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This excerpt taken from the SVU 8-K filed Jul 20, 2007. 2007 STOCK PLAN RESTORATION STOCK OPTION AGREEMENT This Restoration Stock Option Agreement is made and entered into as of the grant date indicated below (the “Grant Date”), by and between SUPERVALU INC. (the “Company”) and the individual whose name appears below (“Optionee”). The Company has established the 2007 Stock Plan (the “Plan”), under which certain key employees of the Company and its Affiliates may be granted stock options (each a “Restoration Option”) to purchase shares of the Company’s common stock, par value $1.00 per share (each a “Share”), in consideration for tendering Shares in payment for the exercise price and withholding tax, if applicable, due on the exercise of certain stock options previously granted by the Company to the Optionee. Optionee has tendered Shares in payment of the exercise price and withholding tax, if applicable, of such a stock option and has been granted a Restoration Option to purchase additional shares of common stock of the Company as follows: In consideration of the foregoing, the Company and Optionee hereby agree as follows: 1. Grant. The Company hereby grants Optionee, subject to Optionee’s acceptance hereof, the right and option to purchase the number of Shares indicated below at the exercise price per Share indicated below (the “Exercise Price”), effective as of the Grant Date. The Restoration Option has been designated as a non-qualified stock option (“NQ”) for tax purposes, the consequences of which are set forth in the prospectus that describes the Plan. Except as otherwise provided in the accompanying Restoration Stock Option Terms and Conditions attached hereto (the “Terms and Conditions”), (i) the Restoration Option is immediately exercisable, with respect to all of the Shares subject thereto, as of the Grant Date and (ii) the Restoration Option will expire on the expiration date indicated below (the “Expiration Date”). 2. Acceptance of Restoration Option and Terms and Conditions. The Restoration Option is subject to and governed by the Terms and Conditions attached hereto, which are incorporated herein and made a part hereof, and the terms and provisions of the Plan. To accept the Restoration Option, Optionee must sign and return a copy of this Restoration Stock Option Agreement to the Company or this Restoration Stock Option Agreement must be delivered and accepted through an electronic medium in accordance with procedures established by the Company. By doing so, Optionee acknowledges receipt of the accompanying Terms and Conditions and the Plan, and represents that Optionee has read and understands same and agrees to be bound by the accompanying Terms and Conditions and the terms and provisions of the Plan. In the event that any provision of this Restoration Stock Option Agreement or the accompanying Terms and Conditions is inconsistent with the terms and provisions of the Plan, the terms and provisions of the Plan shall govern. Any question of administration or interpretation arising under this Restoration Stock Option Agreement or the accompanying Terms and Conditions shall be determined by the Committee administering the Plan, and such determination shall be final, conclusive and binding upon all parties in interest.
This excerpt taken from the SVU DEF 14A filed May 7, 2007. 2007 STOCK PLAN
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Table of ContentsSUPERVALU INC. This excerpt taken from the SVU 10-K filed May 10, 2006. 2002 STOCK PLAN RESTORATION STOCK OPTION AGREEMENT This Restoration Stock Option Agreement is made and entered into as of the Grant Date listed below, by and between SUPERVALU INC. (the “Company”) and the individual whose name and address appears in the signature space below (“Optionee”). The Company has established the 2002 Stock Plan, as amended (the “Plan”), under which certain key employees of the Company may be granted restoration stock options (each a “Restoration Option”) to purchase shares of the Company’s common stock, par value $1.00 per share (each a “Share”), in consideration for tendering Shares in payment for the exercise price and withholding tax, if applicable, due on the exercise of a stock option previously granted by the Company. Optionee has tendered Shares in payment of the exercise price and withholding tax, if applicable, of a stock option and has been granted a Restoration Option to purchase additional shares of common stock of the Company as follows: In consideration of the foregoing, the Company and Optionee hereby agree as follows: 1. Grant. The Company hereby grants Optionee a Restoration Option to purchase the number of Shares set forth in the table below, effective as of the Grant Date indicated therein. The Restoration Option shall be a non-qualified, having an exercise price and expiration date as indicated in the table below. Subject to the Restoration Stock Option Terms and Conditions attached hereto (the “Terms and Conditions”), the Restoration Option is immediately exercisable, with respect to all of the Shares subject thereto, as of the Grant Date.
2. Acceptance of Restoration Option and Terms and Conditions. The Restoration Option is governed by and subject to the Terms and Conditions attached hereto and the provisions of the Plan. Optionee hereby acknowledges receipt of the Terms and Conditions, and the Plan, and represents that he or she has read and understands same. Optionee hereby accepts the Restoration Option and agrees to be bound by all of the Terms and Conditions and the provisions of the Plan. In witness whereof, this Restoration Stock Option Agreement has been executed by the Company and Optionee as of the Grant Date listed above.
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This excerpt taken from the SVU DEF 14A filed May 11, 2005. 2002 STOCK PLAN
The following table sets forth the number of shares of SUPERVALU common stock covered by options or other awards granted under the Plan during the 2005 fiscal year. No incentive awards made under the 2002 Stock Plan prior to the date of the Annual Meeting, June 15, 2005, have been made subject to stockholder approval. The number and type of awards that will be granted in the future under the Plan to officers, employees and non-employee directors are not determinable as the Committee will make such determinations in its discretion.
Stock Options. Options may be exercised by payment of the exercise price, either in cash or, at the discretion of the Committee, by using shares of our common stock or other consideration having a fair market value equal to the exercise price.
The Committee may also grant restoration options with terms and conditions established by the Committee. Restoration options (commonly referred to as “reload” options) may be granted when a participant pays the exercise price of the option by using previously owned shares of common stock. The restoration option is granted for a number of shares not exceeding the number of shares surrendered in payment of the option exercise price plus the number of shares, if any, surrendered or withheld in payment of tax obligations of the participant in connection with the exercise of the option. Restoration options have an exercise price equal to the fair market value of our common stock on the date of grant of the restoration option. The Committee has determined not to grant restoration options in connection with stock options granted after April 1, 2005, and the Company proposes to amend the Plan to reflect the Committee’s determination.
The exercise term for options granted is established by the Committee at the date of grant. The Committee has determined to
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