Name of Optionee. No. Of Option Shares: Grant Date: Option Exercise Price per Share: Expiration Date:
Name of Optionee. Xxxxxxx X. X'Xxxx ----------------------------- Social Security Number of Optionee: [OMITTED FOR CONFIDENTIALITY] ----------------------------- Number of Shares Subject to Option: 50,000 ----------------------------- Option Price/Base Price Per Share: $25.00 ----------------------------- Grant Date of Option: September 15, 2003 ------------------ Expiration Date of Option: September 15, 2013 ------------------ Exercisability: The Option shall become immediately exercisable with respect to all shares subject to the Option upon the closing stock price of the Company's Common Stock, as reported by the New York Stock Exchange, being at least $25.00 for five consecutive trading days at any time during the term of this Option. The Option may become exercisable earlier than described in the immediately preceding sentence upon the occurrence of a Change in Control as set forth in Section 2 of this Agreement. The Optionee must be employed by the Company on the date that the Option would have become exercisable.
Name of Optionee. TOTAL NUMBER OF SHARES SUBJECT TO OPTION: _______________________
Name of Optionee. Xxxx Xxxxx
Name of Optionee. Xxxxxxx X. X'Xxxx ----------------------------- Social Security Number of Optionee: [OMITTED FOR CONFIDENTIALITY] ----------------------------- Number of Shares Subject to Option: 100,000 ----------------------------- Option Price/Base Price Per Share: $19.66 ----------------------------- Grant Date of Option: September 15, 2003 ------------------ Expiration Date of Option: September 15, 2013 ------------------ Table Regarding Exercisability: NUMBER DATE OF FIRST OF SHARES EXERCISABILITY 1 33,333 September 15, 2004 ------ ------------------ 2 33,333 September 15, 2005 ------ ------------------ 3 33,334 September 15, 2006 ------ ------------------ The Option may become exercisable earlier than the above schedule upon the occurrence of a Change in Control as set forth in Section 2 of this Agreement. The Optionee must be employed by the Company on the Date of First Exercisability set forth in the table for the applicable portion of the Option to become exercisable on that date.
Name of Optionee. No. of Option Shares: -------------------------- Option Exercise Price per Share: $ ---------------------------------------- Grant Date: ------------------------- Expiration Date: ---------------------------------------- Pursuant to the Xxxxxxx American Corporation 1998 Stock Option and Incentive Plan (the "Plan") as amended through the date hereof, Xxxxxxx American Corporation (the "Company") hereby grants to the Optionee named above an option (the "Stock Option") to purchase on or prior to the Expiration Date specified above all or part of the number of shares of Common Stock, par value $ per ----- share (the "Stock") of the Company specified above at the Option Exercise Price per Share specified above subject to the terms and conditions set forth herein and in the Plan.
