Schedule Required by Instruction 2 to 601 of Regulation S-K
Exhibit 10.5
Schedule Required by Instruction 2 to 601
of Regulation ▇-▇
▇▇▇▇▇▇▇▇ Inc. (the “Company”) entered into (i) a Nonqualified Option Agreement, dated as of June 6, 2017 with ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ (the agreement is featured as Exhibit 10.4 to the Quarterly Report on Form 10-Q) which contemplates that the vesting of the option shall be subject to the completion of certain milestones associated with the economic performance of the Company, (the “Performance Milestone Option Agreement”) and (ii) a Nonqualified Option Agreement, dated as of June 6, 2017 with ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ (the agreement is featured as Exhibit 10.3 to the Quarterly Report on Form 10-Q) which contemplates that the vesting of the option shall occur in accordance with a time-based schedule (the “Time Vesting Option Agreement”). The Company has also entered into two Nonqualified Option Agreements, dated as of June 6, 2017 with ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ (collectively, the “▇▇▇▇ Option Agreements”). Except as noted below, one of the ▇▇▇▇ Option Agreements is substantially similar in all material respects to the Performance Milestone Option Agreement and the other ▇▇▇▇ Option Agreement is substantially similar in all material respects to the Time Vesting Option Agreement.
The only material difference between the Performance Milestone Option Agreement and the corresponding ▇▇▇▇ Option Agreement is the number of shares of common stock of Hardinge Inc., par value $.01 per share (the “Common Stock”) that is subject to each option agreement as set forth below:
Number of Shares of Common Stock
Subject to Applicable Nonqualified Option Agreement
Performance Milestone Option Agreement | Corresponding ▇▇▇▇ Option Agreement |
75,000 shares of Common Stock | 37,500 shares of Common Stock |
The only material difference between the Time Vesting Option Agreement and the corresponding ▇▇▇▇ Option Agreement is the number of shares of Common Stock that is subject to each option agreement as set forth below:
Number of Shares of Common Stock
Subject to Applicable Nonqualified Option Agreement
Time Vesting Option Agreement | Corresponding ▇▇▇▇ Option Agreement |
75,000 shares of Common Stock | 37,500 shares of Common Stock |