{"id":38440,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/2001-york-hourly-paid-employees-stock-option-plan.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"2001-york-hourly-paid-employees-stock-option-plan","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/2001-york-hourly-paid-employees-stock-option-plan.html","title":{"rendered":"2001 York Hourly-Paid Employees Stock Option Plan &#8211; Harley-Davidson Inc."},"content":{"rendered":"<pre>                              HARLEY-DAVIDSON, INC.\n\n                         2001 YORK HOURLY-PAID EMPLOYEES\n\n                                STOCK OPTION PLAN\n\n                                   ARTICLE I\n\n                                    PURPOSE\n\n         The purpose of the Harley-Davidson, Inc. 2001 York Hourly-Paid\nEmployees Stock Option Plan is to provide favorable opportunities for non-exempt\nemployees at the Harley-Davidson Motor Company York, Pennsylvania facility\ncovered by the collective bargaining agreement as defined in Section 5.1 (the\n\"Collective Bargaining Agreement\") to purchase shares of Common Stock of\nHarley-Davidson, Inc. covered by the Collective Bargaining Agreement. Such\nopportunities should provide an increased incentive for these employees to\ncontribute to the future success and prosperity of Harley-Davidson, Inc., thus\nenhancing the value of the stock for the benefit of the shareholders.\n\n                                   ARTICLE II\n\n                                   DEFINITIONS\n\n         The following capitalized terms used in the Plan shall have the\nrespective meanings set forth in this Article:\n\n         2.1. BOARD: The Board of Directors of Harley-Davidson, Inc.\n\n         2.2. CODE: The Internal Revenue Code of 1986, as amended.\n\n         2.3. COMMITTEE: The Human Resources Committee of the Board.\n\n         2.4. COMMON STOCK: The common stock of Harley-Davidson, Inc.\n\n         2.5. COMPANY: Harley-Davidson, Inc. and any of its Subsidiaries.\n\n         2.6. DISABILITY: Disability retirement under the Retirement Annuity\nPlan for York Hourly-Paid Employees of Harley-Davidson.\n\n         2.7. FAIR MARKET VALUE: The average of the high and low reported sales\nprices of Common Stock on the New York Stock Exchange Composite Tape on the date\nfor which fair market value is being determined.\n\n         2.8. NON-ISO: A stock option which is not an incentive stock option\nwithin the meaning of Section 422 of the Code.\n\n\n\n         2.9. OPTION: A stock option granted under the Plan.\n\n         2.10. OPTION PRICE: The purchase price of a share of Common Stock under\nan Option.\n\n         2.11. OPTIONEE: A person who has been granted one or more Options.\n\n         2.12. PARENT CORPORATION: The parent corporation, as defined in Section\n424(e) of the Code.\n\n         2.13. PLAN: The Harley-Davidson, Inc. 2001 York Hourly-Paid Employees\nStock Option Plan.\n\n         2.14. RETIREMENT: Normal, deferred, early, or thirty and out retirement\nunder the terms of the Retirement Annuity Plan for York Hourly-Paid Employees of\nHarley-Davidson.\n\n         2.15. SUBSIDIARY: A corporation, limited partnership, general\npartnership, limited liability company, business trust or other entity of which\nmore than fifty percent (50%) of the voting power or ownership interest is\ndirectly and\/or indirectly held by Harley-Davidson, Inc.\n\n         2.16. TERMINATION DATE: A date fixed by the Committee but not later\nthan the day preceding the tenth anniversary of the date on which the Option is\ngranted.\n\n                                  ARTICLE III\n\n                                 ADMINISTRATION\n\n         3.1. The Committee shall administer the Plan and shall have full power\nto grant Options, construe and interpret the Plan, establish and amend rules and\nregulations for its administration, and perform all other acts relating to the\nPlan, including the delegation of administrative responsibilities, which it\nbelieves reasonable and proper.\n\n         3.2. Subject to the provisions of the Plan, the Committee shall, in its\ndiscretion, determine who shall be granted Options, the number of shares subject\nto option under any such Options, the dates after which Options may be\nexercised, in whole or in part, and the terms and conditions of the Options.\n\n         3.3. Any decision made, or action taken, by the Committee arising out\nof or in connection with the interpretation and administration of the Plan shall\nbe final and conclusive.\n\n                                   ARTICLE IV\n\n                           SHARES SUBJECT TO THE PLAN\n\n         4.1. The total number of shares of Common Stock available for grants of\nOptions under the Plan shall be three hundred thousand (300,000) shares.\n\n                                       2\n\n\n                                   ARTICLE V\n\n                                   ELIGIBILITY\n\n         5.1. Options may be granted to all full time, regular, production and\nmaintenance employees of the Company covered by the collective bargaining\nagreement in effect between the Company and Tyson Lodge 175, District 98, of the\nInternational Association of Machinists &amp; Aerospace Workers, AFL\/CIO (or any\nsuccessor thereto).\n\n                                   ARTICLE VI\n\n                                 TERM OF OPTIONS\n\n         6.1. OPTION AGREEMENTS: All Options shall be evidenced by written\nagreements executed by the Company. Such Options shall be subject to the\napplicable provisions of the Plan, and shall contain such provisions as are\nrequired by the Plan and any other provisions the Committee may prescribe. All\nagreements evidencing Options shall specify the total number of shares subject\nto each grant, the date of the grant, the Option Price and the Termination Date.\nAll Options shall be Non-ISOs.\n\n         6.2. OPTION PRICE: The Option Price shall be set by the Committee;\nprovided, however, that the price per share shall not be less than the Fair\nMarket Value of a share of Common Stock as of the date the Option is granted.\n\n         6.3. PERIOD OF EXERCISE: The Committee shall determine the dates after\nwhich Options may be exercised in whole or in part. If Options are exercisable\nin installments, installments or portions thereof that are exercisable and not\nexercised shall accumulate and remain exercisable. The Committee may also amend\nan Option to accelerate the dates after which Options may be exercised in whole\nor in part. However, no Option or portion thereof shall be exercisable after the\nTermination Date.\n\n         6.4. MANNER OF EXERCISE AND PAYMENT: An Option, or portion thereof,\nshall be exercised by delivery of a written notice of exercise to the Company\nand payment of the full price of the shares being purchased pursuant to the\nOption. An Optionee may exercise an Option with respect to less than the full\nnumber of shares for which the Option may then be exercised, but an Optionee\nmust exercise the Option in full shares of Common Stock. The price of Common\nStock purchased pursuant to an Option, or portion thereof, may be paid:\n\n                  a. in United States dollars in cash or by check, bank draft or\n         money order payable to the order of the Company.\n\n                  b. through the delivery of shares of Common Stock with an\n         aggregate Fair Market Value on the date of exercise equal to the Option\n         Price, or\n\n                  c. by any combination of the above methods of payment.\n\nThe Committee shall determine acceptable methods for tendering Common Stock as\npayment upon exercise of an Option and may impose such limitations and\nprohibitions on the use of \n\n                                       3\n\n\nCommon Stock to exercise an Option as it deems appropriate, including, without\nlimitation, any limitation or prohibition designed to avoid certain accounting\nconsequences which may result from the use of Common Stock as payment upon\nexercise of an Option.\n\n         6.5. WITHHOLDING TAXES: The Company may, in its discretion, require an\nOptionee to pay to the Company at the time of exercise the amount that the\nCompany deems necessary to satisfy its obligation to withhold Federal, state or\nlocal income or other taxes incurred by reason of the exercise. Upon or prior to\nthe exercise of an Option requiring tax withholding, an Optionee may make a\nwritten election to have shares of Common Stock withheld by the Company from the\nshares otherwise to be received. The number of shares so withheld shall have an\naggregate Fair Market Value on the date of exercise sufficient to satisfy the\napplicable withholding taxes. The acceptance of any such election by an Optionee\nshall be at the sole discretion of the Committee.\n\n         6.6. NONTRANSFERABILITY OF OPTIONS: Each Option shall, during the\nOptionee's lifetime, be exercisable only by the Optionee and neither it nor any\nright hereunder shall be transferable otherwise than by will or the laws of\ndescent and distribution or be subject to attachment, execution or other similar\nprocess. In the event of any attempt by the Optionee to alienate, assign,\npledge, hypothecate or otherwise dispose of an Option or of any right hereunder,\nexcept as provided for herein, or in the event of any levy or any attachment,\nexecution or similar process upon the rights or interest hereby conferred, the\nCompany may terminate the Option by notice to the Optionee and the Option shall\nthereupon become null and void.\n\n         6.7. CESSATION OF EMPLOYMENT OF OPTIONEE:\n\n                  a. CESSATION OF EMPLOYMENT OTHER THAN BY REASON OF RETIREMENT,\n         DISABILITY OR DEATH. . Except as may be otherwise provided by the\n         Committee, if an Optionee shall cease to be employed by the Company\n         otherwise than by reason of Retirement, Disability, or death, (i) each\n         Option held by the Optionee, together with all rights thereunder, that\n         is not vested shall terminate on the date of cessation of employment,\n         to the extent not previously exercised and (ii) the Optionee shall have\n         a period of 90 days from the date of cessation of employment to\n         exercise each Option held by the Optionee that is vested on the date of\n         cessation of employment. At the end of such 90-day period, each such\n         Option that has not been exercised, together with all rights\n         thereunder, shall terminate, to the extent not previously exercised.\"\n\n                  b. CESSATION OF EMPLOYMENT BY REASON OF RETIREMENT OR\n         DISABILITY. If an Optionee shall cease to be employed by the Company by\n         reason of Retirement or Disability, each Option held by the Optionee\n         shall remain exercisable, to the extent it was exercisable at the time\n         of cessation of employment, until the earliest of:\n\n                           i. the Termination Date,\n\n                                       4\n\n\n                           ii. the death of the Optionee, or such later date not\n                  more than one year after the death of the Optionee as the\n                  Committee, in its discretion, may provide pursuant to Section\n                  6.7(c) of the Plan,\n\n                           iii. the third anniversary of the date of the\n                  cessation of the Optionee's employment, if employment ceased\n                  by reason of Retirement, or\n\n                           iv. the first anniversary of the date of the\n                  cessation of the Optionee's employment by reason of\n                  Disability;\n\nand thereafter all such Options shall terminate together with all rights\nhereunder, to the extent not previously exercised.\n\n                  c. CESSATION OF EMPLOYMENT BY REASON OF DEATH. In the event of\n         the death of the Optionee while employed by the Company, an Option may\n         be exercised at any time or from time to time prior to the earlier of\n         the Termination Date or the first anniversary of the date of the\n         Optionee's death, by the person or persons to whom the Optionee's\n         rights under each Option shall pass by will or by the applicable laws\n         of descent and distribution, to the extent that the Optionee was\n         entitled to exercise such Option on the Optionee's date of death. In\n         the event of the death of the Optionee while entitled to exercise an\n         Option pursuant to Section 6.7(b), the Committee, in its discretion,\n         may permit such Option to be exercised at any time or from time to time\n         prior to the Termination Date during a period of up to one year from\n         the death of the Optionee, as determined by the Committee, by the\n         person or persons to whom the Optionee's rights under each Option shall\n         pass by will or by the applicable laws of descent and distribution, to\n         the extent that the Option was exercisable at the time of cessation of\n         the Optionee's employment. Any person or persons to whom an Optionee's\n         rights under an Option have passed by will or by the applicable laws of\n         descent and distribution shall be subject to all terms and conditions\n         of the Plan and the Option applicable to the Optionee. \n\n                                  ARTICLE VII\n\n                                   ADJUSTMENTS\n\n         7.1. If (a) the Company shall at any time be involved in a transaction\nto which Section 424(a) of the Code is applicable; (b) the Company shall declare\na dividend payable in, or shall subdivide or combine, its Common Stock, or (c)\nany other event shall occur which in the judgment of the Committee necessitates\nan adjustment to prevent dilution or enlargement of the benefits or potential\nbenefits intended to be made available under the Plan, then the Committee may,\nin such manner as it may deem equitable, adjust any or all of (i) the number and\ntype of securities subject to the Plan and which thereafter may be the subject\nof Options; (ii) the number and type of securities subject to outstanding\nOptions; (iii) the Option Price with respect to any Option; and (iv) the number\nof shares of Common Stock that may be issued pursuant to Options granted to an\nOptionee in any calendar year. The judgment of the Committee with respect to any\nmatter referred to in this Article shall be conclusive and binding upon each\nOptionee.\n\n                                       5\n\n\n                                  ARTICLE VIII\n\n                        AMENDMENT AND TERMINATION OF PLAN\n\n         8.1. The Board may at any time, or from time to time, suspend or\nterminate the Plan in whole or in part or amend it in such respects as the Board\nmay deem appropriate.\n\n         8.2. No amendment, suspension or termination of this Plan shall,\nwithout the Optionee's consent, alter or impair any of the rights or obligations\nunder any Option theretofore granted to an Optionee under the Plan.\n\n         8.3. The Board may amend this Plan, without the limitation, in such\nmanner as it deems necessary to permit the granting of Options meeting the\nrequirements of future amendments or issued regulations, if any, to the Code.\n\n                                   ARTICLE IX\n\n                        GOVERNMENT AND OTHER REGULATIONS\n\n         9.1. The obligation of the Company to issue or transfer and deliver\nshares for Options exercised under the Plan shall be subject to all applicable\nlaws, regulations, rules, orders and approvals which shall then be in effect and\nrequired by governmental entities and the stock exchanges on which Common Stock\nis traded.\n\n                                   ARTICLE X\n\n                            MISCELLANEOUS PROVISIONS\n\n         10.1. PLAN DOES NOT CONFER EMPLOYMENT OR SHAREHOLDER RIGHTS: The right\nof the Company to terminate (whether by dismissal, discharge, retirement or\notherwise) the Optionee's employment with it at any time at will, or as\notherwise provided by any agreement between the Company and the Optionee, is\nspecifically reserved. Neither the Optionee nor any person entitled to exercise\nthe Optionee's rights in the event of the Optionee's death shall have any rights\nof a shareholder with respect to the shares subject to each Option, except to\nthe extent that, and until, such shares shall have been issued upon the exercise\nof each Option.\n\n         10.2. PLAN EXPENSES: Any expenses of administering this Plan shall be\nborne by the Company.\n\n         10.3. USE OF EXERCISE PROCEEDS: Payments received from Optionees upon\nthe exercise of Options shall be used for the general corporate purposes of the\nCompany, except that any stock received in payment may be retired, or retained\nin the Company's treasury and reissued.\n\n         10.4. INDEMNIFICATION: In addition to such other rights of\nindemnification as they may have as members of the Board or the Committee of the\nCompany, the members of the Board and the Committee shall be indemnified by the\nCompany against all costs and expenses reasonably incurred by them in connection\nwith any action, suit or proceeding to which they or \n\n\n                                       6\n\n\nany of them may be party by reason of any action taken or failure to act under\nor in connection with the Plan or any Option granted thereunder, and against all\namounts paid by them in settlement thereof (provided such settlement is approved\nby independent legal counsel selected by the Company) or paid by them in\nsatisfaction of a judgment in any such action, suit or proceeding, except a\njudgment based upon a finding of bad faith; provided that upon the institution\nof any such action, suit or proceeding a Board member or the Committee shall, in\nwriting, give the Company notice thereof and an opportunity, at its own expense,\nto handle and defend the same before such Board member or Committee undertakes\nto handle and defend it on such member's own behalf.\n\n                                   ARTICLE XI\n\n                                 EFFECTIVE DATE\n\n         11.1. The Plan shall become effective when it is approved by the Board.\n\n\n                                       7\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7723],"corporate_contracts_industries":[9389],"corporate_contracts_types":[9539,9545],"class_list":["post-38440","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-harley-davidson-inc","corporate_contracts_industries-autos__cycles","corporate_contracts_types-compensation","corporate_contracts_types-compensation__esp"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38440"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38440"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38440"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}