INCENTIVE STOCK OPTION AGREEMENT PURSUANT TO THE ACADIA HEALTHCARE COMPANY, INC. 2011 INCENTIVE COMPENSATION PLAN
Exhibit 10.25
INCENTIVE STOCK OPTION AGREEMENT
PURSUANT TO THE
ACADIA HEALTHCARE COMPANY, INC. 2011 INCENTIVE COMPENSATION PLAN
PURSUANT TO THE
ACADIA HEALTHCARE COMPANY, INC. 2011 INCENTIVE COMPENSATION PLAN
* * * * *
Participant:
Grant Date:
Per Share Exercise Price: $_____
Number of Shares subject to this Option:
* * * * *
THIS INCENTIVE STOCK OPTION AWARD AGREEMENT (this “Agreement”), dated as of the Grant
Date specified above, is entered into by and between Acadia Healthcare Company, Inc., a corporation
organized in the State of Delaware (the “Company”), and the Participant specified above,
pursuant to the Acadia Healthcare Company, Inc. 2011 Incentive Compensation Plan, as in effect and
as amended from time to time (the “Plan”), which is administered by the Committee; and
or is intended to provide, the Participant with any protection against potential future dilution of
the Participant’s interest in the Company for any reason. The Participant shall have no rights as
a stockholder with respect to any shares of Common Stock covered by the Option unless and until the
Participant has become the holder of record of such shares, and no adjustments shall be made for
dividends in cash or other property, distributions or other rights in respect of any such shares,
except as otherwise specifically provided for in the Plan or this Agreement.
Vesting Date | Number of Shares | |
[•] | [•] |
There shall be no proportionate or partial vesting in the periods prior to each vesting date and
all vesting shall occur only on the appropriate vesting date, subject to the Participant’s
continued service with the Company or any of its Subsidiaries on each applicable vesting date.
Upon expiration of the Option, the Option shall be cancelled and no longer exercisable.
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encumber or otherwise
dispose of or hypothecate in any way the Option, or the levy of any execution, attachment or
similar legal process upon the Option, contrary to the terms and provisions of this Agreement
and/or the Plan shall be null and void and without legal force or effect.
8. Governing Law. All questions concerning the construction, validity and
interpretation of this Agreement shall be governed by, and construed in accordance with, the laws
of the State of Delaware, without regard to the choice of law principles thereof.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above.
ACADIA HEALTHCARE COMPANY, INC. |
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By: | ||||
Name: | ||||
Title: | ||||
PARTICIPANT |
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Name: | ||||
Social Security Number: |
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