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Message: RE: Atul! Why now ?

RE: Atul! Why now ?

posted on Oct 28, 2005 10:52AM
regarding Atul`s possible option status:

Looking at Will Blakeley`s vested position, it would seem reasonable, considering Atul`s many years at EDIG that he would have quite a large vested position********

``Mr. Blakely will receive options to purchase 1,500,000 shares of common stock with an exercise price equal to the fair market value of the common stock on Mr. Blakeley’s start date. The options will vest over a two year period with 500,000 shares vesting immediately and the balance vesting in equal quarterly installments thereafter. In the event that Mr. Blakeley’s employment is terminated for any reason other than cause, then he shall be eligible to receive up to three months severance in the form of salary continuation.``

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