LIN TV Corp Non-Employee Director Stock Option Grant Agreement

Contract Categories: Business Finance › Warrant Agreements
Summary

This agreement is between LIN TV Corp and a non-employee director, granting the director the right to purchase company stock at a specified price under the 2002 LIN TV Corp. Non-Employee Director Stock Plan. The agreement outlines the number of shares, vesting schedule, and expiration dates for the stock options. Both parties must sign to confirm acceptance of the terms. The options are subject to the plan's rules and conditions.

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EX-10.23 7 d44073exv10w23.htm FORM OF NON-EMPLOYEE DIRECTOR GRANT OPTION AGREEMENT exv10w23  

Exhibit 10.23
     
 
 
  LIN TV Corp
Notice of Grant of Stock Options
and Option Agreement
  ID: 05-0501252
Four Richmond Square
Providence RI 02906
 
    
 
             
Name
  Option Number:        
 
           
Address
  Plan:   02DP    
 
  ID:        
 
           
 
            
 
Effective                     , you have been granted a(n) Non-Qualified Stock Option to buy                       shares of LIN TV Corp (the Company) stock at $x.xxxx per share.
The total option price of the shares granted is $xx,xxx.xx.
Shares in each period will become fully vested on the date shown.
             
Shares   Vest Type   Full Vest   Expiration
xx,xxx
  On Vest Date   mm/dd/yyyy   mm/ddyyyy
xx,xxx
  On Vest Date   mm/dd/yyyy   mm/ddyyyy
xx,xxx
  On Vest Date   mm/dd/yyyy   mm/ddyyyy
xx,xxx
  On Vest Date   mm/dd/yyyy   mm/dd/yyyy
 
By your signature and the Company’s signature below, you and the Company agree that these options are granted under and governed by the terms and conditions of the 2002 LIN TV Corp. Non-Employee Director Stock Plan as amended and this Option Agreement.
 
     
 
    
     
LIN TV Corp
  Date
 
    
     
Name
  Date
         
 
  Date:   1/4/2007
 
  Time:   11:03:36AM