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[Non-Employee Director]
THE MARCUS CORPORATION
2004 EQUITY INCENTIVE PLAN
STOCK OPTION AWARD
[Name]
[Address]
[Telephone]: (___)___-____
Dear ___________________:
You have
been granted an option (this “Option”) to purchase
shares of common stock of The Marcus Corporation (the
“Company”) under The Marcus Corporation 2004 Equity
Incentive Plan (the “Plan”) with the following terms
and conditions:
| Grant Date: |
___________, 200__ |
| Type of Option: |
Nonqualified |
| Number of Option Shares: |
____________________ |
| Exercise Price Per Share: |
$_______________ |
| Termination Date: |
This Option will terminate upon the close of business at the
Company headquarters on the earlier of: |
| |
• |
The tenth (10th) anniversary of the Grant Date, or |
| |
• |
One hundred and eighty (180) days after you cease serving on
the Board of Directors for any reason. |
| Manner of Exercise: |
You may exercise this Option in whole or part at any time until
the Termination Date. During your lifetime, only you (or your legal
representative in the event of your disability) may exercise this
Option. If someone else wants to exercise this Option after your
death, that person must contact the Secretary of the Company and
prove to the Company’s satisfaction that he or she is
entitled to do so. |
| |
To exercise this Option, you must provide notice to the
Secretary of the Company on such form as the Secretary prescribes.
Your notice must be accompanied by payment of the exercise price:
(1) in cash; (2) by check of money order made payable to
the Company; (3) by delivering previously owned Shares, duly
endorsed in blank or accompanied by stock powers duly endorsed in
blank (which will be valued at their Fair Market value on the date
of exercise); (4) by delivering Shares (which will be valued
at their Fair Mark |
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