SAMSONITE CORPORATION EXECUTIVE STOCK OPTION AGREEMENT (For Covered Employees under IRC 162(m))Executive Stock Option Agreement • February 18th, 2005 • Samsonite Corp/Fl • Leather & leather products • New York
The stock options granted hereunder are awarded under the Company's FY 1999 Stock Option and Incentive Award Plan ("1999 Plan") and are subject to the terms thereof. The shares of common stock of the Company, par value $.01 per share (the "Common Stock") to be issued upon exercise of the Options (as defined below) (the "Option Shares"), will also be subject to the terms of the Executive Stockholders Agreement, dated as of September 23, 2003, as amended and restated from time to time (the "Executive Stockholders Agreement"), by and among (i) the Company (ii) ACOF Management, L.P., a Delaware limited partnership ("Ares"), (iii) Bain Capital (Europe) LLC, a Delaware limited liability company ("Bain Capital"), (iv) Ontario Teachers' Pension Plan Board, a non-share capital corporation established under the laws of Ontario ("OTPP" and together with Ares and Bain, the "New Investors"), and (v) individual executives of the Company and its Subsidiaries.
