EX-10.1
from 8-K
~5
pages
On Behalf of Ener-Core Inc., a Delaware Corporation (The “Company”) or Its Successors, I Am Pleased to Invite You to Join the Company’s Board of Directors (The “Board”), Subject to the Confirmation of This Invitation Either by Formal Approval by the Board or by a Duly Held Election of the Stockholders of the Company, as Appropriate (The Date of Such Approval or Election Being the “Effective Date”), Which We Anticipate Will Be Approximately May 1, 2017 or at Which Date Ener-Core’s Secretary Informs the Board of Directors That All Legally Necessary Paperwork and Checks Have Been Completed. You Will Serve as a Director From the Effective Date Until the Date Upon Which You Are Not Re-Elected or Your Earlier Removal or Resignation. in Consideration for Your Service on the Board and Subject to Approval by the Board, You Will Be Granted an Option Under the Company’s Stock Incentive Plan (The “Plan”) to Purchase 25,000 Shares of the Company’s Common Stock at an Exercise Price Equal to US $ 2.50 Per Share. We Will Recommend That the Board Set Your Vesting Schedule as Follows: (I) 1/4 of the Total Number of Options Will Be Vested After Twelve Months From the Effective Date, and (II) 1/48 of the Total Number of Options Will Be Vested After Each Month Thereafter
12/34/56
EX-10.1
from 8-K
2 pages
On Behalf of Ener-Core Inc., a Delaware Corporation (The “Company”) or Its Successors, I Am Pleased to Invite You to Join the Company’s Board of Directors (The “Board”), Subject to the Confirmation of This Invitation Either by Formal Approval by the Board or by a Duly Held Election of the Stockholders of the Company, as Appropriate (The Date of Such Approval or Election Being the “Effective Date”), Which We Anticipate Will Be Approximately April 1, 2017 or at Which Date Ener-Core’s Secretary Informs the Board of Directors That All Legally Necessary Paperwork and Checks Have Been Completed. You Will Serve as a Director From the Effective Date Until the Date Upon Which You Are Not Re-Elected or Your Earlier Removal or Resignation. in Consideration for Your Service on the Board and Subject to Approval by the Board, You Will Be Granted an Option Under the Company’s Stock Incentive Plan (The “Plan”) to Purchase 25,000 Shares of the Company’s Common Stock at an Exercise Price Equal to US $2.50 Per Share. We Will Recommend That the Board Set Your Vesting Schedule as Follows: (I) 1/4 of the Total Number of Options Will Be Vested After Twelve Months From the Effective Date, and (II) 1/48 of the Total Number of Options Will Be Vested After Each Month Thereafter
12/34/56