Amendment to Employee Stock Option Agreement for Timothy Redpath

Contract Categories: Human Resources › Compensation Agreements
Summary

This document amends the terms of a non-qualified employee stock option granted to Timothy Redpath. The amendment confirms the total number of shares granted (1,476,651), the exercise price ($0.01625 per share), and the vesting schedule, with 492,217 shares vested before December 3, 2008, and 984,434 shares vested on December 3, 2008. Timothy Redpath has agreed to the amended terms by signing the document.

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EX-10.10 10 tramendforemployeeopt.htm REDPATH AMENDMENT FOR DIRECTOR OPTIONS tramendforemployeeopt.htm
 
 
 

EXHIBIT 1
 
EMPLOYEE OPTION TERMS (amended December 3, 2008)
 
Name of Grantee:                                                                Timothy Redpath
 
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/ Timothy Redpath_________________
 
Print Name: Timothy Redpath