Stock Options Amendment Agreement between TurboChef Technologies, Inc. and Executive Officers
TurboChef Technologies, Inc. entered into a Stock Options Amendment Agreement with several of its executive officers, including J. Miguel Fernandez, Paul P. Lehr, and Stephen J. Beshara. The agreement amends the exercise prices and terms of previously granted stock options for these officers, specifying new exercise prices and the number of options affected. The purpose is to update the terms of the stock options as reflected in the company's annual report for the year ended December 31, 2007.
Schedule to Exhibit 10.24
Stock Options Amendment Agreement
The following executive officers named in this Annual Report on Form 10-K for the year ended December 31, 2007 were parties to a Stock Options Amendment Agreement with TurboChef Technologies, Inc., the form of which was filed with the SEC and is listed as Exhibit 10.24 to this Report:
Officer | Date of Grant | Amended Exercise Price | # of Options |
J. Miguel Fernandez | 4/19/04 | $14.58 | 33,333 |
de Castro | 5/3/05 | $11.95 | 15,000 |
Paul P. Lehr | 5/25/04 | $14.58 | 4,666 |
Stephen J. Beshara | 11/21/03 | $12.99 | 46,667 |
| 5/3/05 | $11.95 | 40,000 |