Retail Ventures Inc. Stock Option Grant Approval Letter to Employee

Contract Categories: Business Finance › Warrant Agreements
Summary

Retail Ventures Inc. is notifying an employee that the Compensation Committee has approved a stock option grant. The grant includes a specified number of stock options and possibly restricted stock, with options vesting over five years at 20% per year and a ten-year term. The employee must review the attached documents, sign the acceptance form, and return it to the company. By signing, the employee agrees to the plan's terms and the committee's decisions.

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EX-10.62 22 l13262aexv10w62.txt EXHIBIT 10.62 EXHIBIT 10.62 [RETAIL VENTURES INC LOGO] Date: To: From: Dick Belter, Compensation Director, Human Resources Subject: STOCK OPTION GRANT APPROVAL ================================================================================ Congratulations! This is to advise you that the Compensation Committee of the Board of Directors met and has awarded you the following: # OPTIONS STOCK OPTION GRANT: Shares RESTRICTED STOCK: Shares OPTION GRANT DATE: OPTION GRANT PRICE: $ (the ending price on) OPTION GRANT LIFE: 10 years OPTION GRANT VESTING PERIOD: 5 years @ 20% per year Attached are the following documents with which you should become familiar: 1. VCDS STOCK OPTION BROCHURE. 2. PROSPECTUS COVERING SECURITIES THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. 3. NOTICE OF EXERCISE OF STOCK OPTION. Please review these materials. If you have any questions, please call Dick Belter at ###-###-####. Once you have reviewed the documents, please sign the form below and return to: RETAIL VENTURES, INC. 4150 E. 5TH AVENUE COLUMBUS, OH 43219 ATTN.: DICK BELTER Optionee hereby accepts these options subject to all of the terms and conditions on the plan. Optionee also hereby agrees as binding, conclusive and final all decisions or interpretations of the Committee upon any questions arising under the plan. Optionee acknowledges receipt of a copy of the Plan, as in effect on the date of the Grant. ACKNOWLEDGED AND ACCEPTED __________________________________ __________________________________ (Print Name) (Signed)