SEC Contract Filing

Filing Date: 2023-03-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.28
<SEQUENCE>2
<FILENAME>cwgl-12x31x2022xexx1028.htm
<DESCRIPTION>EX-10.28
<TEXT>
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<title>Document</title></head><body><div id="ib4b270f2c42e4f858350c3497bf2ec83_1"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit 10.28</font></div><div style="padding-left:143.9pt;padding-right:143.9pt;text-align:center;text-indent:0.35pt"><font><br></font></div><div style="padding-left:143.9pt;padding-right:143.9pt;text-align:center;text-indent:0.35pt"><font style="color:#0f0f0f;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CRIMSON WINE GROUP, LTD.</font></div><div style="padding-left:143.9pt;padding-right:143.9pt;text-align:center;text-indent:0.35pt"><font style="color:#0f0f0f;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">2022 OMNIBUS INCENTIVE PLAN</font></div><div style="padding-left:4.12pt;padding-right:4.12pt;text-align:center"><font style="color:#0f0f0f;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTICE OF GRANT OF NONQUALIFIED STOCK OPTIONS</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:28.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">This Nonqualified Stock Option Agreement consists of this Notice of Grant of Nonqualified Stock Options (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Grant Notice</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;) and the Nonqualified Stock Option Award Agreement immediately following. The Nonqualified Stock Option Agreement sets forth the specific terms and conditions governing Nonqualified Stock Option Awards under the Crimson Wine Group, Ltd. 2022 Omnibus Incentive Plan (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Plan</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8221;). All of the terms of the Plan are incorporated herein by reference.</font></div><div style="text-align:justify"><font><br></font></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.973%"><div style="padding-left:4.5pt;text-align:justify"><font style="color:#0f0f0f;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Name of Optionee&#58;</font></div><div style="padding-left:4.5pt;padding-right:1.45pt;text-align:justify;text-indent:-0.05pt"><font style="color:#0f0f0f;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Total No. of Shares subject to the Option&#58;</font></div><div style="padding-left:4.5pt;padding-right:19.65pt;text-align:justify;text-indent:0.4pt"><font style="color:#0f0f0f;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Date of Grant&#58; </font></div><div style="padding-left:4.5pt;padding-right:19.65pt;text-align:justify;text-indent:0.4pt"><font style="color:#0f0f0f;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Expiration Date&#58; </font></div><div style="padding-left:4.5pt;padding-right:19.65pt;text-align:justify;text-indent:0.4pt"><font style="color:#0f0f0f;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Exercise Price&#58; </font></div><div style="padding-left:4.5pt;padding-right:19.65pt;text-align:justify;text-indent:0.4pt"><font style="color:#0f0f0f;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Vesting Schedule&#58;</font></div><div style="padding-right:19.65pt;text-align:justify"><font><br></font></div></div><div style="display:inline-block;max-width:2.053%;min-width:1.053%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.974%"></div></div><div style="padding-left:0.03pt;padding-right:10.4pt;text-align:justify"><font style="color:#0f0f0f;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">BY ACCEPTING THIS NONQUALIFIED STOCK OPTION AGREEMENT (WHETHER THROUGH ELECTRONIC SIGNATURE OR OTHER MEANS), OPTIONEE ACCEPTS PARTICIPATION IN THE PLAN, ACKNOWLEDGES THAT SHE&#47;HE HAS READ AND UNDERSTANDS THE PROVISIONS OF THIS GRANT NOTICE AND THE PLAN, AND AGREES THAT THIS GRANT NOTICE, THE AWARD AGREEMENT AND THE PLAN SHALL GOVERN THE TERMS AND CONDITIONS OF THIS AWARD.</font></div><div style="padding-left:16.55pt;padding-right:10.4pt;text-align:justify;text-indent:0.55pt"><font><br></font></div><div style="padding-right:10.6pt;text-align:justify;text-indent:32.95pt"><font style="color:#0f0f0f;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">IN WITNESS WHEREOF, </font><font style="color:#0f0f0f;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">the Company has duly executed this Nonqualified Stock Option Agreement, and this Nonqualified Stock Option Agreement shall be effective as of the Date of Grant set forth above</font><font style="color:#313131;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">.</font></div><div style="padding-left:16.3pt;padding-right:10.6pt;te