OPTION SURRENDER AGREEMENTOption Surrender Agreement • November 6th, 2018 • American Superconductor Corp /De/ • Motors & generators
The undersigned holder of stock options (the “Company Options”) to acquire shares of common stock of the Company, par value $0.01, granted pursuant to the 2007 Stock Incentive Plan, as amended (the “Plan”), agrees to surrender to the Company each Company Option set forth on Exhibit A hereto (the “Surrendered Options”) in order to allow the Company to allocate the shares underlying the Surrendered Options to other Company employees. The undersigned acknowledges that the surrender of the Surrendered Options shall be without any expectation of the undersigned to receive, and without imposing any obligation on the Company to pay or grant, any cash, equity awards or other consideration presently or in the future in connection with the surrender of the Surrendered Options.
