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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?

To: shag007 who wrote (5346)	4/23/1998 6:35:00 PM
From: Dennis Castleman	Respond to of 6297

Ok here's the options plan, as explained to me by the CFO 100,000 shares @ $.50 each Vested 30% the first year, 30% second and 40% on the third. Once vested you have 5 years to exercise the options. If you leave the company for any reason,any options that are vested must be exercised in 90 days. Employee options are not currently registered. They tell me that this means that after a employee has exercised their options, the must be registered. Once registered the have to be held for one year. Then I can sell then.