Employee Stock Option Grants

Contract Categories: Business Finance - Stock Agreements
EX-10.1 2 a12-3832_1ex10d1.htm EX-10.1

EXHIBIT 10.1

 

Employee Stock Option Grants

 

On January 26, 2012, the Compensation Committee of  the Pernix Group, Inc. Board of Directors approved, the employee stock option grants in the amount and upon the terms and conditions set forth below.

 

General Terms of Grant:

 

·      Form of grant: Stock option awards for executive officers and key executives.

 

·      Term and vesting of stock options: The stock option grants vest equally over a 5 year period and have a 10 year term.

 

·      Grant date: January 26, 2012.

 

·      Exercise Price for Stock Options: To be determined based on fair market value.

 

·      Number of stock options and performance shares:

 

 

 

 

 

Stock Options

 

Nidal Z. Zayed, President and CEO

 

 

60,000

 

 

 

 

 

 

 

Gregg D. Pollack, Vice President - Administration and Chief Financial Officer

 

 

35,000

 

 

 

 

 

 

 

Jim Rice, Vice President — Construction

 

 

35,000

 

 

 

 

 

 

 

Scott Finch, Vice President — Finance and Corporate Strategy

 

 

22,500

 

 

 

 

 

 

 

Carol J. Groeber - Corporate Controller and Principal Accounting Officer

 

 

22,500