2002 Stock Option — March 18, 2002 PartnerShares® stock option grant features Refer to the prospectus for the March 18, 2002 PartnerShares grant for all of the terms and conditions of that grant. If the summary information below differs from the information in the prospectus, rely on the prospectus. Capitalized terms are defined in the prospectus and may vary from those used for other PartnerShares grants.
Grant date: March 18, 2002
Expiration date. Generally occurs the earliest of the following, either:
March 18, 2012
Three months after your employment ends for reasons other than your Retirement, Disability, death, or for cause
One year after your death
Immediately upon termination for cause
Upon your termination due to Retirement or Disability, your March 18, 2002 option becomes exercisable immediately and continues to be exercisable until its expiration date or one year after your death, whichever occurs first. If your employment is terminated for cause, your option terminates immediately without notice and whether or not vested.
Retirement Definition. For purposes of options granted on or after November 3, 2000, retirement is defined as voluntary termination after reaching one of the following:
Age 55 with 10 completed years of service*
80 points (with one point credited for each completed age year and one point credited for each completed year of service*)
Age 65
Disability Definition. Means a disability that would entitle a Participant to receive a disability benefit under any long-term disability plan maintained by the Company or an Affiliate, as from time to time in effect, whether or not the Participant is then participating in such plan.
* Calculating completed years of service for stock options can be complicated. If you are planning to retire from Wells Fargo and have outstanding PartnerShares, please contact Wells Fargo Stock Plan Administration by e-mail at excomp@wellsfargo.com before you Retire to confirm the completed years of service calculated for PartnerShares purposes.
