Sky Harvest adopts 2009 stock option plan
September 23 2009 - 7:00AM
PR Newswire (US)
Trading Symbol: SKYH:OTCBB VANCOUVER, Sept. 23
/PRNewswire-FirstCall/ -- Sky Harvest Windpower Corp. OTCBB:SKYH
(the "Company") is pleased to announce that effective September 11,
2009, the Company's board of directors adopted the 2009 Stock
Option Plan. The purpose of the 2009 Stock Option Plan is to
enhance the long-term stockholder value of our Company by offering
opportunities to directors, officers, employees and eligible
consultants of the Company to acquire and maintain stock ownership
in the Company in order to give these persons the opportunity to
participate in the Company's growth and success, and to encourage
them to remain in the service of the Company. A total of 2,900,000
shares of common stock are available for issuance under the 2009
Stock Option Plan. The 2009 Stock Option Plan provides for the
grant of incentive stock options and non-qualified stock options.
Incentive stock options granted under the 2009 Stock Option Plan
are those intended to qualify as "incentive stock options" as
defined under Section 422 of the Internal Revenue Code. However, in
order to qualify as "incentive stock options" under Section 422 of
the Internal Revenue Code, the 2009 Stock Option Plan must be
approved by the stockholders of our company within 12 months of its
adoption. The 2009 Stock Option Plan has not been approved by our
stockholders. Non-qualified stock options granted under the 2009
Stock Option Plan are option grants that do not qualify as
incentive stock options under Section 422 of the Internal Revenue
Code. ON BEHALF OF THE BOARD OF DIRECTORS Chris Craddock, President
For information on Sky Harvest Windpower Corp. see
http://www.skyharvestwind.com/ DATASOURCE: Sky Harvest Windpower
Corp. CONTACT: Investor Relations, 1-877-700-7021 toll free
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