Form of the Options. The Options granted hereunder are intended to be replacement options for purposes of Code Section 424; they replace those prior options held by the Executive that first became exercisable in 1999 and would have become exercisable in 2000 and, therefore, are designated as Incentive Stock Options.
Appears in 4 contracts
Samples: Preferred Unit Replacement Iso Option Agreement (Sleepmaster LLC), Preferred Unit Replacement Iso Option Agreement (Sleepmaster LLC), Preferred Unit Replacement Iso Option Agreement (Sleepmaster LLC)