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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Phoenix
• 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 Phoenix, Arizona Nonqualified Stock Option Agreement of N(2)H(2), Inc. is a legal document that outlines the terms and conditions under which employees of N(2)H(2), Inc., a company based in Phoenix, Arizona, can purchase company stock through nonqualified stock options. A nonqualified stock option (NO) grants an employee the right to purchase a specific number of shares of N(2)H(2), Inc. stock at a predetermined price, known as the exercise price or strike price. These options are typically only available to employees and not to outside investors or consultants. The Phoenix, Arizona Nonqualified Stock Option Agreement of N(2)H(2), Inc. includes various important details and provisions to protect both the company and the employee. Some relevant keywords associated with this agreement are: 1. Nonqualified Stock Option: This agreement specifically deals with nonqualified stock options, allowing eligible employees to purchase company stock at a fixed price. 2. Exercise Price (or Strike Price): The predetermined price at which the employee can buy shares of the company's stock at a future date. This price is usually set at or above the stock's fair market value at the time of grant. 3. Vesting Schedule: The agreement will outline a vesting schedule, which specifies the period of time an employee must remain with the company before they can exercise their stock options. Vesting typically occurs incrementally over a set period, such as four years with a one-year cliff. 4. Termination Provisions: The agreement may specify what happens to nonvested or exercised stock options if the employee leaves the company voluntarily or is terminated. These provisions can vary depending on the circumstances of the departure. 5. Exercise Period: This refers to the window of time during which an employee can exercise their stock options. It may have a defined start and end date or be contingent on specific events, such as a change in control of the company. It's important to note that different types of Nonqualified Stock Option Agreements may exist based on the specific needs and circumstances of N(2)H(2), Inc. Some variations could include specific clauses related to early exercise options, incentive stock options (SOS), or a combination of SOS and Nests within the same contract. Furthermore, it is recommended to consult with legal professionals or the specific agreement provided by N(2)H(2), Inc. to understand the exact terms and variations of their Nonqualified Stock Option Agreement in Phoenix, Arizona.

Phoenix, Arizona Nonqualified Stock Option Agreement of N(2)H(2), Inc. is a legal document that outlines the terms and conditions under which employees of N(2)H(2), Inc., a company based in Phoenix, Arizona, can purchase company stock through nonqualified stock options. A nonqualified stock option (NO) grants an employee the right to purchase a specific number of shares of N(2)H(2), Inc. stock at a predetermined price, known as the exercise price or strike price. These options are typically only available to employees and not to outside investors or consultants. The Phoenix, Arizona Nonqualified Stock Option Agreement of N(2)H(2), Inc. includes various important details and provisions to protect both the company and the employee. Some relevant keywords associated with this agreement are: 1. Nonqualified Stock Option: This agreement specifically deals with nonqualified stock options, allowing eligible employees to purchase company stock at a fixed price. 2. Exercise Price (or Strike Price): The predetermined price at which the employee can buy shares of the company's stock at a future date. This price is usually set at or above the stock's fair market value at the time of grant. 3. Vesting Schedule: The agreement will outline a vesting schedule, which specifies the period of time an employee must remain with the company before they can exercise their stock options. Vesting typically occurs incrementally over a set period, such as four years with a one-year cliff. 4. Termination Provisions: The agreement may specify what happens to nonvested or exercised stock options if the employee leaves the company voluntarily or is terminated. These provisions can vary depending on the circumstances of the departure. 5. Exercise Period: This refers to the window of time during which an employee can exercise their stock options. It may have a defined start and end date or be contingent on specific events, such as a change in control of the company. It's important to note that different types of Nonqualified Stock Option Agreements may exist based on the specific needs and circumstances of N(2)H(2), Inc. Some variations could include specific clauses related to early exercise options, incentive stock options (SOS), or a combination of SOS and Nests within the same contract. Furthermore, it is recommended to consult with legal professionals or the specific agreement provided by N(2)H(2), Inc. to understand the exact terms and variations of their Nonqualified Stock Option Agreement in Phoenix, Arizona.