EX-10.1
from SB-2
11 pages
1. Purposes of the Plan the Purposes of the 1999 Stock Option Plan (The “Plan”) of Iris Biotechnologies Inc., a California Corporation (The “Company”), Are To: (A) Encourage Selected Employees, Directors and Consultants to Improve Operations and Increase Profits of the Company; (B) Encourage Selected Employees, Directors and Consultants to Accept or Continue Employment or Association With the Company or Its Affiliates; and (C) Increase the Interest of Selected Employees, Directors and Consultants in the Company’s Welfare Through Participation in the Growth in Value of the Common Stock of the Company (The “Common Stock”). Options Granted Under This Plan (“Options”) May Be “Incentive Stock Options” (“Isos”) Intended to Satisfy the Requirements of Section 422 of the Internal Revenue Code of 1986, as Amended (The “Code”), or “Nonqualified Options” (“Nqos”). 2. Eligible Persons
12/34/56
