Nonqualified Stock Option Agreements under 1997 Stock Incentive Plan between TravelCenters of America, Inc. and Executives

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

TravelCenters of America, Inc. entered into Nonqualified Stock Option Agreements with several executives, granting them options to purchase company stock as part of the 1997 Stock Incentive Plan. Each agreement specifies the number of options granted to the individual executive, with all other terms being substantially identical. These agreements are designed to incentivize and reward key employees by allowing them to acquire company shares at a set price.

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EX-10.8 10 ex10-8.txt EXHIBIT 10.8 1 EXHIBIT 10.8 SCHEDULE OF OMITTED 1997 STOCK INCENTIVE PLAN - NONQUALIFIED STOCK OPTION AGREEMENTS The following documents have been omitted as Exhibits to the Registration Statement because they are on substantially identical terms as Exhibit 10.7 in all material respects other than with respect to the number of options granted to the executives under the agreement.
Options Agreement Granted ---------------------------------------------------------------------------- ------------------- 1. Nonqualified Stock Option Agreement, dated as of January 1, 2000, between TravelCenters of America, Inc., a Delaware corporation, and Edwin P. Kuhn 36,000 2. Nonqualified Stock Option Agreement, dated as of January 1, 2000, between TravelCenters of America, Inc., a Delaware corporation, and James W. George 18,000 3. Nonqualified Stock Option Agreement, dated as of January 1, 2000, between TravelCenters of America, Inc., a Delaware corporation, and Michael H. Hinderliter 18,000 4. Nonqualified Stock Option Agreement, dated as of January 1, 2000, between TravelCenters of America, Inc., a Delaware corporation, and Timothy L. Doane 18,000 5. Nonqualified Stock Option Agreement, dated as of January 1, 2000, between TravelCenters of America, Inc., a Delaware corporation, and Steven C. Lee 5,000