PURADYN FILTER TECHNOLOGIES INCORPORATED |
(Exact name of registrant as specified in its charter) |
Delaware |
0-29192 |
14-1708544 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
2017 High Ridge Road, Boynton Beach, FL |
33426 |
(Address of principal executive offices) |
(Zip Code) |
Registrant's telephone number, including area code |
(561) 547-9499 |
not applicable |
(Former name or former address, if changed since last report) |
On July 29, 2010 the Board of Directors of Puradyn Filter Technologies Incorporated adopted the Puradyn Filter Technologies Incorporated 2010 Stock Option Plan (the "Plan"). The purpose of the Plan is to enable our company to attract and retain employees and consultants and provide them with the long-term financial incentives to enhance our performance. The Plan authorizes the grant of options which qualify as incentive stock options under Section 422(b) of the Internal Revenue Code of 1986, as amended and non-qualified options which do not qualify as incentive stock options. The maximum number of shares which can be issued over the term of the Plan is 2,000,000 shares.
A copy of the Plan is filed as Exhibit 10.13 to this Current Report on Form 8-K. The foregoing description of the Plan is qualified in its entirety by reference to the full text of the Plan.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
PURADYN FILTER TECHNOLOGIES INCORPORATED | |
|
| |
Date: August 5, 2010 |
By: |
/s/ Joseph V. Vittoria |
|
|
Joseph V. Vittoria, |
2