Stock Option Grant Schedule for Mr. Ortino (2001 and 2002)

Contract Categories: Business Finance › Warrant Agreements
Summary

This document outlines the grant of stock options to Mr. Ortino by the company's Board on February 11, 2002, and February 9, 2001. Mr. Ortino received options to purchase 155,000 shares in 2002 and 122,000 shares in 2001, with portions granted under the company's Stock Option Plan and the remainder from treasury shares. The options have exercise prices of $25.50 (2002) and $23.60 (2001), vest over four years, and expire after ten years.

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EX-10.E 3 l99109aexv10we.txt EXHIBIT 10.E EXHIBIT 10(e) SCHEDULE I On February 11, 2002 and February 9, 2001, respectively, the Board granted Mr. Ortino 155,000 and 122,000 options to purchase shares. Of this amount, options for 100,000 shares each year were granted under the Company's Stock Option Plan approved by shareholders and the remaining options were granted and approved by the Board from available treasury shares. The options granted in 2002 have an exercise price of $25.50 and the options granted in 2001 have an exercise price of $23.60. Both grants have a maximum term of 10 years and vest evenly over four years on the anniversary of the grant date. 49