Award of Option. The Corporation hereby awards to the Optionee an option (the “Option”) to purchase from the Corporation such number of shares of the Corporation’s common stock (the “Shares”) at the exercise price set forth in this Option Agreement (the “Exercise Price”) below. This option shall vest equally over a three-year period. If the foregoing results in a fractional number of Shares subject to the Option vesting on any vesting date, the number of Shares subject to the Option vesting on the first and second vesting dates shall be rounded down to the previous whole number of Shares and the Shares subject to the Option vesting on the third vesting date shall be rounded up to the next whole number of Shares, as shall be necessary in order to result in a vesting of 100% of the Shares subject to the Option. The Compensation Committee of the Corporation may, in its sole discretion, convert this Option at any time to a stock settled stock appreciation grant. February 15, 2007 33.33% 91,666 91,666 February 15, 2008 33.33% 91,667 183,333 February 15, 2009 33.34% 91,667 275,000 This option shall expire, and no shares may be purchased pursuant to this Option, after the expiration date set forth above (the “Expiration Date”). Non-Qualified Stock Option Agreement February 15, 2006 Page 2.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Quest Diagnostics Inc)
Award of Option. The Corporation hereby awards to the Optionee an option (the “Option”) to purchase from the Corporation such number of shares of the Corporation’s common stock (the “Shares”) at the exercise price set forth in this Option Agreement (the “Exercise Price”) below. This option shall vest equally over a three-year period. If the foregoing results in a fractional number of Shares subject to the Option vesting on any vesting date, the number of Shares subject to the Option vesting on the first and second vesting dates shall be rounded down to the previous whole number of Shares and the Shares subject to the Option vesting on the third vesting date shall be rounded up to the next whole number of Shares, as shall be necessary in order to result in a vesting of 100% of the Shares subject to the Option. The Compensation Committee of the Corporation may, in its sole discretion, convert this Option at any time to a stock settled stock appreciation grant. Number of Shares Subject to Option: 63,334 Exercise Price per Share: $52.235 Expiration Date: February 15, 2013 February 15, 2007 33.33% 91,666 91,666 21,111 21,111 February 15, 2008 33.33% 91,667 183,333 21,111 42,222 February 15, 2009 33.34% 91,667 275,000 21,112 63,334 This option shall expire, and no shares may be purchased pursuant to this Option, after the expiration date set forth above (the “Expiration Date”). Non-Qualified Stock Option Agreement February 15, 2006 Page 2.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Quest Diagnostics Inc)
Award of Option. The Corporation hereby awards to the Optionee an option (the “Option”) to purchase from the Corporation such number of shares of the Corporation’s common stock (the “Shares”) at the exercise price set forth in this Option Agreement (the “Exercise Price”) below. This option shall vest equally over a three-year period. If the foregoing results in a fractional number of Shares subject to the Option vesting on any vesting date, the number of Shares subject to the Option vesting on the first and second vesting dates shall be rounded down to the previous whole number of Shares and the Shares subject to the Option vesting on the third vesting date shall be rounded up to the next whole number of Shares, as shall be necessary in order to result in a vesting of 100% of the Shares subject to the Option. The Compensation Committee of the Corporation may, in its sole discretion, convert this Option at any time to a stock settled stock appreciation grant. Exercise Price per Share: $52.245 Expiration Date: February 1512, 2014 February 12, 2008 33.33 % 93,333 93,333 February 12, 2009 33.33 % 93,333 186,666 February 12, 2010 33.34 % 93,334 280,000 Page 1 of 6 EOAgmt Non-Qualified Stock Option Agreement February 12, 2007 33.33% 91,666 91,666 February 15, 2008 33.33% 91,667 183,333 February 15, 2009 33.34% 91,667 275,000 Page 2. This option shall expire, and no shares may be purchased pursuant to this Option, after the expiration date set forth above (the “Expiration Date”). Non-Qualified Stock Option Agreement February 15, 2006 Page 2.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Quest Diagnostics Inc)
Award of Option. The Corporation hereby awards to the Optionee an option (the “Option”) to purchase from the Corporation such number of shares of the Corporation’s common stock (the “Shares”) at the exercise price set forth in this Option Agreement (the “Exercise Price”) below. This option shall vest equally over a three-year period. If the foregoing results in a fractional number of Shares subject to the Option vesting on any vesting date, the number of Shares subject to the Option vesting on the first and second vesting dates shall be rounded down to the previous whole number of Shares and the Shares subject to the Option vesting on the third vesting date shall be rounded up to the next whole number of Shares, as shall be necessary in order to result in a vesting of 100% of the Shares subject to the Option. The Compensation Committee of the Corporation may, in its sole discretion, convert this Option at any time to a stock settled stock appreciation grant. Number of Shares Subject to Option:280,000 Exercise Price per Share: $52.245 Expiration Date: February 1512, 2007 33.332014 Vesting Dates % 91,666 91,666 of Grant Incremental Cumulative February 1512, 2008 33.33% 91,667 183,333 93,333 93,333 February 1512, 2009 33.33% 93,333 186,666 February 12, 20010 33.34% 91,667 275,000 93,334 280,000 This option shall expire, and no shares may be purchased pursuant to this Option, after the expiration date set forth above (the “Expiration Date”). Non-Qualified Stock Option Agreement February 1512, 2006 2007 Page 2.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Quest Diagnostics Inc)
Award of Option. The Corporation hereby awards to the Optionee an option (the “Option”) to purchase from the Corporation such number of shares of the Corporation’s common stock (the “Shares”) at the exercise price set forth in this Option Agreement (the “Exercise Price”) below. This option shall vest equally over a three-year period. If the foregoing results in a fractional number of Shares subject to the Option vesting on any vesting date, the number of Shares subject to the Option vesting on the first and second vesting dates shall be rounded down to the previous whole number of Shares and the Shares subject to the Option vesting on the third vesting date shall be rounded up to the next whole number of Shares, as shall be necessary in order to result in a vesting of 100% of the Shares subject to the Option. The Compensation Committee of the Corporation may, in its sole discretion, convert this Option at any time to a stock settled stock appreciation grant. .] Number of Shares Subject to Option: 46,667 Exercise Price per Share: $52.235 Expiration Date: February 15, 2013 February 15, 2007 33.3333.33 % 91,666 91,666 15,555 15,555 February 15, 2008 33.3333.33 % 91,667 183,333 15,556 31,111 February 15, 2009 33.3433.34 % 91,667 275,000 15,556 46,667 This option shall expire, and no shares may be purchased pursuant to this Option, after the expiration date set forth above (the “Expiration Date”). Non-Qualified Stock Option Agreement February 15XXXXXX, 2006 XX, XXXX Page 2.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Quest Diagnostics Inc)
Award of Option. The Corporation hereby awards to the Optionee an option (the “Option”) to purchase from the Corporation such number of shares of the Corporation’s common stock (the “Shares”) at the exercise price set forth in this Option Agreement (the “Exercise Price”) below. This option shall vest equally over a three-year period. If the foregoing results in a fractional number of Shares subject to the Option vesting on any vesting date, the number of Shares subject to the Option vesting on the first and second vesting dates shall be rounded down to the previous whole number of Shares and the Shares subject to the Option vesting on the third vesting date shall be rounded up to the next whole number of Shares, as shall be necessary in order to result in a vesting of 100% of the Shares subject to the Option. The Compensation Committee of the Corporation may, in its sole discretion, convert this Option at any time to a stock settled stock appreciation grant. Number of Shares Subject to Option: 50,000 Exercise Price per Share: $52.235 Expiration Date: February 15, 2013 February 15, 2007 33.3333.33 % 91,666 91,666 16,666 16,666 February 15, 2008 33.3333.33 % 91,667 183,333 16,667 33,333 February 15, 2009 33.3433.34 % 91,667 275,000 16,667 50,000 This option shall expire, and no shares may be purchased pursuant to this Option, after the expiration date set forth above (the “Expiration Date”). Non-Qualified Stock Option Agreement February 15, 2006 Page page 2.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Quest Diagnostics Inc)
Award of Option. The Corporation hereby awards to the Optionee an option (the “Option”) to purchase from the Corporation such number of shares of the Corporation’s common stock (the “Shares”) at the exercise price set forth in this Option Agreement (the “Exercise Price”) below. This option shall vest equally over a three-year period. If the foregoing results in a fractional number of Shares subject to the Option vesting on any vesting date, the number of Shares subject to the Option vesting on the first and second vesting dates shall be rounded down to the previous whole number of Shares and the Shares subject to the Option vesting on the third vesting date shall be rounded up to the next whole number of Shares, as shall be necessary in order to result in a vesting of 100% of the Shares subject to the Option. The Compensation Committee of the Corporation may, in its sole discretion, convert this Option at any time to a stock settled stock appreciation grant. Number of Shares Subject to Option: 54,667 Exercise Price per Share: $52.235 Expiration Date: February 15, 2013 February 15, 2007 33.33% 91,666 91,666 18,222 18,222 February 15, 2008 33.33% 91,667 183,333 18,222 36,444 February 15, 2009 33.34% 91,667 275,000 18,223 54,667 This option shall expire, and no shares may be purchased pursuant to this Option, after the expiration date set forth above (the “Expiration Date”). Non-Qualified Stock Option Agreement February 15, 2006 Page 2.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Quest Diagnostics Inc)
Award of Option. The Corporation hereby awards to the Optionee an option (the “Option”) to purchase from the Corporation such number of shares of the Corporation’s common stock (the “Shares”) at the exercise price set forth in this Option Agreement (the “Exercise Price”) below. This option shall vest equally over a three-year period. If the foregoing results in a fractional number of Shares subject to the Option vesting on any vesting date, the number of Shares subject to the Option vesting on the first and second vesting dates shall be rounded down to the previous whole number of Shares and the Shares subject to the Option vesting on the third vesting date shall be rounded up to the next whole number of Shares, as shall be necessary in order to result in a vesting of 100% of the Shares subject to the Option. .The Compensation Committee of the Corporation may, in its sole discretion, convert this Option at any time to a stock settled stock appreciation grant. Number of Shares Subject to Option: 113,334 Exercise Price per Share: $52.235 Expiration Date: February 15, 2013 February 15, 2007 33.3333.33 % 91,666 91,666 37,778 37,778 February 15, 2008 33.3333.33 % 91,667 183,333 37,778 75,556 February 15, 2009 33.3433.34 % 91,667 275,000 37,778 113,334 This option shall expire, and no shares may be purchased pursuant to this Option, after the expiration date set forth above (the “Expiration Date”). Non-Qualified Stock Option Agreement February 15, 2006 Page 2.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Quest Diagnostics Inc)