Ecolomondo Corporation has issued stock options to employees, Board members and consultants, to purchase 1,930,000 common shares of the Company in recognition of their contribution to the Company’s and the Hawkesbury plant’s success
Each stock option entitles the holder to acquire one common share of Ecolomondo at an exercise price of $0.20 per share, exercisable for ten (10) years from the date of grant. Options granted to directors and officers will vest over one (1) year, with half vesting six months after the grant date and the remaining half contingent upon performance, attendance, and participation, vesting twelve months after the grant date. Options awarded to employees and consultants will vest over three (3) years, with one third vesting on each anniversary of the grant date. All options are subject to accelerated vesting or termination consistent with the Company’s stock option plan and require approval from the TSX Venture Exchange.
“Every person receiving these stock options has shown dedication and contributed to the performance of the Company and of the Hawkesbury facility. These stock options are a show of appreciation by the Company”, said Eliot Sorella, Executive Chairman of Ecolomondo.
