{"id":40194,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/notice-of-grant-of-stock-options-to-non-employee-director-time.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"notice-of-grant-of-stock-options-to-non-employee-director-time","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/notice-of-grant-of-stock-options-to-non-employee-director-time.html","title":{"rendered":"Notice of Grant of Stock Options to Non-employee Director – Time Warner"},"content":{"rendered":"

Notice of Grant of Stock Options
\nTo Non-Employee Director<\/strong><\/p>\n

Time Warner Inc.
\nID: 13-4099534
\nOne Time Warner Center
\nNew York, NY 10019-8016<\/p>\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

I, [NAME], am the participant.<\/p>\n<\/td>\n

<\/td>\n\n

ID: [GLOBAL ID]<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Participant has been granted options to buy Time Warner Common Stock (the
\n“Stock Options”) as follows: Non-Qualified Stock Option Grant Number:
\nDate of Grant:
\nPurchase Price per Share:
\nTotal Number of Shares Granted: Time Warner and I agree that these Stock Options
\nare granted under and governed by the terms and conditions of the Time Warner
\nInc. 2006 Stock Incentive Plan (the “Plan”) and the Non-Qualified Stock Option
\nAgreement, Directors Version 8 (the “Agreement”), all of which are incorporated
\nby reference into, and made a part of this document. I understand that so long
\nas I remain a director, employee or consultant of the Company or an Affiliate,
\nmy Stock Options will become vested and exercisable in accordance with the
\nfollowing vesting schedule, subject to the terms of the Plan and the Agreement:
\nAn installment equal to 25% of the number of Stock Options Granted will vest on
\neach of the first four anniversaries of the Date of Grant; provided that if the
\ntotal number of shares granted is not divisible evenly by four, then the
\ninstallments shall have as equal a number as possible, with up to one more share
\nin each of the fourth, third and second installments to vest, in that order, as
\nmay be required. For example, if there are 250 Stock Options granted, 62 Stock
\nOptions will vest on each of the first and second anniversaries and 63 Stock
\nOptions will vest on the each of the third and fourth anniversaries of the Date
\nof Grant. I understand that vesting of my Stock Options will cease in certain
\ncircumstances, including, but not limited to, certain terminations of my service
\nas a director of the Company, as provided in the Plan and Agreement. I
\nunderstand there is a limited time period to exercise my vested and exercisable
\nStock Options following a termination of my service as a director of the
\nCompany, and that if vested and exercisable Stock Options are not exercised
\nwithin the prescribed time period in the Agreement, they will be canceled and
\ncannot ever be exercised, as provided in the Plan and Agreement. I understand
\nthat my unvested Stock Options will be canceled upon certain terminations of my
\nservice as a director of the Company and cannot ever be exercised, as provided
\nin the Plan and Agreement. The expiration date of the Stock Options will be
\nthe day prior to the 10th<\/sup> anniversary of the Date of Grant, unless
\nthe Stock Options are canceled earlier due to a termination of service as a
\ndirector, as provided in the Plan and Agreement.<\/u> <\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[6713],"corporate_contracts_industries":[9510],"corporate_contracts_types":[9539,9543],"class_list":["post-40194","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-aol-time-warner-inc","corporate_contracts_industries-technology__programming","corporate_contracts_types-compensation","corporate_contracts_types-compensation__dsp"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/40194","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=40194"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=40194"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=40194"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=40194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}