Saks Incorporated Stock Option Grant Document for Employee
This document is a stock option grant from Saks Incorporated to an employee, specifying the number of company shares the employee may purchase, the exercise price, and the grant date. The grant is governed by the company's 2009 Long Term Incentive Plan, a Stock Option Agreement, and this grant letter. The employee can exercise the option according to the vesting schedule and conditions outlined in the plan and agreement. The document is signed by the company's Executive Vice President of Human Resources.
Exhibit 10.2
SAKS INCORPORATED
Stock Option Grant Document
«Name»
Name of Optionee
«Grant_Date»
Date of Grant
$«FMV_on_Grant_Date»
Stock Option Exercise Price
«Number_of_Shares»
Number of Shares Subject to the Stock Option
Dear Optionee:
This letter constitutes a “Grant Document” referred to in that certain Stock Option Agreement dated [date of Agreement](the “Agreement”) between Saks Incorporated (the “Company”) and you. I am pleased to inform you that the Company has awarded to you a Stock Option (the “Option”) for the number of shares of the Company’s Common Stock, indicated above. The Option was awarded to you pursuant and subject to the terms and conditions (1) of the Company’s 2009 Long Term Incentive Plan (the “Plan”), (2) the Agreement, and (3) this Grant Document.
[You may exercise the Option at the time(s) and upon the conditions set forth in the Plan and the Agreement]
or
[You may exercise the Option as follows:
Insert vesting schedule if different than Agreement]
| Saks Incorporated | ||
| By: | /S/ CHRISTINE A. MORENA | |
| Christine A. Morena Executive Vice President Corporate—Human Resources | ||
