Harris & Harris Group Inc. Non-Qualified Stock Option Grant and Vesting Schedule (March 18, 2010)

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