Options and Awards Clause Samples

Options and Awards. All of the restricted stock awards and options heretofore granted to the Executive under the Company's restricted stock award and option plans will be treated in the same manner as the awards and options of other employees of the Company in the Transaction who continue as employees of the Company.

Options and Awards. With respect to the terms and conditions of that (i) certain Nonqualified Stock Option Letter Agreement between LIN and Executive, entered into as of May 22, 1998, relating to the “Make Whole Adjustment,” set forth therein, and (ii) Section 4.3 of the 1998 Phantom Stock Plan, LIN covenants and agrees that it will implement and give effect to the foregoing referenced provisions in the same manner in all material respects as it applies such provisions to other existing employees of LIN.

Options and Awards. The outstanding stock options and stock awards that you hold as of the date hereof are listed on Exhibit "A" attached hereto. Subject to your compliance with the terms of this Agreement and the applicable provisions of your Employee Agreement, and the Release referenced in Section 5 hereto becoming effective in accordance with its terms: (a) Effective as of the date of this Agreement, all 39,126 shares of the Company's Common Stock subject to the restricted stock unit awards granted on April 6, 2005 and March 7, 2006 will vest in full; and (b) Effective on the eighth (8th) day after the Separation Date, (i) the period of time after the Separation Date during which you may exercise the stock option granted on May 24, 2004 (the "May Option") with respect to the 100,000 shares of the Company's Common Stock that are vested as of the Separation Date will be extended to October 6, 2007, and (ii) the period of time after the Separation Date during which you may exercise the stock option granted on April 6, 2005 (the "April Option") with respect to the 85,000 shares of the Company's Common Stock that are vested as of the Separation Date will be extended to October 6, 2007; provided, however, that if such extension of the post-separation exercise periods of such options will cause the Company to record an expense in excess of $100,000, the post-separation exercise periods will be extended with respect to the number of shares subject to such options, as would result in the Company's recording an expense of $100,000, beginning first with the May Option and then with the April Option. Except as specifically provided in Sections 3(a) and 3(b), all other terms and conditions of your restricted stock awards and stock options will remain unchanged and such awards and options will continue to be governed by the terms and conditions of the applicable option or award agreement and of the Company's 1996 or 2005 Equity Incentive Plan, as the case may be. You also acknowledge and affirm that you will comply with the Company's ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Policy, to the extent applicable.

Options and Awards. The Executive shall be entitled to receive such bonuses, stock option grants and other stock-based awards as recommended by the Compensation Committee of the Board of Directors and offered by the Board of Directors.