StockOptionAgreement股票期权协议完整篇doc.docx

StockOptionAgreement股票期权协议完整篇doc.docx

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StockOptionAgreement股票期权协议完整篇doc

StockOptionAgreement股票期权协议-

1.GrantofOption.Pursuanttotheprovisionsofits_________（STATE）Plan（thePlan）,AAA,Inc.（theCompany）asof_________,_________,_________（M,D,Y）hasgrantedtoBBB（theOptionee）non-qualifiedoptionstopurchasefromtheCompanyatotalof_________sharesofCommonStockoftheCompanyattheexercisepriceof$,_________pershare（theOption）.ThisOptionissubjecttothetermsandconditionsofthePlanandthosesetforthinthisAgreement.AllcapitalizedtermsusedhereinshallhavethemeaningsetforthinthePlan,unlessthecontextrequiresadifferentmeaning.

2.ExerciseofOption

（a）ThisOptionshallbeexercisableinthreeinstallments.ThefirstinstallmentshallbeexercisableonthefirstanniversaryoftheDateofGrantfor33.3%ofthenumberofsharesofCommonStocksubjecttothisoption.Thereafter,oneachsubsequentanniversaryoftheGrantDate,aninstallmentshallbecomeexercisablefor33.3%and33.4%,respectively,ofthenumberofsharessubjecttothisOptionwiththeentireoptionfullyexercisableafterthethirdanniversaryoftheDateofGrant.Totheextentthatanyoftheaboveinstallmentsisnotexercisedwhenitbecomesexercisable,itshallnotexpire,butshallcontinuetobeexercisableatanytimethereafteruntilthisOptionshallterminate,expireorbesurrendered.Anexerciseshallbeforwholesharesonly.

（b）InaccordancewiththePlanthisentireOptionshallbeimmediatelycashedouteffectiveasofthedateofanyChangeinControl,regardlessofwhetherornotanyportionisotherwiseexercisable.Forthispurpose,theChangeinControlPriceshallbethehigherof（i）thehighestpricepaidforashareofStockasreportedontheNewYorkStockExchangeCompositeTapeduringthe12monthperiodendingwiththeeffectivedateofChangeinControlor（ii）thehighestcashtenderofferpriceforashareofStockduringsuchperiod.IntheeventthatatenderofferforStockconsistsofacombinationofcashandsecurities,theChangeinControlPricecalculatedunder（ii）wouldbebasedsolelyonthecashpriceequivalentofsuchoffer.

（c）SharesmaybepurchasedbygivingtheCompany’sCorporateSecretaryorAssistantSecretarywrittennoticeofexercise,specifyingthenumberofsharestobepurchased.Thenoticeofexerciseshalldesignateoneofthefollowingmethodsofpurchase:

（i）tendertotheCompanyofacheckforthefullexercisepriceoftheshareswithrespecttowhichsuchOptionorportionthereofisexercised,or

（ii）instructionstotheCompanytodeliverallthesharesbeingexercisedtoabroker-dealerwithwhomanarrangementhasbeenmadetodeliverthefullexercisepricetotheCompany.TheCompanymayestablishspecialtermsandconditionsforthiscashlessexercise,andatanytimemayterminateavailabilityofthisformofpurchase.

3.ExpirationofOption.TheOptionshallexpireorterminateandmaynotbeexercisedtoanyextentbytheOptioneeasofthefirsttooccurofthefollowingevents:

（a）ThetenthanniversaryoftheDateofGrant;or

（b）ThesecondanniversaryofthedateoftheOptionee’sdeath;or

（c）thedatethatisninetydaysaftertheoptioneeresignsasChairmanoftheBoardifpriorto_________,_________,_________（M,D,Y）andifsuchresignationiswithouttheconsentoftheBoardofDirectors.

IntheeventofTerminationofEmploymentbecauseofdeath,theentireOptionshallimmediatelybecomeexercisableastoallshares,notwithstandingSection2（a）ofthisAgreement.

4.TaxWithholding.NodistributionofsharesmaybemadetotheOptioneeuntiltheCompanyhasreceivedallamountsrequiredforfederal,stateorlocaltaxwithholding.Themethodofdischargingsuchwithholdingobligationshallbeelectedwiththenoticeofexerciseandmayinclude（i）paymentbycheck,or（ii）useofa‘cashlessexercise’usingabroker-dealerinamannersimilartothatdescribedinSection2（c）（ii）hereof.ThemethodofwithholdingshallbesubjecttosuchrulesastheCompanymayadoptfromtimetotime.Itisrecognizedbybothpartiesthat,basedoncurrentlaws,thedifferencebetweentheFairMarketValueofthesharespurchasedbyanoptionexerciseandtheexercisepriceofsuchsharesgenerallywillconstituteordinarytaxableincomeforfederalincometaxpurposesandformoststateandlocalincometaxpurposes.

5.Notice.AnynoticesrequiredtobegivenhereundertotheCompanyshallbeaddressedtotheSecretaryorAssistantSecretaryoftheCompanyattheCompany’sheadquartersofficesin_________City,_________（STATE）.AnynoticerequiredtobegivenhereundertotheOptioneeshallbeaddressedtotheOptioneeathiscurrentaddressshownontheCompany’srecords.Noticeshallbesentbymail,expressdeliveryor,ifpractical,byhanddelivery.

6.OtherProvisions.TheprovisionssetforthinSection5ofthePlanarespecificallyincorporatedbyreferenceinthisAgreement,includingbutnotlimitedtothosepertainingtothefollowingmatters:

（a）ChangesinCapitalization;Merger;Liquidation

（b）Non-alienationofBenefits

（c）ChoiceofLaw

StockOptionAgreement股票期权协议-

1._________（NAME）ofOption.Pursuanttotheprovisionsofits_________（YEAR）StockIncentivePlan（thePlan）,AAA,Inc.（theCompany）,ontheabovedatehasgrantedtoCharlesR.Perrin（theOptionee）therightandoptiontopurchasefromtheCompanyatotalof_________sharesofCommonStockoftheCompanyattheexercisepriceof$,_________pershare（theOption）.ThisOptionissubjecttothetermsandconditionsofthePlanandthosesetforthinthisAgreement.AllcapitalizedtermsusedhereinshallhavethemeaningsetforthinthePlan,unlessthecontextrequiresadifferentmeaning.

2.ExerciseofOption

Thisoptionshallbeintwosectionshavingdifferentexerciserights,withOptionGrantAcovering_________sharesandOptionGrantBcovering_________shares.

（a）OptionGrantA（_________shares）ThisOptionshallbeexercisableinthreeinstallmentsof_________shareseach.Thefirstinstallmentshallbeexercisable_________,_________,_________（M,D,Y）,thesecondon_________,_________,_________（M,D,Y）andthethirdon_________,_________,_________（M,D,Y）,withall_________sharesfullyexercisablethereafter.Totheextentthatanyoftheaboveinstallmentsisnotexercisedwhenitbecomesexercisable,itshallnotexpire,butshallcontinuetobeexercisableatanytimethereafteruntilthisOptionshallterminate,expireorbesurrendered.

（b）OptionGrantB（_________shares）ThisOptionshallalsobeexercisableinthreeinstallments,withthefirstinstallmentof_________sharesexercisable_________,_________,_________（M,D,Y）.Thesecondinstallmentof_________sharesshallbeexercisableon_________,_________,_________（M,D,Y）andthefinalinstallmentof_________sharesexercisableon_________,_________,_________（M,D,Y）,withall_________sharesfullyexercisablethereafter.Totheextentthatanyoftheaboveinstallmentsisnotexercisedwhenitbecomesexercisable,itshallnotexpire,butshallcontinuetobeexercisableatanytimethereafteruntilthisOptionshallterminate,expireorbesurrendered

（c）InaccordancewiththePlanthisentireOption（bothportions）shallbeimmediatelycashedouteffectiveasofthedateofanyChangeinControl,regardlessofwhetherornotanyportionisotherwiseexercisable.Forthispurpose,theChangeinControlPriceshallbethehigherof（i）thehighestpricepaidforashareofStockasreportedontheNewYorkStockExchangeCompositeTapeduringthe12monthperiodendingwiththeeffectivedateofChangeinControlor（ii）thehighestcashtenderofferpriceforashareofStockduringsuchperiod.IntheeventthatatenderofferforStockconsistsofacombinationofcashandsecurities,theChangeinControlPricecalculatedunder（ii）wouldbebasedsolelyonthecashpriceequivalentofsuchoffer.

（d）SharesmaybepurchasedbygivingtheCompany’sCorporateSecretaryorAssistantSecretarywrittennoticeofexercise,specifyingthenumberofsharestobepurchased.Thenoticeofexerciseshalldesignateoneofthefollowingmethodsofpurchase:

（i）tendertotheCompanyofacheckforthefullexercisepriceoftheshareswithrespecttowhichsuchOptionorportionthereofisexercised,or

（ii）instructionstotheCompanytodeliverallthesharesbeingexercisedtoabroker-dealerwithwhomanarrangementhasbeenmadetodeliverthefullexercisepricetotheCompany.TheCompanymayestablishspecialtermsandconditionsforthiscashlessexercise,andatanytimemayterminateavailabilityofthisformofpurchase.

3.ExpirationofOption.TheOption（bothportions）shallexpireorterminateandmaynotbeexercisedtoanyextentbytheOptioneeasofthefirsttooccurofthefollowingevents:

（a）ThetenthanniversaryoftheDateofGrant,orsuchearliertimeastheCompanymaydetermineisnecessaryorappropriateinlightofapplicableforeigntaxlaws;or

（b）ThesecondanniversaryofthedateoftheOptionee’sTerminationofEmploymentbyreasonofdeath,PermanentDisabilityorRetirement;or

（c）TheOptionee’sTerminationofEmploymentforCause（asdefinedbelow）;or

（d）ThedatethatisninetydaysafterTerminationofEmploymentoftheOptioneeforareasonotherthanforCause,death,PermanentDisabilityorRetirement.IftheOptionee’semploymentisinvoluntarilyterminatedbytheCompanyotherthanforCause,however,theoptionmaybeextendedforuptoanadditional270daysatthediscretionoftheCompany,or

（e）TheOptionee’sviolationofanynon-disclosureornon-competecovenantapplicabletoth