{"id":40605,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/stock-incentive-plan-walmart.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"stock-incentive-plan-walmart","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/stock-incentive-plan-walmart.html","title":{"rendered":"Stock Incentive Plan – Walmart"},"content":{"rendered":"

WAL*MART STORES <\/strong><\/p>\n

Stock Incentive Plan <\/strong><\/p>\n

Notice of Non Qualified Stock Option Grant <\/strong>\n<\/p>\n<\/p>\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Name<\/strong><\/td>\n<\/td>\nSocial Security Number<\/strong><\/td>\n<\/td>\nDepartment<\/strong><\/td>\n<\/tr>\n
\n

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<\/td>\n\n

\u00abSocial \u00bb<\/p>\n<\/td>\n

<\/td>\n\n

\u00abDepartment \u00bb<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Grant Date<\/strong><\/td>\n<\/td>\nShares Granted<\/strong><\/td>\n<\/td>\nPrice per Share<\/strong><\/td>\n<\/td>\nExpiration Date<\/strong><\/td>\n<\/tr>\n
\n

\u00abGrantDate \u00bb<\/p>\n<\/td>\n

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\u00abSharesGranted \u00bb<\/p>\n<\/td>\n

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Grant of Option:<\/strong> You have been granted an option to purchase
\nup to the above-designated number of shares of Common Stock of Wal-Mart Stores,
\nInc., (“Shares”) at the designated price per Share, on or before the designated
\nExpiration Date, subject to the terms of the Wal-Mart Stores, Inc. Stock
\nIncentive Plan of 2005, as amended from time to time. Capitalized terms used in
\nthe notice have the same meanings as in the Plan.<\/p>\n

Vesting. <\/strong>This Option shall cumulatively vest and become
\nexercisable as follows, except that no Options shall vest after you cease to be
\nan associate of the company for any reason whatsoever other than on account of
\ndeath in which case all Options shall immediately vest. The unexercised portion
\nof each vested installment may be accumulated from year to year.<\/p>\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Shares Vesting<\/p>\n<\/td>\n

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Date<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
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\u00abVest1 \u00bb<\/p>\n<\/td>\n

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\u00abVest2 \u00bb<\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

\u00abDate2 \u00bb<\/p>\n<\/td>\n

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\n

\u00abVest3 \u00bb<\/p>\n<\/td>\n

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\u00abDate5 \u00bb<\/p>\n<\/td>\n

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<\/td>\n<\/td>\n<\/tr>\n
\n

\u00abTotalShrGranted \u00bb<\/p>\n<\/td>\n

<\/td>\n<\/td>\nTotal<\/strong><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Time to Exercise Vested Options:<\/strong> You may exercise all or any
\nportion of your vested Options only (i) while you are employed by the Company,
\nor (ii) within 3 months after termination of employment, or (iii) within one
\nyear after death if you die before otherwise terminating employment or within 3
\nmonths thereafter. However, in no event shall this Option be exercisable (a)
\nafter the Expiration Date, (b) during any administrative suspension, or (c) if
\nyour employment was terminated for cause.<\/p>\n

Payment of Exercise Price:<\/strong> You must pay the Option price in
\nfull in any one or a combination of the following, subject to the approval of
\nthe Committee: (i) through a broker-dealer selected by you to whom you have
\nsubmitted an irrevocable exercise notice including an irrevocable instruction to
\ndeliver the Option price promptly to the Company by check or wire transfer; (ii)
\nby cash, check, or wire transfer; or (iii) in unencumbered Shares which you have
\nheld for at least 6 months.<\/p>\n

Tax Withholding:<\/strong> The Company153s required federal, state and
\nlocal tax withholding must be satisfied when you exercise an Option by any one
\nor a combination of the following means: (i) by cash, check, or wire transfer;
\n(ii) withholding of Shares otherwise deliverable to you as a result of the
\nexercise of an Option; or (iii) in unencumbered Shares, which have been held for
\nat least six months. All Shares shall be valued at their Fair Market Value as of
\nthe date the withholding tax obligation arises.<\/p>\n

Successors Bound by this Notice:<\/strong> This Notice and the terms
\nof the Plan bind you and your heirs, personal representatives, successors and
\nassigns.<\/p>\n

Arkansas Law Governs this Notice:<\/strong> This Notice shall be
\ngoverned by and interpreted according to Arkansas law.<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[9281],"corporate_contracts_industries":[9495],"corporate_contracts_types":[9539,9546],"class_list":["post-40605","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-wal-mart-stores-inc","corporate_contracts_industries-retail__department","corporate_contracts_types-compensation","corporate_contracts_types-compensation__incentive"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/40605","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=40605"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=40605"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=40605"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=40605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}