This excerpt taken from the EYE 10-K filed Mar 3, 2008.
NONQUALIFIED STOCK OPTION GRANTSTYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">TERMS AND CONDITIONS
SIZE="2">As of April 2007
1. Definitions. Capitalized terms used in this Grant but not
3. Terms of Exercise.
FACE="Times New Roman" SIZE="2">(a) Subject to the provisions of Sections 4, 5, 6, and 7 below, as applicable, the Option shall vest and be exercisable at the option exercise price per share (the Option Price or Exercise
has vested and that has not yet expired and become unexercisable as provided in the Plan or this Grant (Vested Installment). Vested Installments may be exercised, in whole or in part, by giving notice of exercise to AMOs stock plan
administrator, which notice shall specify the number of Options Granted to be purchased and shall be accompanied by payment in full of the purchase price in cash or: (i) in whole or in part, through the delivery of shares of Common Stock duly
endorsed for transfer to AMO with a Fair Market Value on the date of delivery equal to the aggregate exercise price of the Option or exercised portion thereof; provided, however, that if such shares of Common Stock were issued to you directly
from AMO, such shares must have been owned by you for at least six months; or (ii) through a combination of cash and the consideration provided in the foregoing subparagraph (i). Payment of cash may be by personal check, cashiers check or
money market draft on your own account payable to the order of AMO or such other means as the Committee (or with respect to an Option granted to an Independent Director, the Board) shall determine. An exercise is effective only upon receipt of both
the written notice and the payment in full of the purchase price.
4. Change in Control. Notwithstanding anything to the contrary in this Grant, in the event
the Company for Cause, the Option shall become unexercisable as of the date of such termination and you shall thereafter have no further rights to purchase any of the Optioned Shares. STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:4%">(b) Except as otherwise provided in a written agreement between you and the Company, in the event of your termination of employment with
the Company and its subsidiaries for:
(i) Any reason other than for Cause, death, Total Disability, Normal Retirement, or
(ii) Death or Total Disability, the Option shall vest in its entirety as of your last date of employment and
(iii) Normal Retirement, the
(iv) Job Elimination, the Option shall vest in its entirety as of your last date of employment and shall expire and become
FACE="Times New Roman" SIZE="2">(c) In the event your employment terminates for Normal Retirement or for any reason other than for Cause, death, Total Disability or Job Elimination, the Option shall be exercisable by you (or your successor in
(d) In the event that you are prohibited from exercising the Option within