Stock options discretion
A Stock Option may be granted to any Eligible Person selected by the Committee. The requirements for vesting and exercisability of a Stock Option may be based on the continued Service of the Participant with the Company or an Affiliate for a specified time period or periods , on the attainment of a specified performance goal or goals or on such other terms and conditions as approved by the Committee in its discretion. The Committee shall in its discretion prescribe in an Award Agreement the period during which a vested Stock Option may be exercised,.
Table of Contents The Walt Disney Company Notice of Annual Meeting and Proxy Statement. Subject to such terms and conditions as shall be specified in an Award Agreement, a Stock Option may be exercised in whole or in part at any time during the term thereof by notice in the form required by the Company, together with payment of the aggregate exercise price therefor and applicable withholding tax.
Payment of the exercise price shall be made in the manner set forth in the Award Agreement, unless otherwise provided by the Committee: In addition to and at the time of payment of the exercise price, the Participant shall pay to the Company the full amount of any and all applicable income tax, employment tax and other amounts required to be withheld in connection with such exercise, payable under such of the methods described above for the payment of the exercise price as may be approved by the Committee and set forth in the Award Agreement.
The transfer of a Nonqualified Stock Option may be subject to such terms and conditions as the Committee may in its discretion impose from time to time.
An Incentive Stock Option shall by its terms be nontransferable other than by will or by the laws of descent and distribution, and shall be exercisable during the lifetime of a Participant only by such Participant. The Committee shall in its discretion prescribe in an Award Agreement the period during which a vested Stock Option may be exercised, provided that the maximum term of a Stock Option shall be ten years from the Date of Grant.
During the foregoing applicable period, except as otherwise specified in the Award Agreement or in the event Service was terminated by the death of the Participant, the Stock Option may be exercised by such Participant in respect of the same number of shares of Common Stock, in the same manner, and to the same extent as if he or she had remained in the continued Service of the Company or any Affiliate during the first three months of such period; provided that no additional rights shall vest after such three months.
The Committee shall have authority to determine in each case whether an authorized leave of absence shall be deemed a termination of Service for purposes hereof, as well as the effect of a leave of absence on the vesting and exercisability of a Stock Option.
Unless otherwise provided by the Committee, if an entity ceases to be an Affiliate or otherwise ceases to be qualified under the Plan or if all or substantially all of the assets of an Affiliate are conveyed other than by encumbrance , such cessation or. This limitation shall be applied by taking stock options into account in the order in which granted.
If shares of Common Stock acquired by exercise of an Incentive Stock Option are disposed of within two years following the Date of Grant or one year following the transfer of such shares to the Participant upon exercise, the Participant shall, promptly following such disposition, notify the Company in writing of the date and terms of such disposition and provide such other information regarding the disposition as the Company may reasonably require.
Stock option — Wikipédia
The exercise price per share of a Stock Option shall not be less than percent of the Fair Market Value of the shares of Common Stock on the Date of Grant, provided that the Committee may in its discretion specify for any Stock Option an exercise price per share that is higher than the Fair Market Value on the Date of Grant. The requirements for vesting and exercisability of a Stock Option may be based on the continued Service of the Participant with the Company or its Affiliates for a specified time period or periods or on the attainment of specified performance goals established by the Committee in its discretion.
Except as otherwise provided in this Section 6 or as otherwise may be provided by the Committee, no Stock Option may be exercised at any time during the term thereof unless the Participant is then in the Service of the Company or one of its Affiliates. Subject to Section 6.
During the foregoing applicable period, except as otherwise specified in the Award Agreement or in the event Service was terminated by the death of the Participant, the Stock Option may be exercised by such Participant in respect of the same number of shares of Common Stock, in the same manner, and to the same extent as if he or she had remained in the continued Service of the Company or any Affiliate during the first three months of such period; provided that no additional rights shall vest after such.
Table of Contents three months. Unless otherwise provided by the Committee, if an entity ceases to be an Affiliate of the Company or otherwise ceases to be qualified under the Plan or if all or substantially all of the assets of an Affiliate of the Company are conveyed other than by encumbrance , such cessation or action, as the case may be, shall be deemed for purposes hereof to be a termination of the Service.
An Award of an Incentive Stock Option may provide that such Stock Option may be exercised not later than 3 months following termination of employment of the Participant with the Company and all Subsidiaries, or not later than one year following a permanent and total disability within the meaning of Section 22 e 3 of the Code, as and to the extent determined by the Committee to comply with the requirements of Section of the Code. An Incentive Stock Option.
Table of Contents shall by its terms be nontransferable other than by will or by the laws of descent and distribution, and shall be exercisable during the lifetime of a Participant only by such Participant.
Subject to the anti-dilution adjustment provisions contained in Section 4. From the makers of.
The Benefits And Value Of Stock Options
Walt Disney Company DIS. BALANCE INCOME CASH FLOW. This excerpt taken from the DIS DEF 14A filed Jan 16, Unless otherwise provided by the Committee, if. This excerpt taken from the DIS DEF 14A filed Jan 12, Committee in an Award Agreement, no Stock Option may be exercised at any time during the term thereof unless the Participant is then in the Service of the Company or one of its Affiliates.
This excerpt taken from the DIS DEF 14A filed Jan 6, Subject to the provisions of Section 6. Subsequent transfers of a Nonqualified Stock Option shall be prohibited other than in accordance with Section EXCERPTS ON THIS PAGE: DEF 14A Jan 16, DEF 14A Jan 12, DEF 14A Jan 6, RELATED TOPICS for DIS: Shares Subject Plan Participation Awards Stock Appreciation Rights Additional Rules Incentive Stock Options VIEW MORE.
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How To Invest Personal Finance Options Definitions. Unless otherwise provided by the Committee, if an entity ceases to be an Affiliate or otherwise ceases to be qualified under the Plan or if all or substantially all of the assets of an Affiliate are conveyed other than by encumbrance , such cessation or action, as the case may be, shall be deemed for purposes hereof to be a termination of the Service. Jan 16, DEF 14A. Jan 12, DEF 14A. Jan 6, RELATED TOPICS for DIS: