Document:

2003 Long-term Incentive Plan

 
Exhibit 10.22

 
AMERIVEST PROPERTIES INC. 
2003 LONG-TERM STOCK INCENTIVE PLAN 

 
AMERIVEST
PROPERTIES INC. 
2003 LONG-TERM STOCK INCENTIVE PLAN 
 
SECTION 1 
GENERAL 
 
1.1.
Purpose. The AmeriVest Properties Inc. 2003 Long-Term Stock Incentive Plan (the “Plan”) has been established by AmeriVest Properties Inc. (the “Company”) to (i) attract and retain persons eligible to participate in the
Plan; (ii) motivate Participants, by means of appropriate incentives, to achieve long-range goals; (iii) provide incentive compensation opportunities that are competitive with those of other similar companies; and (iv) further identify
Participants’ interests with those of the Company’s other shareholders through compensation that is based on the Company’s common stock; and thereby promote the long-term financial interest of the Company and the Subsidiaries,
including the growth in value of the Company’s equity and enhancement of long-term shareholder return. 
 
1.2. Participation. Subject to the terms and conditions of the Plan, the Compensation Committee of the Board of Directors of the
Company (the “Committee”) shall determine and designate, from time to time, from among the Eligible Individuals (including transferees of Eligible Individuals to the extent the transfer is permitted by the Plan and the applicable Award
Agreement), those persons who will be granted one or more Awards under the Plan, and thereby become “Participants” in the Plan. 
 
1.3. Operation, Administration, and Definitions. The operation and administration of the Plan, including the Awards made under the
Plan, shall be subject to the provisions of Section 4 (relating to operation and administration). Capitalized terms in the Plan shall be defined as set forth in the Plan (including the definition provisions of Section 7). 
 
SECTION 2 
OPTIONS AND SARS 
 
2.1. Definitions. 
 

	(a)	 	The grant of an “Option” entitles the Participant to purchase shares of Stock at an Exercise Price established by the Committee. Any Option granted under
this Section 2 may be either an incentive stock option (an “ISO”) or a non-qualified option (an “NQO”), as determined in the discretion of the Committee. An “ISO” is an Option that is intended to satisfy the
requirements applicable to an “incentive stock option” described in section 422(b) of the Code. An “NQO” is an Option that is not intended to be an “incentive stock option” as that term is described in section 422(b) of
the Code. 

 

	(b)	 	A stock appreciation right (an “SAR”) entitles the Participant to receive, in cash or Stock (as determined in accordance with subsection 2.5), value equal
to (or otherwise based on) the excess of: (a) the Fair Market Value of a specified number of shares of Stock at the time of exercise; over (b) an Exercise Price established by the Committee. 

 
2.2. Exercise Price. The “Exercise Price” of
each Option and SAR granted under this Section 2 shall be established by the Committee or shall be determined by a method established 
 

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by the Committee at the time the Option or SAR is granted; except that, subject to subsection 4.6, the
Exercise Price shall not be less than 100% of the Fair Market Value of a share of Stock on the date of grant (or, if greater, the par value of a share of Stock). 
 
2.3. Exercise. An Option and an SAR shall be exercisable in accordance with such terms and conditions
and during such periods as may be established by the Committee. 
 
2.4. Payment of Option Exercise Price. The payment of the Exercise Price of an Option granted under this Section 2 shall be subject to the following: 
 

	(a)	 	Subject to the following provisions of this subsection 2.4, the full Exercise Price for shares of Stock purchased upon the exercise of any Option shall be paid at
the time of such exercise (except that, in the case of an exercise arrangement approved by the Committee and described in paragraph 2.4(c), payment may be made as soon as practicable after the exercise). 

 

	(b)	 	The Exercise Price shall be payable in cash, by promissory note, or by tendering, by either actual delivery of shares or by attestation, shares of Stock acceptable
to the Committee, and valued at Fair Market Value as of the day of exercise, or in any combination thereof, as determined by the Committee. 

 

	(c)	 	The Committee may permit a Participant to elect to pay the Exercise Price upon the exercise of an Option by irrevocably authorizing a third party to sell shares of
Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and remit to the Company a sufficient portion of the sale proceeds to pay the entire Exercise Price and any tax withholding resulting from such exercise.

 
2.5. Settlement of Award.
Settlement of Options and SARs is subject to subsection 4.7. Except for either adjustments pursuant to paragraph 4.2(f) (relating to the adjustment of shares), or decreases approved by the Company’s stockholders, the Exercise Price for any
outstanding Option granted under the Plan may not be decreased after the date of grant nor may an outstanding Option granted under the Plan be surrendered to the Company as consideration for the grant of a new Option with a lower exercise price.

 
SECTION 3 
OTHER STOCK AWARDS 
 
3.1. Definitions. 
 

	(a)	 	A “Bonus Stock” Award is a grant of shares of Stock in return for previously performed services, or in return for the Participant surrendering other
compensation that may be due. 

 

	(b)	 	A “Stock Unit” Award is the grant of a right to receive shares of Stock in the future. 

 

	(c)	 	A “Performance Share” Award is a grant of a right to receive shares of Stock or Stock Units which is contingent on the achievement of performance or other
objectives during a specified period. 

 

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	(d)	 	A “Performance Unit” Award is a grant of a right to receive a designated dollar value amount of Stock which is contingent on the achievement of performance
or other objectives during a specified period. 

 

	(e)	 	A “Restricted Stock” Award is a grant of shares of Stock, and a “Restricted Stock Unit” Award is the grant of a right to receive shares of Stock
in the future, with such shares of Stock or right to future delivery of such shares of Stock subject to a risk of forfeiture or other restrictions that will lapse upon the achievement of one or more goals relating to completion of service by the
Participant, or achievement of performance or other objectives, as determined by the Committee. 

 
3.2. Restrictions on Awards. Each Bonus Stock Award, Stock Unit Award, Restricted Stock Award, Restricted Stock Unit Award,
Performance Share Award, and Performance Unit Award shall be subject to the following: 
 

	(a)	 	Any such Award shall be subject to such conditions, restrictions and contingencies as the Committee shall determine. 

 

	(b)	 	The Committee may designate whether any such Award being granted to any Participant is intended to be “performance-based compensation” as that term is used
in section 162(m) of the Code. Any such Awards designated as intended to be “performance-based compensation” shall be conditioned on the achievement of one or more Performance Measures, to the extent required by Code section 162(m). The
Performance Measures that may be used by the Committee for such Awards shall be based on any one or more of the following, as selected by the Committee: the Company’s share price, total return, occupancy, leasing activity, expense vs. budgets,
tenant retention, tenant satisfaction, cash flow/net assets ratio, debt/capital ratio, return on total capital, return on equity, funds from operations, funds from operations per share growth, revenue growth and total return to shareholders. For
Awards under this Section 3 intended to be “performance-based compensation,” the grant of the Awards and the establishment of the Performance Measures shall be made during the period required under Code section 162(m).

 
SECTION 4 
OPERATION AND ADMINISTRATION 
 
4.1. Effective Date. Subject to the approval of the shareholders of the Company at the Company’s 2003 annual meeting of its
shareholders, the Plan shall be effective as of January 1, 2003 (the “Effective Date”); provided, however, that to the extent that Awards are granted under the Plan prior to its approval by shareholders, the Awards shall be contingent on
approval of the Plan by the shareholders of the Company at such annual meeting. The Plan shall be unlimited in duration and, in the event of Plan termination, shall remain in effect as long as any Awards under it are outstanding; provided, however,
that no Awards may be granted under the Plan after the ten-year anniversary of the Effective Date (except for Awards granted pursuant to commitments entered into prior to such ten-year anniversary). 
 
4.2. Shares Subject to Plan. The shares of Stock for
which Awards may be granted under the Plan shall be subject to the following: 
 

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	(a)	 	The shares of Stock with respect to which Awards may be made under the Plan shall be shares currently authorized but unissued or currently held or, to the extent
permitted by applicable law, subsequently acquired by the Company as treasury shares, including shares purchased in the open market or in private transactions. 

 

	(b)	 	Subject to the following provisions of this subsection 4.2, the maximum number of shares of Stock that may be delivered to Participants and their beneficiaries under
the Plan shall be equal to 500,000 shares of Stock. 

 

	(c)	 	To the extent provided by the Committee, any Award may be settled in cash rather than Stock. To the extent any shares of Stock covered by an Award are not delivered
to a Participant or beneficiary because the Award is forfeited or canceled, or the shares of Stock are not delivered because the Award is settled in cash or used to satisfy the applicable tax withholding obligation, such shares shall not be deemed
to have been delivered for purposes of determining the maximum number of shares of Stock available for delivery under the Plan. 

 

	(d)	 	If the exercise price of any stock option granted under the Plan is satisfied by tendering shares of Stock to the Company (by either actual delivery or by
attestation), only the number of shares of Stock issued net of the shares of Stock tendered shall be deemed delivered for purposes of determining the maximum number of shares of Stock available for delivery under the Plan.

 

	(e)	 	Subject to paragraph 4.2(f), the following additional maximums are imposed under the Plan. 

 

	 	(i)	 	The maximum number of shares that may be covered by Awards granted to any one individual pursuant to Section 2 (relating to Options and SARs) shall be 250,000 shares
during any one calendar-year period. If an Option is in tandem with an SAR, such that the exercise of the Option or SAR with respect to a share of Stock cancels the tandem SAR or Option right, respectively, with respect to such share, the tandem
Option and SAR rights with respect to each share of Stock shall be counted as covering but one share of Stock for purposes of applying the limitations of this paragraph (i). 

 

	 	(ii)	 	For Bonus Stock Awards, Stock Unit Awards, Restricted Stock Awards, Restricted Stock Unit Awards and Performance Share Awards that are intended to be
“performance-based compensation” (as that term is used for purposes of Code section 162(m)), no more than 250,000 shares of Stock may be subject to such Awards granted to any one individual during any one-calendar-year period. If, after
shares have been earned, the delivery is deferred, any additional shares attributable to dividends during the deferral period shall be disregarded. 

 

	 	(iii)	 	For Performance Unit Awards that are intended to be “performance-based compensation” (as that term is used for purposes of Code section 162(m)), no more
than $1,000,000 may be subject to such Awards granted to any one individual during any one-calendar-year period. If, after amounts have been 

 

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	 	    	 	earned with respect to Performance Unit Awards, the delivery of such amounts is deferred, any additional amounts attributable to earnings during the deferral period
shall be disregarded. 

 

	(f)	 	In the event of a corporate transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend,
recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares), the Committee may adjust Awards to preserve the benefits or potential benefits of the Awards. Action by the Committee may include: (i)
adjustment of the number and kind of shares which may be delivered under the Plan; (ii) adjustment of the number and kind of shares subject to outstanding Awards; (iii) adjustment of the Exercise Price of outstanding Options and SARs; and (iv) any
other adjustments that the Committee determines to be equitable (which may include, without limitation, (I) replacement of Awards with other Awards which the Committee determines have comparable value and which are based on stock of a company
resulting from the transaction, and (II) cancellation of the Award in return for cash payment of the current value of the Award, determined as though the Award is fully vested at the time of payment, provided that in the case of an Option, the
amount of such payment may be the excess of value of the Stock subject to the Option at the time of the transaction over the exercise price). 

 
4.3. General Restrictions. Delivery of shares of Stock or other amounts under the Plan shall be subject to the following:

 

	(a)	 	Notwithstanding any other provision of the Plan, the Company shall have no liability to deliver any shares of Stock under the Plan or make any other distribution of
benefits under the Plan unless such delivery or distribution would comply with all applicable laws (including, without limitation, the requirements of the Securities Act of 1933), and the applicable requirements of any securities exchange or similar
entity. 

 

	(b)	 	To the extent that the Plan provides for issuance of stock certificates to reflect the issuance of shares of Stock, the issuance may be effected on a
non-certificated basis, to the extent not prohibited by applicable law or the applicable rules of any stock exchange. 

 
4.4. Tax Withholding. All distributions under the Plan are subject to withholding of all applicable taxes, and the Committee may
condition the delivery of any shares or other benefits under the Plan on satisfaction of the applicable withholding obligations. Except as otherwise provided by the Committee, such withholding obligations may be satisfied (i) through cash payment by
the Participant; (ii) through the surrender of shares of Stock which the Participant already owns (provided, however, that to the extent shares described in this clause (ii) are used to satisfy more than the minimum statutory withholding obligation,
as described below, then, except as otherwise provided by the Committee, payments made with shares of Stock in accordance with this clause (ii) above shall be limited to shares held by the Participant for not less than six months prior to the
payment date); or (iii) through the surrender of shares of Stock to which the Participant is otherwise entitled under the Plan; provided, however, that such shares under this clause (iii) may be used to satisfy not more than the Company’s
minimum statutory withholding obligation (based on minimum statutory withholding rates for Federal and state tax purposes, including payroll taxes, that are applicable to such supplemental taxable income). 
 

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4.5. Grant and Use of Awards. In the discretion of the Committee, a Participant may
be granted any Award permitted under the provisions of the Plan, and more than one Award may be granted to a Participant. Awards may be granted as alternatives to or replacement of awards granted or outstanding under the Plan, or any other plan or
arrangement of the Company or a Subsidiary (including a plan or arrangement of a business or entity, all or a portion of which is acquired by the Company or a Subsidiary). Subject to the overall limitation on the number of shares of Stock that may
be delivered under the Plan, the Committee may use available shares of Stock as the form of payment for compensation, grants or rights earned or due under any other compensation plans or arrangements of the Company or a Subsidiary, including the
plans and arrangements of the Company or a Subsidiary assumed in business combinations. 
 
4.6. Dividends and Dividend Equivalents. An Award (including without limitation an Option or SAR Award) may provide the Participant with the right to receive dividend payments or dividend
equivalent payments with respect to Stock subject to the Award (both before and after the Stock subject to the Award is earned, vested, or acquired, and regardless of whether the underlying Stock is granted to the Participant), which payments may be
either made currently or credited to an account for the Participant, and may be settled in cash or Stock, as determined by the Committee. Any such settlements, and any such crediting of dividends or dividend equivalents or reinvestment in shares of
Stock, may be subject to such conditions, restrictions and contingencies as the Committee shall establish, including the reinvestment of such credited amounts in Stock equivalents. 
 
4.7. Settlement of Awards. The obligation to make payments and distributions with respect to Awards
may be satisfied through cash payments, the delivery of shares of Stock, the granting of replacement Awards, or combination thereof as the Committee shall determine. Satisfaction of any such obligations under an Award, which is sometimes referred to
as “settlement” of the Award, may be subject to such conditions, restrictions and contingencies as the Committee shall determine. The Committee may permit or require the deferral of any Award payment, subject to such rules and procedures
as it may establish, which may include provisions for the payment or crediting of interest or dividend equivalents, and may include converting such credits into deferred Stock equivalents. Each Subsidiary shall be liable for payment of cash due
under the Plan with respect to any Participant to the extent that such benefits are attributable to the services rendered for that Subsidiary by the Participant. Any disputes relating to liability of a Subsidiary for cash payments shall be resolved
by the Committee. 
 
4.8. Transferability.
Except as otherwise provided by the Committee, Awards under the Plan are not transferable except as designated by the Participant by will or by the laws of descent and distribution. 
 
4.9. Form and Time of Elections. Unless otherwise specified herein, each election required or
permitted to be made by any Participant or other person entitled to benefits under the Plan, and any permitted modification, or revocation thereof, shall be in writing filed with the Committee at such times, in such form, and subject to such
restrictions and limitations, not inconsistent with the terms of the Plan, as the Committee shall require. 
 
4.10. Agreement With Company. An Award under the Plan shall be subject to such terms and conditions, not inconsistent with the
Plan, as the Committee shall, in its sole 
 

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discretion, prescribe. The terms and conditions of any Award to any Participant shall be reflected in such
form of written document as is determined by the Committee. A copy of such document shall be provided to the Participant, and the Committee may, but need not require that the Participant sign a copy of such document. Such document is referred to in
the Plan as an “Award Agreement” regardless of whether any Participant signature is required. 
 
4.11. Action by Company or Subsidiary. Any action required or permitted to be taken by the Company or any Subsidiary shall be by
resolution of its board of directors, or by action of one or more members of the board (including a committee of the board) who are duly authorized to act for the board, or (except to the extent prohibited by applicable law or applicable rules of
any stock exchange) by a duly authorized officer of such company. 
 
4.12. Gender and Number. Where the context admits, words in any gender shall include any other gender, words in the singular shall include the plural and the plural shall include the singular. 
 
4.13. Limitation of Implied Rights. 
 

	(a)	 	Neither a Participant nor any other person shall, by reason of participation in the Plan, acquire any right in or title to any assets, funds or property of the
Company or any Subsidiary whatsoever, including, without limitation, any specific funds, assets, or other property which the Company or any Subsidiary, in its sole discretion, may set aside in anticipation of a liability under the Plan. A
Participant shall have only a contractual right to the Stock or amounts, if any, payable under the Plan, unsecured by any assets of the Company or any Subsidiary, and nothing contained in the Plan shall constitute a guarantee that the assets of the
Company or any Subsidiary shall be sufficient to pay any benefits to any person. 

 

	(b)	 	The Plan does not constitute a contract of employment, and selection as a Participant will not give any participating employee the right to be retained in the employ
of the Company or any Subsidiary, nor any right or claim to any benefit under the Plan, unless such right or claim has specifically accrued under the terms of the Plan. Except as otherwise provided in the Plan, no Award under the Plan shall confer
upon the holder thereof any rights as a shareholder of the Company prior to the date on which the individual fulfills all conditions for receipt of such rights. 

 
4.14. Evidence. Evidence required of anyone under the Plan may be by certificate, affidavit, document
or other information which the person acting on it considers pertinent and reliable, and signed, made or presented by the proper party or parties. 
 
SECTION 5 
COMMITTEE 
 
5.1.
Administration. The authority to control and manage the operation and administration of the Plan shall be vested in the Committee in accordance with this Section 5. The Committee shall be selected by the Board, and shall consist solely of two
or more members of the Board who are not employees of the Company or any Subsidiary. If the Committee does 
 

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not exist, or for any other reason determined by the Board, the Board may take any action under the Plan
that would otherwise be the responsibility of the Committee. 
 
5.2. Powers of Committee. The Committee’s administration of the Plan shall be subject to the following: 
 

	(a)	 	Subject to the provisions of the Plan, the Committee will have the authority and discretion to select from among the Eligible Individuals those persons who shall
receive Awards, to determine the time or times of receipt, to determine the types of Awards and the number of shares covered by the Awards, to establish the terms, conditions, performance criteria, restrictions, and other provisions of such Awards,
and (subject to the restrictions imposed by Section 6) to cancel or suspend Awards. 

 

	(b)	 	To the extent that the Committee determines that the restrictions imposed by the Plan preclude the achievement of the material purposes of the Awards in
jurisdictions outside the United States, the Committee will have the authority and discretion to modify those restrictions as the Committee determines to be necessary or appropriate to conform to applicable requirements or practices of jurisdictions
outside of the United States. 

 

	(c)	 	The Committee will have the authority and discretion to interpret the Plan, to establish, amend, and rescind any rules and regulations relating to the Plan, to
determine the terms and provisions of any Award Agreement made pursuant to the Plan, and to make all other determinations that may be necessary or advisable for the administration of the Plan. 

 

	(d)	 	Any interpretation of the Plan by the Committee and any decision made by it under the Plan is final and binding on all persons. 

 

	(e)	 	In controlling and managing the operation and administration of the Plan, the Committee shall take action in a manner that conforms to the articles and by-laws of
the Company, and applicable state corporate law. 

 
5.3. Delegation by Committee. Except to the extent prohibited by applicable law or the applicable rules of a stock exchange, the Committee may allocate all or any portion of its responsibilities and powers to any one or more
of its members and may delegate all or any part of its responsibilities and powers to any person or persons selected by it. Any such allocation or delegation may be revoked by the Committee at any time. 
 
5.4. Information to be Furnished to Committee. The
Company and Subsidiaries shall furnish the Committee with such data and information as it determines may be required for it to discharge its duties. The records of the Company and Subsidiaries as to an employee’s or Participant’s
employment, termination of employment, leave of absence, reemployment and compensation shall be conclusive on all persons unless determined to be incorrect. Participants and other persons entitled to benefits under the Plan must furnish the
Committee such evidence, data or information as the Committee considers desirable to carry out the terms of the Plan. 
 

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SECTION 6 
AMENDMENT AND TERMINATION 
 
The Board may, at any time, amend or terminate the Plan, and may amend any Award Agreement, provided that no amendment or termination may, in the absence of written consent to the change by the affected Participant (or, if
the Participant is not then living, the affected beneficiary), adversely affect the rights of any Participant or beneficiary under any Award granted under the Plan prior to the date such amendment is adopted by the Board; and further provided that
adjustments pursuant to paragraph 4.2(f) shall not be subject to the foregoing limitations of this Section 6. 
 
SECTION 7 
DEFINED TERMS 
 
In addition to the other definitions contained herein, the
following definitions shall apply: 
 

	(a)	 	Award. The term “Award” means any award or benefit granted under the Plan, including, without limitation, the grant of Options, SARs, Bonus Stock
Awards, Stock Unit Awards, Restricted Stock Awards, Restricted Stock Unit Awards, Performance Unit Awards, and Performance Share Awards. 

 

	(b)	 	Board. The term “Board” means the Board of Directors of the Company. 

 

	(c)	 	Code. The term “Code” means the Internal Revenue Code of 1986, as amended. A reference to any provision of the Code shall include reference to any
successor provision of the Code. 

 

	(d)	 	Eligible Individuals. For purposes of the Plan, the term “Eligible Individual” means any employee of the Company or a Subsidiary, and any
consultant, director, or other person providing services to the Company or a Subsidiary; provided, however, that an incentive stock option may only be granted to an employee of the Company or a Subsidiary. An Award may be granted to an employee, in
connection with hiring, retention or otherwise, prior to the date the employee first performs services for the Company or the Subsidiaries, provided that such Awards shall not become vested prior to the date the employee first performs such
services. 

 

	(e)	 	Fair Market Value. The “Fair Market Value” of a share of Stock as of any date shall be determined in good faith by the Committee.

 

	(f)	 	Subsidiary. The term “Subsidiary” means any company during any period in which it is a “subsidiary corporation” (as that term is defined
in Code section 424(f)) with respect to the Company. 

 

	(g)	 	Stock. The term “Stock” means shares of common stock of the Company. 

 

10exv10w13xay

 

Exhibit 10.13(a)

Amendment to Second Amended and Restated
1998 Stock Option Plan

Manugistics Group, Inc.

Effective: March 1, 2003

FURTHER RESOLVED, That, consistent with the intent of the foregoing, Sections
6(g)(i) and (iii) of the 1998 Second Amended and Restated Stock Option Plan of
the Company are hereby amended and restated as follows:

     (i)  On the date of the Annual Meeting of Shareholders, each director who
is not an employee of the Company shall receive a Non-Qualified Stock Option to
purchase shares of the Common Stock at a price per share as determined in
Section 6(c) above in the following amount: 10,000 shares commencing on the
date of the first Annual Meeting to occur after the director is initially
elected or appointed to the Board and 10,000 shares on the date of each Annual
Meeting thereafter, so long as the director remains a member of the Board.
Each Non-Qualified Stock Option received by a director pursuant to this Section
6(g)(i) shall vest quarterly on a calendar year basis over a five year period
and therefore become exercisable in 20 equal quarterly installments on the last
day of each calendar quarter commencing with the last day of the first calendar
quarter after the date the Non-Qualified Stock Option is granted. Any director
leaving the Board prior to the quarterly vesting date of the Non-Qualified
Stock Option grant shall forfeit the unvested portion of any such Non-Qualified
Stock Option grant, unless the exception contained in Section 6(g)(v) applies.

     (iii)  Each director who is newly elected or appointed to the Board
following March 1, 2003 and who is not an employee of the Company shall receive
on the date of appointment/election a Non-Qualified Stock Option to purchase
shares of the Common Stock at a price per share as determined in Section 6(c)
above in the following amount: 35,000 shares, pro-rated as follows. Any
director who is elected or appointed to the Board at any time other than an
Annual Meeting will receive a percentage of this grant on the date of his or
her election based on the number of fiscal quarters ending from the date of
appointment or election until the next Annual Meeting of Shareholders. Each
Non-Qualified Stock Option received by a director pursuant to this Section
6(g)(iii) shall vest and become exercisable in 20 equal quarterly installments
on the same date as the date of grant, provided that if the date of grant is
the last day of a month, the option shall vest on the last day of the month of
such quarterly period, whether or not the same date as the date of grant. Any
director leaving the Board prior to the quarterly vesting date of the
Non-Qualified Stock Option grant shall forfeit the unvested portion of any such
Non-Qualified Stock Option grant, unless the exception contained in Section
6(g)(v) applies.

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