King Washington Nonqualified Stock Option Agreement of Orion Network Systems, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: King
• Control #: US-CC-18-364B
• Format: Word; Rich Text

Description

18-364B 18-364B . . . Stock Option Agreement under which corporation grants to optionee a Non-qualified Option to acquire 50,000 shares of stock immediately and an additional 50,000 shares upon successful completion of a Notes offering and the refinancing of the corporation's obligations under a Credit Agreement The King Washington Nonqualified Stock Option Agreement is a legal document that outlines the terms and conditions associated with the nonqualified stock options granted by Orion Network Systems, Inc. to its employees or other eligible parties. This agreement is crucial for understanding the rights and obligations pertaining to the stock options issued by the company. Orion Network Systems, Inc. may offer different types of King Washington Nonqualified Stock Option Agreements, each tailored to specific circumstances or individuals. These variations may include: 1. Employee Stock Option Agreement: This agreement is designed for employees of Orion Network Systems, Inc. It outlines the terms and conditions under which employees can exercise their nonqualified stock options. 2. Consultant Stock Option Agreement: This type of agreement is applicable to consultants or advisors working with Orion Network Systems, Inc. It establishes the terms and provisions related to the nonqualified stock options granted to consultants. 3. Director Stock Option Agreement: Directors of Orion Network Systems, Inc. may be offered nonqualified stock options, and this agreement clarifies the terms and conditions surrounding their stock options. The King Washington Nonqualified Stock Option Agreement typically includes essential information such as the grant date, exercise price, vesting schedule, expiration date, and any restrictions or limitations associated with exercising the stock options. It also outlines the tax implications and consequences, including potential withholding requirements. Furthermore, the agreement often specifies the circumstances under which the stock options may be terminated or forfeited, such as upon termination of employment, death, disability, or change of control. It may also include provisions for transferability or assignment of the stock options. Overall, the King Washington Nonqualified Stock Option Agreement of Orion Network Systems, Inc. serves as a comprehensive guide for individuals who have been granted nonqualified stock options, ensuring clarity and mutually agreed-upon terms regarding the stock option program.

The King Washington Nonqualified Stock Option Agreement is a legal document that outlines the terms and conditions associated with the nonqualified stock options granted by Orion Network Systems, Inc. to its employees or other eligible parties. This agreement is crucial for understanding the rights and obligations pertaining to the stock options issued by the company. Orion Network Systems, Inc. may offer different types of King Washington Nonqualified Stock Option Agreements, each tailored to specific circumstances or individuals. These variations may include: 1. Employee Stock Option Agreement: This agreement is designed for employees of Orion Network Systems, Inc. It outlines the terms and conditions under which employees can exercise their nonqualified stock options. 2. Consultant Stock Option Agreement: This type of agreement is applicable to consultants or advisors working with Orion Network Systems, Inc. It establishes the terms and provisions related to the nonqualified stock options granted to consultants. 3. Director Stock Option Agreement: Directors of Orion Network Systems, Inc. may be offered nonqualified stock options, and this agreement clarifies the terms and conditions surrounding their stock options. The King Washington Nonqualified Stock Option Agreement typically includes essential information such as the grant date, exercise price, vesting schedule, expiration date, and any restrictions or limitations associated with exercising the stock options. It also outlines the tax implications and consequences, including potential withholding requirements. Furthermore, the agreement often specifies the circumstances under which the stock options may be terminated or forfeited, such as upon termination of employment, death, disability, or change of control. It may also include provisions for transferability or assignment of the stock options. Overall, the King Washington Nonqualified Stock Option Agreement of Orion Network Systems, Inc. serves as a comprehensive guide for individuals who have been granted nonqualified stock options, ensuring clarity and mutually agreed-upon terms regarding the stock option program.