SEC Contract Filing

Filing Date: 2016-02-12

Document Content:
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<TYPE>EX-10.E(I)
<SEQUENCE>12
<FILENAME>a2227221zex-10_ei.htm
<DESCRIPTION>EX-10.E(I)
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;10.e(i)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[Date]</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&lt;Name&gt;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&lt;Address1&gt;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&lt;Address2&gt;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&lt;Address3&gt;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&lt;Address4.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dear &lt;Salutation&gt;:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On behalf of the Company,&nbsp;I am pleased to inform you that on [date], the Board of Directors granted you a non-qualified stock option pursuant to the Company&#146;s 1997 Non-Employee Directors Stock Plan (the &#147;Plan&#148;), subject to the conditions set forth below and in the Appendix attached hereto.&#160; This letter and the attached Appendix (the &#147;Agreement&#148;) state the terms of the option and contain other provisions which on your acceptance commit the Company and you, so I urge you to read them carefully.&#160; You should also read the Plan and Prospectus dated [date] , covering the shares which are the subject of this option.&#160; Enclosed are copies of these documents as well as our latest annual report to stockholders and proxy statement to the extent our records indicate you may not have previously received them.&#160; Copies are also available upon request to the Company.&#160; We also suggest that you review the federal income tax attributes of non-qualified stock options which are discussed in the Prospectus.&#160; This option does not qualify for the federal tax benefits of an &#147;incentive stock option&#148; under the Internal Revenue Code, as described in the Prospectus.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This option, if accepted by you, grants you the right to purchase [no. of shares] shares of the Company&#146;s $1.00 par value Common Stock at a price of [$&nbsp;&nbsp;&nbsp;&nbsp;] per share, which the Board has determined is the fair market value of a share of the Company&#146;s Common Stock on the date of grant as reflected by trades reported on the New York Stock Exchange.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">When the Option is Exercisable and Termination</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This option is exercisable cumulatively in installments of 20% commencing as of [date], 20% as of [date], 20% as of [date], 20% as of [date] and 20% as of [date]; provided that on each date of exercise you qualify under the provisions of the Plan, including Section&nbsp;6, to exercise such option.&#160; All installments of the option as above described must be exercised no later than [date]; all unexercised installments or portions thereof shall lapse and the right to purchase shares pursuant to this option shall be of no further effect after such date.&#160; If your term as an Eligible Director, as defined in the Plan, is terminated for any reason, the option shall terminate, continue to vest or become immediately vested, and shall be exercisable, in accordance with Section&nbsp;6 of the Plan.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As provided in the Plan, if at any time you engage in an activity following your termination of service which in the sole judgment of the Board of Directors is detrimental to the interests of the Company, a subsidiary or an affiliated company, all unexercised installments or portions of the option will be forfeited to the Company.&#160; You acknowledge that such activity includes, but is not limited to, engaging in &#147;Business Activities&#148; (as defined in the Appendix) for purposes of this option and for purposes of all other outstanding awards of restricted stock and options that are subject to comparable forfeiture procedures.</font></p>
<p style="margin:0in 0in .0001pt;"><f