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Complete Home & Office Legal Guide
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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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1993-08-01
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770b
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28 lines
EMPLOYEE STOCK OPTION
International Affiliated, Inc., referred to as EMPLOYER, and
Wallace Beaver, referred to as EMPLOYEE agree:
In consideration of meritorious service by EMPLOYEE on behalf of
EMPLOYER, EMPLOYER grants to EMPLOYEE the option to purchase
Common stock of EMPLOYER.
The option may be exercised after the EMPLOYEE has served 12
months of total employment.
EMPLOYEE shall be eligible to purchase 50 shares of stock every 3
months, or in the event of stock splits or other
re-capitalization, an equal amount of shares, at 50% per cent of
market value.
Dated: _____________________________
For International Affiliated, Inc.
___________________________________________________