Employee Stock Option Agreement

This Employee Stock Option Agreement is between an employee (the "participant") and their employer (the "company") as an incentive to purchase company stock. This agreement sets out the number of shares the employee can option, price per share and time and method for exercising the option. It also sets out the restrictions on transfers of stock and contains information regarding taxation of the shares. A written Employee Stock OptionAgreement will prove invaluable in the event of disagreements or misunderstandings between the parties. (continued ...)