Rafina Innovations Inc. Stock Award and Stock Option Grant Notice (October 2018)
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Summary
Rafina Innovations Inc. has granted a stock award and a stock option to a specified individual. The stock award consists of common shares that are fully vested on the grant date. The stock option allows the individual to purchase common shares at $0.70 per share, with options vesting in installments over several years and each portion expiring five years after vesting. The grants are subject to the terms of the company's 2016 Stock Option and Stock Award Plan and the attached agreement. Key dates and amounts are specified in the notice.
EX-10.1 2 ex101.htm FORM OF STOCK AWARD AND STOCK OPTION GRANT NOTICES
RAFINA INNOVATIONS INC.
NOTICE OF STOCK AWARD
resident of , you have been granted a stock award of the Common Stock (the "Common Stock") of Rafina Innovations Inc. as follows:
| Grant number: | 00XX | |
| Date of Grant: | October 19, 2018 | |
| Vesting Commencement Date: | See vesting schedule below | |
| Total Number of Award Shares Granted: | XXXXXX COMMON SHARES | |
| Term/Expiration Date: | N/A | |
VESTING SCHEDULE: This Award may be issued, in whole or in part, in accordance with the following schedule:
| · | Fully vested on grant date |
RAFINA INNOVATIONS INC.
NOTICE OF STOCK OPTION GRANT
UNLESS OTHERWISE DEFINED HEREIN, THE TERMS DEFINED IN THE RAFINA INNOVATIONS INC. (FORMERLY HCI VIOCARE) 2016 STOCK OPTION AND STOCK AWARD PLAN SHALL HAVE THE SAME DEFINED MEANINGS IN THE ATTACHED STOCK OPTION AGREEMENT, OF WHICH THIS NOTICE OF STOCK OPTION GRANT IS A PART.
resident of , you have been granted an option to purchase Common Stock (the "Common Stock") of RAFINA INNOVATIONS INC. at a price of $0.70 per share, subject to the terms and conditions of the RAFINA INNOVATIONS INC. Stock Option and Stock Award Plan and the attached Stock Option Agreement as follows:
| Grant number: | 00XX | |
| Date of Grant: | October 19, 2018 | |
| Vesting Commencement Date: | See vesting schedule below | |
| Total Number of Award Shares Granted: | XXXXXX COMMON SHARES | |
| Term/Expiration Date: | each option shall expire five years after the date of vesting | |
VESTING SCHEDULE: This Award may be issued, in whole or in part, in accordance with the following schedule:
| · | A TOTAL OF X STOCK OPTIONS SHALL VEST ON GRANT DATE AND SHALL EXPIRE ON OCTOBER 19, 2024 |
| · | A TOTAL OF X STOCK OPTIONS SHALL VEST ON OCTOBER 19, 2020 AND SHALL EXPIRE ON OCTOBER 19, 2025 |
| · | A TOTAL OF X STOCK OPTIONS SHALL VEST ON OCTOBER 19, 2021 AND SHALL EXPIRE ON OCTOBER 19, 2026 |
| · | A TOTAL OF X STOCK OPTIONS SHALL VEST ON OCTOBER 19, 2022 AND SHALL EXPIRE ON OCTOBER 19, 2027 |
| · | A TOTAL OF X STOCK OPTIONS SHALL VEST ON OCTOBER 19, 2023 AND SHALL EXPIRE ON OCTOBER 19, 2028 |
Incentive Stock Option:
Non-Statutory Option:
