Navistar International Corporation Restoration Stock Option Award Agreement under 2004 Performance Incentive Plan
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Summary
This agreement is between Navistar International Corporation and an individual employee (the Optionee). It grants the Optionee the right to purchase a specified number of shares of Navistar's common stock at a set price, under the company's 2004 Performance Incentive Plan. The agreement outlines when the options become exercisable, the expiration date, and other key terms. The Optionee must exercise the options before the expiration date, subject to additional terms in an attached supplement. Both parties agree to the terms by signing the agreement.
EX-10.49 11 ex10-49.htm EX 10.49 ex 10.49
EXHIBIT 10.49
NAVISTAR INTERNATIONAL CORPORATION
RESTORATION STOCK OPTION AWARD AGREEMENT
NAVISTAR INTERNATIONAL CORPORATION
2004 PERFORMANCE INCENTIVE PLAN
OPTIONEE:
ADDRESS:
SOCIAL SECURITY NUMBER:
ORIGINAL OPTION
GRANT DATE:
SHARES EXERCISED:
SHARES RESTRICTED:
RESTRICTION ENDS:
RESTORATION OPTION
EXERCISE PRICE PER SHARE:
DATE OF GRANT:
NUMBER OF OPTIONS:
EXERCISABLE ON: [six months or if sooner one month before expiration of original term]
EXPIRATION DATE: [ term of original option]
This is an award agreement (the "Award Agreement") between Navistar International Corporation, a Delaware corporation (the "Corporation"), and the individual named above (the "Optionee"). The Corporation hereby grants to the Optionee the right and option (this "Option") to purchase all or any part of an aggregate of the above-stated number of shares of Common Stock of the Corporation on the terms and conditions of the Corporation’s 2004 Performance Incentive Plan approved by the shareholders February 17, 2004, as amended from to time, (the "Plan") and, further subject to the Restoration Stock Option Agreement Supplement which is attached to hereto (the "Supplement").
Subject to the terms and conditions of this Award Agreement, this Option is exercisable on or after the date set forth above; provided, however, that this Option shall expire on the Expiration Date set forth above and must be exercised, if at all, on or before the Expiration Date except as otherwise provided in the Supplement.
The Corporation and the Optionee hereby agree to the terms and conditions of this Award Agreement and have executed it as of the Date of Grant set forth above.
NAVISTAR INTERNATIONAL CORPORATION
By:_______________________________
Daniel C. Ustian
Chairman, President and Chief
Executive Officer
Attest:
____________________________
Assistant Secretary
___________________________________
Optionee
E-79
