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Text File  |  1993-08-01  |  827b  |  28 lines
  1.  
  2.  
  3.                    EMPLOYEE STOCK OPTION 
  4.  
  5. ______________________________, referred to as EMPLOYER, and
  6. ______________________________, referred to as EMPLOYEE agree: 
  7.  
  8. In consideration of meritorious service by EMPLOYEE on behalf of
  9. EMPLOYER, EMPLOYER grants to EMPLOYEE the option to purchase
  10. _____________ stock of EMPLOYER. 
  11.  
  12. The option may be exercised after the EMPLOYEE has served _____
  13. ________________ of total employment. 
  14.  
  15. EMPLOYEE shall be eligible to purchase ______ shares of stock every 
  16. _______________________, or in the event of stock splits or other
  17. re-capitalization, an equal amount of shares, at ____ per cent of
  18. market value. 
  19.  
  20. Dated: _____________________________ 
  21.  
  22. For _______________________________
  23.  
  24.  
  25.  
  26. ___________________________________________________ 
  27.                            
  28.