SEC Contract Filing

Filing Date: 2021-03-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.36
<SEQUENCE>7
<FILENAME>a2020-12x31ex1036.htm
<DESCRIPTION>EXHIBIT 10.36
<TEXT>
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<title>Document</title></head><body><div id="i5992c6eaf71c4ab5b65923210531d281_32"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Exhibit 10.36</font></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">EMPLOYEE STOCK OPTION AGREEMENT</font></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">THIS EMPLOYEE STOCK OPTION AGREEMENT, hereinafter referred to as the &#8220;Option&#8221; or the &#8220;Agreement,&#8221; is made effective as of ______________ (the &#8220;Date of Grant&#8221;), between American Equity Investment Life Holding Company (the &#8220;Company&#8221;) and ______________ (the &#8220;Optionee&#8221;).</font></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company hereby grants an option of _______ shares of common stock of the Company, $1.00 par value per share (&#8220;Stock&#8221;), to the Optionee at the price and in all respects subject to the terms, definitions and provisions of this Agreement, and the Amended and Restated Equity Incentive Plan, adopted by the Company effective June 4, 2020 (the &#8220;Plan&#8221;), the terms and definitions of which are incorporated herein, unless the context implies otherwise.</font></div><div style="margin-bottom:9pt;margin-top:9pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%;padding-left:11.25pt">Option Price</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The option price is _______ for each share, the price being at least 100% of the fair market value of a share of the Stock on the date of the grant of this Option.</font></div><div style="margin-bottom:9pt;margin-top:9pt;padding-left:54pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%;padding-left:11.25pt">Exercise of Option and Vesting Schedule</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">This Option is granted for a ten</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(10) year term and, therefore, may not be exercised after the expiration of ten (10) years from the date that it is granted. This Option shall become exercisable at any time subject to the terms of this Agreement and applicable law.</font></div><div style="margin-bottom:9pt;margin-top:9pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;padding-left:8.03pt">Vesting Schedule</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">. This Option may be exercised in accordance with the following schedule&#58; ______% of the Stock subject to the option shall vest _______________ after the Date of Grant, and ______% of the Stock subject to the option shall vest each _______________ thereafter. There shall be no proportionate or partial vesting in the period prior to each vesting date, and all vesting shall occur only on the appropriate vesting date. Should the Optionee be terminated (except for death or disability), then Optionee will forfeit all rights under this Agreement.</font></div><div style="margin-bottom:9pt;margin-top:9pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%;padding-left:7.52pt">Right to Exercise</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">. This Option shall be exercisable during the term of the Option, by the Optionee&#58;</font></div><div style="margin-bottom:9pt;margin-top:9pt;padding-left:90pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-ser