Coach 2015 Annual Report Download - page 164

Download and view the complete annual report

Please find page 164 of the 2015 Coach annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 178

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178

5. Exercise. This Option may be exercised in whole or in part for the number of Option Shares specified (which in all cases
must be at least the lesser of two-hundred and fifty (250) or the total number of shares outstanding under this Option) in a verbal notice
that is delivered to the Company or its designated agent and is accompanied by full payment of the Exercise Price for such number of
specified Option Shares in cash. Subject to Section 1 above, this Option will be considered exercised on the date on which (a) your
verbal notice of exercise and your payment of the Exercise price, have both been received by the Company and (b) any condition to
exercise, as described herein, has be satisfied.
6. Rights as a Stockholder. You will have no right as a stockholder with respect to any Option Shares until and unless
ownership of such Option Shares has been transferred to you.
7. Options Not Transferable. This Option will not be assignable or transferable by you, other than by a qualified domestic
relations order or by will or by the laws of descent and distribution, and will be exercisable during your lifetime only by you (or your
legal guardian or personal representative). If this Option remains exercisable after your death, subject to paragraphs 1, 5, and 6 above,
it may be exercised by the personal representative of your estate or by any person who acquires the right to exercise such Option by
bequest, inheritance or otherwise by reason of your death.
8. Transferability of Option Shares. Option Shares generally are freely tradeable in the United States. However, you may
not offer, sell or otherwise dispose of any Option Shares in a way which would: (i) require the Company to file any registration
statement with the Securities and Exchange Commission (or any similar filing under state law or the laws of any other country) or to
amend or supplement any such filing or (ii) violate or cause the Company to violate the Securities Act of 1933, as amended, the rules
and regulations promulgated thereunder, any other state or federal law, or the laws of any other country. The Company reserves the
right to place restrictions required by law on Common Stock received by you pursuant to this Option.
9. Conformity with the Plan. This Option is intended to conform in all respects with, and is subject to applicable provisions
of, the Plan. Inconsistencies between this Agreement and the Plan shall be resolved in accordance with the terms of the Plan. By your
acceptance of this Agreement, you agree to be bound by all of the terms of this Agreement and the Plan.
10. Miscellaneous.
(a) Amendment or Modifications. The grant of this Option is documented by the minutes of the Board, which
records are the final determinant of the number of shares granted and the conditions of this grant. The Board may amend or
modify this Option in any manner to the extent that the Board would have had the authority under the Plan initially to grant
such Option, provided that no such amendment or modification shall directly or indirectly impair or otherwise adversely affect
your rights under this Agreement without your consent. Except as in accordance with the two immediately preceding
sentences, this Agreement may be amended, modified or supplemented only by an instrument in writing signed by both parties
hereto.
-2-