Pursuant to a stock option plan dated August 30, 1996, defendant granted plaintiff an option to purchase up to 4,000 shares of its stock at the price of $0.14 a share. By a "Notice to Exercise Stock Option" dated October 10, 1997, plaintiff elected to purchase 1,000 shares, tendering a check in full payment therefor. On November 3, 1997, plaintiff resigned from her position as manager of billings and collections. By letter dated November 12, 1997, defendant purported to terminate...
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