Anniversary of Date of Grant Amount Vesting on Anniversary Date Cumulative Amount Vested as of Anniversary Date First 25% 25% Second 25% 50% Third 25% 75% Fourth 25% 100% (b) Stock Option Period. The Stock Option shall expire ten years from the Date...Nonqualified Stock Option Agreement • March 27th, 1998 • Bedford Property Investors Inc/Md • Real estate investment trusts • Maryland
NONQUALIFIED STOCK OPTION AGREEMENT (this "agreement") dated as of the Date of Grant (as defined below) between BEDFORD PROPERTY INVESTORS, INC., a Maryland corporation (the "Company"), and the other party signatory hereto (the "Participant"). WHEREAS, the Participant is currently an employee or consultant of the Company and, pursuant to the Company's Amended and Restated Employee Stock Plan (the "Plan") and upon the terms and subject to the conditions hereinafter set forth, the Company desires to provide the Participant with an incentive to remain in its service and to increase his or her interest in the success of the Company by granting to the Participant a nonqualified stock option (the "Stock Option") to purchase shares of common stock, par value $0.02 per share, of the Company (the "Common Stock"); NOW, THEREFORE, in consideration of the covenants and agreements herein contained, the parties hereto agree as follows: 1. Definitions; Incorporation of Plan Terms. Capitalized terms u
EXHIBIT 10.20Bedford Property Investors Inc/Md • March 27th, 1998 • Real estate investment trusts
__, 1998 [Addressee] 270 Lafayette Circle Lafayette, CA 94549Bedford Property Investors Inc/Md • March 27th, 1998 • Real estate investment trusts
