Harris & Harris Group Inc. Non-Qualified Stock Option Grant and Vesting Schedule (March 18, 2010)
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Summary
Harris & Harris Group Inc. granted non-qualified stock options (NQSOs) to several employees on March 18, 2010. The options vest in three stages: 25% after one year, 50% after two years, and the remaining 25% after three years, with all options expiring on March 18, 2015. The agreement lists the number of options granted to each employee and outlines the vesting and expiration dates. This document sets the terms for when employees can exercise their options and the total number of options available to each individual.
EX-10.1 2 v177928_ex10-1.htm Unassociated Document
HARRIS & HARRIS GROUP INC.
OPTION GRANTING, VESTING AND EXPIRATIONS
GRANT DATE FOR ALL OPTIONS: March 18, 2010
Expiration Date of Options | 2011 | 2012 | 2013 | Total | |
JAMISON | |||||
NQSO 5 Years | |||||
25% vest 3/18/2011 | 3/18/2015 | 6,375 | |||
50% vest 3/18/2012 | 3/18/2015 | 12,750 | |||
25% vest 3/18/2013 | 3/18/2015 | 6,375 | |||
25,500 | |||||
JANSE | |||||
NQSO 5 Years | |||||
25% vest 3/18/2011 | 3/18/2015 | 6,375 | |||
50% vest 3/18/2012 | 3/18/2015 | 12,750 | |||
25% vest 3/18/2013 | 3/18/2015 | 6,375 | |||
25,500 | |||||
ANDREEV | |||||
NQSO 5 Years | |||||
25% vest 3/18/2011 | 3/18/2015 | 6,375 | |||
50% vest 3/18/2012 | 3/18/2015 | 12,750 | |||
25% vest 3/18/2013 | 3/18/2015 | 6,375 | |||
25,500 | |||||
WOLFE | |||||
NQSO 5 Years | |||||
25% vest 3/18/2011 | 3/18/2015 | 6,375 | |||
50% vest 3/18/2012 | 3/18/2015 | 12,750 | |||
25% vest 3/18/2013 | 3/18/2015 | 6,375 | |||
25,500 | |||||
USHIO | |||||
NQSO 5 Years | |||||
25% vest 3/18/2011 | 3/18/2015 | 3,750 | |||
50% vest 3/18/2012 | 3/18/2015 | 7,500 | |||
25% vest 3/18/2013 | 3/18/2015 | 3,750 | |||
15,000 | |||||
FORMAN | |||||
NQSO 5 Years | |||||
25% vest 3/18/2011 | 3/18/2015 | 3,750 | |||
50% vest 3/18/2012 | 3/18/2015 | 7,500 | |||
25% vest 3/18/2013 | 3/18/2015 | 3,750 | |||
15,000 | |||||
EGAN | |||||
NQSO 5 Years | |||||
25% vest 3/18/2011 | 3/18/2015 | 1,500 | |||
50% vest 3/18/2012 | 3/18/2015 | 3,000 | |||
25% vest 3/18/2013 | 3/18/2015 | 1,500 | |||
6,000 | |||||
ALL OTHER EMPLOYEES | |||||
NQSO 5 Years | |||||
25% vest 3/18/2011 | 3/18/2015 | 3,000 | |||
50% vest 3/18/2012 | 3/18/2015 | 6,000 | |||
25% vest 3/18/2013 | 3/18/2015 | 3,000 | |||
12,000 | |||||
NQSO 5 Years | 37,500 | 75,000 | 37,500 | 150,000 | |
Total | 37,500 | 75,000 | 37,500 | 150,000 |