee Share Option Plan ("the Option Plan"), you will also be granted, as of July 6, 2004, the option to purchase 340 Ordinary Shares in the Company. These options are exercisable in accordance to the terms of the Option Plan. You furthermore have the opportunity to obtain an equal amount of options to purchase Ordinary Shares of the Company, in accordance to the terms of the Option Plan, if you exercise your right to purchase the above additional Preference Shares before AUGUST 5, 2004. Your continued dedication and hard work have contributed to another successful year for Consolidated Water, and I look forward to a very bright future. Yours sincerely, CONSOLIDATED WATER CO. LTD. /s/ Frederick W. McTaggart Frederick W. McTaggart President and CEO