Common use of Stock Options and Other Benefits Clause in Contracts

Stock Options and Other Benefits. a. SunLink has granted or shall grant to Executive, five-year options to purchase a total of 75,000 shares of the common stock of SunLink. Such grant is or shall be effective as of the date of grant as determined by the Board of Directors of SunLink. The options granted or to be granted pursuant and subject to such stock option plan were approved by SunLink's shareholders at their 2001 annual meeting at an exercise price per share equal to the closing sale price of SunLink's common stock on the American Stock Exchange (or such other exchange or system where such Shares are listed) as of the date of grant. The options so granted shall vest 25% one the first through fourth anniversaries of the date of grant. b. In addition to participating in the option plan pursuant to Section 4(a), Executive shall during the term of Executive's employment be eligible to participate in any additional employee stock option plan or arrangement adopted by SunLink which includes senior SunLink officers and to receive additional grants of options under such plans in such numbers and at such exercise prices as the Board of Directors of SunLink shall determine in its discretion. c. The Executive shall participate in all retirement, welfare, deferred compensation, life and health insurance, and other benefit plans or programs (exclusive of those benefits referenced in Sections 4(e), 4(f), 4(g.), and 4(h) of the 2001 Agreement) of SunLink now or hereafter applicable to a class of employees that includes senior executives of SunLink on such basis as the Board of Directors of SunLink shall from time to time determine; provided, however, that during which the Executive is subject to a Disability, and during the 90-day period of physical or mental infirmity leading up to the Executive's Disability, the amount of the Executive's compensation provided under this Section 4 shall be reduced by the sum of the amounts, if any, paid to the Executive for the same period under any disability benefit or pension plan of SunLink, SunLink or any subsidiary thereof. d. SunLink shall provide supplemental term life insurance coverage equal to $300,000. e. The Executive shall receive twenty (20) days paid vacation each year. Unused vacation may not be carried over to subsequent years.

Stock Options and Other Benefits. a. SunLink has granted or shall grant to Executive, five-year options to purchase a total of 75,000 110,000 shares of the common stock of SunLink. Such grant is or shall be effective as of the date of grant as determined by the Board of Directors of SunLink. The options granted or to be granted pursuant and subject to such stock option plan were approved by SunLink's shareholders at their 2001 annual meeting at an exercise price per share equal to the closing sale price of SunLink's common stock on the American Stock Exchange (or such other exchange or system where such Shares are listed) as of the date of grant. The options so granted shall vest 2520% one as of the first through date of grant and an additional 20% annually at the first, second, third and fourth anniversaries of the date of grant. b. In addition to participating in the option plan pursuant to Section 4(a), Executive shall during the term of Executive's employment be eligible to participate in any additional employee stock option plan or arrangement adopted by SunLink which includes senior SunLink officers and to receive additional grants of options under such plans in such numbers and at such exercise prices as the Board of Directors of SunLink shall determine in its discretion. c. The Executive shall participate in all retirement, welfare, deferred compensation, life and health insurance, and other benefit plans or programs (exclusive of those benefits referenced in Sections 4(e), 4(f), 4(g.), and 4(h) of the 2001 Agreement) of SunLink now or hereafter applicable to a class of employees that includes senior executives of SunLink on such basis as the Board of Directors of SunLink shall from time to time determine; provided, however, that during which the Executive is subject to a Disability, and during the 90-day period of physical or mental infirmity leading up to the Executive's Disability, the amount of the Executive's compensation provided under this Section 4 shall be reduced by the sum of the amounts, if any, paid to the Executive for the same period under any disability benefit or pension plan of SunLink, SunLink or any subsidiary thereof. d. SunLink shall provide supplemental term life insurance coverage equal to $300,000. e. The Executive shall receive twenty (20) days paid vacation each year. Unused vacation may not be carried over to subsequent years.

Stock Options and Other Benefits. a. SunLink has granted or shall grant to Executive, five-year options to purchase a total of 75,000 200,000 shares of the common stock of SunLink. Such grant is was or shall be effective as of the date of grant as determined by the Board of Directors of SunLinkBoard. The options granted were or to shall be granted pursuant and subject to such the stock option plan were approved by SunLink's shareholders at their 2001 annual meeting at an exercise price per share equal to the closing sale price of SunLink's common stock on the American Stock Exchange (or such other exchange or system where such Shares are listed) as of the date of grant. The options so granted shall vest 2520% one as of the first through date of grant and an additional 20% annually at the first, second, third and fourth anniversaries of the date of grant. b. In addition to participating in the option plan pursuant to Section 4(a)) and SunLink's preexisting option plan, Executive shall during the term of Executive's employment be eligible to participate in any additional employee stock option plan or arrangement adopted by SunLink which includes senior SunLink officers and to receive additional grants of options under such plans in such numbers and at such exercise prices as the Board of Directors of SunLink shall determine in its discretion. c. The Executive shall participate in all retirement, welfare, deferred compensation, life and health insurance, and other benefit plans or programs (exclusive of those benefits referenced in Sections 4(e4(d), 4(f), 4(g.), 4(h) and 4(h4(i) of the 2001 Agreement) of SunLink now or hereafter applicable to the Executive or applicable to a class of employees that includes senior executives of SunLink on such basis as the Board of Directors of SunLink shall from time to time determineSunLink; provided, however, that during which any period during the Fixed Term or any Extended Term that the Executive is subject to a Disability, and during the 90180-day period of physical or mental infirmity leading up to the Executive's Disability, the amount of the Executive's compensation provided under this Section 4 shall be reduced by the sum of the amounts, if any, paid to the Executive for the same period under any disability benefit or pension plan of SunLink, SunLink or any subsidiary thereof. d. SunLink shall provide supplemental term life insurance coverage equal to $300,000. e. The Executive shall receive twenty twenty-five (2025) days paid vacation each year. Unused vacation may not be carried over to subsequent years.

Stock Options and Other Benefits. a. SunLink has granted or shall XXXX xxxll grant to Executive, five-year options to purchase a total of 75,000 200,000 shares of the common stock of SunLinkKRUG. Such grant is or shall Xxch granx xxxll be effective as of the date of grant as determined by the Board of Directors of SunLinkBoard. The options granted or to shall be granted pursuant and subject to such a new stock option plan were to be approved by SunLink's shareholders KRUG'x xxxreholders at their 2001 next annual meeting and will be similar to the KRUG Xxxernational Corp. 1995 Incentive Stock Option Plan at an exercise price per share equal to the closing sale price of SunLink's common KRUG'x xxxmon stock on the American Stock Exchange (or such other exchange or system where such Shares are listed) as of the date of grant. The options so granted shall vest 2520% one as of the first through date of grant and an additional 20% annually at the first, second, third and fourth anniversaries of the date of grant. b. In addition to participating in the new option plan pursuant to Section 4(a)) and KRUG'x xxxsting option plan, Executive shall during the term of Executive's employment be eligible to participate in any additional employee stock option plan or arrangement adopted by SunLink which KRUG xxxch includes senior SunLink officers and KRUG xxxicers to receive additional grants of options under such plans in such numbers and at such exercise prices as the Board of Directors of SunLink shall determine in its discretion. c. The Executive shall participate in all retirement, welfare, deferred compensation, life and health insurance, and other benefit plans or programs (exclusive of those benefits referenced in Sections 4(e), 4(f), 4(g.), and 4(h) of the 2001 Agreement) of SunLink now KRUG xxx or hereafter applicable to the Executive or applicable to a class of employees that includes senior executives of SunLink on such basis as the Board of Directors of SunLink shall from time to time determineKRUG; providedxxovided, however, that during which any period during the Fixed Term or any Extended Term that the Executive is subject to a Disability, and during the 90180-day period of physical or mental infirmity leading up to the Executive's Disability, the amount of the Executive's compensation provided under this Section 4 shall be reduced by the sum of the amounts, if any, paid to the Executive for the same period under any disability benefit or pension plan of SunLink, SunLink or any subsidiary thereofKRUG. d. SunLink shall x. XXXX xxxll reimburse Executive up to $2,000.00 per year for Executive paid premiums, deductibles, co-insurance and non-covered charges under health, dental and disability plans of either company in which Executive participates, including reimbursement for the cost of an executive physical annually in an amount not to exceed $1,000.00 per year. e. XXXX xxxll provide supplemental term life insurance coverage equal to $300,000three (3) times base salary. e. f. XXXX xxxll reimburse Executive up to $2,000.00 per year for continuing education costs, including travel. g. XXXX xxxll reimburse Executive up to $3,000.00 per year for club dues, fees and charges. h. XXXX xxxll reimburse Executive up to $3,000.00 per year for legal and accounting fees paid by Executive for personal legal and accounting services, which shall be in addition to costs relating to the negotiation and advice relating to this agreement which shall be paid by KRUG. i. Reimbursement under Items 3(d), 3(f) and 3(g) above may be claimed for out-of-pocket expenses Executive has incurred since April 1, 2000. j. The Executive shall receive twenty twenty-five (2025) days paid vacation each year. Unused vacation may not be carried over to subsequent years.