Document:

EXHIBIT 10.3

Exhibit 10.3

	 	 	 
	 

	 	Non-Executives
	 

	 	Option No.: ___

AMERICAN COMMERCIAL LINES INC.

2008 OMNIBUS INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION AGREEMENT

American Commercial Lines Inc., a Delaware corporation (the “Company”), hereby grants an option to
purchase shares of its common stock, $.01 par value, (the “Stock”) to the optionee named below.
The terms and conditions of the option are set forth in this cover sheet and in the attachment
(collectively, the “Agreement”), and in the Company’s 2008 Omnibus Incentive Plan (the “Plan”).

Grant Date:                     , 200                    

Name of Optionee:                                                                                 

Optionee’s Employee Identification Number:                     -                    -                    

Number of Shares Covered by Option:                                         

Option Price per Share: $                    .                    

Vesting Start Date:                                         , 200                    

Vesting Schedule

     In the event that the Schedule set forth below would result in vesting of a fractional number
of options, the number of options that will vest will be rounded down to the nearest whole share,
and the last scheduled vesting tranche will be rounded up, to the extent necessary, so that the
full number of options will have vested.

	 	 	 
	Vesting Date

	 	Number of options that vest,  

as a percentage of the 
number of options granted

<<<VESTING DETAIL TO BE INSERTED AS APPLICABLE>>>>

	 	 	 	 	 	 	 
	Company:
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	(Signature)	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 

	 	 

 

 

Attachment

This is not a stock certificate or a negotiable instrument. In the event any provision of this
Agreement should appear to be inconsistent with the terms of the Plan, the Plan document will
control.

2

 

AMERICAN COMMERCIAL LINES INC.

2008 OMNIBUS INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION AGREEMENT

	 	 	 
	Non-Qualified Stock Option

	 	This option is not intended to be an
incentive stock option under Section
422 of the Internal Revenue Code and
will be interpreted accordingly.
	 
	 	 
	Vesting

	 	This option is only exercisable
before it expires and then only with
respect to the vested portion of the
option. Subject to the preceding
sentence, you may exercise this
option, in whole or in part, to
purchase a whole number of vested
shares by following the procedures
set forth in the Plan and below in
this Agreement.
	 
	 	 
	 

	 	Except as may be provided in this
Agreement or other agreements
between you and the Company, no
additional shares of Stock will vest
after your Service has terminated
for any reason.
	 
	 	 
	Term

	 	Your option will expire in any event
at the close of business at Company
headquarters on the day before the
10th anniversary of the Grant Date,
as shown on the cover sheet. Your
option will expire earlier if your
Service terminates, as described
below.
	 
	 	 
	Regular Termination

	 	If your Service terminates for any
reason, other than death, Disability
or Cause, then your option will
expire at the close of business at
Company headquarters on the 90th day
after your termination date.
	 
	 	 
	Termination for 

Cause

	 	If your Service is terminated for
Cause, then you shall immediately
forfeit all rights to your option
and the option shall immediately
expire.
	 
	 	 
	Death

	 	If your Service terminates because
of your death, your option will
automatically be fully vested and
will expire at the close of business
at Company headquarters on the date
twelve (12) months after the date of
death. During that twelve month
period, your estate or heirs may
exercise the vested portion of your
option.
	 
	 	 
	 

	 	In addition, if you die during the
90-day period described in
connection with a regular
termination (i.e., a termination of
your Service not on account of your
death, Disability or Cause), and a
vested portion of your option has
not yet been exercised, then your
option will instead expire on the
date twelve (12) months after your
termination date. In such a case,
during the period following your
death up to the date twelve (12)
months after your termination date,
your estate or heirs may exercise
the vested portion of your option.

3

 

	 	 	 
	Disability

	 	If your Service terminates because
of your Disability, then your option
will automatically be fully vested
and will expire at the close of
business at Company headquarters on
the date twelve (12) months after
your termination date.
	 
	 	 
	Leaves of Absence

	 	For purposes of this option, your
Service does not terminate when you
go on a bona fide employee leave of
absence that was approved by the
Company in writing, if the terms of
the leave provide for continued
Service crediting, or when continued
Service crediting is required by
applicable law. However, your
Service will be treated as
terminating 90 days after you went
on employee leave, unless your right
to return to active work is
guaranteed by law or by a contract.
Your Service terminates in any event
when the approved leave ends unless
you immediately return to active
employee work.
	 
	 	 
	 

	 	The Company determines, in its sole
discretion, which leaves count for
this purpose, and when your Service
terminates for all purposes under
the Plan.
	 
	 	 
	Notice of Exercise

	 	When you wish to exercise this
option, you must notify the Company
or its designated agent by filing
the proper “Notice of Exercise” form
at the address given on the form.
Your notice must specify how many
shares you wish to purchase. Your
notice must also specify how your
shares of Stock should be registered
(in your name only or in your and
your spouse’s names as joint tenants
with right of survivorship). The
notice will be effective when it is
received by the Company.
	 
	 	 
	 

	 	If someone else wants to exercise
this option after your death, that
person must prove to the Company’s
satisfaction that he or she is
entitled to do so.
	 
	 	 
	Form of Payment

	 	When you submit your notice of
exercise, you must include payment
of the option price for the shares
you are purchasing. Payment may be
made in one (or a combination) of
the following forms:
	 
	 	 
	 

	 	• Cash, your personal check, a
cashier’s check, a money order or
another cash equivalent acceptable
to the Company.
	 
	 	 
	 

	 	• Shares of Stock withheld by
the Company from the shares of Stock
otherwise to be received, with such
withheld shares having an aggregate
Fair Market Value on the date of
exercise equal to the aggregate
option price.
	 
	 	 
	 

	 	• Shares of Stock which have
already been owned by you and which
are surrendered to the Company. The
Fair Market Value of
the shares,
determined as of the effective date
of the option exercise, will be
applied to the option price.

4

 

	 	 	 
	 

	 	• By delivery (on a form
prescribed by the Company) of an
irrevocable direction to a licensed
securities broker acceptable to the
Company to sell Stock and to deliver
all or part of the sale proceeds to
the Company in payment of the
aggregate option price and any
withholding taxes.
	 
	 	 
	Withholding Taxes

	 	You will not be allowed to exercise
this option unless you make
acceptable arrangements to pay any
withholding or other taxes that may
be due as a result of the option
exercise or sale of Stock acquired
under this option. Any of the
methods described under “Form of
Payment” will be considered
acceptable arrangements for paying
such taxes.
	 
	 	 
	Transfer of Option

	 	During your lifetime, only you (or,
in the event of your legal
incapacity or incompetency, your
guardian or legal representative)
may exercise the option. You cannot
transfer or assign this option. For
instance, you may not sell this
option or use it as security for a
loan. If you attempt to do any of
these things, this option will
immediately become invalid. You
may, however, dispose of this option
in your will or it may be
transferred upon your death by the
laws of descent and distribution.
	 
	 	 
	 

	 	Regardless of any marital property
settlement agreement, the Company is
not obligated to honor a notice of
exercise from your spouse, nor is
the Company obligated to recognize
your spouse’s interest in your
option in any other way.
	 
	 	 
	Limitations, Retention Rights

	 	The terms and conditions of this
Agreement and your rights in
connection with any shares of Stock
received upon your exercise of the
option are subject to the Company’s
Executive Officer Stock Ownership
Guidelines.
	 
	 	 
	 

	 	Neither your option nor this
Agreement give you the right to be
retained by the Company (or any
Parent, Subsidiaries or Affiliates)
in any capacity. The Company (and
any Parent, Subsidiaries or
Affiliates) reserves the right to
terminate your Service at any time
and for any reason.
	 
	 	 
	Shareholder Rights

	 	You, or your estate or heirs, have
no rights as a shareholder of the
Company until a certificate for your
option’s shares has been issued (or
an appropriate book entry has been
made). No adjustments are made for
dividends or other rights if the
applicable record date occurs before
your stock certificate is issued (or
an appropriate book entry has been
made), except as described in the
Plan.

5

 

	 	 	 
	Forfeiture of Rights

	 	If you should take actions in
competition with the Company, the
Company shall have the right to
cause a forfeiture of your rights,
including, but not limited to, the
right to cause: (i) a forfeiture of
any outstanding option, and
(ii) with respect to the period
commencing twelve (12) months prior
to your termination of Service with
the Company and ending twelve (12)
months following such termination of
Service (A) a forfeiture of any gain
recognized by you upon the exercise
of an option or (B) a forfeiture of
any Stock acquired by you upon the
exercise of an option (but the
Company will pay you the option
price without interest). Unless
otherwise specified in an employment
or other agreement between the
Company and you, you take actions in
competition with the Company if you
directly or indirectly, own, manage,
operate, join or control, or
participate in the ownership,
management, operation or control of,
or are a proprietor, director,
officer, stockholder, member,
partner or an employee or agent of,
or a consultant to any business,
firm, corporation, partnership or
other entity which competes with any
business in which the Company or any
of its Affiliates is engaged during
your employment or other
relationship with the Company or its
Affiliates or at the time of your
termination of Service. Under the
prior sentence, ownership of less
than 1% of the securities of a
public company shall not be treated
as an action in competition with the
Company.
	 
	 	 
	 

	 	Further, if it is ever determined by
the Board, as recommended by the
Audit Committee of the Company, that
your actions have constituted
wrongdoing that contributed to any
material misstatement or omission
from any report or statement filed
by the Company with the U.S.
Securities and Exchange Commission,
gross misconduct, breach of
fiduciary duty to the Company, or
fraud, then your option shall be
immediately forfeited and thereupon
your option shall be cancelled;
provided, however, that if you have
exercised your option within two
years prior to the Board
determination, you shall be required
to pay to the Company an amount
equal to the difference between the
aggregate value of the shares of
Stock acquired upon such exercise of
the option at the date of the Board
determination and the aggregate
exercise price paid by you. In
addition, your option and gains
resulting from the exercise of the
option, shall be subject to
forfeiture in accordance with the
Company’s standard policies relating
to such forfeitures and clawbacks,
as such policies are in effect at
the time of grant of the option.

6

 

	 	 	 
	Adjustments

	 	In the event of a stock split, a
stock dividend or a similar change
in the Stock, the number of shares
covered by this option and the
option price per share shall be
adjusted (and rounded down to the
nearest whole number) if required
pursuant to the Plan. Your option
shall be subject to the terms of the
agreement of merger, liquidation or
reorganization in the event the
Company is subject to such corporate
activity.
	 
	 	 
	Applicable Law

	 	This Agreement will be interpreted
and enforced under the laws of the
State of Delaware, other than any
conflicts or choice of law rule or
principle that might otherwise refer
construction or interpretation of
this Agreement to the substantive
law of another jurisdiction.
	 
	 	 
	The Plan

	 	The text of the Plan is incorporated
in this Agreement by reference.
Certain capitalized terms used in
this Agreement are defined in the
Plan, and have the meaning set forth
in the Plan.
	 
	 	 
	 

	 	This Agreement and the Plan
constitute the entire understanding
between you and the Company
regarding this option. Any prior
agreements, commitments or
negotiations concerning this option
are superseded.
	 
	 	 
	Data Privacy

	 	In order to administer the Plan, the
Company may process personal data
about you. Such data includes but
is not limited to the information
provided in this Agreement and any
changes thereto, other appropriate
personal and financial data about
you such as home address and
business addresses and other contact
information, payroll information and
any other information that might be
deemed appropriate by the Company to
facilitate the administration of the
Plan.
	 
	 	 
	 

	 	By accepting this option, you give
explicit consent to the Company to
process any such personal data. You
also give explicit consent to the
Company to transfer any such
personal data outside the country in
which you work or are employed,
including, with respect to non-U.S.
resident Optionees, to the United
States, to transferees who shall
include the Company and other
persons who are designated by the
Company to administer the Plan.
	 
	 	 
	Consent to Electronic Delivery

	 	The Company may choose to deliver
certain statutory materials relating
to the Plan in electronic form. By
accepting this option grant you
agree that the Company may deliver
the Plan prospectus and the
Company’s annual report to you in an
electronic format. If at any time
you would prefer to receive paper
copies of these documents, as you
are entitled to, the Company would
be pleased to provide copies.
Please contact the Plan’s
recordkeeper, Merrill Lynch, at
888-888-8888 to request paper copies
of these documents.

7EXHIBIT 10.4

Exhibit 10.4

	 	 	 
	 

	 	Executives
	 

	 	Option No.:                     

AMERICAN COMMERCIAL LINES INC.

2008 OMNIBUS INCENTIVE PLAN

INCENTIVE STOCK OPTION AGREEMENT

American Commercial Lines Inc., a Delaware corporation (the “Company”), hereby grants an option to
purchase shares of its common stock, $.01 par value, (the “Stock”) to the optionee named below.
The terms and conditions of the option are set forth in this cover sheet and the attachment
(collectively, the “Agreement”), and in the Company’s 2008 Omnibus Incentive Plan (the “Plan”).

Grant Date:                                         , 200                    

Name of Optionee:                                                                                                     

Optionee’s Employee Identification Number:                     -                    -                    

Number of Shares Covered by Option:                                         

Option Price per Share: $                    .                    

Vesting Start Date:                                         , 200                    

Vesting Schedule

     In the event that the Schedule set forth below would result in vesting of a fractional number
of options, the number of options that will vest will be rounded down to the nearest whole share,
and the last scheduled vesting tranche will be rounded up, to the extent necessary, so that the
full number of options will have vested.

	 	 	 
	Vesting Date

	 	Number of options that vest, as a percentage of the number of options granted

<<<VESTING DETAIL TO BE INSERTED AS APPLICABLE>>>>

	 	 	 	 	 	 	 
	Company:
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	(Signature)	 	 
	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 

	 	 

 

 

Attachment

     This is not a stock certificate or a negotiable instrument. In the event any provision of this
Agreement should appear to be inconsistent with the terms of the Plan, the Plan document will
control.

2

 

AMERICAN COMMERCIAL LINES INC.

2008 OMNIBUS INCENTIVE PLAN

INCENTIVE STOCK OPTION AGREEMENT

	 	 	 
	Incentive Stock Option

	 	This option is intended to be an
incentive stock option under
Section 422 of the Internal Revenue
Code and will be interpreted
accordingly. If you cease to be an
employee of the Company, its parent
or a subsidiary (“Employee”) but
continue to provide Service, this
option will be deemed a
nonstatutory stock option three
months after you cease to be an
Employee. In addition, to the
extent that all or part of this
option exceeds the $100,000 rule of
section 422(d) of the Internal
Revenue Code, this option or the
lesser excess part will be deemed
to be a nonstatutory stock option.
	 
	 	 
	Vesting

	 	This option is only exercisable
before it expires and then only
with respect to the vested portion
of the option. Subject to the
preceding sentence, you may
exercise this option, in whole or
in part, to purchase a whole number
of vested shares by following the
procedures set forth in the Plan
and below in this Agreement.
	 
	 	 
	 

	 	Except as specifically provided in
this Agreement or as may be
provided in other agreements
between you and the Company, no
additional shares of Stock will
vest after your Service has
terminated for any reason.
	 
	 	 
	Term

	 	Your option will expire in any
event at the close of business at
Company headquarters on the day
before the 10th anniversary of the
Grant Date, as shown on the cover
sheet. Your option will expire
earlier if your Service terminates,
as described below.
	 
	 	 
	Regular Termination

	 	If your Service terminates for any
reason, other than death,
Disability or Cause, then your
option will expire at the close of
business at Company headquarters on
the 90th day after your termination
date.
	 
	 	 
	Termination for 

Cause

	 	If your Service is terminated for
Cause, then you shall immediately
forfeit all rights to your option
and the option shall immediately
expire.
	 
	 	 
	Death

	 	If your Service terminates because
of your death, your option will
automatically be fully vested and
your option will expire at the
close of business at Company
headquarters on the date twelve
(12) months after the date of
death. During that twelve month
period, your estate or heirs may
exercise the vested portion of your
option.
	 
	 	 
	 

	 	In addition, if you die during the
90-day period described in
connection with a regular
termination (i.e., a termination of
your Service not on account of your
death, Disability or Cause), and a
vested portion of

3

 

	 	 	 
	 

	 	your option has
not yet been exercised, then your
option will instead expire on the
date twelve (12) months after your
termination date. In such a case,
during the period following your
death up to the date twelve (12)
months after your termination date,
your estate or heirs may exercise
the vested portion of your option.
	 
	 	 
	Disability

	 	If your Service terminates because
of your Disability, then your
option your option will
automatically be fully vested and
your option will expire at the
close of business at Company
headquarters on the date twelve
(12) months after your termination
date.
	 
	 	 
	Termination without Cause or for Good 

Reason following a Corporate 

Transaction

	 	If your Service is terminated by
the Company without Cause or by you
for Good Reason, in either case
within one year following a
Corporate Transaction, then your
option will automatically be fully
vested and your option will expire
at the close of business at Company
headquarters on the 90th day after
your termination date. For
purposes of this Agreement, “Good
Reason” shall have the meaning set
forth in the employment agreement,
if any, between you and the Company
or, if no such employment agreement
exists, such term shall mean your
resignation from employment with
the Company following the
occurrence of either or both of the
events set forth in clauses (A) and
(B) below without your prior
written consent, provided that, in
connection with either or both
events, (1) you deliver written
notice to the Company of your
intention to resign from employment
due to either or both of such
events within ninety (90) days of
the event, which notice specifies
in reasonable detail the
circumstances claimed to provide
the basis for such resignation, and
(2) such event or events are not
cured by the Company within thirty
(30) days following delivery of
such written notice:

     (A) a material reduction in your
annual rate of base salary; or

     (B) any removal by the Company of
you from your position or the
assignment to you of duties and
responsibilities materially
inconsistent and adverse with your
position, except in connection with
termination of your employment for
Cause or disability.
	 
	 	 
	Leaves of Absence

	 	For purposes of this option, your
Service does not terminate when you
go on a bona fide employee leave of
absence that was approved by the
Company in writing, if the terms of
the leave provide for continued
Service crediting, or when
continued Service crediting is
required by applicable law.
However, your Service will be
treated as terminating 90 days
after you went on employee leave,
unless your right to return to
active work is guaranteed by law or
by a contract. Your Service
terminates in any event when the
approved leave ends unless you
immediately return to active
employee work.

4

 

	 	 	 
	 

	 	The Company determines, in its sole
discretion, which leaves count for
this purpose, and when your Service
terminates for all purposes under
the Plan.
	 
	 	 
	Notice of Exercise

	 	When you wish to exercise this
option, you must notify the Company
or its designated agent by filing
the proper “Notice of Exercise”
form at the address given on the
form. Your notice must specify how
many shares you wish to purchase.
Your notice must also specify how
your shares of Stock should be
registered (in your name only or in
your and your spouse’s names as
joint tenants with right of
survivorship). The notice will be
effective when it is received by
the Company.
	 
	 	 
	 

	 	If someone else wants to exercise
this option after your death, that
person must prove to the Company’s
satisfaction that he or she is
entitled to do so.
	 
	 	 
	Form of Payment

	 	When you submit your notice of
exercise, you must include payment
of the option price for the shares
you are purchasing. Payment may be
made in one (or a combination) of
the following forms:
	 
	 	 
	 

	 	• Cash, your personal check,
a cashier’s check, a money order or
another cash equivalent acceptable
to the Company.
	 
	 	 
	 

	 	• Shares of Stock withheld by
the Company from the shares of
Stock otherwise to be received,
with such withheld shares having an
aggregate Fair Market Value on the
date of exercise equal to the
aggregate option price.
	 
	 	 
	 

	 	• Shares of Stock which have
already been owned by you and which
are surrendered to the Company. The
Fair Market Value of the shares,
determined as of the effective date
of the option exercise, will be
applied to the option price.
	 
	 

	 	• By delivery (on a form
prescribed by the Company) of an
irrevocable direction to a licensed
securities broker acceptable to the
Company to sell Stock and to
deliver all or part of the sale
proceeds to the Company in payment
of the aggregate option price and
any withholding taxes.
	 
	 	 
	Withholding Taxes

	 	You will not be allowed to exercise
this option unless you make
acceptable arrangements to pay any
withholding or other taxes that may
be due as a result of the option
exercise or sale of Stock acquired
under this option. Any of the
methods described under “Form of
Payment” will be considered
acceptable arrangements for paying
such taxes.

5

 

	 	 	 
	Transfer of Option

	 	During your lifetime, only you (or,
in the event of your legal
incapacity or incompetency, your
guardian or legal representative)
may exercise the option. You
cannot transfer or assign this
option. For instance, you may not
sell this option or use it as
security for a loan. If you
attempt to do any of these things,
this option will immediately become
invalid. You may, however, dispose
of this option in your will or it
may be transferred upon your death
by the laws of descent and
distribution.
	 
	 	 
	 

	 	Regardless of any marital property
settlement agreement, the Company
is not obligated to honor a notice
of exercise from your spouse, nor
is the Company obligated to
recognize your spouse’s interest in
your option in any other way.
	 
	 	 
	Limitations, Retention Rights

	 	The terms and conditions of this
Agreement and your rights in
connection with any shares of Stock
received upon your exercise of the
option are subject to the Company’s
Executive Officer Stock Ownership
Guidelines.
	 
	 	 
	 

	 	Neither your option nor this
Agreement give you the right to be
retained by the Company (or any
Parent, Subsidiaries or Affiliates)
in any capacity. The Company (and
any Parent, Subsidiaries or
Affiliates) reserves the right to
terminate your Service at any time
and for any reason.
	 
	 	 
	Shareholder Rights

	 	You, or your estate or heirs, have
no rights as a shareholder of the
Company until a certificate for
your option’s shares has been
issued (or an appropriate book
entry has been made). No
adjustments are made for dividends
or other rights if the applicable
record date occurs before your
stock certificate is issued (or an
appropriate book entry has been
made), except as described in the
Plan.
	 
	 	 
	Forfeiture of Rights

	 	If you should take actions in
competition with the Company, the
Company shall have the right to
cause a forfeiture of your rights,
including, but not limited to, the
right to cause: (i) a forfeiture of
any outstanding option, and
(ii) with respect to the period
commencing twelve (12) months prior
to your termination of Service with
the Company and ending twelve (12)
months following such termination
of Service (A) a forfeiture of any
gain recognized by you upon the
exercise of an option or (B) a
forfeiture of any Stock acquired by
you upon the exercise of an option
(but the Company will pay you the
option price without interest).
Unless otherwise specified in an
employment or other agreement
between the Company and you, you
take actions in competition

6

 

	 	 	 
	 

	 	with
the Company if you directly or
indirectly, own, manage, operate,
join or control, or participate in
the ownership, management,
operation or control of, or are a
proprietor, director, officer,
stockholder, member, partner or an
employee or agent of, or a
consultant to any business, firm,
corporation, partnership or other
entity which competes with any
business in which the Company or
any of its Affiliates is engaged
during your employment or other
relationship with the Company or
its Affiliates or at the time of
your termination of Service. Under
the prior sentence, ownership of
less than 1% of the securities of a
public company shall not be treated
as an action in competition with
the Company.
	 
	 	 
	 

	 	Further, if it is ever determined
by the Board, as recommended by the
Audit Committee of the Company,
that your actions have constituted
wrongdoing that contributed to any
material misstatement or omission
from any report or statement filed
by the Company with the U.S.
Securities and Exchange Commission,
gross misconduct, breach of
fiduciary duty to the Company, or
fraud, then your option shall be
immediately forfeited and thereupon
your option shall be cancelled;
provided, however, that if you have
exercised your option within two
years prior to the Board
determination, you shall be
required to pay to the Company an
amount equal to the difference
between the aggregate value of the
shares of Stock acquired upon such
exercise of the option at the date
of the Board determination and the
aggregate exercise price paid by
you. In addition, your option and
gains resulting from the exercise
of the option, shall be subject to
forfeiture in accordance with the
Company’s standard policies
relating to such forfeitures and
clawbacks, as such policies are in
effect at the time of grant of the
option.
	 
	 	 
	Adjustments

	 	In the event of a stock split, a
stock dividend or a similar change
in the Stock, the number of shares
covered by this option and the
option price per share shall be
adjusted (and rounded down to the
nearest whole number) if required
pursuant to the Plan. Your option
shall be subject to the terms of
the agreement of merger,
liquidation or reorganization in
the event the Company is subject to
such corporate activity.
	 
	 	 
	Applicable Law

	 	This Agreement will be interpreted
and enforced under the laws of the
State of Delaware, other than any
conflicts or choice of law rule or
principle that might otherwise
refer construction or
interpretation of this Agreement to
the substantive law of another
jurisdiction.

7

 

	 	 	 
	The Plan

	 	The text of the Plan is
incorporated in this Agreement by
reference. Certain capitalized
terms used in this Agreement are
defined in the Plan, and have the
meaning set forth in the Plan.
	 
	 	 
	 

	 	This Agreement and the Plan
constitute the entire understanding
between you and the Company
regarding this option. Any prior
agreements, commitments or
negotiations concerning this option
are superseded.
	 
	 	 
	Data Privacy

	 	In order to administer the Plan,
the Company may process personal
data about you. Such data includes
but is not limited to the
information provided in this
Agreement and any changes thereto,
other appropriate personal and
financial data about you such as
home address and business addresses
and other contact information,
payroll information and any other
information that might be deemed
appropriate by the Company to
facilitate the administration of
the Plan.
	 
	 	 
	 

	 	By accepting this option, you give
explicit consent to the Company to
process any such personal data.
You also give explicit consent to
the Company to transfer any such
personal data outside the country
in which you work or are employed,
including, with respect to non-U.S.
resident Optionees, to the United
States, to transferees who shall
include the Company and other
persons who are designated by the
Company to administer the Plan.
	 
	 	 
	Consent to Electronic Delivery

	 	The Company may choose to deliver
certain statutory materials
relating to the Plan in electronic
form. By accepting this option
grant you agree that the Company
may deliver the Plan prospectus and
the Company’s annual report to you
in an electronic format. If at any
time you would prefer to receive
paper copies of these documents, as
you are entitled to, the Company
would be pleased to provide copies.
Please contact the Plan’s
recordkeeper, Merrill Lynch at
888-888-8888 to request paper
copies of these documents.

8

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