Investors Capital Holdings, Ltd. 1994 Stock Option Plan
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Summary
Investors Capital Holdings, Ltd. established a stock option plan in 1994, allowing an officer to purchase up to 150,000 shares of the company's common stock, following a stock split in 1997. The Board of Directors determined the number of options and their grant dates. All options under this plan are fully exercisable and do not have an expiration date.
EX-10.3 2 a4920990ex10_3.txt EXHIBIT 10.3 Exhibit 10.3 1994 Stock Option Plan As of September 1, 1994, the Investors Capital Holdings, Ltd. (the "Company") adopted a stock option plan (the "1994 Plan") that provided for the granting of options to an officer of the Company to purchase shares of the common stock of the Company. Following a three for two stock split in 1997, a maximum of 150,000 shares of common stock were issuable under the 1994 Plan. The number of options and grant date were determined at the discretion of the Company's Board of Directors (the "Board"). Options outstanding under the 1994 Plan are fully exercisable and have no stated expiration.
