Schedule to Stock Option Grant for Non-Employee Directors (Bigelow, Forte, Tullis, Gardner)
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Summary
The Company granted stock options to non-employee directors Bigelow, Forte, Tullis, and Gardner, allowing each to purchase 20,000 shares of common stock at $5.00 per share. The options vest in stages: 50% after one year, 25% after two years, and the remaining 25% after three years from the grant date of January 22, 2001. No formal written option agreements have been signed yet.
EX-10.18 5 j8530601ex10-18.txt SCHEDULE TO STOCK OPTION AGREEMENT 1 EXHIBIT 10.18 Description of Stock Option Grant by the Company to certain non-employee directors On January 22, 2001, the Company granted to each of Messrs. Bigelow, Forte, Tullis and Gardner a stock option to purchase 20,000 shares of the Company's Common Stock at an exercise price of $5.00 per share. The options vest 50% on January 22, 2002; 25% on January 22, 2003; and 25% on January 22, 2004. No written option agreements associated with the grants of these options have yet been entered into by the Company.
