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This excerpt taken from the KTEC 8-K filed Apr 28, 2008. Incentive Stock
Options. Incentive Stock Options may be granted only to
employees of the Company or any subsidiary corporation. An Incentive
Stock Option cannot be granted to an employee who, at the time such option is
granted, owns directly or beneficially more than 10% of the total combined
voting power of all classes of stock of the employer corporation or its parent
or any subsidiary. This limitation shall not apply if, at the time
such Incentive Stock Option is granted, the option price is at least 110% of the
fair market value of the stock subject to the option and such option by its
terms is not exercisable after the expiration of five years from the date such
option is granted.
5. Stock
Options.
5.1. |
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