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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/07/15 NOW Inc. 10-Q 3/31/15 67:5.8M ActiveDisclosure/FA |
Document/Exhibit Description Pages Size
1: 10-Q Quarterly Report HTML 370K
2: EX-10.11 Material Contract HTML 39K
3: EX-10.12 Material Contract HTML 36K
4: EX-10.13 Material Contract HTML 51K
5: EX-31.1 Certification -- §302 - SOA'02 HTML 25K
6: EX-31.2 Certification -- §302 - SOA'02 HTML 25K
7: EX-32.1 Certification -- §906 - SOA'02 HTML 22K
8: EX-32.2 Certification -- §906 - SOA'02 HTML 23K
46: R1 Document and Entity Information HTML 42K
36: R2 Consolidated Balance Sheets HTML 126K
44: R3 Consolidated Balance Sheets (Parenthetical) HTML 45K
48: R4 Consolidated Statements of Operations (Unaudited) HTML 68K
62: R5 Consolidated Statements of Comprehensive Income HTML 36K
(Loss) (Unaudited)
38: R6 Consolidated Statements of Cash Flows (Unaudited) HTML 111K
43: R7 Consolidated Statements of Cash Flows HTML 24K
(Parenthetical) (Unaudited)
33: R8 Organization and Basis of Presentation HTML 47K
24: R9 Property, Plant and Equipment HTML 58K
63: R10 Accrued Liabilities HTML 43K
50: R11 Credit Facility HTML 28K
49: R12 Accumulated Other Comprehensive Income (Loss) HTML 39K
54: R13 Business Segments HTML 83K
55: R14 Income Taxes HTML 29K
53: R15 Earnings (loss) Per Share ("Eps") HTML 76K
56: R16 Stock-based Compensation and Outstanding Awards HTML 102K
45: R17 Commitments and Contingencies HTML 28K
47: R18 Related Party Transactions HTML 49K
52: R19 Derivative Financial Instruments HTML 37K
67: R20 Acquisitions HTML 80K
58: R21 Organization and Basis of Presentation (Policies) HTML 63K
40: R22 Property, Plant and Equipment (Tables) HTML 57K
51: R23 Accrued Liabilities (Tables) HTML 42K
42: R24 Accumulated Other Comprehensive Income (Loss) HTML 35K
(Tables)
20: R25 Business Segments (Tables) HTML 79K
59: R26 Earnings (loss) Per Share ("Eps") (Tables) HTML 70K
64: R27 Stock-based Compensation and Outstanding Awards HTML 94K
(Tables)
29: R28 Related Party Transactions (Tables) HTML 40K
28: R29 Acquisitions (Tables) HTML 72K
31: R30 Acquisitions - Schedule of Purchase Price HTML 26K
Allocation (Parenthetical) (Detail)
32: R31 Organization and Basis of Presentation - HTML 44K
Additional Information (Detail)
34: R32 Property, Plant and Equipment - Summary of HTML 52K
Property, Plant and Equipment (Detail)
19: R33 Accrued Liabilities - Summary of Accrued HTML 39K
Liabilities (Detail)
57: R34 Credit Facility - Additional Information (Detail) HTML 59K
39: R35 Accumulated Other Comprehensive Income (Loss) - HTML 28K
Summary of Components of Accumulated Other
Comprehensive Income (Loss) (Detail)
41: R36 Business Segments - Summary of Operating Results HTML 46K
by Reportable Segment (Detail)
22: R37 Income Taxes - Additional Information (Detail) HTML 24K
66: R38 Earnings (loss) Per Share ("EPS") - Additional HTML 46K
Information (Detail)
15: R39 Earnings (loss) Per Share ("EPS") - Computation of HTML 55K
Basic and Diluted Earnings (Loss) Per Share
(Detail)
35: R40 Stock-based Compensation and Outstanding Awards - HTML 87K
Additional Information (Detail)
61: R41 Stock-based Compensation and Outstanding Awards - HTML 62K
Summary of Stock Option Activity (Detail)
21: R42 Stock-based Compensation and Outstanding Awards - HTML 56K
Summary of Status of the Nonvested Shares (Detail)
27: R43 Stock-based Compensation and Outstanding Awards - HTML 23K
Summary of Status of the Nonvested Shares
(Parenthetical) (Detail)
30: R44 Commitments and Contingencies - Additional HTML 34K
Information (Detail)
37: R45 Related Party Transactions - Additional HTML 23K
Information (Detail)
18: R46 Related Party Transactions - Reconciliations of HTML 28K
Net Contribution from NOV Included in
Stockholder's Equity and Net Contribution from NOV
per Consolidated Statements of Cash Flows (Detail)
23: R47 Derivative Financial Instruments - Additional HTML 23K
Information (Detail)
16: R48 Acquisitions - Additional Information (Detail) HTML 43K
60: R49 Acquisitions - Schedule of Purchase Price HTML 69K
Allocation (Detail)
65: XML IDEA XML File -- Filing Summary XML 96K
17: EXCEL IDEA Workbook of Financial Reports XLSX 95K
26: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 846K
9: EX-101.INS XBRL Instance -- dnow-20150331 XML 1.03M
11: EX-101.CAL XBRL Calculations -- dnow-20150331_cal XML 125K
12: EX-101.DEF XBRL Definitions -- dnow-20150331_def XML 271K
13: EX-101.LAB XBRL Labels -- dnow-20150331_lab XML 729K
14: EX-101.PRE XBRL Presentations -- dnow-20150331_pre XML 555K
10: EX-101.SCH XBRL Schema -- dnow-20150331 XSD 119K
25: ZIP XBRL Zipped Folder -- 0001564590-15-003508-xbrl Zip 95K
Exhibit 10.11
NOW INC.
LONG-TERM INCENTIVE PLAN
Nonqualified Stock Option Agreement
|
Grantee: |
_____________ |
|
Date of Grant: |
_____________ |
|
Exercise Price per Share: |
$_______ |
|
Number of Option Shares Granted: |
______________ |
1.Notice of Grant. NOW Inc. (the “Company”) is pleased to notify you that you have been granted an option (“Option”) to purchase the number of shares of Common Stock of the Company set forth above pursuant to the NOW Inc. Long-Term Incentive Plan (the “Plan”), subject to the terms and conditions of the Plan and this Agreement. This Option is not intended to be an incentive stock option within the meaning of Section 422 of the Code.
2.Vesting and Exercise of Option. Subject to the further provisions of this Agreement, the Option shall become vested and may be exercised in accordance with the following schedule, by written notice to the Company at its principal executive office addressed to the attention of its Secretary (or such other officer or employee of the Company as the Company may designate from time to time):
|
NUMBER OF FULL YEARS |
PERCENTAGE OF SHARES THAT MAY BE PURCHASED |
|
Less than 1 year |
0% |
|
1 year |
33 1/3% |
|
2 years |
66 2/3% |
|
3 years or more |
100% |
Notwithstanding the above schedule, but subject to the further provisions hereof, upon the occurrence of the following events the Option shall vest and become exercisable as provided below:
(a)Disability. If your employment with the Company terminates by reason of a disability that entitles you to benefits under the Company’s long-term disability plan, the Option may be exercised at any time during the one-year period following such termination by you or by your guardian or legal representative (or, if you die during such one-year period, by your estate or the person who acquires the Option by will or the laws of descent and distribution), but only as to the vested number of Option shares, if any, that you were entitled to exercise hereunder as of the date your employment so terminates.
(b)Death. If you die while in the employ of the Company, your estate (or the person who acquires the Option by will or the laws of descent and distribution) may exercise the Option at any time during the one-year period following the date of your death), but only as to the vested number of Option shares, if any, that you were entitled to exercise hereunder as of the date of your death.
(c)Termination for Cause. If your employment is terminated by the Company for cause, the Option automatically shall be cancelled and may not be exercised following your termination. The term “cause” means (i) your gross negligence or willful misconduct in the performance of your duties with respect to the Company or (ii) your final conviction of a felony or a misdemeanor involving moral turpitude.
(d)Other Terminations. If your employment with the Company is terminated for any reason other than as provided above, including an Involuntary Termination (as defined below), the Option, to the extent vested on the date of your termination, may be exercised, at any time during the three-month period following such termination, by you or by your guardian or legal representative (or by your estate or the person who acquires the Option by will or the laws of descent and distribution or otherwise by reason of the death of you if you die during such three-month period), but in each case only as to the vested number of Option shares, if any, that you were entitled to purchase hereunder as of the date your employment so terminates.
(e)Change of Control. The Option shall become fully vested upon your Involuntary Termination. As used in this paragraph, "Involuntary Termination" means your termination from employment with the Company on or within twelve months following a Change of Control that is either (i) initiated by the Company for reasons other than cause, or (ii) initiated by you after (a) a reduction by the Company of your authority, duties or responsibilities immediately prior to the Change of Control (excluding for this purpose (A) an insubstantial reduction of such authorities, duties or responsibilities or an insubstantial reduction of your offices, titles and reporting requirements, or (B) an isolated, insubstantial and inadvertent action not taken in bad faith and that is remedied by the Company promptly after receipt of notice thereof given by you), (b) a reduction of your base salary or total compensation as in effect immediately prior to the Change of Control (total compensation means for this purpose: base salary, participation in an annual bonus plan, and participation in a long-term
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incentive plan), or (c) your transfer, without your express written consent, to a location which is outside the general metropolitan area in which your principal place of business immediately prior to the Change of Control may be located or the Company's requiring you to travel on Company business to a substantially greater extent than required immediately prior to the Change of Control. The term “Change of Control” shall mean: (i) the Company completes the sale of assets having a gross sales price which exceeds 50% of the consolidated total capitalization of the Company (consolidated total stockholders’ equity plus consolidated total long-term debt as determined in accordance with generally accepted accounting principles) as at the end of the last full fiscal quarter prior to the date such determination is made; or (ii) any corporation, person or group within the meaning of Section 13(d)(3) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Act”), becomes the beneficial owner (within the meaning of Rule 13d-3 under the Act) of voting securities of the Company representing more than 30% of the total votes eligible to be cast at any election of directors of the Company.
For purposes of this Agreement, “employment with the Company” shall include being an employee or a director of, or a consultant to, the Company or a Subsidiary.
The provisions of any written employment or severance agreement between you and the Company concerning the vesting, exercise and/or period for exercise of Company stock options are incorporated hereby and made a part of this Agreement.
There is no minimum or maximum number of Option shares that must be purchased upon exercise of the Option. Instead, the Option may be exercised, at any time and from time to time, to purchase any number of Option shares that are then vested according to the provisions of this Agreement.
Notwithstanding any of the foregoing, the Option shall not be exercisable in any event after the expiration of 7 years from the above Date of Grant.
All Option shares that are not vested on your termination of employment as provided above shall be automatically cancelled and forfeited without payment upon your termination.
3.Method of Payment. Payment of the aggregate Exercise Price for the Shares being purchased may be by any of the following, or a combination thereof: (a) cash; (b) check acceptable to the Company; (c) consideration received by the Company under a “cashless broker” exercise program approved by the Company; (d) the constructive surrender of Shares already owned by you; or (e) with the consent of the Company (or the Committee if you are subject to Section 16(b) of the Exchange Act), withholding Shares to be acquired upon exercise of the Option.
4.Nontransferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during your lifetime only by you. The terms of the Plan and this Agreement shall be binding upon your executors, administrators, heirs, successors and assigns.
5.Entire Agreement; Governing Law. This Option is granted under and governed by the terms and conditions of the Plan and this Agreement. In the event of any conflict between
3
the Plan and this Agreement, the terms of the Plan shall control. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Agreement. The Plan is incorporated herein by reference. The Plan and this Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and you with respect to the subject matter hereof, and may not be modified adversely to your interest except by means of a writing signed by the Company and you. This Agreement is governed by the internal substantive laws, but not the choice of law rules, of the state of Texas.
6.Withholding of Tax. To the extent that the exercise of the Option results in the receipt of compensation by you with respect to which the Company or a Subsidiary has a tax withholding obligation pursuant to applicable law, unless other arrangements have been made by you that are acceptable to the Company or such Subsidiary, which, with the consent of the Company (or the Committee if you are subject to Section 16(b) of the Exchange Act), may include withholding a number of Shares that would otherwise be delivered on exercise that have an aggregate Fair Market Value that does not exceed the amount of taxes to be withheld, you shall deliver to the Company or the Subsidiary such amount of money as the Company or the Subsidiary may require to meet its withholding obligations under such applicable law. No delivery of Shares shall be made pursuant to the exercise of the Option under this Agreement until you have paid or made arrangements approved by the Company or the Subsidiary to satisfy in full the applicable tax withholding requirements of the Company or Subsidiary.
7.Forfeiture in Certain Circumstances (“Clawback”). The Committee may, at its sole discretion, terminate this Option if it determines that the recipient of the Option has engaged in material misconduct. For purposes of this Clawback provision, material misconduct includes conduct adversely affecting the Company’s financial condition, results of operations, or conduct which constitutes fraud or theft of Company assets, any of which require the Company to make a restatement of its reported financial statements. The Committee may also specify other conduct requiring the Company to make a restatement of its publicly reported financial statements as constituting material misconduct in future Option Agreements. If any material misconduct results in any error in financial information used in the determination of compensation paid to the recipient of an Option and the effect of such error is to increase the payment amount pursuant to an Option, the Committee may also require the recipient to reimburse the Company for all or a portion of such increase in compensation provided in connection with any such Option. In addition, if there is a material restatement of the Company’s financial statements that affects the financial information used to determine the compensation paid to the recipient of the Option, then the Committee may take whatever action it deems appropriate to adjust such compensation.
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| This ‘10-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 5/7/15 | 8-K | ||
| For Period end: | 3/31/15 | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/15/24 DNOW Inc. 10-K 12/31/23 116:22M Donnelley … Solutions/FA 11/02/23 NOW Inc. 10-Q 9/30/23 66:6.9M Donnelley … Solutions/FA 8/02/23 NOW Inc. 10-Q 6/30/23 65:7.3M Donnelley … Solutions/FA 5/04/23 NOW Inc. 10-Q 3/31/23 66:6.2M Donnelley … Solutions/FA 2/16/23 NOW Inc. 10-K 12/31/22 113:17M Donnelley … Solutions/FA 11/02/22 NOW Inc. 10-Q 9/30/22 59:6.4M Donnelley … Solutions/FA 8/03/22 NOW Inc. 10-Q 6/30/22 59:5.6M Donnelley … Solutions/FA 5/05/22 NOW Inc. 10-Q 3/31/22 55:4.7M Donnelley … Solutions/FA 2/17/22 NOW Inc. 10-K 12/31/21 109:15M Donnelley … Solutions/FA 11/03/21 NOW Inc. 10-Q 9/30/21 60:5.5M Donnelley … Solutions/FA 8/04/21 NOW Inc. 10-Q 6/30/21 60:7.1M ActiveDisclosure/FA 5/05/21 NOW Inc. 10-Q 3/31/21 59:6.2M ActiveDisclosure/FA 2/17/21 NOW Inc. 10-K 12/31/20 106:15M ActiveDisclosure/FA 11/04/20 NOW Inc. 10-Q 9/30/20 66:5.6M ActiveDisclosure/FA 8/05/20 NOW Inc. 10-Q 6/30/20 65:5.5M ActiveDisclosure/FA |