Send us Feedback

Advanced Medical Optics (EYE)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
OPERATING METRICS
REVENUE SOURCES
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

EYE » Topics » NONQUALIFIED STOCK OPTION GRANT

This excerpt taken from the EYE 10-K filed Mar 3, 2008.

NONQUALIFIED STOCK OPTION GRANT

STYLE="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
otherwise defined shall have the same meanings as in the 2004 Stock Incentive Plan, as amended (the “Plan”).

2. The
Option. You may, at your discretion and on the terms and conditions set forth herein, purchase all or any part of an aggregate of the shares of Common Stock at the price per share set forth in the Grant Summary (the “Summary”).

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
Price”) and as to the specified number of shares (the “Vesting Amount”) on and after the dates set forth under Vesting Schedule and on or before the “Expiration Date” as set forth in the Summary. You have no right to
exercise the Option with respect to any installment until such installment vests as provided in the Summary. The Option granted hereunder shall expire and be no longer exercisable as provided in the Plan and this Grant.

STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:4%">(b) The Option may be exercised as to all or any portion of the “Options Granted” covered by an installment of the Option that
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 AMO’s 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, cashier’s 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
of a Change in Control the Option shall, as of the date of such Change in Control, immediately become vested and exercisable with respect to the full number of Options Granted.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">5. Termination of Employment. This Section 5 shall apply solely to Options granted to Employees.

STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:4%">(a) Except as otherwise provided in a written agreement between you and the Company, in the event of termination of your employment with
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
Job Elimination, the Options shall become unexercisable as of the earlier of (A) the date the Vested Installments expire in accordance with the provisions of Section 3(a) above or (B) three calendar months after the date of
termination.

(ii) Death or Total Disability, the Option shall vest in its entirety as of your last date of employment and
shall expire and become unexercisable one calendar year after the date of your termination.

(iii) Normal Retirement, the
Option shall expire and become unexercisable as of the earlier of (A) the date the Vested Installments expire in accordance with the provisions at Section 3(a) above or (B) three calendar years after the date of termination.

(iv) Job Elimination, the Option shall vest in its entirety as of your last date of employment and shall expire and become
unexercisable as of the earlier of (A) the date the Vested Installments expire in accordance with the provisions at Section 3(a) above or (B) three calendar months after the date of termination. Notwithstanding the foregoing, if you
meet the requirements for Normal Retirement at the time your employment is terminated for Job Elimination, your Option shall become vested as of the last date of employment, and your Option shall expire and become unexercisable as of the earlier to
occur of (Y) the date the Option expires in accordance with the provisions of Section 3(a) above or (Z)







three calendar years after the date of termination. In order to receive the accelerated vesting set forth in this section (iv), you must sign and deliver to
AMO a release and waiver with respect to any and all claims relating to your employment with or termination from the Company in a form acceptable to AMO.

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
interest in the event of your death after your employment terminates) following your termination of employment only to the extent that installments thereof had become exercisable on or prior to the date of such termination and had not expired and
become unexercisable on or prior to such date.

(d) In the event that you are prohibited from exercising the Option within
the otherwise specified time period following termination of employment due to a delay with respect to the administration of the Plan, the circumstances of which are beyond your control, the period of time to exercise the Option shall be extended
and be deemed to begin on the date you are permitted to exercise the Option. In the event that you are unable to exercise your Option after your termination of employment because AMO has blocked all trading of Options by all optionees for
administrative or legal purposes, the days covered by the block will not count toward your exercise period.

"NONQUALIFIED STOCK OPTION GRANT" elsewhere:

Orthovita (VITA)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki