Amendment to Employee Stock Option Agreement for Michael Bozora (December 3, 2008)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document amends the terms of a non-qualified employee stock option granted to Michael Bozora. The amendment confirms the total number of shares granted (1,476,651) at an exercise price of $0.01625 per share. It specifies that 492,217 shares vested before December 3, 2008, and the remaining 984,434 shares vested on December 3, 2008. Michael Bozora has agreed to these amended terms by signing the document.

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EX-10.6 8 mbamendforemployeeopt.htm BOZORA AMENDMENT FOR EMPLOYEE OPTIONS mbamendforemployeeopt.htm
 
 
 

EXHIBIT 1
 
EMPLOYEE OPTION TERMS (amended December 3, 2008)
 
Name of Grantee:                                                                Michael Bozora
 
Date of Grant:                                                                January 1, 2006
 
Number of Shares Granted:                                                                           1,476,651
 
Exercise Price:                                                      $0.01625
 
Type of Option
(Qualified or Non-Qualified):                                                                           Non-Qualified

Vesting:                                                      492,217 shares have vested prior to December 3, 2008
 
 
984,434 shares have vested on December 3, 2008
 

 

 
Amendment of Option Terms agreed to by Grantee:
 

 
_/s/ Michael Bozora______________________________
 
Print Name: Michael Bozora