SEC Filings

10-12G
AMSURG CORP filed this Form 10-12G on 03/11/1997
Entire Document
 
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         or by the laws of descent and distribution.  No Incentive Stock Option
         shall be transferable by the optionee otherwise than by will or by the
         laws of descent and distribution and all Incentive Stock Options shall
         be exercisable, during the optionee's lifetime, only by the optionee.

                 (f)          Bonus for Taxes.  In the case of a Non-Qualified
         Stock Option or an optionee who elects to make a disqualifying
         disposition (as defined in Section 422(a)(1) of the Code) of Common
         Stock acquired pursuant to the exercise of an Incentive Stock Option,
         the Committee in its discretion may award at the time of grant or
         thereafter the right to receive upon exercise of such Stock Option a
         cash bonus calculated to pay part or all of the federal and state, if
         any, income tax incurred by the optionee upon such exercise.

                 (g)          Termination by Death.  Subject to Section 5(k),
         if an optionee's employment by the Corporation and any Subsidiary or
         (except in the case of an Incentive Stock Option) Affiliate terminates
         by reason of death, any Stock Option held by such optionee may
         thereafter be exercised, to the extent such option was exercisable at
         the time of death or (except in the case of an Incentive Stock Option)
         on such accelerated basis as the Committee may determine at or after
         grant (or except in the case of an Incentive Stock Option, as may be
         determined in accordance with procedures established by the Committee)
         by the legal representative of the estate or by the legatee of the
         optionee under the will of the optionee, for a period of one year (or
         such other period as the Committee may specify at or after grant) from
         the date of such death or until the expiration of the stated term of
         such Stock Option, whichever period is the shorter.

                 (h)          Termination by Reason of Disability.  Subject to
         Section 5(k), if an optionee's employment by the Corporation and any
         Subsidiary or (except in the case of an Incentive Stock Option)
         Affiliate terminates by reason of Disability, any Stock Option held by
         such optionee may thereafter be exercised by the optionee, to the
         extent it was exercisable at the time of termination or (except in the
         case of an Incentive Stock Option) on such accelerated basis as the
         Committee may determine at or after grant (or, except in the case of
         an Incentive Stock Option, as may be determined in accordance with
         procedures established by the Committee), for a period of (i) three
         years (or such other period as the Committee may specify at or after
         grant) from the date of such termination of employment or until the
         expiration of the stated term of such Stock Option, whichever period
         is the shorter, in the case of a Non-Qualified Stock Option and (ii)
         one year from the date of termination of employment or until the
         expiration of the stated term of such Stock Option, whichever period
         is shorter, in the case of an Incentive Stock Option; provided
         however, that, if the optionee dies within the period specified in (i)
         above (or other such period as the committee shall specify at or after
         grant), any unexercised Non-Qualified Stock Option held by such
         optionee shall thereafter be exercisable to the extent to which it was
         exercisable at the time of death for a period of twelve months from
         the date of such death or until the expiration of the stated term of
         such Stock Option, whichever period is shorter.  In the event of
         termination of employment by reason of Disability, if an Incentive
         Stock Option is exercised after the





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