GVHR » Topics » Termination of Stock Incentives

This excerpt taken from the GVHR DEF 14A filed Apr 17, 2008.

Termination of Stock Incentives

        A particular Stock Incentive may terminate, as determined by the compensation committee, among other reasons, upon the recipient's termination of employment or other status with Gevity or any affiliate of Gevity, upon a specified date, upon the recipient's death or disability; provided, however, that a vested incentive stock option will expire or become unexercisable no later than three months following termination of employment of the holder of the incentive stock option (for reasons other than death or disability) or one year following such holder's death or disability. These time limits, however, may be exceeded by the compensation committee under the terms of a particular grant, in which case the incentive stock option will become a nonqualified stock option.

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