Form of Stock Option Award Letter. Any capitalized term used and not defined in the Award Letter has the meaning set forth in the Plan. In the event there is an inconsistency between the terms of the Plan and the Award Letter, the terms of the Plan control. Note that in most circumstances, on the date s you exercise your Option, the difference between the exercise price and the Fair Market Value of the stock on the date of exercise multiplied by the number of Shares you purchase, stock be taxable income stock you. You should closely review Appendix A and the Plan Prospectus for important details about the tax treatment of your Option. This Award Letter, the Plan and any other attachments should be retained in your files for future reference. Senior Vice President, Administration. Terms and Conditions of. Employee Nonqualified Stock Option Award. The Option granted to you by Bristow Group Inc. You may purchase the Shares of Common Stock covered by the Option for the Exercise Price stated in this Award Letter. Your Option expires on the Expiration Date. Subject to the limitations set forth in this Award Letter and in the Plan, your Option may be exercised by written or electronic notice provided to the Company as set forth below. If any law or regulation requires the Company to take any action with respect to the Shares specified in such notice, the time for delivery thereof, which would otherwise be as promptly as possible, shall be postponed for the period of time necessary to take such action. You shall have no rights of a stockholder with respect to Shares of Common Stock subject to your Option unless and until such time as your Option has been exercised options ownership of such Shares of Common Stock has been transferred to you. The Fair Market Value of any Shares of Common Options tendered or withheld as all or part of the Exercise Price shall be determined in accordance with the Plan on the date agreed to by the Company in advance as the date of exercise. The certificates evidencing previously owned Shares of Common Stock tendered must be duly endorsed or accompanied by appropriate stock powers. Only stock certificates issued solely in your name may be tendered in exercise of your Option. Fractional Shares may not be tendered in satisfaction of the Exercise Price; any portion of the Exercise Price which is in excess of the aggregate Fair Market Value of the number of whole Shares tendered must be paid in cash. If a certificate tendered in exercise of the Option evidences more Shares than are required pursuant to the immediately preceding sentence for satisfaction of the portion of the Exercise Price being paid in Common Stock, an appropriate replacement certificate will be issued to you for the number of excess Shares. The following rules apply to your Option in the event of your death, Disability as defined belowretirement, or other termination of employment. The Committee shall have absolute discretion to determine the date and circumstances of termination of your employment and make all determinations under the Plan, and its determination shall be final, conclusive and binding upon you. Acceleration Upon Change in Control. A Change in Control of the Company shall be deemed to have occurred as of the first day any one or more of the following conditions shall have been satisfied: Option based on currently applicable provisions of the Code and related regulations. The summary does not discuss state and local tax laws or the laws of any other jurisdiction, which may differ from U. Neither the Company nor the Committee guarantees the tax consequences of your Incentive Award herein. You are advised to consult your own tax advisor regarding the application of the tax laws to your particular situation. You can either make a cash payment to the Company of the required amount or you can elect to satisfy your withholding obligation by having the Company retain Shares of Common Stock having a Fair Market Value on the date tax is determined equal to the amount of your withholding obligation from the Shares otherwise deliverable to you upon the exercise of your Option. You may not elect to have the Company withhold Shares of Common Stock having a value in excess of the minimum statutory withholding tax liability. If you fail to satisfy your withholding obligation in a time and manner satisfactory to the Committee, the Company shall have the right to withhold the required amount from your salary or other amounts payable to you prior to transferring any Shares of Common Stock to you pursuant to this Option. You may not elect to have the Company withhold Shares having a value in excess of the minimum withholding tax liability under local law. If you fail to satisfy such withholding obligation in a time and manner satisfactory to the Committee, no Shares will be issued to you or the Company shall have the right to withhold the required amount options your salary or other amounts payable to you prior to the delivery of the Common Stock to you. There are no restrictions imposed by the Plan on the resale of Shares of Common Stock acquired under the Plan. At the present time, the Company does not have a currently effective registration statement pursuant to which stock resales may be made by affiliates. The Plan and this Award Letter shall be interpreted, construed and constructed in accordance with the laws of the State of Delaware and without regard to its conflicts of law provisions, except as may be superseded by applicable laws of the United States. Nothing in this Award Letter shall create a community property interest where none otherwise exists. Your Award Letter, the Plan and any other attachments should be retained in your files for future reference. Vesting and Exercisability of Option. Satisfaction of Exercise Price. If your employment terminates for any reason other than death, Disability or retirement as those terms are used belowyour Option will expire as to any unvested and not yet exercisable installments of the Option on the date of the termination of your employment and no additional installments of your Option letter become exercisable. Your Option will be limited to only the number of Shares of Common Stock which you were entitled to purchase under the Letter on the date of the termination of your employment and will remain exercisable for that number of Shares for the earlier of 90 days following the date of your termination of employment or the Expiration Date. For purposes of this Appendix, Disability shall have the meaning given that term by the group disability insurance, if any, maintained by the Company for its employees or otherwise shall mean your complete inability, with or without a reasonable accommodation, to perform your duties with the Company on a full-time basis as a result of physical or mental illness or personal injury you have incurred for more than 12 weeks in any 52 week period, whether consecutive or not, as determined by an independent physician selected with your approval and the approval of the Company. Adjustments by the Committee. Approval by the stockholders of the Company of a complete liquidation or dissolution of the Company other than in connection letter the transfer of all or substantially all of the assets of the Company to an affiliate or a Subsidiary of the Company. Tax Consequences and Income Tax Withholding. Effect on Other Benefits.
OPTIONS TRADING FOR BEGINNERS ?? How To Trade Stock Options
OPTIONS TRADING FOR BEGINNERS ?? How To Trade Stock Options
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Throughput is the rate at which the system generates money through sales.