![]() ![]() The term “ Confidential Information” means any non-public information that relates to the actual or anticipated business and/or products, research or development of the Company, its affiliates or subsidiaries, or to the Company’s, its affiliates’ or subsidiaries’ technical data, trade secrets, or know-how, including, but not limited to, research, product plans, or other information regarding the Company’s, its affiliates’ or subsidiaries’ products or services and markets therefor, customer lists and customers, prospective customers, software, developments, inventions, processes, methodologies, algorithms, know-how, procedures, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances, business plans, vendor relationships, passwords, encryption coding, search technology, analytics, transaction data, ledgers, and other business information disclosed by the Company, its affiliates or subsidiaries, either directly or indirectly, in writing, orally or by drawings or inspection of premises, parts, equipment, programs, formulas, ledgers or other property of Company, its affiliates or subsidiaries. The Director agrees that both during and after his time as a director of the Company, the Director will not use for the Director’s own, or for another’s benefit, or disclose or permit the disclosure of any confidential information relating to the Company, including without limitation any information about the deliberations of the Board. The Director recognizes and acknowledges that the Director will have access to Confidential Information (as defined below) relating to the business or interests of the Company or of persons with whom the Company may have business relationships. The Director further agrees that, if the Company does not withhold an amount from the Director’s compensation or other remuneration sufficient to satisfy the withholding obligation of the Company, the Director will make reimbursement on demand, in cash, for the amount underwithheld.Ĥ. At the discretion of the Company, the amount required to be withheld may be withheld in cash from such compensation or other remuneration or in kind from the common stock otherwise deliverable to the Director on exercise of this option. If the Company, in its discretion, determines that it is obligated to withhold any tax in connection with the exercise of the Option, or in connection with the transfer of any common stock acquired pursuant to the Option, the Director hereby agrees that the Company may withhold from the Director’s compensation or other remuneration the appropriate amount of tax. When the Director sells the common stock, the Director will recognize taxable gain or loss (long-term if the Director held the common stock for more than one year otherwise, short-term) equal to the difference between the amount the Director receives from the sale and the tax basis of the common stock sold. section 1.83-7(b), upon the exercise of the Option, the Director will recognize taxable ordinary income equal to the difference between the fair market value of the common stock, determined as of the exercise date, and the Option exercise price. Under Section 83 of the Internal Revenue Code and Treas. The Director acknowledges that the exercise, transfer or other disposition of the Option may give rise to significant U.S. We encourage you to read about our partner companies and management teams - it's their experiences that are our strongest references.C. We have been in your shoes and pride ourselves on being very supportive partners while not interfering with your ability to run your business. Based on our past experiences, we bring together a unique combination of operational understanding, domain expertise, and a network of talented operators and strategic partners. In short, we are here to give you an edge. The foundation of Stripes Group's success is our ability to help our partner companies, build out management, execute add-on acquisitions, present them with industry connections and provide insight as they improve their strategies to drive profitable growth. We're passionate about growth - it's fun, challenging and lucrative. We make minority or majority investments in profitable companies with proven business models that are providing differentiated value to customers. We partner with entrepreneurs and operating executives in rapidly growing and profitable technology-enabled and consumer products companies with the simple goal of maximizing the appreciation of shareholder value while reducing operating risk. We're here to provide you with additional capital, resources, contacts and expertise to accelerate your business and mitigate operating risk. At Stripes Group, we have a singular focus - to be a catalyst to support your next stage of growth. We have an enormous amount of respect for what you have accomplished. ![]()
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