Alcatel lucent employee stock options - ALCATEL LUCENT (ALU) 10K Annual Reports & 10Q SEC Filings | Last10K
Rules Applicable to Corporate Stock. This translation has been prepared for convenience purposes only. While this English-language version represents an acceptable translation alvatel the plan, the stock options described herein are governed by the original French-language plan. In the event of any inconsistency between this translation and the original French-language text, the French-language text will options trading 911.
You may obtain a copy of the French-language text upon request. The purpose of this plan lucetn to define the terms and conditions applicable to the Stock Subscription Options Plan adopted by the Board of Directors of Alcatel Lucent.
In this Plan, the following words and expressions have the following meaning: Acquisition Period means the period starting on Grant Date and finishing on the fourth anniversary of the Grant Date. Beneficiary means an employee of one Subsidiary headquartered outside France and who benefits from an Option Grant.
Company means Alcatel Lucent. Grant Date means the date of the Board of Directors deciding the Option Grant or any later date fixed by it. French Ophions Code means the French Code de commerce.
Group means the Company and its Subsidiaries. Option means a right to subscribe for one share in the Company at the price fixed at the Grant Date, subject to any adjustment required by law.
Plan means this document. Share means an ordinary share of the Company.
Subscription Price means the price to be paid to subscribe for one Share in exercise of an Option. The Beneficiaries must be related to a Subsidiary located outside France by an employment contract or relationship having come into force and in effect as of the Grant Date. Directors or officers of the Company and members or future members of the Management Committee cannot be Beneficiaries of Options granted by virtue of lucent options alcatel employee stock plan.
The list of Beneficiaries in the Plan as well as lucetn number of Options granted to each Beneficiary is approved by the Board of Directors of forex news reader indicator Company.
The Stock wars options Grant is made, for each Beneficiary, subject to the approval of the competent authorities notably the regulatory and market surveillance authorities, exchange luecnt and foreign investment or tax authorities of the country in which the employing company has its registered office, where this or these approval s is are required by applicable regulations.
Each Beneficiary will be informed individually by stock employee options lucent alcatel of the conditions which govern the Option Grant, in particular: Sgock full version of this Plan is available on the Company intranet to read or to download.
Each Beneficiary must expressly accept or reject the terms and conditions of the Option Grant by following the optionz alcatel lucent employee stock options for this purpose on the Company intranet within 80 days of the individual notification.
Acceptance will be deemed to include in particular acceptance by the Beneficiary of the terms of the Plan, the conditions stipulated in the individual notification and all tax or social security consequences attached to the Option Grant. Alcatel lucent employee stock options Beneficiary who does not follow this procedure for acceptance or rejection will permanently forfeit his rights to the Option Grant, without being able to claim any compensation or indemnity from his employer, the Company or any of its Subsidiaries.
Subject to the instances described in paragraph 2. In certain instances of termination or transfer of employment contract listed below, non-vested rights may, via the effect of an exceptional acceleration, become vested in the Beneficiaries of the Options on the conditions described at paragraphs 2.
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