Back to top

RADIOSHACK CORPORATION 2009 INCENTIVE STOCK PLAN

Equity Incentive Plan Agreement

RADIOSHACK CORPORATION 2009 INCENTIVE STOCK PLAN | Document Parties: RadioShack Corporation You are currently viewing:
This Equity Incentive Plan Agreement involves

RadioShack Corporation

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: RADIOSHACK CORPORATION 2009 INCENTIVE STOCK PLAN
Governing Law: Texas     Date: 7/27/2009
Industry: Retail (Technology)     Sector: Services

RADIOSHACK CORPORATION 2009 INCENTIVE STOCK PLAN, Parties: radioshack corporation
50 of the Top 250 law firms use our Products every day

                                                                                             

                       

                                                                                                     

                                                                                                                 

 

 

  Exhibit 10.3

 

 

 

  Grant Date: ______________

 

  Purchase Price $____ per Share

 

 

RADIOSHACK CORPORATION 2009 INCENTIVE STOCK PLAN

 

STOCK OPTION AGREEMENT

 

 

THIS AGREEMENT (this “Agreement”) is effective as of the date set forth above (the “Grant Date”), between RadioShack Corporation, a Delaware corporation (the “Company”), and the person (the “Optionee”) named in the notice of grant of stock options (the “Notice”) attached hereto, the provisions of which are incorporated herein by reference.  Capitalized terms used in this Agreement but not defined herein shall have the meanings assigned to them in the RadioShack Corporation 2009 Incentive Stock Plan (the “Plan”).

 

WHEREAS, on February 19, 2009, the Board of Directors of the Company approved the Plan to provide an additional incentive to certain officers, key employees, directors, consultants and other advisors of the Company and its Subsidiaries, and then directed that the Plan be submitted to the stockholders of the Company for approval;

 

WHEREAS, on May 21, 2009 the stockholders of the Company approved the adoption of the Plan; and

 

WHEREAS, the Committee responsible for administration of the Plan has determined that it is in the best interests of the Company and its stockholders to grant an Option to the Optionee as provided herein;

 

NOW, THEREFORE, the Company and the Optionee agree as follows:

 

1.            Grant of Option .

 

1.1 The Company hereby grants to the Optionee the Option set forth on the Notice, subject to, and in accordance with, the terms and conditions set forth in this Agreement.

 

1.2 The portion of the Option, if any, identified in the Notice as an Incentive Stock Option is intended to qualify as an Incentive Stock Option within the meaning of Section 422 of the Code and shall be so construed; provided that nothing in this Agreement shall be interpreted as a representation, guarantee or other undertaking on the part of the Company that any portion of the Option is or will be determined to be an Incentive Stock Option within the meaning of Section 422 of the Code.

 

1.3 This Agreement shall be construed in accordance and consistent with, and subject to the provisions of, the Plan, the provisions of which are incorporated herein by reference.  In the event of a conflict between this Agreement and the Plan, the Plan shall control.

 

 

1


 

 

2.            Purchase Price .

 

The price at which the Optionee shall be entitled to purchase Shares upon the exercise of the Option shall be the purchase price set forth at the top of this Agreement (the “Purchase Price”).

 

3.            Exercise Term .

 

The Option shall be exercisable to the extent and in the manner provided in Section 4 for a period of seven years from the Grant Date (the “Exercise Term”); provided that the Option may expire earlier as provided in Section 6.

 

4.            Exercisability of Option .

 

Unless otherwise provided in this Agreement or the Plan, the Option shall entitle the Optionee to purchase on and after the first anniversary of the Grant Date, in whole at any time or in part from time to time, one-third of the total number of Shares underlying the Option, and an additional one-third of the total number of Shares underlying the Option on and after each of the second and third anniversaries of the Grant Date, and each such right of purchase shall be cumulative and shall continue, unless sooner exercised or the Option expires as herein provided, during the remaining period of the Exercise Term.  Any fractional number of Shares resulting from the application of the fractions set forth in this Section 4 shall be rounded to the next higher or lower whole number of Shares, in the third (and second, if necessary) year, but such rounding shall not result in the Optionee having the right to purchase more than the total number of Shares underlying the Option.

 

5.            Manner of Exercise and Payment .

 

5.1           Subject to the terms and conditions of this Agreement and the Plan, the Option shall be exercised by delivery of notice (the “Exercise Notice”) in writing in person, or by facsimile or electronic means, or by certified mail, return receipt requested, and to such person, entity and location, as may be designated by or otherwise acceptable to the Secretary of the Company.  The Exercise Notice shall state that the Optionee is electing to exercise the Option and the number of Shares in respect of which the Option is being exercised.  The Exercise Notice shall be signed or authorized by the Optionee.  If requested by the Committee, the Optionee shall (i) deliver this Agreement to the Secretary of the Company, who shall endorse thereon a notation of such exercise, and (ii) provide satisfactory proof as to the right of the Optionee to exercise the Option.  As used in this Section 5, “delivery” means that the Exercise Notice and Purchase Price have been received by the Company or its specified designee in accordance with Section 5.2 prior to expiration of the Option as provided in Section 6.1.

 

5.2           The Exercise Notice shall be accompanied by the full Purchase Price for the Shares in respect of which the Option is being exercised, in cash, by certified check or in such other manner not inconsistent with the provisions of the Plan as may be designated by the Committee, or, in the discretion of the Committee, in whole or in part, by transferring Shares to the Company having a Fair Market Value on the most recent trading day preceding the date of exercise equal to the cash amount for which such Shares are substituted.

 

5.3           Upon timely receipt of the Exercise Notice and full payment of the Purchase Price for the Shares in respect of which the Option is being exercised, the Company shall,

 

 

2


 

 

subject to the terms of the Plan, take such action as may be necessary to effect the issuance to the Optionee of the number of Shares as to which such exercise was effective.

 

5.4           The Optionee shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, any Shares underlying the Option until (i) the Optionee exercises the Option pursuant


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more