Common use of Grant of Option; Certain Terms and Conditions Clause in Contracts

Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to Employee, and Employee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., Boston time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). The Option shall become exercisable to purchase ("Vesting Rate") that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Employee: Xxxx. X. Xxxxxxx Date of Grant: August 30, 2000 Number of shares purchasable: 47,893 Exercise Price per share: $10.50 Expiration Date: August 30, 2010 Vesting Rate: 17% on August 30, 2001; 17% on August 30, 2002; 33% on August 30, 2003; 33% on August 30, 2004. The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cocozza Mark J)

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Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to Employee, and Employee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., Boston time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). The Option shall become exercisable to purchase ("Vesting Rate") that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Employee: Xxxx. Xxxxx X. Xxxxxxx Xxxxxxxx Date of Grant: August 30April ___, 2000 1998 Number of shares purchasable: 47,893 25,000 Exercise Price per share: $10.50 $ _______ Expiration Date: August 30April ___, 2010 2008 Vesting Rate: 17% on August 30, 20014/__/1999; 17% on August 30, 20024/__/2000; 33% on August 30, 20034/__/2001; 33% on August 30, 20044/__/2002. The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Employee Nonqualified Stock Option Agreement (Maxwell Shoe Co Inc)

Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to Employee, and Employee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., Boston time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). The Option shall become exercisable to purchase ("Vesting Rate") that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Employee: Xxxx. X. Xxxx Xxxxxxx Date of Grant: August 30December 12, 2000 1994 Number of shares purchasable: 47,893 40,000 Exercise Price per share: $10.50 9.50 Expiration Date: August 30December 12, 2010 2004 Annual Vesting Rate: 17% on August 30, 2001; 17% on August 30, 2002; 33% on August 30, 2003; 33% on August 30, 2004. See Schedule 1 hereto The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Employee Nonqualified Stock Option Agreement (Cocozza Mark J)

Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to Employee, and Employee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., Boston time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). The Option shall become exercisable to purchase ("Vesting Rate") that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Employee: Xxxx. Xxxx X. Xxxxxxx Date of Grant: August 30April ___, 2000 1998 Number of shares purchasable: 47,893 75,000 Exercise Price per share: $10.50 $ __________ Expiration Date: August 30April ___, 2010 2008 Vesting Rate: 17% on August 30, 2001; 17% on August 30, 2002; 33% on August 30, 2003; 33% on August 30, 2004. The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code.:

Appears in 1 contract

Samples: Employment Agreement (Maxwell Shoe Co Inc)

Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to Employee, and Employee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., Boston time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). The Option shall become exercisable to purchase ("Vesting Rate") that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Employee: Xxxx. Xxxx X. Xxxxxxx Date of Grant: August 30April 27, 2000 1998 Number of shares purchasable: 47,893 75,000 Exercise Price per share: $10.50 17.50 Expiration Date: August 30April 27, 2010 2008 Vesting Rate: 17% on August 30, 2001; 17% on August 30, 2002; 33% on August 30, 2003; 33% on August 30, 2004. The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code.:

Appears in 1 contract

Samples: Employee Nonqualified Stock Option Agreement (Cocozza Mark J)

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Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to Employee, and Employee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., Boston time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). The Option shall become exercisable to purchase ("Vesting Rate") that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Employee: Xxxx. Xxxx X. Xxxxxxx Date of Grant: August 30June 24, 2000 1999 Number of shares purchasable: 47,893 150,000 Exercise Price per share: $10.50 8.875 Expiration Date: August 30June 24, 2010 2009 Vesting Rate: 17% on August 30, 20016/24/00; 17% on August 30, 20026/24/01; 33% on August 30, 20036/24/02; 33% on August 30, 20046/24/03. The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cocozza Mark J)

Grant of Option; Certain Terms and Conditions. The Subject to the --------------------------------------------- provisions of Section 13 below, the Company hereby --------------------------------------------- grants to Employee, and Employee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., Boston time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). The Option shall become exercisable to purchase ("Vesting Rate") that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Employee: Xxxx. X. Xxxxxxx Date of Grant: August 30, 2000 Number of shares purchasable: 47,893 252,107 Exercise Price per share: $10.50 Expiration Date: August 30, 2010 Vesting Rate: 17% on August 30, 2001; 17% on August 30, 2002; 33% on August 30, 2003; 33% on August 30, 2004. The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cocozza Mark J)

Grant of Option; Certain Terms and Conditions. The Company hereby --------------------------------------------- grants to Employee, and Employee hereby accepts, as of the Date of Grant, an option to purchase the number of shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., Boston time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). The Option shall become exercisable to purchase ("Vesting Rate") that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below. Employee: Xxxx. Xxxx X. Xxxxxxx Date of Grant: August 30January 19, 2000 1996 Number of shares purchasable: 47,893 60,000 Exercise Price per share: $10.50 6.25 Expiration Date: August 30January 18, 2010 2006 Vesting Rate: 17% on August 30, 20011/19/97; 17% on August 30, 20021/19/98; 33% on August 30, 20031/19/99; 33% on August 30, 20041/19/2000. The Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cocozza Mark J)

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