Amendment to Stock Option Agreement under 2007 Equity and Performance Incentive Plan (Big 5 Sporting Goods Corporation)

Contract Categories: Business Finance › Stock Agreements
Summary

Big 5 Sporting Goods Corporation and an employee (the grantee) amend a previous stock option agreement. The amendment states that if there is a change of control of the company, all unvested stock options covered by the agreement will immediately become fully vested and exercisable. All other terms of the original agreement remain unchanged.

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EX-10.2 3 v42596exv10w2.htm EXHIBIT 10.2 exv10w2
 
Exhibit 10.2
 
BIG 5 SPORTING GOODS CORPORATION
AMENDMENT TO STOCK OPTION AGREEMENT
(2007 Equity and Performance Incentive Plan)
 
Big 5 Sporting Goods Corporation (the “Company”), pursuant to the provisions of Section 4.2(b) of the Company’s 2007 Equity and Performance Incentive Plan (the “Plan”), hereby amends that Stock Option Agreement (the “Agreement”) made and entered into as of [date] by and between the Company and [name of grantee] (the “Grantee”) as follows:
 
  1.  The following paragraph is added to the Grant Notice (the “Grant Notice”) attached to the Agreement:
 
Acceleration of Vesting Upon a Change of Control:  Upon a Change of Control (as defined in the Grantee’s Employment Agreement; or, if such agreement has no such definition, then as defined in the Plan), this Option shall fully vest and become exercisable with respect to 100% of the Shares subject to this Option.
 
  2.  Except as specifically modified above, the terms of the Agreement remain unchanged and in full force and effect.
 
BIG 5 SPORTING GOODS CORPORATION
 
By: 
 
Signature
 
Title: 
 
 
Date: