New Hire Stock Option Grant Authorization for Non-Executive Employees (2004)
This document outlines the grant of stock options to four non-executive employees by the company in the fourth quarter of 2004. Three employees received a total of 15,000 options at a base price of $16.03, and one employee received 10,000 options at $16.12. The options vested on December 31, 2004, with the right to sell the shares becoming available in three equal parts over the three years following the grant date.
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Exhibit 10.24
New Hire Option Grant—Updated Appendix
In the fourth quarter 2004, the Company granted three non-executive officer employees a total of 15,000 options with a base price of $16.03 and one non-executive officer 10,000 options with a base price of $16.12. All such options were granted pursuant to the Company's New Hire Option Grant Authorization and vested on December 31, 2004 with the right to sell the underlying shares accruing in three equal installments on each of the first three anniversaries of the date of grant.
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