Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / stock-option-award-agreement-draft.docx
stock-option-award-agreement-draft.docx
Parties
Arbor Health Technologies Inc
Equity Inc
Harkness LLP
Dates
August 12, 2022
November 1, 2022
Amounts
$0.001
Obligations
2020 Equity Incentive Plan (as amended May 2021) (the "Plan"), which provides for the grant of stock options, restricted stock, restricted stock units, and other equity-based awards to eligible employees, directors, and consultants of the Company and its affiliates; WHEREAS, the Compensation Committee of the Board of Directors of the Company (the "Committee") has authorized the grant of a stock option to the Participant in connection with his employment as Chief Operating Officer of the Company, and has determined that such grant is in the best interests of the Company and its stockholders; WHEREAS, this Agreement sets forth the terms and conditions of such stock option grant, and is in all respects subject to the terms and conditions of the Plan, a copy of which has been provided to the Participant and is on file at the principal offices of the Company; and WHEREAS, capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to such terms in the Plan
In the event of any conflict or inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall govern and control in all respects
The exact number of Shares subject to the Option shall be determined by the Committee as of the Grant Date and set forth on Appendix A attached hereto, which is incorporated herein by reference
The "Grant Date" of the Option shall be [●], 2022, as determined by the Committee
The Grant Date is anticipated to coincide with, or occur shortly after, the Participant's start date of November 1, 2022, and shall be set forth on Appendix A upon determination by the Committee
The Option shall not be treated as an incentive stock option ("ISO") within the meaning of Section 422 of the Code