09 Okt Stock Option Contract Agreement
2.15. Consideration to the Company. Given the granting of options by the company, Optionee is committed to providing loyal and efficient services to the company or a subsidiary. Nothing in the Plan or this Agreement grants Opionee the right to remain in the service of the Company or any subsidiary, or to infringe or otherwise restrict the rights of the Company and its subsidiaries expressly reserved, to dismiss the optionaire if the option is an employee, or (b) to continue to provide services to the Company or a subsidiary or, in any way, to disrupt or restrict the rights of the Company or its subsidiaries, which are expressly reserved herein, to terminate Optionee`s services at any time, if the option is a consultant, with or without cause, unless expressly stated otherwise in a written agreement between the entity and the entity. Individual share option contract. It is the personalized contract that is executed by the company and a particular option taker. This document defines the number of options that the employee is entitled to exercise, the types of options available, the exercise plan and other staff-specific issuance conditions. 5.1 As paid. At the time of exercise, you must provide Merrill Lynch with consideration equal to the proceeds of the exercise price and the number of option shares acquired. The change of status from an employee to a consultant, agent, consultant or independent contractor is also considered a termination of the employment relationship. ABC shares are trading at 60 $US, and a Call Writer wants to sell calls for 65 $US with a one-month maturity. If the share price remains below $65 and the options run out, the Call Writer keeps the shares and can collect another premium by rewriting calls. This stock option agreement will be used as part of an investment plan (or action plan).
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