50 of the Top 250 law firms use our Products every day
ADC TELECOMMUNICATIONS, INC.
NONQUALIFIED STOCK OPTION AGREEMENT
|
|
|
|
|
|
|
Option
Number:
|
|
|
|
Plan:
GSIP/1991
|
This
Nonqualified Stock Option Agreement (the “Agreement”)
is entered into effective by and between ADC Telecommunications,
Inc., a Minnesota corporation, (the “Company”), and the
above-identified Optionee pursuant to the Company’s Global
Stock Incentive Plan (the “Plan”).
Effective the
date written above, the Optionee has been granted an option (the
“Option”) to purchase all or any part of an aggregate
of shares of common stock, par value US$.20 per share, of the
Company (the “Common Stock”) at the price of
US$ per share subject to the terms and conditions set
forth herein, the Plan and Exhibits A and B to this Agreement. This
Option is not intended to be an incentive stock option within the
meaning of Section 422 of the Internal Revenue Code of 1986,
as amended (the “Code”).
The total
aggregate purchase price for all of the shares purchasable under
this Option is US$.
Subject to the
terms and conditions of this Agreement, Exhibits A and B to this
Agreement and the Plan, this Option shall in all events terminate
seven (7) years after the date of grant (the “Expiration
Date”). The shares subject to this Option shall vest and may
be exercised in whole or in part by the Optionee according to the
following vesting schedule:
|
|
|
|
|
|
|
|
|
Number of Option
|
|
|
|
Vesting Date
|
|
Shares Vesting
|
|
Expiration Date
|
|
|
|
|
|
|
Subject to the
provisions of the Plan and Exhibits A and B, the Optionee must be
actively employed by the Company or any of its Affiliates on each
Vesting Date for vesting to occur. Termination of employment after
a Vesting Date may accele
|
