Nonqualified Option Award Agreement Sample Contracts

Standard Contracts

ADT INC. NONQUALIFIED OPTION AWARD AGREEMENT (TIME AND PERFORMANCE VESTING)
Nonqualified Option Award Agreement • September 12th, 2022 • ADT Inc. • Services-detective, guard & armored car services • Delaware

THIS NONQUALIFIED OPTION AWARD AGREEMENT (this “Agreement”), is entered into as of [ ], 20[ ] (the “Date of Grant”), by and between ADT Inc., a Delaware corporation (the “Company” or “ADT”), and [NAME] (the “Participant”). Capitalized terms used in this Agreement and not otherwise defined herein have the meanings ascribed to such terms in the ADT Inc. 2018 Omnibus Incentive Plan, as amended, restated or otherwise modified from time to time in accordance with its terms (the “Plan”).

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NONQUALIFIED OPTION AWARD AGREEMENT COLGATE-PALMOLIVE COMPANY
Nonqualified Option Award Agreement • February 21st, 2018 • Colgate Palmolive Co • Perfumes, cosmetics & other toilet preparations

This Award Agreement (including, if applicable, the appendix hereto) will confirm the following Award of a Nonqualified Option made to you on [DATE], 20[__] by the Personnel and Organization Committee of the Board of Directors of Colgate-Palmolive Company (the “Company”) pursuant to the 2013 Incentive Compensation Plan (the “Plan”). Copies of the Plan, the Plan Prospectus and the Guidelines Regarding the Effect of Termination of Employment on Awards Granted under the Plan, adopted on March 13, 2014 (the “Termination Guidelines”) are available online via the Merrill Lynch Benefits OnLine® website which can be accessed at OurColgate.com under ColgatePeople, if you prefer to receive a paper copy, they are available from the Company at 300 Park Avenue, New York, NY, 10022, Attention: Ms. Jennifer M. Daniels, Chief Legal Officer and Secretary. These are important documents with respect to your Award, and we urge you to take the time to review them. Capitalized terms used in this Award Agree

Contract
Nonqualified Option Award Agreement • June 14th, 2018 • J.Jill, Inc. • Women's, misses', and juniors outerwear • Delaware

THIS NONQUALIFIED OPTION AWARD AGREEMENT (this “Agreement”), is entered into as of April 16, 2018 (the “Date of Grant”), by and between J.Jill, Inc., a Delaware corporation (the “Company”), and Linda Heasley (the “Participant”).

VTV THERAPEUTICS INC. INDUCEMENT AWARD NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • October 20th, 2021 • vTv Therapeutics Inc. • Pharmaceutical preparations • Delaware

THIS INDUCEMENT AWARD NONQUALIFIED OPTION AWARD AGREEMENT (the “Agreement”), is entered into as of October 19, 2021 (the “Date of Grant”), by and between vTv Therapeutics Inc., a Delaware corporation (the “Company”), and Deepa Prasad (the “Participant”).

KRATON CORPORATION NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • February 12th, 2018 • Kraton Corp • Plastic materials, synth resins & nonvulcan elastomers • Texas

Upon acceptance by you through the online acceptance procedures set forth at www.etrade.com, this Nonqualified Option Award Agreement (this “Agreement”) is made effective as of the Grant Date (defined below) between Kraton Corporation (the “Company”, and formerly known as Kraton Performance Polymers, Inc.) and you (the “Participant”). This Agreement evidences a nonqualified stock option to purchase shares of the common stock, $0.01 par value, of the Company (“Common Stock”) under the Company’s 2016 Equity and Cash Incentive Plan (as amended, the “Plan”). No part of this option granted hereby is intended to qualify as an “incentive stock option” under Section 422 of the Code. Unless otherwise indicated, any capitalized term used but not defined herein shall have the meaning ascribed to such term in the Plan.

FORM NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • April 16th, 2014 • Caesars Acquisition Co • Hotels & motels • Delaware

THIS NONQUALIFIED OPTION AWARD AGREEMENT (the “Agreement”) is made by and between Caesars Acquisition Company, a Delaware corporation (the “Corporation”), and [_____________] (“Participant”) on the date set forth on the final page of this Agreement. (the “Date of Grant”). Any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Caesars Acquisition Company 2014 Performance Incentive Plan (the “Plan”).

CAESARS ENTERTAINMENT CORPORATION 2012 PERFORMANCE INCENTIVE PLAN AMENDED AND RESTATED NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • March 16th, 2015 • CAESARS ENTERTAINMENT Corp • Hotels & motels • Delaware

This is an AMENDMENT AND RESTATEMENT of that certain award agreement (as amended and restated, the “Agreement”) made by and between Caesars Entertainment Corporation, a Delaware corporation (the “Corporation”), and Gary Loveman (the “Participant”) on May 7, 2014 (the “Original Agreement”), relating to an award of Options under the Caesars Entertainment Corporation 2012 Performance Incentive Plan (the “Plan”). Any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.

CAESARS ENTERTAINMENT CORPORATION NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • November 8th, 2012 • CAESARS ENTERTAINMENT Corp • Hotels & motels • Delaware

THIS NONQUALIFIED OPTION AWARD AGREEMENT (the “Agreement”) is made by and between Caesars Entertainment Corporation, a Delaware corporation (the “Corporation”), and the “Participant” on the date set forth on the final page of this Agreement. Any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.

INNOVATE CORP. NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • March 9th, 2022 • INNOVATE Corp. • Fabricated structural metal products • Delaware

THIS NONQUALIFIED OPTION AWARD AGREEMENT (the “Agreement”), is made as of [insert date] (the “Date of Grant”), between INNOVATE Corp. (the “Company”), and [insert name] (the “Participant”).

TAYLOR MORRISON HOME CORPORATION FORM OF EMPLOYEE NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • August 5th, 2015 • Taylor Morrison Home Corp • Operative builders • Delaware

THIS NONQUALIFIED OPTION AWARD AGREEMENT (the “Agreement”), dated as of [Grant Date] (the “Date of Grant”), is made by and between Taylor Morrison Home Corporation, a Delaware corporation (the “Company”), and [Participant Name] (“Participant”). Any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.

DRIVEN BRANDS HOLDINGS INC. NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • January 7th, 2021 • Driven Brands Holdings Inc. • Services-automotive repair, services & parking • Delaware

THIS NONQUALIFIED OPTION AWARD AGREEMENT (this “Agreement”), is entered into as of [DATE] (the “Date of Grant”), by and between Driven Brands Holdings Inc., a Delaware corporation (the “Company”), and [NAME] (the “Participant”). Capitalized terms used in this Agreement and not otherwise defined herein have the meanings ascribed to such terms in the Driven Brands Holdings Inc. 2021 Omnibus Incentive Plan, as amended, restated or otherwise modified from time to time in accordance with its terms (the “Plan”).

ENDEAVOR GROUP HOLDINGS, INC. NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • August 27th, 2019 • Endeavor Group Holdings, Inc. • Services-amusement & recreation services • Delaware

This NONQUALIFIED OPTION AWARD AGREEMENT (this “Agreement”), is entered into as of (the “Date of Grant”), by and between Endeavor Group Holdings, Inc., a Delaware corporation (the “Company”), and (the “Participant”). Capitalized terms used in this Agreement and not otherwise defined herein have the meanings ascribed to such terms in the Endeavor Group Holdings, Inc. 2019 Incentive Award Plan, as amended, restated or otherwise modified from time to time in accordance with its terms (the “Plan”).

HRG GROUP, INC. FORM OF EMPLOYEE NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • January 27th, 2017 • HRG Group, Inc. • Miscellaneous electrical machinery, equipment & supplies • Delaware

THIS NONQUALIFIED OPTION AWARD AGREEMENT (the “Agreement”), is made, effective as of [_____], 2016 (the “Date of Grant”), between HRG Group, Inc. (the “Company”), and David Maura (the “Participant”).

Walter Investment Management Corp. 1999 Equity Incentive Plan Nonqualified Option Award Agreement
Nonqualified Option Award Agreement • May 26th, 2009 • Walter Investment Management Corp • Real estate investment trusts

THIS AGREEMENT, effective as of the Date of Grant set forth above, represents the grant of a nonqualified Option by Walter Investment Management Corp., a Maryland corporation (the “Company”), to the Participant named above, pursuant to the provisions of the Plan.

CAESARS ENTERTAINMENT CORPORATION 2012 PERFORMANCE INCENTIVE PLAN AMENDED AND RESTATED NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • March 16th, 2015 • CAESARS ENTERTAINMENT Corp • Hotels & motels • Delaware

This is an AMENDMENT AND RESTATEMENT of that certain award agreement (as amended and restated, the “Agreement”) made by and between Caesars Entertainment Corporation, a Delaware corporation (the “Corporation”), and Gary Loveman (the “Participant”) on September 20, 2012 (the “Original Agreement”), relating to an award of Options under the Caesars Entertainment Corporation 2012 Performance Incentive Plan (the “Plan”). Any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.

CORE SCIENTIFIC, INC. NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • August 11th, 2021 • Power & Digital Infrastructure Acquisition Corp. • Blank checks • Delaware

THIS NONQUALIFIED OPTION AWARD AGREEMENT (this “Award Agreement”), is made effective as of (the “Grant Date”), by and between Core Scientific, Inc., a Delaware corporation (the “Company”), and (the “Grantee”). Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Core Scientific (f/k/a MineCo Holdings, Inc.) 2018 Omnibus Incentive Plan (the “Plan”).

MICHAEL KORS HOLDINGS LIMITED OMNIBUS INCENTIVE PLAN EMPLOYEE NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • August 7th, 2014 • Michael Kors Holdings LTD • Leather & leather products • Virgin Islands

THIS NONQUALIFIED OPTION AWARD AGREEMENT (the “Agreement”), dated as of [Insert Date] (the “Date of Grant”), is made by and between Michael Kors Holdings Limited, a limited liability company under the laws of the British Virgin Islands (the “Company”), and [Insert Name] (“Participant”). Any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.

CAESARS ENTERTAINMENT CORPORATION 2012 PERFORMANCE INCENTIVE PLAN AMENDED AND RESTATED NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • March 16th, 2015 • CAESARS ENTERTAINMENT Corp • Hotels & motels • Delaware

This is an AMENDMENT AND RESTATEMENT of that certain award agreement (as amended and restated, the “Agreement”) made by and between Caesars Entertainment Corporation, a Delaware corporation (the “Corporation”), and Gary Loveman (the “Participant”) on April 16, 2012 (the “Original Agreement”), relating to an award of Options under the Caesars Entertainment Corporation 2012 Performance Incentive Plan (the “Plan”). Any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.

VTV THERAPEUTICS INC. INDUCEMENT AWARD NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • July 27th, 2022 • vTv Therapeutics Inc. • Pharmaceutical preparations • Delaware

THIS INDUCEMENT AWARD NONQUALIFIED OPTION AWARD AGREEMENT (the “Agreement”), is entered into as of July 26, 2022 (the “Date of Grant”), by and between vTv Therapeutics Inc., a Delaware corporation (the “Company”), and Paul Sekhri (the “Participant”).

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GLOBAL BRASS AND COPPER HOLDINGS, INC. NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • March 19th, 2014 • Global Brass & Copper Holdings, Inc. • Rolling drawing & extruding of nonferrous metals • Delaware

THIS NONQUALIFIED OPTION AWARD AGREEMENT (the “Agreement”), effective as of [ ], 2013 (the “Date of Grant”), is made by and between Global Brass and Copper Holdings, Inc., a Delaware corporation (the “Company”), and [ ] (the “Participant”). Any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.

DRIVEN BRANDS HOLDINGS INC. NONQUALIFIED OPTION AWARD AGREEMENT
Nonqualified Option Award Agreement • January 7th, 2021 • Driven Brands Holdings Inc. • Services-automotive repair, services & parking • Delaware

THIS NONQUALIFIED OPTION AWARD AGREEMENT (this “Agreement”), is entered into as of [DATE] (the “Date of Grant”), by and between Driven Brands Holdings Inc., a Delaware corporation (the “Company”), and [NAME] (the “Participant”). Capitalized terms used in this Agreement and not otherwise defined herein have the meanings ascribed to such terms in the Driven Brands Holdings Inc. 2021 Omnibus Incentive Plan, as amended, restated or otherwise modified from time to time in accordance with its terms (the “Plan”).

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