Contrato de opções de ações de incentivo

Contrato de opção de compra de ações de incentivo
Contrato de opção de compra de ações de incentivo.
Concedido no Plano de Incentivo de Ações de 2010.
1. Concessão de opção.
Este acordo evidencia a concessão pela Zipcar, Inc., uma corporação da Delaware (a & # 147; Company & # 148;), on, 20 (a & # 147; Data de concessão & # 148;) a, um funcionário da empresa (o & # 147; Participante & # 148;), de uma opção de compra, no todo ou em parte, nos termos aqui previstos e no Plano de Incentivo de Ações 2010 da Companhia (o & # 147; Plano & # 148;), um total de ações (as & # 147; Ações & # 148;) de ações ordinárias, $ .001 valor nominal por ação, da Companhia (& # 147; Stock Comum & # 148;) a $ por ação, que é o valor de mercado justo de uma ação das ações ordinárias na data da concessão. O prazo das Ações será de dez anos após a Data de Subsídio (a & # 147; Data de Exercício Final & # 148;), sujeito a rescisão antecipada no caso do encerramento do Participante, conforme especificado na Seção 3 abaixo. A aceitação desta opção significa aceitação dos termos deste contrato e do Plano, cuja cópia foi fornecida ao Participante.
Pretende-se que a opção comprovada por este acordo seja uma opção de estoque de incentivo conforme definido na Seção 422 do Código da Receita Federal de 1986, conforme emendado, e quaisquer regulamentos promulgados ao abrigo do mesmo (o & # 147; Código & # 148;)). Exceto quando indicado de outra forma pelo contexto, o termo & # 147; Participante, & # 148; conforme utilizado nesta opção, deve ser considerado como incluindo qualquer pessoa que adquira o direito de exercer esta opção válidamente sob seus termos.
2. Programação de Vesting.
Essa opção se tornará exercitável (& # 147; vest & # 148;) quanto a 25% do número original de Ações no primeiro aniversário da Data de Início do Vencimento e quanto a 2.0833% adicionais do número original de Ações no final de cada mês sucessivo após o primeiro aniversário da Data de Início de Vesting até o quarto aniversário da Data de Início do Vencimento, desde que o Participante ainda seja empregado pela Companhia. Para os propósitos deste Contrato, & # 147; Vesting Commencement Date & # 148; significa, 20.
Excepto como pode ser especificamente indicado neste documento, o Participante deve ser empregado em uma data de vencimento para a aquisição de direitos a ocorrer. Não haverá aquisição proporcionada ou parcial no período anterior a cada data de aquisição e todas as aquisições ocorrerão apenas na data de aquisição apropriada.
O direito de exercício será cumulativo para que, na medida em que a opção não seja exercida em qualquer período, na medida máxima permitida, continuará a ser exercível, no todo ou em parte, com relação a todas as Ações para as quais tenha antes da Data de Exercício Final ou o término desta opção na Seção 3 deste documento ou no Plano.
3. Exercício da Opção.
(a) Forma do Exercício. Cada eleição para exercer esta opção deve ser acompanhada de um Aviso de Exercício de Opção de Compra de acordo com o formulário em anexo, como Anexo A, assinado pelo Participante, e recebido pela Companhia em seu escritório principal, acompanhado por este.
acordo e pagamento integral na forma prevista no Plano. O Participante pode comprar menos do que o número de ações cobertas por este meio, desde que nenhum exercício parcial desta opção possa ser para qualquer ação fracionada ou para menos de dez partes inteiras.
(b) Relacionamento contínuo com a empresa exigida. Salvo disposição em contrário nesta Seção 3, esta opção não pode ser exercida, a menos que o Participante, no momento em que ele ou ela exerça essa opção, seja e tenha sido em todos os momentos desde a Data da concessão, um funcionário ou funcionário ou consultor ou conselheiro, a Companhia ou qualquer das partes ou subsidiárias da Companhia conforme definido na Seção 424 (e) ou (f) do Código (um & # 147; Participante Elegível & # 148;).
(c) Término da relação com a Companhia. Se o Participante deixar de ser um Participante Elegível por qualquer motivo, então, exceto nos casos previstos nos parágrafos (d) e (e) abaixo, o direito de exercer esta opção deve terminar três meses após essa cessação (mas, em nenhum caso após o final Data de exercício), desde que essa opção só possa ser exercida na medida em que o Participante tenha direito a exercer essa opção na data dessa cessação. Não obstante o que precede, se o Participante, antes da Data de Exercício Final, violar as disposições de não concorrência ou de confidencialidade de qualquer contrato de trabalho, confidencialidade e contrato de não divulgação ou outro acordo entre o Participante e a Companhia, o direito de exercer esta opção deve rescindir imediatamente após essa violação.
(d) Período de exercício após morte ou deficiência. Se o Participante morrer ou se tornar desativado (na acepção da Seção 22 (e) (3) do Código) antes da Data de Exercício Final, enquanto ele ou ela é um Participante Elegível e a Companhia não encerrou essa relação por & # 147 ; causa & # 148; conforme especificado no parágrafo (e) abaixo, esta opção poderá ser exercida, no prazo de um ano após a data da morte ou incapacidade do Participante, pelo Participante (ou no caso de morte por um cessionário autorizado), desde que esta opção só pode ser exercida na medida em que essa opção tenha sido exercida pelo Participante na data da sua morte ou invalidez e ainda que esta opção não possa ser exercida após a Data de Exercício Final.
(e) Término por causa. Se, antes da Data de Exercício Final, o emprego do Participante for rescindido pela Companhia por Causa (conforme definido abaixo), o direito de exercer esta opção deve terminar imediatamente após a data efetiva desse término de trabalho. Se o Participante for parte de um contrato de emprego ou de despedimento com a Companhia que contenha uma definição de & # 147; cause & # 148; para o término do emprego, & # 147; Causa & # 148; deve ter o significado atribuído a tal termo em tal acordo. Caso contrário, & # 147; Causa & # 148; significa falha intencional do Participante ou falha intencional do Participante em cumprir as suas responsabilidades com a Companhia (incluindo, sem limitação, a violação por parte do Participante de qualquer disposição de qualquer emprego, consultoria, assessoria, não divulgação, não concorrência ou outro acordo similar entre o Participante e a Companhia), conforme determinado pela Companhia, cuja determinação deve ser conclusiva. Considera-se que o Participante tenha sido dispensado por causa se a Companhia determinar, no prazo de 30 dias após a demissão do Participante, que a renúncia por causa foi justificada.
4. Direito de Primeira Recusa da Empresa.
(a) Notificação de transferência proposta. Se o Participante se propuser a vender, ceder, transferir, penhorar, hipotecar ou alienar de outra forma, por força da lei ou de outra forma (coletivamente, & # 147; transferência & # 148;) quaisquer Ações adquiridas após o exercício desta opção, então o Participante deverá primeiro informe escrito sobre a transferência proposta (o & # 147; Notificação de transferência & # 148;) para a empresa. O Aviso de Transferência deve nomear o cessionário proposto e indicar o número de ações que o Participante propõe transferir (as Ações Ofertadas & # 148;), o preço por ação e todos os outros termos e condições materiais da transferência.
(b) Direito de compra da empresa. Durante 30 dias após o recebimento desse Aviso de Transferência, a Companhia terá a opção de comprar total ou parte das Ações Ofertadas ao preço e nos termos estabelecidos no Aviso de Transferência. Caso a Companhia opte por comprar total ou parte das Ações Ofertadas, deverá notificar por escrito essa eleição para o Participante dentro desse período de 30 dias. No prazo de 10 dias após o recebimento dessa notificação, o Participante deverá licitar à Companhia em seus escritórios principais o certificado ou os certificados que representam as Ações Ofertadas a serem compradas pela Companhia, devidamente endossados ​​em branco pelo Participante ou com ações devidamente endossadas poderes anexados, tudo em uma forma adequada para a transferência das Ações Ofertadas para a Companhia. Logo após o recebimento desse certificado ou certificados, a Companhia deverá enviar ou enviar ao Participante um cheque no pagamento do preço de compra para tais Ações Ofertadas; desde que, se os termos de pagamento estabelecidos no Aviso de Transferência fossem diferentes de dinheiro contra entrega, a Companhia poderá pagar as Ações Ofertadas nos mesmos termos e condições conforme estabelecido no Aviso de Transferência; e ainda que qualquer atraso na realização desse pagamento não invalide o exercício da Companhia da opção de compra das Ações Ofertadas.
(c) Ações não compradas pela empresa. Se a Companhia não optar por adquirir todas as Ações Ofertadas, o Participante poderá, no prazo de 30 dias após o vencimento da opção outorgada à Companhia nos termos da subsecção (b) acima, transferir as Ações Ofertadas que a Companhia não possui eleito para adquirir ao cessionário proposto, desde que tal transferência não seja em termos e condições mais favoráveis ​​para o cessionário do que as contidas na Notificação de Transferência. Não obstante qualquer uma das opções acima, todas as Ações Ofertadas transferidas de acordo com esta Seção 4 permanecerão sujeitas ao direito de preferência estabelecido nesta Seção 4 e esse cessionário deverá, como condição para essa transferência, entregar à Companhia um instrumento escrito confirmando que tal cessionário estará vinculado por todos os termos e condições desta Seção 4.
(d) Conseqüências da não entrega. Após o momento em que as Ações Ofertadas devem ser entregues à Companhia para transferência para a Companhia de acordo com a subseção (b) acima, a Companhia não pagará nenhum dividendo ao Participante em razão dessas Ações Ofertadas ou permitirá ao Participante exercer qualquer dos privilégios ou direitos de um acionista em relação a tais Ações Ofertadas, mas deve, na medida do permitido por lei, tratar a Companhia como o proprietário dessas Ações Ofertadas.
(e) Transações isentas. As seguintes operações estarão isentas do disposto nesta Seção 4:
(1) qualquer transferência de Ações para ou em benefício de qualquer cônjuge, filho ou neto do Participante, ou a um fideicomisso para seu benefício;
(2) qualquer transferência de acordo com uma declaração de registro efetiva arquivada pela Companhia nos termos do Securities Act de 1933, conforme alterada (the & # 147; Securities Act & # 148;); e.
(3) a venda da totalidade ou substancialmente de todas as ações em circulação do capital social da Companhia (inclusive em conformidade com uma fusão ou consolidação);
desde que, no caso de uma transferência de acordo com a cláusula (1) acima, tais ações permanecerão sujeitas ao direito de preferência estabelecido nesta Seção 4 e esse cessionário deverá, como condição para essa transferência, entregar a a Companhia um instrumento escrito confirmando que tal cessionário estará vinculado por todos os termos e condições desta Seção 4.
(f) Atribuição de direito da empresa. A Companhia pode ceder seus direitos de compra de Ações Ofertadas em qualquer operação específica conforme esta Seção 4 a uma ou mais pessoas ou entidades.
(g) Rescisão. As disposições desta Seção 4 terminam no primeiro dos seguintes eventos:
(1) o fechamento da venda de ações da Common Stock em uma oferta pública subscrita de acordo com uma declaração de registro efetiva arquivada pela Companhia nos termos do Securities Act; ou.
(2) a venda de todas ou substancialmente todas as ações em circulação de capital social, ativos ou negócios da Companhia, por fusão, consolidação, venda de ativos ou de outra forma (que não seja uma fusão ou consolidação em que todos ou substancialmente todos os indivíduos e entidades que eram proprietários efetivos dos títulos eleitorais da Companhia, imediatamente antes dessa transação, possuem, de maneira direta ou indireta, mais de 75% (determinado com base em conversão) dos valores mobiliários em circulação com direito a voto em geral em a eleição de diretores da sociedade resultante, sobrevivente ou adquirente em tal transação).
(h) Nenhuma obrigação para reconhecer transferência inválida. A Companhia não será obrigada (1) a transferir em seus livros qualquer das Ações que tenham sido vendidas ou transferidas em violação de qualquer das disposições estabelecidas nesta Seção 4, ou (2) tratar como proprietário de tais Ações ou para pagar dividendos a qualquer cessionário a quem essas Ações tenham sido vendidas ou transferidas.
(1) No mínimo, o certificado que representa as Ações deve ter uma lenda substancialmente na seguinte forma:
& # 147; As ações representadas por este certificado estão sujeitas a um direito de preferência a favor da Companhia, conforme previsto em um determinado contrato de opção de compra de ações com a Companhia. & # 148;
(2) Além disso, todos os certificados para as ações entregues nos termos deste Contrato estarão sujeitos a tais ordens de transferência e outras restrições que a Companhia considere recomendadas de acordo com as regras, regulamentos e outros requisitos da Comissão de Valores Mobiliários, qualquer bolsa de valores em que a Companhia & As ações ordinárias da série são listadas ou qualquer sistema nacional de troca de valores mobiliários em cujo sistema as ações ordinárias da Companhia são então cotadas, ou qualquer lei federal, estatal ou de outros valores aplicável ou outra lei societária aplicável, e a Companhia pode faça com que uma legenda ou lendas sejam colocadas em tais certificados para fazer referência apropriada a tais restrições.
5. Acordo em conexão com oferta pública inicial. O Participante concorda, em conexão com a oferta pública inicial subscrita das ações ordinárias de acordo com uma declaração de registro nos termos do Securities Act, (i) não (a) oferecer, prometer, anunciar a intenção de vender, vender, contratar para vender, vender qualquer opção ou contrato para comprar, comprar qualquer opção ou contrato para vender, conceder qualquer opção, direito ou garantia para comprar, ou de outra forma transferir ou alienar, direta ou indiretamente, ações ordinárias ou quaisquer outros valores mobiliários da Companhia ou (b) entrar em qualquer swap ou outro contrato que transfira, no todo ou em parte, qualquer das consequências econômicas da titularidade de ações ordinárias ou outros valores mobiliários da Companhia, seja uma transação descrita na alínea (a) ou (b) ) deve ser liquidada mediante a entrega de valores mobiliários, em dinheiro ou de outra forma, durante o período que começa na data de depósito dessa declaração de registro junto à Comissão de Valores Mobiliários e que termina em 180 dias após a data final da p rospectus relativo à oferta (mais até 34 dias adicionais, na medida solicitada pelos subscritores gerentes para tal oferta, para atender a Regra 2711 (f) da Associação Nacional de Concessionários de Valores, Inc. ou qualquer disposição similar de sucessor) e (ii) executar qualquer acordo que reflita a cláusula (i) acima, conforme solicitado pela Companhia ou pelos seguradores controladores no momento dessa oferta. A Companhia pode impor instruções de transferência de parada com relação às ações ordinárias ou outros valores mobiliários sujeitos à restrição acima até o final do & # 147; lock-up & # 148; período.
(a) Seção 422 Requisito. As Ações outorgadas por este se destinam a qualificar como opções de ações de incentivo & # 148; nos termos da Seção 422 do Código. Não obstante o que precede, as Ações não serão qualificadas como opções de ações de incentivo, & # 148; se, entre outros eventos, (a) o Participante disponha das Ações adquiridas após o exercício desta opção no prazo de dois anos a partir da Data de Subvenção ou um ano depois de essas Ações serem adquiridas de acordo com o exercício desta opção; (b), exceto no caso da morte ou invalidez do Participante (conforme descrito na Seção 3 (d) acima), o Participante não é empregado pela Companhia, uma empresa-mãe ou uma subsidiária em todos os momentos durante o período que começa na data de outorga e terminando no dia que é três (3) meses antes da data de exercício de qualquer Ação; ou (c) na medida em que o valor justo de mercado agregado das Ações está sujeito a opções de ações de incentivo & # 148; detidos pelo Participante que se tornam exercíveis pela primeira vez em qualquer ano civil (de acordo com todos os planos da Companhia, uma empresa-mãe ou uma subsidiária) excede US $ 100.000. Para fins da cláusula deste parágrafo, o & # 147; valor de mercado justo & # 148; das Ações serão determinadas a partir da Data de Subvenção de acordo com os termos do Plano.
(b) Desqualificação Disposição. Na medida em que qualquer ação não se qualifique como uma opção de opção de incentivo, & # 148; não afetará a validade de tais Ações e constituirá uma opção de compra separada não qualificada. No caso de o Participante alienar as Ações adquiridas.
exercício desta opção no prazo de dois anos a partir da data de outorga ou um ano depois de essas Ações serem adquiridas de acordo com o exercício desta opção, o Participante deve entregar à Companhia, dentro de sete (7) dias após essa disposição, uma notificação por escrito especificando a data em que tais ações foram alienadas, o número de ações assim alienadas e, se tal disposição fosse feita por uma venda ou troca, o montante da contraprestação recebida.
(c) Retenção. Nenhuma Ação será emitida de acordo com o exercício desta opção a menos que e até que o Participante pague à Companhia, ou faça provisão satisfatória para a Companhia para o pagamento de quaisquer impostos de retenção federais, estaduais ou locais exigidos por lei para serem retidos em relação a esta opção.
7. Não transferibilidade da Opção. Salvo disposição em contrário neste documento, esta opção não pode ser vendida, cedida, transferida, comprometida ou gravada de outra forma pelo Participante, voluntariamente ou por lei, exceto pelo testamento ou as leis de descendência e distribuição e, durante a vigência de o Participante, esta opção só pode ser exercida pelo Participante.
8. Sem direitos como acionista. O Participante não terá direitos como acionista da Companhia em relação a qualquer ação ordinária coberta pelas Ações, a menos que e até que o Participante tenha se tornado o detentor do registro de tais ações ordinárias e nenhum ajuste será feito para dividendos ou outros bens, distribuições ou outros direitos em relação a tais ações ordinárias, exceto quando especificamente previsto no Plano.
9. Nenhuma obrigação para continuar o emprego. Este acordo não é um acordo de emprego. Este acordo não garante que a Empresa empregará o Participante por qualquer período de tempo específico, nem modificará, em qualquer caso, o direito da Empresa de rescindir ou modificar o emprego ou compensação do Participante.
10. Direito aplicável. Todas as questões relativas à construção, validade e interpretação deste contrato serão regidas e interpretadas de acordo com as leis do Estado de Delaware, independentemente da escolha dos seus princípios legais.
11. Seção 409A. A intenção das partes é que os benefícios ao abrigo deste contrato sejam isentos das disposições da Seção 409A do Código e, portanto, na extensão máxima permitida, este contrato deve ser interpretado como limitado, interpretado e interpretado de acordo com essa intenção. Em nenhum caso, a Companhia será responsável por quaisquer impostos, juros ou penalidades adicionais que possam ser impostas ao Participante pela Seção 409A do Código ou quaisquer danos por não cumprir com a Seção 409A do Código abaixo ou de outra forma.
12. Disposições do Plano. Esta opção está sujeita às disposições do Plano (incluindo as disposições relativas a alterações ao Plano), cuja cópia é fornecida ao Participante com esta opção.
EM TESTEMUNHO DO QUE, a Companhia fez com que esta opção fosse executada sob seu selo corporativo pelo seu oficial devidamente autorizado. Esta opção deve produzir efeitos como um instrumento selado.
Eu aceito o acordo de adjudicação da opção anterior e aceito os termos e condições do mesmo. Além disso, eu reconheço ter recebido e lido uma cópia do Plano de Incentivo de Ações 2010 da Companhia e concordar em cumprir com ela e com todas as leis e regulamentos aplicáveis.
AVISO DE EXERCÍCIO DE OPÇÃO DE ACÇÃO.
25 Primeira Rua, Quarto Andar.
Cambridge, MA 02141.
Querido senhor ou senhora:
Eu sou o detentor da 2 Opção de Compra de Ações que me foi concedida no âmbito do Plano de Incentivo de Ações 2010 da Zipcar, Inc. (The & # 147; Company & # 148;) em 3 para a compra de 4 ações ordinárias da Companhia a um preço de compra de US $ 5 por ação.
Por meio deste exercício, exerço minha opção de comprar 6 ações ordinárias (as & # 147; Ações & # 148;), para as quais eu incluí 7 no valor de 8. Registre meu certificado de estoque da seguinte forma:
Insira a data do exercício.
Insira um & # 147; um Incentivo & # 148; ou & # 147; A Nonstatutory & # 148 ;.
Insira a data da concessão.
Digite o número total de ações ordinárias para as quais a opção foi concedida.
Insira o preço de exercício da opção de ação ordinária.
Digite o número de ações ordinárias a serem adquiridas após o exercício de toda ou parte da opção.
Digite & # 147; cash & # 148 ;, & # 147; check pessoal & # 148; ou se permitido pela opção ou Plano, & # 147; certificados de estoque nº XXXX e XXXX & # 148 ;.
Insira o valor em dólares (o preço por ação das ações ordinárias o número de ações ordinárias a serem adquiridas) ou o número de ações oferecidas. O valor justo de mercado das ações oferecidas, juntamente com dinheiro ou cheque, deve cobrir o preço de compra das ações emitidas após o exercício.
Digite o (s) nome (s) para aparecer no certificado de estoque: (a) Seu nome apenas; (b) Seu nome e outro nome (ou seja, John Doe e Jane Doe, inquilinos conjuntos com direito de sobrevivência); ou (c) No caso de uma opção não estatutária apenas, o nome de uma criança, com você como guardião (ou seja, Jane Doe, Custodiante de Tommy Doe). Nota: Pode haver consequências de imposto de renda e / ou presente de registrar ações no nome de uma criança.
Número de Seguro Social do (s) Detentor (es).
Eu represento, garanto e acordo do seguinte modo:
1. Estou comprando as Ações para minha própria conta apenas para investimento, e não com vista a, ou à venda em conexão com, qualquer distribuição das Ações em violação do Securities Act de 1933 (The & # 147; Securities Act & # 148;), ou qualquer regra ou regulamento nos termos do Securities Act.
Tive a oportunidade de ter tido a oportunidade de obter de representantes da Companhia informações necessárias para me permitir avaliar os méritos e os riscos do meu investimento na Companhia.
Tenho uma experiência suficiente em assuntos de negócios, financeiros e de investimento para avaliar os riscos envolvidos na compra das Ações e para tomar uma decisão de investimento informada sobre essa compra.
Posso pagar uma perda completa do valor das Ações e posso suportar o risco econômico de deter tais Ações por um período indeterminado.
Eu entendo que (i) as Ações não foram registradas nos termos do Securities Act e são "títulos restritos" e # 148; na acepção da Regra 144 nos termos do Securities Act, (ii) as Ações não podem ser vendidas, transferidas ou descartadas de outra forma, a menos que sejam posteriormente registradas nos termos do Securities Act ou uma isenção de registro esteja disponível; (iii) em qualquer caso, a isenção do registro de acordo com a Regra 144 não estará disponível por pelo menos um ano e, mesmo assim, não estará disponível, a menos que exista um mercado público para ações ordinárias, informações adequadas sobre a Companhia estão disponíveis para o público e outros termos e condições da regra 144 são cumpridos; e (iv) agora não há declaração de registro em arquivo com a Comissão de Valores Mobiliários com relação a qualquer ação da Companhia e a Companhia não tem nenhuma obrigação ou intenção atual de registrar as Ações de acordo com a Lei de Valores Mobiliários.

US Search Mobile Web.
Bem-vindo ao fórum Yahoo Search! Nós adoramos ouvir suas idéias sobre como melhorar a Pesquisa do Yahoo.
O fórum de comentários do produto do Yahoo agora requer uma ID e senha de Yahoo válidas para participar.
Agora você precisa fazer o login usando sua conta de e-mail do Yahoo para nos fornecer feedback e enviar votos e comentários às ideias existentes. Se você não possui uma ID do Yahoo ou a senha para sua ID do Yahoo, inscreva-se para uma nova conta.
Se você tiver uma ID e senha de Yahoo válidas, siga estas etapas, se desejar remover suas postagens, comentários, votos e / ou perfil no fórum de comentários do produto do Yahoo.
Vote em uma ideia existente () ou publique uma nova ideia ...
Ideias quentes Principais ideias Novas ideias Categoria Estado Meus comentários.
Quando busco meu nome, você publica resultados estranhos. As duas imagens que são eu foram removidas de um site que eu encerrei. Remover.
Ao pesquisar meu nome, estranha propaganda de imagens de palhaço vem para o capitão o palhaço em outro estado, REMOVA-O.
e as imagens.
Todas as coisas tentando implicar coisas estranhas.
O Yahoo pode desenvolver a opção para imagens serem vistas como uma apresentação de slides? Isso ajudaria em vez de ter que percorrer cada imagem e tornar esta experiência do Yahoo mais agradável. Obrigado pela sua consideração.
Você me disse para adicionar minhas outras contas, adicionei minha conta do Gmail, mas você não respondeu bem.
Não vê a sua ideia? Publique uma nova ideia ...
US Search Mobile Web.
Feedback e Base de Conhecimento.
Dê retorno.
Deutschland Finanzen Mobile DF iOS 1 idéia España Finanzas Mobile DF iOS 7 ideias Contas Painel 33 ideias Opinião do anúncio 3 ideias Respostas TH 31 ideias Respostas TH 0 idéias Respostas Fórum UV (versão de teste) 10 ideias Austrália Ideias de celebridades 0 Austrália Finanças Mobile Android 0 ideias Austrália Estilo 0 ideias Austrália Yahoo Tech 0 idéias Autos Impulso 2 idéias Aviate 1.513 idéias Canadá Finanças 1.099 ideias Canadá Finanças Mobile Android 0 ideias Canadá Finanças Mobile DF iOS 3 idéias Canadá Finanças Mobile iOS 467 ideias Canadá Homepage 5,112 ideias Canadá Filmes 14 ideias Notícias do Canadá 873 ideias Canadá com segurança 10 idéias Canadá Tela 128 idéias Canadá Clima 94 ideias Canadá Yahoo Beleza 0 idéias Canadá Yahoo Celebrity 10 ideias Canadá Yahoo Finanças 0 ideias Canadá Yahoo Filmes 10 ideias Canadá Yahoo Notícias 0 idéias Canadá Yahoo Estilo 21 idéias Futebol universitário Escolher & # 39; em 112 idéias TV conectada 361 idéias Corp Mail Test 1 1.313 idéias Corp Mail Testing 1.256 idéias Cricket 21 ideias Daily Fantasy 88 ideias Developer Netwo rk 1 ideia Double Down 86 ideias Fantasy Baseball 430 ideias Fantasy Basketball 396 ideias Fantasy Football 704 ideias Fantasy Hockey 341 ideias Fantasy Live Scoring em Matchup e Classificações 807 ideias Fantasy Sports Aplicações Android 1.367 ideias Fantasy Sports iOS Apps 2.112 idéias Finanças 1.205 ideias Finanças - CA 493 idéias Finanças - Identidades dos EUA 9 Finanças Ideias ChartIQ 434 Finanças Mobile Web 403 idéias Finanças Portfolios 810 idéias Finanças Triagem de ações 35 idéias Finanças Tablet 44 idéias Flickr - Perfil 290 idéias Flickr Android 60 idéias Flickr para Apple TV 25 idéias Flickr Grupos 12 idéias Flickr Interno 0 ideias Flickr iOS Dogfooding 0 idéias Flickr iPad 132 idéias Flickr iPhone 320 idéias Flickr Nova foto Página 8,030 idéias Flickr Pesquisa 0 ideias Food Revistas 0 idéias Jogos 3,147 ideias Mapas globais 1,022 ideias GS Mobile Web 42 idéias Health Pulse 3 ideias Home Page (Android) 1.689 ideias Home Page (iOS) 3.808 ideias Hong Kong Homepage 0 ideias Índia Celebridade 43 ideias Índia Finanças 493 ideias Índia Homepage 1.867 idéias Índia Estilo de vida 173 idéias Índia Filmes 84 idéias Índia Notícias 327 idéias Índia Parceiro Tata 0 idéias Índia Parceiro Portal Tikona 0 idéias Índia com segurança 15 idéias Índia Tela 165 idéias Índia Tempo 30 ideias Índia Yahoo Beleza 0 idéias Índia Yahoo Celebridade 4 idéias Índia Yahoo Finanças 0 ideias Índia Yahoo Filmes 16 idéias Índia Yahoo Notícias 0 ideias Índia Yahoo Estilo 14 idéias Indonésia Celebridade 38 ideias Indonésia Página inicial 1.155 ideias Indonésia Notícias 170 ideias Indonésia com segurança 29 ideias Indonésia Ela 34 ideias Irlanda Homepage 90 idéias Jordânia Maktoob Homepage 419 idéias Comentários de mensagens de correio electrónico 10 ideias Maktoob الطقس مكتوب 5 ideias Maktoob Celebridade 1 ideia Maktoob Entretenimento 10 ideias Maktoob Estilo de vida 0 ideias Maktoob Filmes 2 ideias Maktoob Notícias 182 idéias Maktoob Tela 15 ideias Maktoob Id. de estilo 1 Maktoob ألعاب مكتوب 0 ideias Maktoob شاشة مكتوب 28 ideias Malásia Homepage 17 ideias Malásia Notícias 58 ideias Malásia com segurança 6 ideias Malásia Video 0 ideias Malásia Tempo 1 idéia Merchant Solutions 1 ideia My Yahoo 31,903 ideias Meu Yahoo - backup 1 idéia Meu Yahoo - US 9,176 ideias Meu Yahoo arquivo 314 idéias Novo Correio 9,863 idéias Novo Correio * 3,165 idéias Nova Zelândia Negócios & Finanças 132 idéias Nova Zelândia Página inicial 1.039 idéias Nova Zelândia com segurança 3 idéias Nova Zelândia Tela 0 idéias Notícias do PH ANC 21 ideias Filipinas Celebridade 214 ideias Filipinas Página inicial 8 ideias Filipinas Notícias 123 idéias Filipinas com segurança 12 idéias Filipinas Vídeo 0 idéias Filipinas Tempo 3 idéias Pick N Roll 19 ideias Postmaster 43 ideias Pro Football Pick & # 39; em 103 ideias Varejo Pulse 0 idéias Rivais 11 idéias com segurança 165 idéias Tela para idéias iOS 0 Busca extensões 96 idéias Pesquisar Downloads de produtos 88 idéias Segurança 497 ideias Experiência de login 79 idéias Singapura Entretenimento 20 idéias Cingapura Finanças 230 idéias Cingapura Página inicial 1.049 idéias Cingapura Notícias 212 idéias Cingapura com segurança 11 idéias Cingapura Tela 19 idéias Cingapura Tempo 4 idéias Cingapura Yahoo Beleza 0 idéias Cingapura Yahoo Ideias da celebridade 4 Cingapura Yahoo Finanças 0 idéias Cingapura Yahoo Filmes 0 idéias Cingapura Yahoo Notícias 0 idéias Singapore Yahoo Style 4 ideas Idéias da celebridade da África do Sul Ideia da África do Sul 374 idéia s África do Sul Notícias 23 ideias Esportes Android 1,534 ideias Esportes CA 34 ideias Esportes iOS 1.025 ideias Esportes Redesign 3.187 ideias SportsReel 6 ideias StatTracker Beta 571 ideias Survival Futebol 81 ideias Taiwan Yahoo 名人 娛樂 0 ideias Taiwan Yahoo 運動 0 ideias Tailândia Safely 2 ideias Toolbar Mail App 216 ideas Toolbar Weather App 72 ideias Tourney Pick & # 39; em 41 ideias UK & amp; Irlanda Finanças 1.077 ideias UK & amp; Jogos da Irlanda 19 ideias UK & amp; Homepage da Irlanda 441 ideias UK & amp; Irlanda Notícias 0 ideias UK & amp; Ireland News Balde interno 0 ideias UK & amp; Irlanda Notícias Lego 376 ideas UK & amp; Irlanda com segurança 38 ideias UK & amp; Irlanda TV 21 ideias UK & amp; Irlanda Vídeo 187 ideias UK & amp; Irlanda Tempo 99 ideias UK Respostas 1 ideia UK Daily Fantasy 0 ideias UK Finanças Mobile Android 12 ideias UK Finanças Mobile DF iOS 2 idéias UK Finanças Mobile iOS 308 idéias UK Yahoo Movies 23 ideias US Respostas 8,964 ideias Respostas dos EUA Mobile Web 2.115 idéias US Autos GS 442 ideias US Celebrity GS 661 ideias EUA Comentários 350 ideias US Finance Mobile Android 44 idéias US Finance Mobile iOS 560 idéias US Flickr 246 ideias EUA 4,162 ideias EUA Homepage B1 68 ideias US Homepage B2 33 ideias US Homepage B3 50 ideias US Homepage B4 33 ideias Página inicial dos EUA B5 0 ideias Página inicial dos EUA M 7,021 ideias Página inicial dos EUA YDC 43 ideias US Homes GS 203 idéias US Live Web Insights 24 idéias US Mail 193 ideias US Mail 12,275 ideias EUA Mapas 3,491 idéias US Membership Desktop 8,103 ideias US Membership Mobile 91 ideias US Filmes GS 424 ideias US Music GS 195 ideias US News 6,017 ideias US Search App Android 2 ideias US Search App iOS 12 ideias US Search Chrome Extension 780 ideias US Chrome Chrome Extensão v2 2,197 ideias US Search Desktop 39 ideia s US Search Desktop Bucket A 7 ideias US Search Desktop Bucket B 8 ideias US Pesquisar KG 16 ideias US Pesquisar Locais Listings 20,777 ideias EUA Busca Mobile Web 3 ideias EUA Busca Mozilla 1 ideia EUA Pesquisar Stock Quotes 11 ideias US Pesquisar Tablet Web 1 ideia EUA Shine GS 1 idéia US Toolbar 5,549 ideias US Travel GS 207 idéias EUA TV GS 367 ideias US Weather 2,314 idéias EU Weather Bucket 0 ideias EUA Tempo Mobile 13 ideias US Weather Mobile Android 2 ideias Guia de vídeo Android 150 ideias Guia de vídeo iOS 206 ideias Guia de vídeo Testando 15 idéias Web Hosting 4 idéias Yahoo Acessibilidade 359 idéias Yahoo Autos 71 idéias Yahoo Beauty 100 ideias Yahoo Celebrity 0 ideias Yahoo Celebrity Canada 0 ideias Yahoo Decor 0 ideias Yahoo Entertainment 355 ideias Yahoo Esports 50 ideias Yahoo Feedback 0 ideias Yahoo Finance Feedback Forum 1 ideia Yahoo Finance IN Mobile Android 0 ideias Yahoo Finance SG Mobile Android 1 idéia Yahoo FinanceReel 4 ideias Yahoo Comida 118 idéias Yahoo Gemini 2 ideias Yahoo Health 90 idéias Yahoo ajuda 258 ideias Yaho o Home 207 ideias Yahoo Home * 28 ideias Yahoo Lifestyle 168 idéias Yahoo Live 0 ideias Yahoo Mail 2,214 ideias Yahoo Mail Aplicativo Android 403 ideias Yahoo Mail Basic 635 ideias Yahoo Mail iOS App 49 idéias Yahoo Mail Mobile Web 1 ideia Yahoo Makers 51 ideias Yahoo Messenger 83 idéias Yahoo Mobile Developer Suite 61 idéias Yahoo Mobile para ideias do telefone 15 Yahoo Mobile para idéias do Tablet 0 Yahoo Music 77 idéias Yahoo News Digest Ideias do Android 870 Yahoo News Digest Ideias do iPad 0 Yahoo News Digest iPhone 1,531 idéias Aplicação de Android do Newsroom 56 idéias Yahoo Newsroom iOS App 33 ideias Yahoo Parenting 63 ideias Yahoo Política 118 idéias Yahoo Publishing 13 ideias Yahoo Real Estate 2 ideias Yahoo Tech 459 idéias Yahoo Travel 143 idéias Yahoo TV 102 ideias Yahoo Ver 210 ideias Yahoo Weather Android 2,140 ideias Yahoo Weather iOS 22,732 ideias Yahoo! 7 Food App (iOS) 0 ideias Yahoo! 7 Página inicial Archive 57 ideas Yahoo! 7 Notícias (iOS) 23 ideias Yahoo! 7 Tela 0 ideias Yahoo! 7 TV FANGO App (Android) 1 ideia Yahoo! 7 aplicação TV FANGO (iOS) 1 ideia Yahoo! 7 TV Guide App (Android) 0 ideias Yahoo! 7 Guia de TV Guia (iOS) 1,248 ideias Yahoo! 7 Aplicação TV Plus7 (iOS) 0 ideias Yahoo! Centro de Feedback do Teste de Conceito 174 idéias Yahoo! Idéia de Contributor Network 1 Yahoo! Transliteração 29 ideias YAHOO! 7 Finanças 551 idéias Yahoo! 7 Jogos 9 ideias Yahoo! 7 Safely 19 ideias Yahoo7 Finanças Mobile DF iOS 12 ideias Yahoo7 Finanças Mobile iOS 217 ideias Yahoo7 Homepage 2.545 ideias.
Sua senha foi alterada.
Fizemos alterações para aumentar nossa segurança e restabelecer sua senha.
Acabamos de enviar-lhe um e-mail para. Clique no link para criar uma senha, depois volte aqui e faça o login.

Contrato de opção de compra de ações de incentivo.
Contrato de opção.
Este Contrato de Opção envolve.
FBL FINANCIAL GROUP INC | FBL FINANCIAL GROUP, INC.
Título: CONTRATO DE OPÇÃO DE INCENTIVO.
FBL FINANCIAL GROUP, INC.
CONTRATO DE OPÇÃO DE INCENTIVO.
DATA PRIMEIRA EXERCÍCIA: Um ano a partir da data da concessão.
DATA DE EXPIRAÇÃO: dez anos a partir da data da concessão.
NÚMERO DE ACÇÕES COBERTAS POR ESTA OPÇÃO:
ESTE ACORDO DE OPÇÃO (o "Contrato"), vigente a partir da data da concessão estabelecida acima, é entre FBL Financial Group, Inc., uma corporação de Iowa (a "Companhia") e o Optionee acima descrito, quem é um empregado de a Companhia ou uma de suas Subsidiárias, de acordo com o Plano de Remuneração Comum de Ações da Classe A da FBL Financial Group, Inc., adotado pelo Conselho de Administração da Companhia em 16 de novembro de 2005 e aprovado pelos acionistas da Companhia em 17 de maio de 2005. 2006, conforme alterado posteriormente (o "Plano"). O Plano prevê a concessão de Opções de Ações Incentivas na acepção da Seção 422 do Código da Receita Federal de 1986, conforme alterada (o "Código") pelo Conselho de Administração da Companhia (o "Conselho") ou por um comitê nomeado pelo Conselho (o "Comitê") para determinados Empregados Elegíveis, conforme definido no Plano. Os termos em maiúsculas utilizados neste Contrato devem ter o mesmo significado definido no Plano, a menos que seja definido de outra forma aqui. As referências à Companhia utilizadas neste Contrato podem significar, conforme o contexto requer, o Conselho de Administração ou qualquer comitê nomeado pelo Conselho de Administração da Companhia para administrar o Plano e desempenhar as funções nele previstas. As partes acordam no seguinte:
1. Concessão de opção de compra de ações em preço de opção. A Companhia, por meio deste, concede ao Operetista a Opção para comprar o número de ações ordinárias da Classe A, sem valor nominal da Companhia ("Ações Ordinárias") estabelecidas acima no Preço da Opção por ação estabelecido acima; desde que, no entanto, o preço da opção por ação não seja inferior a 100% (110% no caso de o Titular de opção ser um acionista de dez por cento conforme definido no plano a partir da data de concessão) do Valor justo de mercado (como definido no Plano) de uma parcela do estoque comum a partir da data da concessão, sujeito aos termos e condições deste Contrato. Esta Opção é pretendida pelas partes e deve ser tratada como uma Opção de Ação de Incentivo, na acepção da Seção 422 do Código. No entanto, em nenhum caso, a opção será considerada uma Opção de Ações de Incentivo se mais de US $ 100.000 no valor agregado de mercado justo (determinado a partir da data da concessão) se tornar exercível pela primeira vez em qualquer ano civil.
2. Duração da opção de compra de ações. A Opção poderá ser exercida de acordo com este Contrato e o Plano até a Data de Vencimento estabelecida acima; desde que, no entanto, esta opção não possa ser exercida em nenhuma circunstância após o vencimento de dez (10) anos (cinco (5) anos no caso de Optionee ser um acionista de dez por cento a partir da data da concessão) a partir da data de Conceder. A Companhia pode prorrogar a Data de Vencimento de acordo com o Plano mediante notificação por escrito ao Titular de Opções, mas em nenhum caso o prazo dessa Opção tal como prolongado excederá o prazo máximo previsto na frase anterior.
3. Vesting of Stock Option.
(a) Vesting de cinco anos. Esta Opção deve tornar-se exercível em relação a 20% do número de ações cobertas por esta Opção estabelecida acima em qualquer momento em ou após a primeira data de aniversário da Data de Concessão (the & ldquo; Date First Exercisable & rdquo;). Um adicional de 20% do número de ações cobertas por esta Opção deverá ser comprado a qualquer momento em ou após cada segundo do quinto aniversário da data da concessão. Na medida em que não sejam exercidas, as parcelas devem ser acumuladas, no todo ou em parte, a qualquer momento após se tornarem exercíveis, mas não mais tarde do que a Data de Vencimento.
(b) Aceleração. A Companhia pode acelerar a possibilidade de exercício desta Opção, ou qualquer parte dela, em qualquer momento, mediante notificação por escrito ao Titular de Opções. Não obstante as disposições acima descritas da Seção 3 (a), esta Opção deverá tornar-se imediatamente exercível integralmente mediante (i) a morte, invalidez ou aposentadoria do Optionee conforme descrito na Seção 4, ou (ii) a ocorrência de uma Mudança no Controle como definido no Plano seguido pelo primeiro do seguinte para ocorrer dentro dos próximos 24 meses: (A) a Companhia encerra o emprego do Oporté para outra que não seja Causa, (B) o Titular do Contrato expira emprego por Bom Razão.
(i) o fracasso voluntário e contínuo do Optionee de realizar substancialmente os deveres do Optionee com a Companhia ou suas Afiliadas (além de qualquer falha resultante da incapacidade do Optionee devido a doença física ou mental), após uma demanda escrita de desempenho substancial ser entregue a o Operetista pela Companhia, que identifica especificamente a forma como a Companhia acredita que o Titular não realizou substancialmente seus deveres;
(ii) a condenação final do Titular de Opções, ou a inscrição de uma culpabilidade ou um pedido de não julgamento por parte do Titular de Opções, um crime; ou.
(iii) o envolvimento deliberado pelo Optionee em conduta ilegal ou má conduta grave que é material e comprovadamente prejudicial à Companhia.
Para os fins desta definição, nenhum ato ou falha em agir por parte do Optionee deve ser considerado & ldquo; willful & rdquo; a menos que seja feito, ou omitido, pelo Optionee de má fé ou sem uma crença razoável de que a ação ou omissão fosse no melhor interesse da Companhia ou de suas Afiliadas. Qualquer ato ou falha em ação, com base na autoridade dada em conformidade com uma resolução devidamente adotada pelo Conselho, as instruções de um funcionário mais antigo da Companhia ou o conselho de advogados da Companhia ou de suas Afiliadas serão presumidamente concluídos , ou omitido, pelo Optionee de boa fé e no melhor interesse da Companhia e de suas Afiliadas.
(d) Boa razão. & ldquo; Good Reason & rdquo; significa uma ou mais das seguintes condições, decorrentes sem o consentimento do Optionee:
(i) Uma diminuição material na autoridade, deveres ou responsabilidades do Optionee;
(ii) Uma diminuição material na compensação base do Optionee;
(iii) Uma diminuição substancial na autoridade, deveres ou responsabilidades do funcionário ou funcionário corporativo a quem o Titular é obrigado a relatar, incluindo um requisito de que o Titular de Opções seja reportado a um funcionário ou funcionário corporativo em vez de informar diretamente ao Conselho.
(iv) Uma diminuição material no orçamento sobre o qual o Optionee mantém autoridade;
(v) Uma mudança material na localização geográfica em que o Optionee deve executar os serviços que o Optionee fornece à Companhia; ou.
(vi) Qualquer outra ação ou inatividade que constitua uma violação material pela Companhia de qualquer acordo sob o qual o Optionee presta serviços.
4. Cessação do emprego por aposentadoria, morte ou deficiência. Se, sem ter exercido plenamente esta Opção, o Titular do Opções deverá morrer ou o emprego do Optionee com a Companhia ou qualquer Subsidiária (conforme definido no Plano) da Companhia é rescindido por Retirada ou Incapacidade (cada uma conforme definido no Plano) e se at such time this Option is not yet exercisable, then Optionee's rights to purchase all of the Common Stock subject to this Option shall immediately vest, and Optionee or Optionee's legal representative or beneficiary (or such persons who have acquired Optionee's rights under the Option by will or by the laws of descent and distribution), as applicable, shall have the right to exercise this Option for a period ending on the earlier of (a) the Date of Expiration, or (b) the third anniversary date of such termination of employment , and the Option shall thereafter terminate. Notwithstanding the above provisions of this Section 4, the Company may extend the period for the exercise of this Option in accordance with the Plan by written notice to Optionee, but in no event shall the term of this Option as so extended exceed the maximum term provided for in Section 2. Optionee acknowledges and understands that (a) if Optionee exercises this Option more than one year after termination of employment with the Company or any Subsidiary by reason of Disability (three months if the Disability is not a disability within the meaning of Section 22(e)(3) of the Code), or (b) this option is exercised more than three months after termination of Optionee's employment for any other reason except death, the provisions of Section 421(a) of the Code, including the provision thereof that no income shall result at the time of the exercise of the Option, shall not apply.
5. Termination of Employment for Other Reasons . If, without having fully exercised this Option, Optionee's employment with the Company or any Subsidiary is terminated for reasons other than Optionee's death, Disability or Retirement (including Optionee's ceasing to be employed by the Company or a Subsidiary as a result of the sale of such Subsidiary or an interest in such Subsidiary), and if at such time this Option is not yet exercisable, then Optionee's rights under this Option shall immediately terminate. However, if at the date of such termination of Optionee's employment, this Option or a portion of this Option is exercisable, then Optionee shall have the right to exercise this Option, to the extent exercisable at the time of Optionee's termination of employment, for a period ending on the earlier of (a) the Date of Expiration, or (b) thirty (30) days following such termination of employment, and the Option shall thereafter terminate. Notwithstanding the above provisions of this Section 5, the Company may extend the period for the exercise of this Option in accordance with the Plan by written notice to Optionee, but in no event shall the term of this Option as so extended exceed the maximum term provided for in Section 2.
6. Procedure for Exercise of Option .
(a) Minimum Shares . This Option may be exercised in whole or in part, but not for less than one hundred (100) shares of Common Stock at any one time, unless fewer than one hundred (100) shares are then purchasable under the Option and the Option is then being exercised as to all such shares.
(b) Written Notice . This Option may be exercised by giving written notice in the form attached to the Company's designated representative at the Company's principal executive office. This Option may be exercised during Optionee's lifetime only by Optionee or Optionee's legal representative or after Optionee's death only by Optionee's legal representative, beneficiary. Such notice shall (i) be signed by the Optionee or Optionee's legal representative or beneficiary entitled to exercise the Option and, if being exercised by any person other than Optionee, be accompanied by proof, satisfactory to counsel for the Company, of the right of such person to exercise the Option; (ii) state the person(s) in whose name the shares of Common.
Stock are to be registered, and the street address and the tax identification or social security number of such person(s); (iii) specify the number of full shares of Common Stock then elected to be purchased with respect to the Option and the date of exercise thereof; (iv) contain such representations and agreements as may be satisfactory to counsel for the Company and, unless a Registration Statement under the Securities Act of 1933, as amended (the “Securities Act”) is in effect with respect to the shares to be purchased, contain a representation of Optionee or Optionee's legal representative or beneficiary, as applicable, that the shares of Common Stock are being acquired for investment, and that the shares will not be sold or otherwise transferred except in compliance with all applicable securities laws and regulations and all requirements of any stock exchange or market upon which such shares of Common Stock are then listed and/or traded; and (v) be accompanied by payment in full of the Option Price of the shares to be.
RealDealDocs & trade; categorizou esses documentos e os fez pesquisáveis ​​usando a mesma tecnologia RealPractice proprietária que é implantada em alguns dos maiores escritórios de advocacia do país, para que você tenha as melhores ferramentas em qualquer lugar para aproveitar esse produto de trabalho.
Direitos autorais e cópia; 2018 RPCD Holdings LLC. Todos os direitos reservados.

Stock Option Agreement for Equity Incentive Plan.
This stock option agreement is intended to be used under an equity incentive plan (or stock plan). An option agreement grants to the holder of the options a right to purchase stock at a set price sometime in the future. Download this free stock option agreement below.
Need to connect with a labor & employment lawyer near you?
Most attorneys on UpCounsel offer free consultations.
Need to connect with a labor & employment lawyer near you?
Most attorneys on UpCounsel offer free consultations.
EQUITY INCENTIVE PLAN NOTICE OF STOCK OPTION GRANT AND STOCK OPTION AGREEMENT.
Pursuant to its [ Current Year ] Equity Incentive Plan (the “Plan”), as amended from time to time (the “Plan”), [ Company Name ] a Delaware corporation (the “Company”), hereby grants to the Optionee listed below (“Optionee”), an option to purchase the number of shares of the Company’s Common Stock set forth below, subject to the terms and conditions of the Plan and this Stock Option Agreement (this “Option Agreement”). Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Option Agreement.
1. AVISO DE CONCESSÃO DE OPÇÃO DE STOCK.
Date of Option Agreement:
[ Option Agreement Date ]
Vesting Start Date:
[ Vesting Start Date ]
Preço de exercício por ação:
[ Exercise Price Per Share ]
Número total de ações concedidas:
[ Number of Shares Granted ]
Total Exercise Price:
_____ Shares Incentive Stock Options.
_____ Shares Non-Statutory Stock Options.
1.1. Programação de Vesting. The Shares subject to this Option shall vest according to the following schedule: Twenty-five percent (25%) of the Shares subject to the Option (rounded down to the next whole number of shares) shall vest on the first anniversary of the Vesting Start Date and 1/48th of the Shares subject to the Option shall vest monthly thereafter so that one hundred percent (100%) of the Shares subject to the Option are vested on the fourth anniversary of the Vesting Start Date, subject to the Optionee remaining a Service Provider through each such vesting date (unless otherwise determined by the Administrator).
1.2. Termination Period . This Option may be exercised, to the extent vested, for three (3) months after Optionee ceases to be a Service Provider, or such longer period as may be applicable upon the death or Disability of Optionee as provided herein (or, if not provided herein, then as provided in the Plan), but in no event later than the Term/Expiration Date as set forth above.
1.3. Transferability . You may not transfer this Option.
2.1. Grant of Option . The Company hereby grants to the Optionee an Option to purchase the number of shares of Common Stock (the “Shares”) set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant (the “Exercise Price”). Notwithstanding anything to the contrary anywhere else in this Option Agreement, this grant of an Option is subject to the terms, definitions and provisions of the Plan, which is incorporated herein by reference.
2.2. Designation of Option . If designated in the Notice of Grant as an Incentive Stock Option, this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code; provided, however, that to the extent that the aggregate Fair Market Value of the Common Stock with respect to which Incentive Stock Options (within the meaning of Code Section 422, but without regard to Code Section 422(d)), including the Option, are exercisable for the first time by Optionee during any calendar year (under the Plan and all other incentive stock option plans of the Company (or any “parent corporation” or “subsidiary corporation” thereof within the meaning of Code Sections 424(e) or 424(f), respectively)) exceeds $100,000, such options shall be treated as not qualifying under Code Section 422, but rather shall be treated as Non-Qualified Stock Options to the extent required by Code Section 422. The rule set forth in the preceding sentence shall be applied by taking options into account in the order in which they were granted. For purposes of these rules, the Fair Market Value of the Common Stock shall be determined as of the time the option with respect to such stock is granted.
2.3. Exercício da Opção. This Option is exercisable as follows:
2.3.1.1. This Option shall be exercisable cumulatively according to the vesting schedule set out in the Notice of Grant. For purposes of this Option Agreement, Shares subject to this Option shall vest based on Optionee’s continued status as a Service Provider, unless otherwise determined by the Administrator.
2.3.1.2. This Option may not be exercised for a fraction of a Share.
2.3.1.3. In the event of Optionee’s death, Disability or other termination of Continuous Service Status, the exercisability of this Option is governed by Section 5 below, subject to the limitations contained in this Section 2.3.
2.3.1.4. In no event may this Option be exercised after the Expiration Date set forth in the Notice.
2.3.2. Method of Exercise . This Option shall be exercisable by written notice to the Company (in the form attached as Exhibit A) (the “Exercise Notice”). The Exercise Notice shall state the number of Shares for which the Option is being exercised, and such other representations and agreements with respect to such Shares of Common Stock as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice shall be signed by Optionee and shall be delivered in person or by certified mail to the Secretary of the Company or such other authorized representative of the Company. The Exercise Notice shall be accompanied by payment of the Exercise Price, including payment of any applicable withholding tax. No Shares shall be issued pursuant to the exercise of an Option unless such issuance and such exercise comply with all relevant provisions of law and the requirements of any stock exchange upon which the Shares may then be listed. Assuming such compliance, for income tax purposes the Shares shall be considered transferred to Optionee on the date on which the Option is exercised with respect to such Shares.
2.4. Lock-Up Agreement . Optionee hereby agrees that if so requested by the Company or any representative of the underwriters (the “Managing Underwriter”) in connection with any registration of the offering of any securities of the Company under the Securities Act, Optionee shall not sell or otherwise transfer any Shares or other securities of the Company during the 180day period (or such longer period as may be requested in writing by the Managing Underwriter and agreed to in writing by the Company) (the “Market Standoff Period”) following the effective date of a registration statement of the Company filed under the Securities Act; provided, however, that such restriction shall apply only to the first registration statement of the Company to become effective under the Securities Act that includes securities to be sold on behalf of the Company to the public in an underwritten public offering under the Securities Act. The Company may impose stoptransfer instructions with respect to securities subject to the foregoing restrictions until the end of such Market Standoff Period and these restrictions shall be binding on any transferee of such Shares. Notwithstanding the foregoing, the 180-day period may be extended for up to such number of additional days as is deemed necessary by the Company or the Managing Underwriter to continue coverage by research analysts in accordance with NASD Rule 2711 or any successor rule.
2.5. Method of Payment . Payment of the Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee:
2.5.3. with the consent of the Administrator, a full recourse promissory note bearing interest (at no less than such rate as is a market rate of interest and which then precludes the imputation of interest under the Code), payable upon such terms as may be prescribed by the Administrator and structured to comply with Applicable Laws;
2.5.4. with the consent of the Administrator, surrender of other Shares of Common Stock of the Company which have a Fair Market Value on the date of surrender equal to the Exercise Price of the Shares as to which the Option is being exercised;
2.5.5. with the consent of the Administrator, surrendered Shares issuable upon the exercise of the Option having a Fair Market Value on the date of exercise equal to the aggregate Exercise Price of the Option or exercised portion thereof;
2.5.6. with the consent of the Administrator, property of any kind which constitutes good and valuable consideration;
2.5.7. following the Public Trading Date, with the consent of the Administrator, delivery of a notice that the Optionee has placed a market sell order with a broker with respect to Shares then issuable upon exercise of the Option and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the aggregate Exercise Price; provided, that payment of such proceeds is then made to the Company upon settlement of such sale; ou.
2.5.8. with the consent of the Administrator, any combination of the foregoing methods of payment.
2.6. Restrictions on Exercise . This Option may not be exercised until the Plan has been approved by the stockholders of the Company. If the issuance of Shares upon such exercise or if the method of payment for such Shares would constitute a violation of any applicable federal or state securities or other law or regulation, then the Option may also not be exercised. The Company may require Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation before allowing the Option to be exercised.
2.7. Termination of Relationship . If Optionee ceases to be a Service Provider (other than by reason of Optionee’s death or Disability), Optionee may exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested on the date on which Optionee ceases to be a Service Provider. To the extent that the Option is not vested on the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.
2.8. Disability of Optionee . If Optionee ceases to be a Service Provider as a result of his or her Disability, Optionee may exercise the Option to the extent the Option was vested at the date on which Optionee ceases to be a Service Provider, but only within twelve (12) months from such date (and in no event later than the expiration date of the term of this Option as set forth in the Notice of Grant). To the extent that the Option is not vested at the date on which Optionee ceases to be a Service Provider, or if Optionee does not exercise such Option within the time specified herein, the Option shall terminate.
2.9. Death of Optionee . If Optionee ceases to be a Service Provider as a result of the death of Optionee, the vested portion of the Option may be exercised at any time within twelve (12) months following the date of death (and in no event later than the expiration date of the term of this Option as set forth in the Notice of Grant) by Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance. To the extent that the Option is not vested on the date of death, or if the Option is not exercised within the time specified herein, the Option shall terminate.
2.10. Non-Transferability of Option . This Option may not be transferred in any manner except by will or by the laws of descent or distribution. It may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
2.11. Term of Option . This Option may be exercised only within the term set out in the Notice of Grant.
2.12. Restrictions on Shares . Optionee hereby agrees that Shares purchased upon the exercise of the Option shall be subject to such terms and conditions as the Administrator shall determine in its sole discretion, including, without limitation, restrictions on the transferability of Shares, and a right of first refusal in favor of the Company with respect to permitted transfers of Shares. Such terms and conditions may, in the Administrator’s sole discretion, be contained in the Exercise Notice with respect to the Option or in such other agreement as the Administrator shall determine and which the Optionee hereby agrees to enter into at the request of the Company.
2.13. Corporate Transactions . If the Company undergoes an Acquisition, then any surviving corporation or entity or acquiring corporation or entity, or affiliate of such corporation or entity, may assume any Awards outstanding under the Plan or may substitute similar stock awards (including an award to acquire the same consideration paid to the stockholders in the transaction) for those outstanding under the Plan. In the event any surviving corporation or entity or acquiring corporation or entity in an Acquisition, or affiliate of such corporation or entity, does not assume such Awards or does not substitute similar stock awards for those outstanding under the Plan, then with respect to (i) Awards held by participants in the Plan whose status as a Service Provider has not terminated prior to such event, the vesting of such Awards (and, if applicable, the time during which such awards may be exercised) shall be accelerated and made fully exercisable and all restrictions thereon shall lapse at least ten (10) days prior to the closing of the Acquisition (and the Awards terminated if not exercised prior to the closing of such Acquisition) and (ii) any other Awards outstanding under the Plan, such Awards shall be terminated if not exercised prior to the closing of the Acquisition.
2.14.1. Generally . Optionee shall, if required by the Administrator, enter into an election with the Company or a Subsidiary (in a form approved by the Company) under which any liability to the Company’s (or a Subsidiary’s) Tax Liability, including, but not limited to, National Insurance Contributions (“NICs”) and the Fringe Benefit Tax (“FBT”), is transferred to and met by Optionee. For purposes of this Section 13, Tax Liability shall mean any and all liability under non-U. S. applicable laws, rules or regulations from any income tax, the Company’s (or a Subsidiary’s) NICs, FBT or similar liability and the Optionee’s NICs, FBT or similar liability that are attributable to: (A) the grant or exercise of, or any other benefit derived by the Optionee from the Option; (B) the acquisition by Optionee of the Shares on exercise of the Option; or (C) the disposal of any Shares acquired upon exercise of the Option.
2.14.2. Tax Indemnity . Optionee shall indemnify and keep indemnified the Company and any of its Subsidiaries from and against any Tax Liability.
2.14.3. 409A Valutions . In addition, you agree and acknowledge that your rights to any Shares underlying this Option will be earned only as you provide services to the Company over time, that the grant of this Option is not as consideration for services you rendered to the Company prior to your date of hire, and that nothing in this Notice or the attached documents confers upon you any right to continue your employment or consulting relationship with the Company for any period of time, nor does it interfere in any way with your right or the Company’s right to terminate that relationship at any time, for any reason, with or without cause. Also, to the extent applicable, the Exercise Price Per Share has been set in good faith compliance with the applicable guidance issued by the IRS under Section 409A of the Code. However, there is no guarantee that the IRS will agree with the valuation, and by signing below, you agree and acknowledge that the Company shall not be held liable for any applicable costs, taxes, or penalties associated with this Option if, in fact, the IRS were to determine that this Option constitutes deferred compensation under Section 409A of the Code. You should consult with your own tax advisor concerning the tax consequences of such a determination by the IRS.
2.15. Consideration to the Company . In consideration of the grant of Options by the Company, Optionee agrees to render faithful and efficient services to the Company or any Subsidiary. Nothing in the Plan or this Agreement shall confer upon Opionee any right to (a) continue in the employ of the Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which are hereby expressly reserved, to discharge Optionee, if Optionee is an Employee, or (b) continue to provide services to the Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company or its Subsidiaries, which are hereby expressly reserved, to terminate the services of Optionee, if Optionee is a Consultant, at any time for any reason whatsoever, with or without cause, except to the extent expressly provided otherwise in a written agreement between the Company and Optionee.
2.16.1. Lei aplicável. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Delaware without giving effect to principles of conflicts of law.
2.16.2. Entire Agreement; Enforcement of Rights . This Agreement, together with the Notice to which this Agreement is attached and the Plan, sets forth the entire agreement and understanding of the parties relating to the subject matter herein and therein and merges all prior discussions between the parties. Except as contemplated under the Plan, no modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party.
2.16.3. Severability . If one or more provisions of this Agreement are held to be unenforceable under Applicable Laws, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in accordance with its terms. (d) Notices. Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient upon delivery, when delivered personally or by overnight courier or sent by email or fax (upon customary confirmation of receipt), or forty-eight (48) hours after being deposited in the U. S. mail as certified or registered mail with postage prepaid, addressed to the party to be notified at such party’s address or fax number as set forth on the signature page or as subsequently modified by written notice.
2.16.4. Counterparts . This Option may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument.
2.16.5. Successors and Assigns. The rights and benefits of this Agreement shall inure to the benefit of, and be enforceable by the Company’s successors and assigns. The rights and obligations of Optionee under this Agreement may not be assigned without the prior written consent of the Company.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which shall constitute one document.
Optionee acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof. Optionee hereby accepts this Option subject to all of the terms and provisions hereof. Optionee has reviewed the Plan and this Option in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option and fully understands all provisions of the Option. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan or this Option. Optionee further agrees to notify the Company upon any change in the residence address indicated below.
Name:[ Company Representative Name ]
Title:[ Representative Title ]
Name:[ Optionee Name ]
Address:[ Optionee Address ]
EXHIBIT A: EQUIT INCENTIVE PLAN EXERCISE AGREEMENT.
1. Exercise of Option . Effective as of today, [ Date ] the undersigned (“Optionee”) hereby elects to exercise Optionee’s option to purchase [ # Share To Purchase ] shares of the Common Stock (the “Shares”) of [ Name of Company ] a Delaware corporation (the “Company”), under and pursuant to the [ Year of Plan ] Equity Incentive Plan, as amended from time to time (the “Plan”) and the Stock Option Agreement dated [ Date of Option Agreement ] (the “Option Agreement”). Capitalized terms used herein without definition shall have the meanings given in the Option Agreement.
2. Representations of Optionee . Optionee acknowledges that Optionee has received, read and understood the Plan and the Option Agreement. Optionee agrees to abide by and be bound by their terms and conditions.
3.1. No Voting Rights . Until the stock certificate evidencing Shares purchased pursuant to the exercise of the Option is issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to Shares subject to the Option, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued) such stock certificate promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the stock certificate is issued, except as provided in the Plan.
3.2. Exercising the Right of First Refusal . Optionee shall enjoy rights as a stockholder until such time as Optionee disposes of the Shares or the Company and/or its assignee(s) exercises the Right of First Refusal (as defined below) hereunder. Upon such exercise, Optionee shall have no further rights as a holder of the Shares so purchased except the right to receive payment for the Shares so purchased in accordance with the provisions of this Agreement, and Optionee shall forthwith cause the certificate(s) evidencing the Shares so purchased to be surrendered to the Company for transfer or cancellation.
4. Optionee’s Rights to Transfer Shares.
4.1. Company’s Right of First Refusal . Before any Shares held by Optionee or any permitted transferee (each, a “Holder”) may be sold, pledged, assigned, hypothecated, transferred, or otherwise disposed of (each, a “Transfer”), the Company or its assignee(s) shall have a right of first refusal to purchase the Shares proposed to be Transferred on the terms and conditions set forth in this Section 4 (the “Right of First Refusal”).
4.1.1. Notice of Proposed Transfer . In the event any Holder desires to Transfer any Shares, the Holder shall deliver to the Company a written notice (the “Notice”) stating: (w) the Holder’s bona fide intention to sell or otherwise Transfer such Shares; (x) the name of each proposed purchaser or other transferee (“Proposed Transferee”); (y) the number of Shares to be Transferred to each Proposed Transferee; and (z) the bona fide cash price or other consideration for which the Holder proposes to Transfer the Shares (the “Offered Price”), and the Holder shall offer such Shares at the Offered Price to the Company or its assignee(s).
4.1.2. Exercise of Right of First Refusal . Within thirty (30) days after receipt of the Notice, the Company and/or its assignee(s) may elect in writing to purchase all, but not less than all, of the Shares proposed to be Transferred to any one or more of the Proposed Transferees. The purchase price shall be determined in accordance with Section 4(a)(iii) hereof.
4.1.3. Purchase Price . The purchase price (“Purchase Price”) for the Shares repurchased under this Section 4 shall be the Offered Price. If the Offered Price includes consideration other than cash, the cash equivalent value of the non-cash consideration shall be determined by the Board in good faith.
4.1.4. Payment . Payment of the Purchase Price shall be made, at the option of the Company or its assignee(s), in cash (by check), by cancellation of all or a portion of any outstanding indebtedness of the Holder to the Company (or, in the case of repurchase by an assignee, to the assignee), or by any combination thereof within thirty (30) days after receipt of the Notice or in the manner and at the times mutually agreed to by the Company and the Holder.
4.1.5. Holder’s Right to Transfer . If all of the Shares proposed in the Notice to be Transferred are not purchased by the Company and/or its assignee(s) as provided in this Section 4, then the Holder may sell or otherwise Transfer such Shares to that Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other Transfer is consummated within one hundred twenty (120) days after the date of the Notice and provided further that any such sale or other Transfer is effected in accordance with any applicable securities laws and the Proposed Transferee agrees in writing that the provisions of this Section 4 shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not Transferred to the Proposed Transferee within such 120-day period, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal as provided herein before any Shares held by the Holder may be sold or otherwise Transferred.
4.2. Exception for Certain Family Transfers . Anything to the contrary contained in this Section 4 notwithstanding, the Transfer of any or all of the Shares during the Optionee’s lifetime or upon the Optionee’s death by will or intestacy to the Optionee’s Immediate Family or a trust for the benefit of the Optionee’s Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Section 4 (including the Right of First Refusal) and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 4.
4.3. Termination of Right of First Refusal . The Right of First Refusal shall terminate as to all Shares upon a sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (a “Public Offering”).
5. Transfer Restrictions . Any transfer or sale of the Shares is subject to restrictions on transfer imposed by any applicable state and federal securities laws. Any Transfer or attempted Transfer of any of the Shares not in accordance with the terms of this Agreement, including the Right of First Refusal provided in this Agreement, shall be void and the Company may enforce the terms of this Agreement by stop transfer instructions or similar actions by the Company and its agents or designees.
6. Tax Consultation . Optionee understands that Optionee may suffer adverse tax consequences as a result of Optionee’s purchase or disposition of the Shares. Optionee represents that Optionee has consulted with any tax consultants Optionee deems advisable in connection with the purchase or disposition of the Shares and that Optionee is not relying on the Company for any tax advice.
7. Investment Representations . In connection with the purchase of the Shares, the Optionee represents to the Company the following.
7.1.1. Optionee is aware of the Company’s business affairs and financial condition and has acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Shares. Optionee is purchasing these securities for investment for his or her own account only and not with a view to, or for resale in connection with, any “distribution” thereof within the meaning of the Securities Act or under any applicable provision of state law. Optionee does not have any present intention to transfer the Shares to any person or entity.
7.1.2. Optionee understands that the Shares have not been registered under the Securities Act by reason of a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Optionee’s investment intent as expressed herein.
7.1.3. Optionee further acknowledges and understands that the securities must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available. Optionee further acknowledges and understands that the Company is under no obligation to register the securities. Optionee understands that the certificate(s) evidencing the securities will be imprinted with a legend which prohibits the transfer of the securities unless they are registered or such registration is not required in the opinion of counsel for the Company.
7.1.4. Optionee is familiar with the provisions of Rules 144 and 701, each promulgated under the Securities Act, which, in substance, permit limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer of the securities (or from an affiliate of such issuer), in a non-public offering subject to the satisfaction of certain conditions. Optionee understands that the Company provides no assurances as to whether he or she will be able to resell any or all of the Shares pursuant to Rule 144 or Rule 701, which rules require, among other things, that the Company be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, that resales of securities take place only after the holder of the Shares has held the Shares for certain specified time periods, and under certain circumstances, that resales of securities be limited in volume and take place only pursuant to brokered transactions. Notwithstanding this paragraph (d), Optionee acknowledges and agrees to the restrictions set forth in paragraph (e) below.
7.1.5. Optionee further understands that in the event all of the applicable requirements of Rule 144 or 701 are not satisfied, registration under the Securities Act, compliance with Regulation A, or some other registration exemption will be required; and that, notwithstanding the fact that Rules 144 and 701 are not exclusive, the Staff of the Securities and Exchange Commission has expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to Rule 144 or 701 will have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective brokers who participate in such transactions do so at their own risk.
7.1.6. Optionee understands that Optionee may suffer adverse tax consequences as a result of Optionee’s purchase or disposition of the Shares. Optionee represents that Optionee has consulted any tax consultants Optionee deems advisable in connection with the purchase or disposition of the Shares and that Optionee is not relying on the Company for any tax advice.
8. Restrictive Legends and StopTransfer Orders.
8.1. Legends . Optionee understands and agrees that the Company shall cause the legends set forth below or legends substantially equivalent thereto, to be placed upon any certificate(s) evidencing ownership of the Shares together with any other legends that may be required by state or federal securities laws:
THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR, IN THE OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE THEREWITH.
THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND RIGHT OF FIRST REFUSAL OPTIONS HELD BY THE ISSUER OR ITS ASSIGNEE(S) AS SET FORTH IN THE EXERCISE NOTICE BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS AND RIGHT OF FIRST REFUSAL ARE BINDING ON TRANSFEREES OF THESE SHARES.
8.2. StopTransfer Notices . Optionee agrees that, in order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records.
8.3. Refusal to Transfer . The Company shall not be required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred.
9. No Employment Rights . Nothing in this Agreement shall affect in any manner whatsoever the right or power of the Company, or a parent or subsidiary of the Company, to terminate Purchaser’s employment or consulting relationship, for any reason, with or without cause.
10.1. Successors and Assigns . The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Agreement shall be binding upon Optionee and his or her heirs, executors, administrators, successors and assigns.
10.2. Interpretation . Any dispute regarding the interpretation of this Agreement shall be submitted by Optionee or by the Company forthwith to the Company’s Board of Directors or committee thereof that is responsible for the administration of the Plan (the “Administrator”), which shall review such dispute at its next regular meeting. The resolution of such a dispute by the Administrator shall be final and binding on the Company and on Optionee.
10.3. Governing Law; Severability . This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware excluding that body of law pertaining to conflicts of law. Should any provision of this Agreement be determined by a court of law to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable.
10.4. Notices . Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery or upon deposit in the United States mail by certified mail, with postage and fees prepaid, addressed to the other party at its address as shown below beneath its signature, or to such other address as such party may designate in writing from time to time to the other party.
10.5. Delivery of Payment . The Optionee herewith delivers to the Company the full Exercise Price for the Shares, as well as any applicable withholding tax.
10.6. Entire Agreement . The Plan and Option Agreement are incorporated herein by reference. This Agreement, the Plan, the Option Agreement and the Investment Representation Statement constitute the entire agreement of the parties and supersede in their entirety all prior undertakings and agreements of the Company and Optionee with respect to the subject matter hereof.
Optionee represents that he or she has read this Agreement and is familiar with its terms and provisions. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board or other administrator of the Plan upon any questions arising under this Agreement.
IN WITNESS WHEREOF, this Stock Option Exercise Agreement is deemed made as of the date first set forth above.
Name:[ Comapny Representative Name ]
Title:[ Representative Title ]
Name:[ Optionee Name ]
Address:[ Optionee Address ]
Any [ GREEN ] highlighted language is intended to be filled in by the user. Any [ YELLOW ] highlighted language is considered optional or conditional by the attorney community. Consult with an attorney before using this document. This document is not a substitute for legal advice or services. Refer to our Terms of Service for more details.
This form has been prepared for general informational purposes only. It does not constitute legal advice, advertising, a solicitation, or tax advice. Transmission of this form and the information contained herein is not intended to create, and receipt thereof does not constitute formation of, an attorney-client relationship. You should not rely upon this document or information for any purpose without seeking legal advice from an appropriately licensed attorney, including without limitation to review and provide advice on the terms of this form, the appropriate approvals required in connection with the transactions contemplated by this form, and any securities law and other legal issues contemplated by this form or the transactions contemplated by this form.
Hire the top 5% of business lawyers and save up to 60% on legal fees.

Incentive Stock Option Agreement.
Contrato de opção.
Este Contrato de Opção envolve.
CLEAN DIESEL TECHNOLOGIES INC | CLEAN DIESEL TECHNOLOGIES, INC.
Title: INCENTIVE STOCK OPTION AGREEMENT.
CLEAN DIESEL TECHNOLOGIES, INC.
INCENTIVE STOCK OPTION AGREEMENT.
Clean Diesel Technologies, Inc. 2016 Omnibus Incentive Plan.
Notice Of Incentive STOCK OPTION Grant.
You have been granted the following Incentive Stock Options (“ Options ”) to purchase common stock, par value $0.01 per share (“ Common Stock ”) of Clean Diesel Technologies, Inc. (the “ Company ”):
Nome do Optionee:
Número total de ações concedidas:
Exercise Price Per Share:
Vesting Commencement Date:
By your signature and the signature of the Company’s representative below, you and the Company agree that the Options are granted under and governed by the terms and conditions of the Clean Diesel Technologies, Inc. 2016 Omnibus Incentive Plan (a copy of which has been provided to you) and the Incentive Stock Option Agreement, which is attached hereto, both of which are made a part of this document.
Clean Diesel Technologies, Inc.
CLEAN DIESEL TECHNOLOGIES, INC.
2016 OMNIBUS INCENTIVE PLAN.
Incentive Stock Option Agreement.
1. Terms . Unless provided otherwise in the Notice of Incentive Stock Option Grant (“ Notice of Grant ”), the following standard terms and conditions (“ Standard Terms ”) apply to incentive stock options (“ Options ”) granted to you under the Clean Diesel Technologies, Inc. 2016 Omnibus Incentive Plan (the “ 2016 Plan ”). Your Notice of Grant, these Standard Terms and the 2016 Plan constitute the entire understanding between you and the Company. Capitalized and other terms used herein without definition shall have the meanings ascribed thereto in the 2016 Plan.
2. Incentive Stock Options; $100,000 Limitation . The Options are intended to be incentive stock options under Section 422 of the Code and will be interpreted accordingly. The aggregate market value (determined at the time the Options are granted) of the shares of Common Stock with respect to which ISOs are exercisable for the first time during any calendar year (under all ISO plans of the Company and its Subsidiaries) shall not exceed $100,000. To the extent (and only to the extent) your right to exercise these Options causes these Options (in whole or in part) to not be treated as ISOs by reason of the $100,000 annual limitation under Section 422 of the Code, such Options shall be treated as Non-qualified Stock Options, but shall be exercisable by their terms. The determination of Options to be treated as Non-qualified Stock Options shall be made by taking into account the aggregate market value of the shares of Common Stock underlying Options in the order in which the Options are granted. If the terms of these Options cause the $100,000 annual limitation under Section 422 of the Code to be exceeded, a pro rata portion of each exercise shall be treated as the exercise of a Non-qualified Stock Option.
3. Price . The exercise price of the Options (the “ option price ”) is 100% of the market value of Common Stock on the date of grant, as specified in the Notice of Grant.
4. Term and Exercise .
(a) To the extent the Options have become exercisable (vested) during the periods indicated in the Notice of Grant and have not been previously exercised, and subject to termination or acceleration as provided in these Standard Terms and the requirements of these Standard Terms, the Notice of Grant and the 2016 Plan, you may exercise the Options to purchase up to the number of shares of Common Stock set forth in the Notice of Grant by delivering a written notice in the form of Exhibit A attached hereto (“ Notice of Exercise ”) to the Company in the manner specified pursuant to Section 15(i) hereof. Such Notice of Exercise shall specify the election to exercise Options, the number of shares of Common Stock for which they are being exercised and the form of payment, which must comply with Section 4(b) . The Notice of Exercise shall be signed by the person who is entitled to exercise Options. Options shall be deemed exercised with respect to the number of shares of Common Stock subject to a proper Notice of Exercise upon receipt by the Company of the duly executed Notice of Exercise and payment of the option price of such shares of Common Stock in accordance with Section 4(b) . Notwithstanding anything to the contrary in Section 6 or Sections 8 through 10 hereof, no part of the Options may be exercised after the Expiration Date set forth in the Notice of Grant.
(b) The process for exercising the Options (or any part thereof) is governed by these Standard Terms, the Notice of Grant and the 2016 Plan. Exercises of Options will be processed as soon as practicable. The option price may be paid:
(ii) through payment under a broker-assisted sale and remittance program acceptable to the Committee;
(iii) through net issue exercise based on the following formula:
Net Number = (A x B) - (A x C)
For purposes of the foregoing formula:
A = the total number of shares with respect to which the Options are then being exercised.
B = the market value of Common Stock on the date immediately preceding the date of the Notice of Exercise.
C = the option price then in effect at the time of such exercise.
(iv) by delivery of any other lawful consideration approved in advance by the Committee; ou.
(v) in any combination of the foregoing.
Options may not be exercised for fractional shares. Shares of Common Stock will be issued as soon as practicable (subject to Section 4(c) below). You will have the rights of a stockholder only after the shares of Common Stock have been issued. For administrative or other reasons, the Company may from time to time suspend the ability of employees to exercise options for limited periods of time.
(c) Notwithstanding the foregoing, (i) the Company shall not be obligated to deliver any shares of Common Stock during any period when the Committee determines that the exercisability of the Options or the delivery of shares hereunder would violate any federal, state or other applicable laws and/or may issue shares subject to any restrictive legends that, as determined by the Company’s counsel, is necessary to comply with securities or other regulatory requirements, and (ii) the date on which shares are issued may include a delay in order to provide the Company such time as it determines appropriate to address tax withholding and other administrative matters.
(d) Notwithstanding anything to the contrary in these Standard Terms or the applicable Notice of Grant, the Committee may reduce your unvested Options if you change your employment classification from a full-time employee to a part-time employee.
(e) The number of shares of Common Stock for which Options may be exercised as specified in the Notice of Grant shall be adjusted for stock splits and similar matters as specified in and pursuant to the 2016 Plan.
(f) IF AN EXPIRATION DATE DESCRIBED HEREIN FALLS ON A WEEKDAY, YOU MUST EXERCISE YOUR OPTIONS BEFORE 12:00 P. M. LOS ANGELES TIME ON THE EXPIRATION DATE.
(g) IF AN EXPIRATION DATE DESCRIBED HEREIN FALLS ON A WEEKEND OR ANY OTHER DAY ON WHICH THE NASDAQ STOCK MARKET (“ NASDAQ ”) IS NOT OPEN, YOU MUST EXERCISE YOUR OPTIONS BEFORE 12:00 P. M. LOS ANGELES TIME ON THE LAST NASDAQ BUSINESS DAY PRIOR TO THE EXPIRATION DATE.
5. Change in Control . In the event that your Service (as defined below) is terminated for Good Reason (as defined below) or for reasons other than an act of misconduct (as described in Section 7 below) upon the.
occurrence of a Change in Control or within three (3) months prior thereto or twelve (12) months thereafter (a “ Termination Event ”), all of the unvested Options will vest immediately prior to the effective date of such Termination Event and the Options shall become fully exercisable. For purposes hereof, (i) “ Service ” means service to the Company or any of its Subsidiaries as an Employee, and (ii) “ Good Reason ” means any of the following (without your express written consent and provided you provide written notice stating in reasonable detail the basis for termination and a thirty (30)-day opportunity to cure to the Company): (i) a material reduction in your responsibilities or duties as such responsibilities or duties exist on the date that is three (3) months prior to the Change in Control, except in the event of a termination for an act of misconduct (as described in Section 7 below), death or disability or your resignation other than for Good Reason; (ii) a reduction of your base salary as it exists on the date that is three (3) months prior to the Change in Control unless such reduction (x) is in connection with concurrent and proportional reductions in the salaries of other employees of the Company, which reductions have been approved by the Board, and (y) reduce your base salary to no less than 80% of your base salary immediately before such reduction; or (iii) any relocation by the Company of your place of employment that would increase your one-way commute to the place of employment by more than fifty (50) miles when compared to your commute immediately prior to the relocation.
6. Leaves of Absence . For any purpose under these Standard Terms, your Service shall be deemed to continue while you are on a bona fide leave of absence, to the extent required by applicable law. To the extent applicable law does not require such a leave to be deemed to continue your Service such Service shall be deemed to continue if, and only if, expressly provided in writing by the Committee or an executive officer of the Company or Subsidiary for whom you provide Service.
7. Suspension or Termination of Options for Misconduct . If at any time (including after a Notice of Exercise has been delivered) the Committee reasonably believes that you have committed an act of misconduct as described in this Section 7 , the Committee may suspend the vesting of and your right to exercise your Options pending a determination of whether an act of misconduct has been committed. If the Committee determines that you have committed an act of embezzlement, fraud, dishonesty, nonpayment of any obligation owed to the Company, breach of fiduciary duty or deliberate disregard of Company rules resulting in loss, damage or injury to the Company, or if you make an unauthorized disclosure of any Company trade secret or confidential information, engage in any conduct constituting unfair competition, induce any customer to breach a contract with the Company or induce any principal for whom the Company acts as agent to terminate such agency relationship, all Options not exercised as of the date the Committee was notified that you may have committed an act of misconduct shall be cancelled and neither you nor any beneficiary shall be entitled to any claim with respect to the Options whatsoever. Any determination by the Committee with respect to the foregoing shall be final, conclusive, and binding on all interested parties.
8. Termination of Service .
(a) Except as expressly provided otherwise in these Standard Terms, if your Service terminates for any reason, whether voluntarily or involuntarily, other than on account of death, Disablement (defined below), or discharge for misconduct, you may exercise any portion of the Options that had vested on or prior to the date of termination at any time prior to three (3) months after the date of such termination. The Options shall terminate on the expiration of the three (3)-month period to the extent that they are unexercised. All unvested Options shall be cancelled on the date of Service termination, regardless of whether such Service termination is voluntary or involuntary.
(b) For purposes of this Section 8 , your Service is not deemed terminated if, prior to sixty (60) days after the date of termination of your Service, you are re-hired by the Company or a Subsidiary on a.
basis that would make you eligible for future stock option grants, nor would your transfer from the Company to any Subsidiary or from any one Subsidiary to another, or from a Subsidiary to the Company be deemed a termination of your Service.
(a) Except as expressly provided otherwise in these Standard Terms, if you die while you are a Service provider, your Options will become one hundred percent (100%) vested, and the executor of your will, administrator of your estate or any successor trustee of a grantor trust may exercise the Options, to the extent not previously exercised,
RealDealDocs & trade; categorizou esses documentos e os fez pesquisáveis ​​usando a mesma tecnologia RealPractice proprietária que é implantada em alguns dos maiores escritórios de advocacia do país, para que você tenha as melhores ferramentas em qualquer lugar para aproveitar esse produto de trabalho.
Direitos autorais e cópia; 2018 RPCD Holdings LLC. Todos os direitos reservados.

Incentive Stock Option - Harsco Corp.
350 Poplar Church Road.
Camp Hill, Pennsylvania 17011.
Date: January 25, 2011.
U. S. Option Contract.
Opção de opção de incentivo (ISO)
and Nonqualified Stock Option (NQSO)
1. In order to encourage you to acquire and hold stock in Harsco Corporation (the "Company"), and as an incentive to you to devote extra time and effort in furtherance of its interests, the Company hereby gives and grants to you pursuant to its 1995 Executive Incentive Compensation Plan, as amended and restated January 27, 2004 (the "Plan"), a copy of which is annexed hereto and hereby made a part hereof, in consideration of the undertaking on your part set forth below, and subject to the further provisions hereof and to the terms and conditions of the Plan, the right and option (the "Option") to purchase up to an aggregate of ( ) shares of its Common Stock for the price of Thirty-One Dollars and Seventy-Five Cents ($31.75) per share, being not less than the fair market value of the stock at the date of grant of this Option. Subject to the provisions of Section 3(b) providing for early exercise, this Option shall be exercisable unless earlier terminated pursuant to Sections 4, 5, 6 or 7, in whole, or from time to time, in part commencing three years after the date of grant, said date being shown above, and ending on the day before seven years from the date of grant or not later than January 24, 2018. It is intended that this Option constitute an "incentive stock option" within the meaning of Section 422 of the Internal Revenue Code with respect to ( ) of the shares and constitute a "nonqualified stock option" with respect to ( ) of the shares.
2. (a) In consideration for the Option set forth in this Agreement, you agree that during your employment by the Company and for a period of twelve (12) months after the cessation of such employment, you shall not, directly or indirectly:
(i) for or on behalf of a same, similar or competitive business as the Company, solicit, contract with, or accept business from any entity or individual which (1) was or has been a customer of the Company within two years prior to the cessation of your employment, (2) was or is a prospective customer of the Company with which you had business-related communications within two years prior to the cessation of your employment;
(ii) render services to, become employed by, own, or have a financial or other interest in (either as an individual, partner, joint venturer, owner, manager, stockholder, employee, partner, officer, director, independent contractor, or other such role) any business which is engaged in a same, similar or competitive business as the operating unit(s) of the Company that you were employed with any time during the last 12 months of your employment with the Company;
(iii) induce, offer, assist, encourage or suggest (1) that another business or enterprise offer employment to or enter into a business affiliation with any Company employee, agent or representative, or (2) that any Company employee, agent or representative terminate his or her employment or business affiliation with the Company.
(b) The restrictions set forth in paragraph 2 shall not be assignable by you because your duties and covenants therein are personal. The Company may without securing your consent, assign its rights and obligations under paragraph 2 to (1) successors or assigns of the Company, (2) entities with which the Company may merge or consolidate, (3) entities to which the Company may sell or transfer all or substantially all of its assets, (4) entities which by any corporate transaction or reorganization operate and control the Company153s business, or (5) to any other entities which operate as a successor to the Company or any of its operating units by operation of law or otherwise.
(c) The restrictions set forth in paragraph 2(a) shall be in addition to any other such restrictions agreed to, through separate agreements, if any, between you and the Company.
(d) The restrictions contained in this paragraph 2 shall survive the exercise of the Option and the termination of this Agreement.
3. (a) In order to exercise the Option you must give written notice to the Company pursuant to Section 14 of this contract stating the number of shares of Common Stock as to which the Option is being exercised, whether the shares being exercised are incentive stock options or nonqualified stock options, the name and address of the person to whom the stock is to be registered, and accompanied by payment in full in cash, or by bank or certified check, of the option price for all such shares. At your election you may pay the option price by.
delivering to the Company shares of Common Stock of the Company with a fair market value equal to the option price or by a combination of cash and shares of Common Stock. For purposes of this Section the fair market value of the Company153s Common Stock shall be the closing price of the Common Stock on the New York Stock Exchange on the last trading day preceding the day on which notice of your exercise is received by the Company.
Regardless of any action the Company takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other tax-related withholding ("Tax-Related Items"), you hereby acknowledge that the ultimate liability for all Tax-Related Items legally due by you, is and remains your responsibility and may exceed the amount actually withheld by the Company. Furthermore, you acknowledge that the Company (a) makes no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Option grant, including the grant, vesting or exercise of the Option, or the subsequent sale of shares acquired pursuant to such exercise; and (b) does not commit to and is under no obligation to structure the terms of the grant or any aspect of the Option to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. If you become subject to any Tax-Related Items in more than one jurisdiction (including jurisdictions outside the United States) between the date of grant and the date of any relevant taxable event, you acknowledge that the Company may be required to withhold or account for (including report) Tax-Related Items in more than one jurisdiction.
You acknowledge and agree that the Company shall not be required to deliver the shares being exercised upon any exercise of the Option unless it has received payment in a form acceptable to the Company for all applicable Tax-Related Items, or arrangements satisfactory to the Company for the payment thereof have been made.
In this regard, you authorize the Company, in its sole discretion and without any notice or further authorization by you, to withhold all applicable Tax-Related Items legally due by you from your wages or other cash compensation paid by the Company or from proceeds of the sale of shares. Alternatively, or in addition, the Company may instruct the broker whom it has selected for this purpose (on your behalf and at your direction pursuant to this authorization) to sell the shares that you acquire to meet the Tax-Related Items withholding obligation. In addition, unless otherwise determined by the Company, Tax-Related Items may be paid with outstanding shares of the Company153s Common Stock, such shares to be valued at Fair Market Value on the exercise date. Finally, you shall pay to the Company any amount of Tax-Related Items that the Company may be required to withhold as a result of your participation in the Plan or your exercise of the Option that cannot be satisfied by the means previously described.
To avoid any negative accounting treatment, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates.
(b) If at any time there occurs a "change in control" of the Company in accordance with Section 8(b) of the Plan, then:
(i) if, at the time of such change in control, more than six months have elapsed since the date this Option was granted, this Option shall become immediately exercisable in full for the remainder of its term with respect to all shares of Common Stock covered hereby on and after the date of such change in control, or.
(ii) if, at the time of such change in control, fewer than six months have elapsed since the date this Option was granted, this Option shall become immediately exercisable in full for the remainder of its term with respect to all shares of Common Stock covered hereby on the first day following the end of a six month period after the date this Option was granted.
4. If you retire while in the employ of the Company or a Subsidiary and prior to the time you have fully exercised this Option, you may exercise this Option:
(i) within three months after the date your employment with the Company or a Subsidiary terminates by reason of your retirement with respect to incentive stock options; e.
(ii) within three years after the date your employment with the Company or a Subsidiary terminates by reason of your retirement with respect to nonqualified stock options,
to the extent this Option was exercisable by you on the date your employment so terminated, and provided that the exercise is prior to the date seven years from the date of grant. For purposes of this Option Contract, "retire" shall mean your termination of employment that qualifies as a retirement under the Company153s tax-qualified retirement plan.
5. If you become disabled while in the employ of the Company or a Subsidiary and prior to the time you have fully exercised this Option, you may exercise this Option:
(i) within twelve months after the date your employment with the Company or a Subsidiary terminates by reason of your disability with respect to incentive stock options, and,
(ii) within three years after the date your employment with the Company or a subsidiary terminates by reason of your disability with respect to nonqualified stock options,
to the extent this Option was exercisable by you on the date your employment so terminated, and provided that the exercise is prior to the date seven years from the date of grant. For purposes of this Option Contract, "disabled" shall mean your permanent and total disability as defined in Section 22(e) of the Internal Revenue Code.
6. If you die while in the employ of the Company or a Subsidiary and prior to the time you have fully exercised this Option, the executor or administrator of your estate or the person to whom this Option is transferred by will or the laws of descent or distribution may exercise this Option:
(i) within twelve months after the date of your death with respect to incentive stock options, and.
(ii) within three years after the date of your death with respect to nonqualified stock options,
to the extent it was exercisable by you on the date of your death, and provided that the exercise is prior to the date seven years from the date of grant.
7. With respect to both incentive stock options and nonqualified stock options, this Option shall terminate, to the extent it has not been previously exercised, three months after the termination of your employment with the Company or a Subsidiary for any reason other than your retirement, disability or death. During such three month period following your termination of employment you may exercise this Option to the extent it was exercisable by you on the date your employment terminated.
8. Your acceptance of the Option will confirm: (1) that you are familiar with the business and affairs of the Company and its subsidiaries and (2) that you understand and agree that the granting of the Option, and any action thereunder, does not involve any statements or representations of any kind by the Company as to its business, affairs, earnings or assets, or as to the tax status of the Option or the tax consequences of any exercise thereof, or otherwise. You further agree that any action at any time taken by or on behalf of the Company or a subsidiary thereof, or by its directors or any committee thereof, which might or shall at any time adversely affect you or the Option, may be freely taken, notwithstanding any such adverse effect, without your being thereby or otherwise entitled to any right or claim against the Company or any other person or party by reason thereof; provided, however, that exercise rights arising under Section 8 of the Plan due to a "change in control" shall not be abrogated.
9. The Option is personal to you and except in the event of your death is not transferable or assignable either by your act or by operation of law, and no assignee, trustee in bankruptcy, receiver or other party whomsoever shall have any right to exercise the Option or any other right with respect to the Option or to the Plan. The Option is transferable by your will or the laws of descent and distribution, and in the event of your death the person.
entitled thereto shall, subject to the provisions hereof and of the Plan, be entitled to exercise the Option to the same extent that you were entitled to as of the date of your death. Unless otherwise indicated by the context or otherwise required by any term hereof, references herein to "you," or in the Plan to "the Optionee," shall apply to said person entitled thereto.
10. Nothing herein is intended to or shall give you any right or status of any kind as a stockholder of the Company in respect of any shares covered by the Option or entitle you to any dividends or other distributions thereon unless and until said shares shall have been delivered to you and registered in your name.
11. Nothing herein shall confer upon you any right to be continued in the employ of the Company or a Subsidiary or shall prevent the Company or Subsidiary which employs you from changing the terms of your employment or terminating your employment at any time, with or without cause.
12. If and when any questions arise from time to time as to the intent, meaning or application of any one or more of the provisions hereof or of the Plan, such questions will be decided by the Management Development and Compensation Committee or such other committee of the Board as may be designated by the Board, or in the event the Company is merged into or consolidated with any other corporation, by the Board of Directors (or a Committee appointed by it) of the surviving or resulting corporation. Subject to the "change in control" provisions of Section 8 of the Plan, the decision of such Board of Directors or Committee, as the case may be, as to what is a fair and equitable settlement of each such question or as to what is a fair and proper interpretation of any provision hereof or thereof, whatever the effect of such a decision may be, beneficial or adverse, upon the Option or you, shall be conclusive and binding and you hereby agree that the Option is granted to and accepted by you subject to such condition and understanding.
13. At such time or times as you may exercise this Option, the Company may require you to represent in writing that it is your intention to acquire the shares being acquired for investment only and not with a view to distribution thereof. In such event, no shares will be issued unless and until the Company is satisfied as to the correctness of such representation. Also, the Company, in its discretion, may from time to time impose "blackout periods" in which you may not sell the shares acquired by exercise of any option.
14. Whenever any notice is to be given hereunder by you or by the Company, such notice (i) if to you, may be given by delivering the same to you personally or by sending it to you by registered or certified mail to your last address as shown on the records of the Company, and (ii) if to the Company, may be given by delivering the same personally to its President, its Secretary, or its Treasurer, or by sending it to the Company by registered or certified mail directed to it, at its said principal office, provided that a notice hereunder shall not be deemed given to the Company unless and until it receives the same at this said principal office.
15. Except to the extent that counsel to the Company shall render their opinion that no approval by the New York Stock Exchange is required in the premises, this Option Contract and all of the obligations of the Company in connection therewith and under the Plan shall be subject to and conditioned upon the approval by the New York Stock Exchange of a Listing Application with respect to all shares of stock of the Company (other than treasury shares) which may be issued under the Plan with respect to this particular Option Contract.
16. If the foregoing is acceptable to you, please so confirm by signing and returning the duplicate of this letter enclosed for that purpose, whereupon this letter and such confirmation, together with the Plan, shall constitute an agreement between you and the Company superseding any and all other understandings in reference to the matter herein, including among others, the stock Option hereinabove granted, and binding upon and inuring to the benefit of the Company and, unless otherwise determined as provided in the Plan, its successors and assigns, as well as yourself and, to the extent hereinabove provided, your legal representatives. In the event of a conflict between the provisions in this Option Contract and in the Plan, the provisions of the Plan shall govern and control. The laws of the Commonwealth of Pennsylvania shall control the interpretation and construction of all your rights hereunder.
Chairman, President & Diretor Presidente.
I hereby accept and agree to the provisions of this Option Contract and the Plan that is attached as of the date of this Option Contract. I acknowledge that this includes my agreement to abide by the noncompetition and other provisions of Section 2.