Oregon Nonqualified Stock Option Agreement of N(2)H(2), Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-EG-9094
• Format: Word; Rich Text

Description

Nonqualified Stock Option Agreement of N(2)H(2), Inc. granted to Eric H. Posner dated September 30, 1999. 3 pages The Oregon Nonqualified Stock Option Agreement of N(2)H(2), Inc. is a legal document that outlines the terms and conditions under which nonqualified stock options are granted to employees or other individuals associated with N(2)H(2), Inc., a company based in Oregon. This agreement serves as a contract between N(2)H(2), Inc. and the option holder, specifying the rights and restrictions associated with these stock options. Nonqualified stock options are different from incentive stock options, as they are generally not subject to specific tax benefits or requirements. Key terms and sections typically found in the Oregon Nonqualified Stock Option Agreement include: 1. Parties to the Agreement: This section identifies N(2)H(2), Inc. as the company offering the stock options and the option holder who will receive them. 2. Grant of Stock Options: This section provides details on the number of shares offered, the exercise price (the price at which the option holder can buy the stock), and the date of grant. 3. Vesting Schedule: The agreement specifies the vesting schedule, which determines when the option holder can exercise their stock options. Vesting may occur in equal periodic installments over a certain period or based on achieving specific performance milestones. 4. Exercise Period: This section describes the duration within which the option holder can exercise their vested stock options. Typically, this period begins on the grant date and ends after a specific number of years, often referred to as the expiration date. 5. Exercise Procedures: Here, the agreement details the process through which the option holder can exercise their stock options, including the method of payment (e.g., cash, cashless exercise, or stock swap). 6. Termination: This section explains the circumstances under which the nonqualified stock options may be terminated, such as upon the option holder's departure from the company or the expiration of the exercise period. It is important to note that precise terms and conditions may differ between different versions or variations of the Oregon Nonqualified Stock Option Agreement drafted by N(2)H(2), Inc. For instance, the agreement may include additional provisions related to stock option acceleration, change of control, or transferability. It is essential to review the specific agreement provided by N(2)H(2), Inc. to attain a comprehensive understanding of the terms and rights associated with the nonqualified stock options.

The Oregon Nonqualified Stock Option Agreement of N(2)H(2), Inc. is a legal document that outlines the terms and conditions under which nonqualified stock options are granted to employees or other individuals associated with N(2)H(2), Inc., a company based in Oregon. This agreement serves as a contract between N(2)H(2), Inc. and the option holder, specifying the rights and restrictions associated with these stock options. Nonqualified stock options are different from incentive stock options, as they are generally not subject to specific tax benefits or requirements. Key terms and sections typically found in the Oregon Nonqualified Stock Option Agreement include: 1. Parties to the Agreement: This section identifies N(2)H(2), Inc. as the company offering the stock options and the option holder who will receive them. 2. Grant of Stock Options: This section provides details on the number of shares offered, the exercise price (the price at which the option holder can buy the stock), and the date of grant. 3. Vesting Schedule: The agreement specifies the vesting schedule, which determines when the option holder can exercise their stock options. Vesting may occur in equal periodic installments over a certain period or based on achieving specific performance milestones. 4. Exercise Period: This section describes the duration within which the option holder can exercise their vested stock options. Typically, this period begins on the grant date and ends after a specific number of years, often referred to as the expiration date. 5. Exercise Procedures: Here, the agreement details the process through which the option holder can exercise their stock options, including the method of payment (e.g., cash, cashless exercise, or stock swap). 6. Termination: This section explains the circumstances under which the nonqualified stock options may be terminated, such as upon the option holder's departure from the company or the expiration of the exercise period. It is important to note that precise terms and conditions may differ between different versions or variations of the Oregon Nonqualified Stock Option Agreement drafted by N(2)H(2), Inc. For instance, the agreement may include additional provisions related to stock option acceleration, change of control, or transferability. It is essential to review the specific agreement provided by N(2)H(2), Inc. to attain a comprehensive understanding of the terms and rights associated with the nonqualified stock options.