American Greetings Corporation Employee Stock Option Agreement under 1997 Equity and Performance Incentive Plan
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Summary
This agreement is between American Greetings Corporation and an employee (the Optionee), granting the employee the right to purchase company shares at a set price under the 1997 Equity and Performance Incentive Plan. The options vest according to a schedule and can be exercised while the employee remains with the company, with accelerated vesting in certain cases like retirement or disability. The agreement outlines payment methods, termination conditions, and compliance with securities laws. The employee gains shareholder rights only after exercising the options and paying for the shares.
EX-10.(XLII) 10 dex10xlii.htm FORM OF EMPLOYEE STOCK OPTION AGREEMENT (REVISED) Form of Employee Stock Option Agreement (Revised)
Exhibit 10(xlii)
AMERICAN GREETINGS CORPORATION
STOCK OPTION AGREEMENT
1997 Equity and Performance Incentive Plan
Cleveland, Ohio