EX-10
from 10QSB
6 pages
Grant of Option. Human Pheromone Sciences, Inc., a California Corporation (The “Company”), Hereby Grants to the Optionee Named in the Notice of Stock Option Grant Issued by the Company (“Optionee”), an Option (The “Option”) to Purchase the Total Number of Shares of Common Stock (The “Shares”) Set Forth in the Notice of Stock Option Grant (The “Notice”), at the Exercise Price Per Share Set Forth in the Notice (The “Exercise Price”). This Stock Option Agreement Shall Be Deemed Executed by the Company and Optionee Upon Execution by Such Parties of the Notice. 2. Designation of Option. This Option Is Intended to Be a Nonstatutory Stock Option. 3. Exercise of Option. This Option Shall Be Exercisable During Its Term in Accordance With the Vesting/Exercise Schedule Set Out in the Notice: (A) Right to Exercise. (I) This Option May Not Be Exercised for a Fraction of a Share. (II) in the Event of Optionee’s Death, Disability or Other Termination of Employment, the Exercisability of the Option Is Governed by Section 5 Below, Subject to the Limitations Contained in This Section 3. (III) in No Event May This Option Be Exercised After the Expiration Date of the Option as Set Forth in the Notice. (B) Method of Exercise
12/34/56
