Option Exercise Price and Consideration. The Company will grant Options to Executive upon achievement of each milestone and such Options shall be Incentive Stock Options as approved in the Employment agreement dated June 1, 2010 by the Board. Each Option shall be evidenced by a Notice of Grant which shall expressly identify such Option as an Incentive Stock Option, and be in such form and contain such provisions as the Company shall from time to time deem appropriate. Without limiting the foregoing, the Company may, at any time, or from time to time, authorize the Company, with the consent of the respective recipients, to issue Options in exchange for the surrender and cancellation of any or all outstanding Options.
Appears in 3 contracts
Sources: Employment Agreement (Targeted Medical Pharma, Inc.), Employment Agreement (Targeted Medical Pharma, Inc.), Employment Agreement (Targeted Medical Pharma, Inc.)