3M Company Non-Qualified Stock Option Award Agreement under 2002 Management Stock Ownership Program
This agreement is between 3M Company and an employee, granting the employee a non-qualified stock option to purchase a specified number of 3M shares at a set price per share. The options vest according to a schedule and must be exercised before the expiration date. The agreement outlines the terms for vesting, exercise, and expiration of the stock options as part of 3M’s 2002 Management Stock Ownership Program.
EXHIBIT 10.4
FORM OF AWARD AGREEMENT FOR NON-QUALIFIED STOCK OPTIONS
GRANTED UNDER THE 2002 MANAGEMENT STOCK OWNERSHIP PROGRAM
| Time: |
| 3M Company |
| Notice of Grant of Stock Options |
| ID: 41-0417775 |
| 3M CENTER | ||
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| ST. PAUL, MN 55144-1000 |
| [Name] |
| Option Number: |
| c/o [Name] |
| Plan: |
| 3M Center |
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| 224-2W-15 |
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| St. Paul, MN US 55144-1000 |
| ID: |
Effective [date], you have been granted a(n) Non-Qualified Stock Option to buy [number] shares of 3M Company (the Company) stock at $[price] per share.
The total option price of the shares granted is $[number].
Shares in each period will become fully vested on the date shown.
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| Shares |
| Vest Type |
| Full Vest |
| Expiration |
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| [number] |
| On Vest Date |
| [date] |
| [date] |
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