United Technologies Corporation Nonemployee Director Nonqualified Stock Option Award Agreement
This agreement grants a nonqualified stock option to a nonemployee director of United Technologies Corporation. The recipient is given the right to purchase a specified number of company shares at a set price, subject to vesting and expiration dates. The award is nontransferable and governed by the terms of the United Technologies Corporation Nonemployee Director Stock Option Plan. The recipient must accept the award by signing and returning the agreement to the company.
Exhibit 10.4
![]() | NONEMPLOYEE DIRECTOR STOCK OPTION PLAN |
NONQUALIFIED STOCK OPTION AWARD
Date of Grant: | Vesting Date: | Exp. Date: |
Number of Options: | Option Price: |
«Name»
The award shown in this statement is nontransferable and is subject to the terms and conditions of the United Technologies Corporation Nonemployee Director Stock Option Plan.
I accept this Stock Option Award subject to the Terms and Conditions of the United Technologies Corporation Nonemployee Director Stock Option Plan.
Signed: | Date: |
Please sign and date, retain the cream copy for your files and return the blue copy to Program Administrator, UTC, MS#504, Hartford, CT 06101.