EX-10.5
from SC 13D
6 pages
We Are Pleased to Inform You That, Effective on the Date Hereof, Vector Group Ltd. (The "Company") Has Granted You a Nonqualified Option (The "Option") to Purchase 250,000 Shares of the Company's Common Stock, Par Value $.10 Per Share (The "Common Stock"), at a Purchase Price of $19.64 Per Share, Subject to Adjustment, Pursuant to the Company's 2014 Management Incentive Plan, as May Be and Is in Effect and as Amended From Time to Time (The "Plan"). Any of the Underlying Shares of Common Stock to Be Issued Upon Exercise of the Option Are Referred to Hereinafter as the "Shares." This Agreement Is Conditioned Upon the Approval of the Plan by the Company's Stockholders and Is Subject in All Respects to the Terms and Provisions of the Plan, All of Which Terms and Provisions Are Made a Part of and Incorporated in This Agreement as if They Were Each Expressly Set Forth Herein. in the Event of Any Conflict Between the Terms of This Agreement and the Terms of the Plan, the Terms of the Plan Shall Control
12/34/56
