Nutraceutical International Corporation Acceleration of Unvested Stock Options Letter to Employee
Nutraceutical International Corporation notified the recipient that its Compensation Committee has accelerated the vesting of all unvested stock options previously granted to them under the company's 1998 stock option plan. This means that any outstanding stock options the recipient holds, which have not yet been exercised or canceled, are now fully vested and available for exercise. The letter is signed by the company's Chairman and CEO and invites the recipient to reach out with any questions.
Exhibit 10.2
ACCELERATION OF UNVESTED STOCK OPTIONS
[Nutraceutical Stationery]
September 30, 2005
[Insert Name and Address]
Re: Acceleration of Unvested Stock Options
Dear [insert first name]:
I am pleased to advise you that, on September 30, 2005, the Compensation Committee of Nutraceutical International Corporation’s Board of Directors accelerated the vesting for unvested stock options previously granted to you under Nutraceutical’s 1998 [insert applicable stock option plan name] (the “Plan”). Accordingly, any and all grants of stock options given to you under the Plan, which have not been previously exercised or canceled, are now vested.
Please call me if you have any questions.
Sincerely,
NUTRACEUTICAL INTERNATIONAL CORPORATION
Frank W. Gay II
Chairman and CEO
