FL » Topics » NONSTATUTORY STOCK OPTION AWARD AGREEMENT

This excerpt taken from the FL 10-K filed Mar 27, 2006.

NONSTATUTORY STOCK OPTION AWARD AGREEMENT

 

Stock Option Grant

Effective                                     (the “Date of Grant”), pursuant to action taken by the Compensation and Management Resources Committee [or the Stock Option Plan Sub-Committee] of the Board of Directors of Foot Locker, Inc. (the “Company”), a New York corporation, the Company hereby grants to you a Nonstatutory Option (the “Option”) under the Foot Locker                   Stock Option and Award Plan (the “Plan”), to purchase, in accordance with the terms of the Plan, up to, but not more than, that number of full shares of common stoc (“Common Stock”) set forth below at the purchase price per share of US $      (the “Exercise Price”), which is 100 percent of the Fair Market Value (as defined in the Plan) of a share of Common Stock on                          .

 

The Option has been granted to you for a period expiring on                   unless, prior to that time, the Option is exercised in full, is cancelled, or expires due to your death, retirement or other termination of employment, as provided in the Plan. Except as otherwise provided in the Plan, the Option will become exercisable in annual installments over a three-year vesting period according to the vesting schedule set forth below.

 

Name of Participant:   __________________  
 
Number of Shares of Common 
Stock Covered by the Option:  __________________ 
 
 
Date of Grant:  __________________ 
 
 
Exercise Price Per Share:  $_________________ 
 
 
Vesting Schedule:  __________________ 
 

 

                

 

The Option is subject to the terms of the Plan, the Prospectus covering the Plan dated                , any subsequently issued Prospectus or Appendix covering the Plan, and the terms and conditions set forth above. All of these documents are incorporated herein by this reference and made a part of the Option.

 



 

 

Non-Competition [Optional provision, as determined by the Compensation and Management

Resources Committee or the Stock Option Plan Sub-Committee]

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