NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇: «Date_of_Grant» Vesting Commencement Date: «Vesting_Commmencement_Date» Exercise Price per Share: $«Exercise_Price_per_share» Total Number of Shares Granted: «Total_Shares» Total Exercise Price: $«Total_Exercise_Price» Term/Expiration Date: «Expiration_Date» Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] Vesting Schedule: [This Option is exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following schedule:] Twenty-five percent (25%) of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest one year after the Vesting Commencement Date, and 1/48th of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest on the first day of each full month thereafter, so that all of the Shares shall be vested on the first day of the forty-eighth (48th) month after the Vesting Commencement Date.
Appears in 1 contract
NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date Unless otherwise defined herein, the terms defined in the Pacific Biosciences of California, Inc. 2020 Equity Incentive Plan (the “Plan”) will have the same defined meanings in this Global Stock Option Agreement which includes the Notice of Stock Option Grant (the “Notice of Grant”), the Terms and Conditions of Stock Option Grant, attached hereto as Exhibit A, the Exercise Notice, attached hereto as Exhibit B and all other exhibits, appendices, and addenda attached hereto (together, the “Option Agreement”). The undersigned Participant has been granted an Option to purchase Common Stock of Biosciences of California, Inc. (the “Company”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇Grant Date: «Date_of_Grant» ###GRANT_DATE### Grant ID: ###EMPLOYEE_GRANT_NUMBER### Vesting Commencement Date: «Vesting_Commmencement_Date» ###GRANT_DATE### Exercise Price per Share: $«Exercise_Price_per_share» Share (in U.S. Dollars): ###GRANT_PRICE### Total Number of Shares GrantedSubject to Option: «Total_Shares» Total Exercise Price###TARGET_GRANTED_QUANTITY### Grant Type: $«Total_Exercise_Price» ###DICTIONARY_AWARD_NAME### Term/Expiration Date: «Expiration_Date» Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] ###EXPIRY_DATE### Vesting Schedule: [This ###VEST_SCHEDULE_TABLE### Subject to any acceleration provisions contained in the Plan or this Option is exercisable immediatelyAgreement or any other written agreement between Participant and the Company or any applicable Subsidiary of the Company governing the terms of this Option, this Option will be scheduled to vest and be exercisable, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement in accordance with respect to any unvested Shares. The Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following schedule:] : [Twenty-five percent (25%) of the Total Number of Shares subject Subject to Option will be scheduled to vest on the Option one (rounded down to the next whole number 1) year anniversary of Shares) shall vest one year after the Vesting Commencement Date, and 1/48th of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest on the first day of each full month thereafter, so that all of the Shares shall be vested on the first day of the one forty-eighth (48th1/48th) of the Total Number of Shares Subject to Option will be scheduled to vest each month after thereafter on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month), subject to Participant continuing to be a Service Provider through such applicable vesting dates.] [Thirty-three percent (33%) of the Total Number of Shares Subject to Option will be scheduled to vest on the one (1) year anniversary of the Grant Date, and one thirty-sixth (1/36th) of the Total Number of Shares Subject to Option will be scheduled to vest each month thereafter on the same day of the month as the Grant Date (and if there is no corresponding day, on the last day of the month), such that all Shares subject shall be fully vested on the three year anniversary of the grant date, subject to Participant continuing to be a Service Provider through such applicable vesting dates.] [One forty-eighth (1/48th) of the Total Number of Shares Subject to Option will be scheduled to vest each consecutive month on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month) beginning with the first month immediately following the month in which the Vesting Commencement Date occurs, in each case subject to Participant continuing to be a Service Provider through such applicable vesting dates.]
Appears in 1 contract
Sources: Global Stock Option Agreement (Pacific Biosciences of California, Inc.)
NOTICE OF STOCK OPTION GRANT. Optionee«Name_of_Optionee» You have been granted an option to purchase Common Stock of 3PARdata, Inc. (the “Company”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Number: «OptioneeGrant_Number» Date of Stock Option AgreementGrant: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇: «Date_of_GrantGrant_Date» Vesting Commencement Date: «Vesting_Commmencement_DateVesting_Commencement_Date» Exercise Price per Share: $«Exercise_Price_per_share» 0.01 Total Number of Shares Granted: «Total_SharesTotal_Shares_Granted» Total Exercise Price: $«Total_Exercise_Price_» Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date: «Expiration_Date» Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] and Vesting Schedule: [This Option is exercisable immediatelyoption may (i) be exercised, in whole or in part, at such times as are established under the Company’s policies regarding exercise of options or as otherwise permitted by the AdministratorCompany and (ii) be exercised prior to the full vesting of the number of shares set forth in the Notice of Stock Option Grant (the “Option Shares”), conditioned upon Optionee the Optionee’s entering into a Restricted Stock Purchase Agreement with respect to any unvested Option Shares. The Option Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Optionrepurchase option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1Agreement, according to the following schedule:] Twenty-five percent (: 25%) % of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest one year after on the annual anniversary of the Vesting Commencement Date, and 1/48th 25% of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest each anniversary thereafter on the first day of each full month thereafter, so that all of the Shares shall be vested on the first same day of the forty-eighth (48th) month after as the Vesting Commencement Date, subject to Optionee continuing to be a Service Provider on such dates.
Appears in 1 contract
Sources: Stock Option Agreement (3PAR Inc.)
NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ -------------------------- You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Stock Option Agreement, as follows: «Date_of_Grant» Date of Grant March 1, 1999 Vesting Commencement Date: «Vesting_Commmencement_Date» Date March 1, 1999 Exercise Price per Share: Share $«Exercise_Price_per_share» 2.50 Total Number of Shares Granted: «Total_Shares» Granted 250,000 Total Exercise PricePrice $625,000.00 Type of Option: $«Total_Exercise_Price» X Incentive Stock Option --- ___ Nonstatutory Stock Option Term/Expiration Date: «Expiration_Date» Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] ▇▇▇▇▇ ▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇ and Vesting Schedule: [----------------------------- This Option is exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Option Shares. The Shares subject to this Option shall vest and/or and be released from the Company’s Repurchase Option's repurchase option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1Agreement, according to the following schedule:] Twenty-five percent (: Except as provided in the paragraph below, 25%) % of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest one year twelve months after the Vesting Commencement Date, and 1/48th of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest on the first day of each full month thereafter, so that all subject to the Optionee's continuing to be a Service Provider on such dates. Notwithstanding the foregoing, if (i) at any time prior to March 1, 2000 a Change of Control (as defined below) occurs and Optionee's status as an employee is terminated prior to March 1, 2000 by the Successor Corporation (as defined below) as a result of such Change of Control, or (ii) Optionee is terminated prior to March 1, 2000 other than for Cause or as a result of Voluntary Resignation (each as defined below), then, in each such case, 25% of the Shares shall be vested on subject to the first day of the forty-eighth (48th) month after the Vesting Commencement DateOption will automatically vest and become fully exercisable.
Appears in 1 contract
NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of Pet▇▇ ▇▇▇▇▇▇ You ("Optionee") have been granted an additional option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Stock Option Agreement. The terms of your grant are set forth below: «Date_of_Grant» Date of Grant: August 20, 2001 Vesting Commencement Date: «Vesting_Commmencement_Date» August 20, 2001 Exercise Price per Share: $«Exercise_Price_per_share» 0.112 per share Total Number of Shares Granted: «Total_Shares» 1,500,000 Total Exercise Price: $«Total_Exercise_Price» 168,000 Type of Option: Non-Qualified Stock Option Term/Expiration Date: «Expiration_Date» Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [August 20, 2011 Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] and Vesting Schedule: [This Option is exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, and become exercisable according to the following schedule:] Twenty: Subject to the following paragraphs, this Option shall vest and become exercisable with respect to thirty-five three and one-third percent (2533 1/3%) of the shares of the Company's Common Stock subject to the Option (the "Shares") on the one-year anniversary of the Option's Date of Grant, and thereafter, with respect to thirty-three and one-third percent (33 1/3%) of the Shares subject to on each successive twelve-month anniversary following the Option (rounded down to the next whole number of Shares) shall vest one one-year after the Vesting Commencement Date, and 1/48th anniversary of the Option's Date of Grant (each, a "Vesting Date"), commencing with the first such anniversary, such that this Option shall be vested and exercisable with respect to one hundred percent (100%) of the Shares on the third anniversary of the Option's Date of Grant; provided, however, that Optionee has remained in Continuous Status as an Employee or Consultant as of each Vesting Date. Notwithstanding the foregoing, in the event (a) of a Change in Control (as defined below) this Option shall immediately vest and become exercisable with respect to fifty percent (50%) of the unvested Shares subject to the Option (rounded down to the next whole number of Shares) shall vest on the first day of each full month thereafter, so that all as of the Shares shall be vested on the first day date of such Change in Control; provided, however, that Optionee has remained in Continuous Status as an Employee or Consultant as of the fortydate of such Change of Control or (b) that Optionee is terminated without Cause (as defined below) or terminates his employment for Good Reason (as defined below), any unvested Options as of the date of such termination shall immediately vest and become exercisable. The terms Cause and Good Reason shall have the meanings ascribed to them in that certain Employment Agreement between drkoop LifeCare, a Delaware corporation and a wholly-eighth (48th) month after the Vesting Commencement Dateowned first-tier subsidiary of Company and Optionee, dated as of August 20, 2001, as may be amended from time to time.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Drkoop Com Inc)
NOTICE OF STOCK OPTION GRANT. OptioneeNotice is hereby given of the grant of the Option, subject to the following terms. References in this Agreement to certain terms of the Option shall be as defined in this Article I: «Optionee» Date of Stock Option AgreementGrant: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇: «Date_of_Grant» Vesting Commencement Date: «Vesting_Commmencement_Date» January 11, 2006 Exercise Price per SharePrice: $«Exercise_Price_per_share» 3.20 per Share Total Number of Shares GrantedShares: «Total_Shares» 500,000 Total Exercise Price: $«Total_Exercise_Price» Term/Expiration Date: «Expiration_Date» 1,600,000 Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Exercise ScheduleTerm: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] Vesting Schedule10 years commencing on Date of Grant EXERCISE AND VESTING SCHEDULE: [This Option is exercisable immediatelyshall vest and become exerciseable on the dates and as described in this paragraph, subject to the Optionee continuing to be either an Employee or a Consultant to the Company on such vesting dates. On JANUARY 11, 2007, Optionee shall be vested in whole or in part, at such times as are established by and have the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement right to exercise the Option with respect to any unvested 125,000 Shares. The Shares subject Thereafter, Optionee shall become vested in and have the right to exercise this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according with respect to the following schedule:] Twenty-five percent (25%) 1/48th of the number of Shares subject to the Option (rounded down on the day of each month corresponding to the next whole number Date of Shares) Grant, so that the Option shall vest one be fully vested and exercisable on the fourth anniversary of the Date of Grant. However, if Optionee is terminated by the Company other than for Cause prior to the one-year after anniversary of the Vesting Commencement DateDate of Grant, Optionee shall become vested in and have the right to exercise this Option with respect to 1/48th of the number of Shares subject to the Option (rounded down to the next whole number of Shares) shall vest on the first day of for each full month thereafterof employment following the Date of Grant, so that all of the Shares shall be vested based on the first day of the forty-eighth (48thmonth corresponding to the Date of Grant, through the date of such termination. OPTION TERMINATION: The Option shall terminate on JANUARY 11, 2016; provided, however, that if Optionee ceases to be either an Employee or a Consultant prior thereto, then the Option shall terminate earlier pursuant to the terms of Sections 10(d), 10(e), and 10(f) month after of the Vesting Commencement DatePlan.
Appears in 1 contract
Sources: Inducement Stock Option Agreement (Capstone Turbine Corp)
NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Date of Option Agreement: «Date_of_Grant» August 14, 2008 Date of Grant: February 27, 2008 Vesting Commencement Date: «Vesting_Commmencement_Date» November 23, 2007 Exercise Price per Share: $«Exercise_Price_per_share» 15.00 Total Number of Shares Granted: «Total_Shares» 49,887 Total Exercise Price: $«Total_Exercise_Price» 748,305.00 Term/Expiration Date: «Expiration_Date» 2/27/2018 Qualifying Acquisition Price Per Share $44.00 Trading Target Price Per Share $44.00 Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ ý Early Exercise Permitted] Permitted Vesting Schedule: [This Option is exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The This Option or, if exercised prior to vesting, the Shares subject to this Option Option, shall vest vest, become exercisable and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1B-1, according to the following schedule:] Twenty-five percent (25%) : Subject to the Optionee’s continued employment with the Company, the Option or Shares, as applicable, shall vest in full on the seventh anniversary of the Vesting Commencement Date specified above (the “Vesting Date”), provided, however, that in the event that either a Qualifying Acquisition occurs or the Trading Price Target is achieved prior to the Vesting Date, then the exercisability and vesting of the Option or Shares, as applicable, shall be accelerated and the Option or Shares, as applicable, shall vest in full on the date on which the Qualifying Acquisition occurs or the Trading Price Target is achieved, provided, further, that if the Optionee ceases to be employed by the Company by reason of a termination of employment by the Company without Cause, by Optionee for Good Reason or due to the Optionee’s death or Disability (each as defined in that certain employment agreement between the Company and Optionee of even date herewith), in any case, prior to the vesting of the Option or the Shares, as applicable, then the Option or the Shares, as applicable shall thereupon vest with respect to that number of Shares determined by multiplying the number of unvested Shares subject to the Option or unvested Shares, as applicable, by a fraction, (rounded down to i) the next whole numerator of which equals the number of Shares) shall vest one year after full months elapsed from the Vesting Commencement DateDate of Grant through the date of termination, and 1/48th (ii) the denominator of the Shares subject to the Option which equals eighty-four (rounded down to the next whole number 84). For purposes of Shares) shall vest on the first day of each full month thereafter, so that all of the Shares shall be vested on the first day of the forty-eighth (48th) month after the Vesting Commencement Date.this Agreement:
Appears in 1 contract
NOTICE OF STOCK OPTION GRANT. OptioneeName of Executive: «Optionee» Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇▇ ▇▇▇▇▇ Total Number of Common Shares Subject to Option: «Date_of_Grant» 75,000 Type of Option: Inducement stock option under Listing Rule 5635(c)(4), Nonstatutory stock option (NSO) Exercise Price: $4.32 Date of Grant: January 2, 2024 Expiration Date: January 2, 2034 Vesting Commencement Date: «Vesting_Commmencement_Date» Exercise Price per Share: $«Exercise_Price_per_share» Total Number Date of Shares Granted: «Total_Shares» Total Exercise Price: $«Total_Exercise_Price» Term/Expiration Date: «Expiration_Date» Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] Grant Vesting Schedule: [This The Option is shall vest and become exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following schedule:] Twenty-five percent (a) 25%) % of the Common Shares subject to the Option when you complete twelve (rounded down to the next whole number 12) months of Shares) shall vest one year after continuous Service beginning on the Vesting Commencement Date, and 1/48th (b) 2.083% of the Common Shares subject to the Option (rounded down to for each additional month of continuous Service that you complete thereafter, such that 100% of the next whole number of Shares) shall vest Option is fully vested and exercisable on the first day fourth anniversary of each full month thereafter, so that all of the Shares shall be vested on the first day of the forty-eighth (48th) month after the Vesting Commencement Date., subject to your continued Service as of each such vesting date. Accelerated Vesting: The extent to which you may purchase Common Shares under the Option may be accelerated in the following circumstances: · if your Service is terminated by the Company without Cause or if you resign for Good Reason, then the Option, to the extent outstanding and unvested, will become immediately vested and exercisable in the portion of the Option that would have become vested and exercisable as if you had remained in continuous Service with the Company through the date that is twelve (12) months following your termination of Service; · in the event that any transaction resulting in a Change in Control occurs, and within three (3) months prior to the Change in Control, on the Change in Control, or within twelve (12) months after the Change in Control, your Service is terminated by the Company without Cause or if you resign for Good Reason, then 100% of the then-unvested portion of the Option will become vested and exercisable as of immediately before the effective time of, and contingent upon, the Change in Control; or · in the event of a termination of your Service due to your Disability or your death, then 100% of the then-unvested portion of the Option will become vested and exercisable as of immediately before the effective time of, and contingent upon, the Change in Control. Termination Period: The Option will be exercisable for three (3) months after you cease to be an Employee, unless such termination is due to your death or Disability, in which case the Option will be exercisable for twelve (12) months after the date of your death or six (6) months after your Disability, as applicable. Notwithstanding the foregoing, in no event may the Option be exercised after the Expiration Date as provided above and may be subject to earlier termination as provided in the Terms and Conditions of Inducement Stock Option Award attached as Exhibit A hereto. This Award is not issued under the Company’s 2023 Equity Incentive Plan or any other plan. This Award is granted to you in connection with your entry into employment with the Company and is an inducement material to your entry into employment within the meaning of Listing Rule 5635(c)(4). The Company may, in its sole discretion, deliver any documents relating to the Option and the Agreement that the Company is required to deliver to you by email or other electronic means. You hereby consent to receive such documents by electronic delivery and any online or electronic system established and maintained by the Company or another third party designated by the Company. By your signature and the signature of the Company’s representative below, you and the Company agree to the Option terms described in this Agreement, including the Terms and Conditions of Inducement Stock Option Award, attached hereto as Exhibit A, all of which are made a part of this document. You acknowledge that you have reviewed this Agreement and Exhibit A and Exhibit B attached to this Agreement in their entirety, have had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all provisions of this Agreement and its attached exhibits. You hereby agree to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to this Agreement, including its exhibits. You further agree to notify the Company upon any change in the residence address you provide to the Company. By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ President and Chief Executive Officer ▇▇▇▇▇▇ ▇▇▇▇▇
Appears in 1 contract
Sources: Inducement Stock Option Agreement (Alimera Sciences Inc)
NOTICE OF STOCK OPTION GRANT. Pursuant to the Newegg Inc. Amended and Restated 2005 Incentive Award Plan (the “Plan”), Newegg Inc. (the “Company”) hereby grants to the Optionee listed below (“Optionee: «Optionee» Date ”), an option (the “Option”) to purchase the number of shares of the Company’s Class A Common Stock set forth below, subject to the terms and conditions of the Plan and this Stock Option Agreement. All capitalized terms used in this Stock Option Agreement without definition shall have the meanings ascribed to such terms in the Plan. Optionee: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Date of Grant: «Date_of_Grant» October 28, 2009 Vesting Commencement Date: «Vesting_Commmencement_Date» October 28, 2009 Exercise Price per Share: $«Exercise_Price_per_share» 8.27 Total Number of Shares Granted: «Total_Shares» 25,000 Total Exercise Price: $«Total_Exercise_Price» 206,750.00 Term/Expiration Date: «Expiration_Date» October 28, 2019 Type of Option: ¨ Incentive Stock Option ¨ x Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] Vesting Schedule: [This Option is exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following schedule:] Twenty: Vesting Date Shares Exercisable One (1) year from the Vesting Commencement Date. 25% of the Total Number of Shares Granted Two (2) years from the Vesting Commencement Date. An Additional 25% of the Total Number of Shares Granted Three (3) years from the Vesting Commencement Date. An Additional 25% of the Total Number of Shares Granted Four (4) years from the Vesting Commencement Date. An Additional 25% of the Total Number of Shares Granted The Option shall vest and become exercisable with respect to twenty-five percent (25%) of the Shares subject to thereto on the Option (rounded down to the next whole number first anniversary of Shares) shall vest one year after the Vesting Commencement Date, Date and 1/48th with respect to an additional twenty-five percent (25%) of the Shares subject to the Option (rounded down to the next whole number thereto on each subsequent anniversary of Shares) shall vest on the first day of each full month thereafter, so that all of the Shares shall be vested on the first day of the forty-eighth (48th) month after the Vesting Commencement DateDate thereafter; provided, however, that in the event that an Acquisition occurs and the Participant ceases to be a Service Provider by reason of a termination by the Company without Cause (excluding a termination due to the Participant’s Disability) during the twelve-month period immediately following the Acquisition, the Option shall, to the extent not then vested, immediately become fully vested and exercisable.
Appears in 1 contract
NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: «Date_of_Grant» Date of Grant: February 1, 2000 Vesting Commencement Date: «Vesting_Commmencement_Date» February 1, 2000 Exercise Price per Share: $«Exercise_Price_per_share» 4.00 Total Number of Shares Granted: «Total_Shares» 5,000 Total Exercise Price: $«Total_Exercise_Price» Term/Expiration Date: «Expiration_Date» 20,000.00 Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified x Nonstatutory Stock Option [Exercise ScheduleTerm/ Expiration Date: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] Vesting Schedule: [Ten Years/February 1, 2010 * Or earlier, pursuant to the termination period set forth below. This Option is exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The Shares subject to this Option and shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following vesting schedule:] Twenty: One-five percent sixteenth (25%1/16th) of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest one year three months after the Vesting Commencement Date, Date and 1/48th of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest on the first last day of each full three month anniversary thereafter, so that subject to your continuing to be a Service Provider on such dates. Notwithstanding the foregoing, if the Company merges with or into another entity, sells all or substantially all of its assets, or enters into any other similar transaction or reorganization as a result of which the Shares shall be vested on the first day shareholders of the forty-eighth Company immediately prior to such transaction will not hold at least 50% of the voting power of the surviving, purchasing or continuing entity, as applicable (48thtaking into account any securities issued to the shareholders of the Company in the transaction) month after (a “Change of Control Transaction”), then the Vesting Commencement DateOption shall become fully vested and exercisable simultaneously with the closing of the Change of Control Transaction (or, in the case of a merger, as of any earlier date that is necessary to permit the Optionee, if he exercises the Option in whole or in part, to receive the same per Share merger consideration (to the extent of Optioned Shares acquired upon exercise) that will be paid to the other holders of Shares). The Board shall notify the Optionee at least fifteen (15) days prior to the closing of a Change of Control Transaction (or at such earlier time as the Board, in its reasonable judgment, deems necessary to give effect to the intent of this provision), and such notification shall include a statement as to whether or not the Option will be assumed by the surviving or purchasing entity or whether an equivalent, fully vested, substitute option will be provided by such entity.
Appears in 1 contract
Sources: Stock Option Agreement (Numerical Technologies Inc)
NOTICE OF STOCK OPTION GRANT. OptioneeName: «Optionee» Date ▇▇▇▇ ▇▇▇▇ ---------------------------------------- Address: ------------------------------------- You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Stock Option Agreement, as follows: «Date_of_Stock_Option_Agreement» Grant Number 81 ------------------------------- Date of ▇▇▇▇▇: «Date_of_Grant» Grant June 4, 1997 ------------------------------- Vesting Commencement Date: «Vesting_Commmencement_Date» Date May 28, 1997 ------------------------------- Exercise Price per Share: Share $ $«Exercise_Price_per_share» 1.00 ------------------------------ Total Number of Shares Granted: «Total_Shares» Granted 509,187 ------------------------------- Total Exercise PricePrice $ $509,187 ------------------------------ Type of Option: $«Total_Exercise_Price» Incentive Stock Option ----- X Nonstatutory Stock Option ----- Term/Expiration Date: «Expiration_Date» Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [June 24, 2007 ------------------------------ Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] and Vesting Schedule: [----------------------------- This Option is exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Option Shares. The Shares subject to this Option shall vest and/or and be released from the Company’s Repurchase Option's repurchase option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1Agreement, according to the following schedule:] Twenty-five percent (: 25%) % of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest one year twelve months after the Vesting Commencement Date, and 1/48th 1/48 of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest on the first day of each full month thereafter, so that subject to your remaining in Continuous Status as an Employee or Consultant as of such vesting dates. Notwithstanding the foregoing, in the event of a bona fide acquisition of the Company pursuant to a merger of the Company with or into another business entity (other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to the merger continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation) with or into another corporation or a sale of all or substantially all of the Shares shall be vested on the first day assets of the forty-eighth Company, One Hundred percent (48th100%) month after of the Vesting Commencement Dateshares subject to the Option shall become fully vested and exercisable immediately prior to the effective time thereof.
Appears in 1 contract
NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of Ric▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ You ("Optionee") have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Stock Option Agreement. The terms of your grant are set forth below: «Date_of_Grant» Date of Grant: August 6, 2001 Vesting Commencement Date: «Vesting_Commmencement_Date» August 6, 2001 Exercise Price per Share: $«Exercise_Price_per_share» 0.128 per share Total Number of Shares Granted: «Total_Shares» 1,500,000 Total Exercise Price: $«Total_Exercise_Price» 192,000.00 Type of Option: Non-Qualified Stock Option Term/Expiration Date: «Expiration_Date» Type August 6, 2008 (Seventh anniversary of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Date of Grant) Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] and Vesting Schedule: [This Option is exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, and become exercisable according to the following schedule:] Twenty: 2 Subject to the following paragraphs, this Option shall vest and become exercisable with respect to twenty-five percent (25%) of the shares of the Company's Common Stock subject to the Option (the "Shares") on the Option's Vesting Commencement Date, and thereafter, with respect to twenty-five percent (25%) of the Shares subject on each successive twelve-month anniversary following the one-year anniversary of the Option's Vesting Commencement Date (each, a "Vesting Date"), commencing with the first such anniversary, such that this Option shall be vested and exercisable with respect to one hundred percent (100%) of the Option (rounded down to Shares on the next whole number third anniversary of Shares) shall vest one year after the Option's Vesting Commencement Date; provided, however, that Optionee has remained in Continuous Status as an Employee, Director or Consultant as of each Vesting Date. Notwithstanding the foregoing, this Option shall vest and 1/48th become exercisable with respect to one hundred percent (100%) of the Shares subject to the Option (rounded down immediately prior to the next whole number earlier of Shares(i) shall vest on Optionee's termination of employment with the first day Company for Good Reason or by the Company for any reason other than Cause, death or Disability (each such term as defined in that certain Employment Agreement between the Company and Optionee, dated as of August 22, 2000, as may be amended from time to time), (ii) in addition to the conditions upon which the Option may automatically accelerate and become exercisable in accordance with the Plan, upon the consummation of the following: (a) any sale, merger, consolidation, tender offer or similar acquisition of shares, or other transaction or series of related transactions (each full month thereaftera "Transaction") as a result of which at least a majority of the voting power of the Company is not held, so that directly or indirectly, by the persons or entities who held the Company's securities with voting power before such Transaction; (b) a sale or other disposition of all or substantially all of the Shares shall be vested Company's assets, whether in one transaction or a series of related transactions; or (c) individuals who on the first day date hereof constitute the Board of Directors and any new Director (other than a Director designated by a person or entity who has entered into an agreement to effect a transaction described in clause (a) or (b) above) whose nomination and/or election to the Board of Directors was approved by a vote of at least a majority of the forty-eighth (48th) month after Directors then still in office who either were Directors on the Vesting Commencement Datedate hereof or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority of the Board of Directors.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Drkoop Com Inc)
NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date The undersigned Optionee has been granted an Option to purchase Common Stock of Stock the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇DATE OF GRANT VESTING COMMENCEMENT DATE EXERCISE PRICE PER SHARE TOTAL NUMBER OF SHARES GRANTED TOTAL EXERCISE PRICE TYPE OF OPTION: «Date_of_Grant» Vesting Commencement Date: «Vesting_Commmencement_Date» Exercise Price per Share: $«Exercise_Price_per_share» Total Number of Shares Granted: «Total_Shares» Total Exercise Price: $«Total_Exercise_Price» Term/Expiration Date: «Expiration_Date» Type of Option: ¨ [ ] Incentive Stock Option ¨ Non-Qualified [ ] Nonstatutory Stock Option [Exercise ScheduleTERM/EXPIRATION DATE: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] Vesting ScheduleEXERCISE AND VESTING SCHEDULE: [This Option is exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The Shares subject to this Option and shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following vesting schedule:] Twenty-five percent (: 25%) % of the Shares subject to the Option (rounded down shall vest twelve months after the Vesting Commencement Date, and 1/48 of the Shares subject to the next whole number of Shares) Option shall vest one year each month thereafter, subject to continued status as a Service Provider on such dates. In the event of a Change of Control that occurs while Employee is employed by the Company, one-fourth (1/4th) of the shares subject to the Option shall accelerate so as to become completely vested on the date the event constituting a Change of Control is consummated. The balance of the shares subject to the Option shall continue to vest on the same time schedule as existed prior to the Change of Control. If the Change of Control occurs in the first twelve months after the date vesting commences, 1/4th of the shares will vest upon the Change of Control and another 1/4th of the shares will vest twelve months after the Vesting Commencement Date, and 1/48th of the Shares subject shares will continue to vest each month thereafter until fully vested. If the Change of Control occurs after the first twelve months after the date vesting commences, 1/4th of the shares will vest upon the Change of Control, and the remaining shares will continue to vest as to 1/48th of the shares each month thereafter until fully vested. Notwithstanding the foregoing, if such vesting acceleration would cause a contemplated Change of Control transaction that was intended to be accounted for as a "pooling-of-interests" transaction to become ineligible for such accounting treatment under generally accepted accounting principles, as determined by the Company's independent public accountants prior to the Change of Control, Optionee's shares shall not have their vesting so accelerated. This Option (rounded down to the next whole number of Shares) shall vest on the first day of each full month thereafter, so that all of the Shares shall be vested on exercisable for thirty (30) days after Optionee ceases to be a Service Provider. Upon Optionee's death or disability, this Option may be exercised for such longer period as provided in the first day of the forty-eighth (48th) month Plan. In no event may Optionee exercise this Option after the Vesting Commencement DateTerm/Expiration Date as provided above.
Appears in 1 contract
NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ You have been granted an option to purchase Common Stock of Access Health, Inc., a Delaware corporation (the "Company"), subject to the terms and conditions of this Option Agreement, as follows: «Date_of_Grant» Date of Grant May 30, 1996 ------------------------- Vesting Commencement Date: «Vesting_Commmencement_Date» Date May 8, 1997 ------------------------- Exercise Price per Share: $«Exercise_Price_per_share» Share $ 50.625 ------------------------- Total Number of Shares Granted: «Total_Shares» Granted 230,000 ------------------------- Total Exercise Price: Price $«Total_Exercise_Price» Term/Expiration Date: «Expiration_Date» 11,643,750 ------------------------- Type of Option: ¨ _____ Incentive Stock Option ¨ Non-Qualified X Nonstatutory Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] ----- Term/Expiration Date May 30, 2006 ------------------------- Vesting Schedule: [---------------- This Option is shall be exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according cumulatively to the following schedule:] Twentyextent of one-five percent (25%) fifth of the Shares total number of shares subject to the Option (rounded down to the next whole number of Shares) shall vest one year after on the Vesting Commencement Date, Date set forth above and 1/48th an additional one-fifth of the Shares total shares subject to the Option (rounded down to at the next whole number of Shares) shall vest on the first day end of each full 12-month period thereafter. Notwithstanding the foregoing, so that in the event of (i) a reorganization or merger of the Company with or into any other corporation which will result in the Company's shareholders immediately prior to such transaction not holding, as a result of such transaction, at least 50% of the voting power of the surviving or continuing entity; (ii) a sale of all or substantially all of the Shares assets of the corporation which will result in the Company's shareholders immediately prior to such sale not holding, as a result of such sale, at least 5% of the voting power of the purchasing entity; or (iii) a transaction or series of related transactions which result in more than 50% of the voting power of the Company being controlled by a single holder, the Option shall be vested become fully exercisable on the first business day immediately preceding such reorganization, merger sale or transaction. Termination Period: ------------------ This Option may be exercised to the extent exercisable on the date of the forty-eighth termination for one (48th1) month year after the Vesting Commencement Datedate of termination of employment or consulting relationship, or such longer period as may be applicable upon death or Disability of Optionee as provided in Sections 8 and 9 of this Agreement, but in no event later than the Term/Expiration Date as provided above.
Appears in 1 contract
NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date Unless otherwise defined herein, the terms defined in the Pacific Biosciences of California, Inc. 2020 Equity Incentive Plan (the “Plan”) will have the same defined meanings in this Global Stock Option Agreement which includes the Notice of Stock Option Grant (the “Notice of Grant”), the Terms and Conditions of Stock Option Grant, attached hereto as Exhibit A, the Exercise Notice, attached hereto as Exhibit B and all other exhibits, appendices, and addenda attached hereto (together, the “Option Agreement”). Participant Name: «Date_of_Stock_Option_Agreement» Date ###ParticipantName### Address: ###ParticipantAddress### The undersigned Participant has been granted an Option to purchase Common Stock of ▇▇▇▇▇Biosciences of California, Inc. (the “Company”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: «Date_of_Grant» Grant Date: ###GrantDate### Grant ID: ###GrantID### Vesting Commencement Date: «Vesting_Commmencement_Date» ###GrantDate### Exercise Price per Share: $«Exercise_Price_per_share» Share (in U.S. Dollars): ###GrantPrice### Total Number of Shares GrantedSubject to Option: «Total_Shares» Total Exercise Price###AwardsGranted### Grant Type: $«Total_Exercise_Price» ###GrantType### Term/Expiration Date: «Expiration_Date» Type ###ExpirationDate### Subject to any acceleration provisions contained in the Plan or this Option Agreement or any other written agreement between Participant and the Company or any applicable Subsidiary of the Company governing the terms of this Option: ¨ Incentive Stock , this Option ¨ Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] Vesting Schedule: [This Option is exercisable immediatelywill be scheduled to vest and be exercisable, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement in accordance with respect to any unvested Shares. The Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following schedule:] : [Twenty-five percent (25%) of the Total Number of Shares subject Subject to Option will be scheduled to vest on the Option one (rounded down to the next whole number 1) year anniversary of Shares) shall vest one year after the Vesting Commencement Date, and 1/48th of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest on the first day of each full month thereafter, so that all of the Shares shall be vested on the first day of the one forty-eighth (48th1/48th) of the Total Number of Shares Subject to Option will be scheduled to vest each month after thereafter on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month), subject to Participant continuing to be a Service Provider through such applicable vesting dates.] [Thirty-three percent (33%) of the Total Number of Shares Subject to Option will be scheduled to vest on the one (1) year anniversary of the Grant Date, and one thirty-sixth (1/36th) of the Total Number of Shares Subject to Option will be scheduled to vest each month thereafter on the same day of the month as the Grant Date (and if there is no corresponding day, on the last day of the month), such that all Shares subject shall be fully vested on the three-year anniversary of the grant date, subject to Participant continuing to be a Service Provider through such applicable vesting dates.] [One forty-eighth (1/48th) of the Total Number of Shares Subject to Option will be scheduled to vest each consecutive month on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month) beginning with the first month immediately following the month in which the Vesting Commencement Date occurs, in each case subject to Participant continuing to be a Service Provider through such applicable vesting dates.]
Appears in 1 contract
Sources: Global Stock Option Agreement (Pacific Biosciences of California, Inc.)
NOTICE OF STOCK OPTION GRANT. OptioneeParticipant: «Optionee» ______________________ Address: ______________________ Participant has been granted an Option to purchase Common Stock of NanoString Technologies, Inc. (the “Company”), subject to the terms and conditions of the Plan and this Agreement, as follows: Grant Number ______________________ Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇: «Date_of_Grant» Grant ______________________ Vesting Commencement Date: «Vesting_Commmencement_Date» Date ______________________ Number of Shares Granted ______________________ Exercise Price per Share: Share $«Exercise_Price_per_share» Total Number of Shares Granted: «Total_Shares» _____________________ Total Exercise Price: Price $«Total_Exercise_Price» _____________________ Type of Option ___ Incentive Stock Option ___ Nonstatutory Stock Option Term/Expiration Date: «Expiration_Date» Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] Date ______________________ Vesting Schedule: [This Subject to accelerated vesting as set forth below or in the Plan, this Option is exercisable immediatelywill be exercisable, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement in accordance with respect to any unvested Shares. The Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following schedule:] : [Insert vesting schedule, e.g.,: Twenty-five percent (25%) of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest on the one (1) year after anniversary of the Vesting Commencement Date, and 1/48th one forty-eighth (1/48th) of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest each month thereafter on the first day of each full month thereafter, so that all of the Shares shall be vested on the first same day of the forty-eighth (48th) month after as the Vesting Commencement DateDate (and if there is no corresponding day, on the last day of the month), subject to Participant continuing to be a Service Provider through each such date.] [Insert vesting acceleration provisions, if any, e.g.,: [Notwithstanding the foregoing, the Option will be subject to the acceleration of vesting provisions as set forth in, and on the terms and conditions of, the Employment Agreement entered into between Participant and the Company dated [DATE], as such Employment Agreement may be amended from time to time.] OR [Notwithstanding the foregoing, in the event of (A) a Change in Control in which the Option is assumed and (B) the subsequent termination of Participant’s service either (i) by the Company without Cause (as defined below) or (ii) by Participant’s resignation for Good Reason (as defined below), one hundred percent (100%) of the unvested shares subject to the Option will become fully vested and exercisable as of the time immediately prior to Participant’s termination of service.
Appears in 1 contract
Sources: Stock Option Agreement (NanoString Technologies Inc)
NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Date of Option Agreement: «Date_of_Grant» August 14, 2008 Date of Grant: February 27, 2008 Vesting Commencement Date: «Vesting_Commmencement_Date» November 23, 2007 Exercise Price per Share: $«Exercise_Price_per_share» 15.00 Total Number of Shares Granted: «Total_Shares» 16,962 Total Exercise Price: $«Total_Exercise_Price» 254,430 Term/Expiration Date: «Expiration_Date» 2/27/2018 Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ ý Early Exercise Permitted] Permitted Vesting Schedule: [This Option is exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The This Option or, if exercised prior to vesting, the Shares subject to this Option Option, shall vest vest, become exercisable and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1B-1, according to the following schedule:] Twenty-five percent (25%) : Subject to the Optionee’s continued employment with the Company, the Option or Shares, as applicable, shall vest in full on the fifth anniversary of the Vesting Commencement Date specified above (the “Vesting Date”), provided, however, that in the event that either an Acquisition or a Qualifying Public Offering occurs prior to the Vesting Date, then the exercisability and vesting of the Option or Shares, as applicable, shall be accelerated and the Option or Shares, as applicable, shall vest in full on the date on which the Acquisition or Qualifying Public Offering occurs and, provided, further, that if the Optionee’s employment with the Company terminates by reason of a termination of employment by the Company without Cause, by the Optionee for Good Reason or due to the Optionee’s death or Disability (each as defined in that certain employment agreement between the Company and Optionee of even date herewith), in any case, prior to the vesting of the Option or the Shares, as applicable, then the Option or the Shares, as applicable, shall thereupon vest with respect to that number of Shares determined by multiplying the number of unvested Shares subject to the Option or unvested Shares, as applicable, by a fraction, (rounded down to i) the next whole numerator of which equals the number of Shares) shall vest one year after full months elapsed from the Vesting Commencement DateDate of Grant through the date of termination, and 1/48th (ii) the denominator of the Shares subject to the Option which equals sixty (rounded down to the next whole number 60). For purposes of Shares) shall vest on the first day of each full month thereafter, so that all of the Shares shall be vested on the first day of the forty-eighth (48th) month after the Vesting Commencement Date.this Agreement:
Appears in 1 contract
NOTICE OF STOCK OPTION GRANT. OptioneeName: «Name» Address: «Address» «City_State_Zip» The undersigned Participant (also referred to herein as Optionee» Date ) has been granted an Option to purchase Common Stock of Stock the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇: «Date_of_GrantGrant_Date» Vesting Commencement Date: «Vesting_Commmencement_DateVest_Date» Exercise Price per Share: $«Exercise_Price_per_sharePrice_Per_Share» Total Number of Shares Granted: «Total_SharesShares» Total Exercise Price: $«Total_Exercise_PriceTotal_Price» Type of Option: «ISO» Incentive Stock Option «NSO» Nonstatutory Stock Option Term/Expiration Date: «Expiration_DateExpire_Date» Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] Vesting Schedule: [This Option is exercisable immediatelyshall be exercisable, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following vesting schedule:] : [Twenty-five percent (25%) of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest on the one (1) year after anniversary of the Vesting Commencement Date, and 1/48th one forty-eighth (1/48th) of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest each month thereafter on the first day of each full month thereafter, so that all of the Shares shall be vested on the first same day of the forty-eighth (48th) month after as the Vesting Commencement DateDate (and if there is no corresponding day, on the last day of the month), subject to Participant continuing to be a Service Provider through each such date.]
Appears in 1 contract
NOTICE OF STOCK OPTION GRANT. OptioneeName: «Optionee» Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of ▇▇▇ ▇▇▇▇▇▇ Address: «Date_of_Grant» ------------------------ ------------------------ You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Number 29 Date of Grant January 1, 1999 Vesting Commencement Date: «Vesting_Commmencement_Date» Date January 1, 1999 Exercise Price per Share: Share $«Exercise_Price_per_share» 0.20 Total Number of Shares Granted: «Total_Shares» Granted 2,000,000 Total Exercise PricePrice $400,000 Type of Option: $«Total_Exercise_Price» NSO Term/Expiration Date: «Expiration_Date» Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] Vesting Schedule: [January 29, 2009 VESTING SCHEDULE. This Option is shall be exercisable immediately, in whole or in part, at such times as are established by and shall vest according to the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The following vesting schedule:
a. 20% of the Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following schedule:] Twenty-five percent (25%) of the on Vesting Commencement Date.
b. The remaining Shares subject to the this Option (rounded down to the next whole number of Shares) shall vest one in equal increments of 5% quarterly thereafter over a four (4) year after the period, beginning three (3) months following this Option's Vesting Commencement Date, and 1/48th of the Shares subject to Optionee's continuing to be a Service Provider on each vesting date.
c. Notwithstanding the Option (rounded down to the next whole number foregoing, if Optionee's employment is terminated within 18 months of Shares) shall vest on the first day of each full month thereafter, so that all of the Shares shall be vested on the first day of the forty-eighth (48th) month after the Vesting Commencement DateDate for any reason other than (A) a voluntary termination by the Optionee, or (B) a termination for "Cause" (as defined below), the number of Shares equal to the difference between 1,000,000 Shares and the number of Shares which is vested as of the employment termination date shall become immediately vested as of the employment termination date. "Cause" shall mean (i) any act of personal dishonesty taken by the Optionee in connection with his or her responsibilities to the Company, or (ii) Optionee's conviction of, or plea of NOLO CONTENDERE to, a felony, or (iii) a willful act by the Optionee which constitutes misconduct and is injurious to the Company.
Appears in 1 contract
Sources: Stock Option Agreement (Idealab)
NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇▇ ▇▇▇▇▇ You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: «Date_of_Grant» Date of Grant: February 1, 2000 Vesting Commencement Date: «Vesting_Commmencement_Date» February 1, 2000 Exercise Price per Share: $«Exercise_Price_per_share» 4.00 Total Number of Shares Granted: «Total_Shares» 5,000 Total Exercise Price: $«Total_Exercise_Price» Term/Expiration Date: «Expiration_Date» 20,000.00 Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified x Nonstatutory Stock Option [Exercise ScheduleTerm/ Expiration Date: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] Vesting Schedule: [Ten Years/February 1, 2010 * Or earlier, pursuant to the termination period set forth below. This Option is exercisable immediately, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement with respect to any unvested Shares. The Shares subject to this Option and shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following vesting schedule:] Twenty: One-five percent sixteenth (25%1/16th) of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest one year three months after the Vesting Commencement Date, Date and 1/48th of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest on the first last day of each full three month anniversary thereafter, so that subject to your continuing to be a Service Provider on such dates. Notwithstanding the foregoing, if the Company merges with or into another entity, sells all or substantially all of its assets, or enters into any other similar transaction or reorganization as a result of which the Shares shall be vested on the first day shareholders of the forty-eighth Company immediately prior to such transaction will not hold at least 50% of the voting power of the surviving, purchasing or continuing entity, as applicable (48thtaking into account any securities issued to the shareholders of the Company in the transaction) month after (a “Change of Control Transaction”), then the Vesting Commencement DateOption shall become fully vested and exercisable simultaneously with the closing of the Change of Control Transaction (or, in the case of a merger, as of any earlier date that is necessary to permit the Optionee, if he exercises the Option in whole or in part, to receive the same per Share merger consideration (to the extent of Optioned Shares acquired upon exercise) that will be paid to the other holders of Shares). The Board shall notify the Optionee at least fifteen (15) days prior to the closing of a Change of Control Transaction (or at such earlier time as the Board, in its reasonable judgment, deems necessary to give effect to the intent of this provision), and such notification shall include a statement as to whether or not the Option will be assumed by the surviving or purchasing entity or whether an equivalent, fully vested, substitute option will be provided by such entity.
Appears in 1 contract
Sources: Stock Option Agreement (Numerical Technologies Inc)
NOTICE OF STOCK OPTION GRANT. Optionee: «Optionee» Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of Jess▇ ▇▇▇▇▇▇ You have been granted an Option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: «Date_of_Grant» Date of Grant February 3, 1998 Vesting Commencement Date: «Vesting_Commmencement_Date» Date February 3, 1998 Exercise Price per Share: Share $«Exercise_Price_per_share» 0.001 Total Number of Shares Granted: «Total_Shares» Granted 900,000 Total Exercise PricePrice $900.00 Type of Option: $«Total_Exercise_Price» X Incentive Stock Option --- Nonstatutory Stock Option --- Term/Expiration Date: «Expiration_Date» Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [February 2, 2008 Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] and Vesting Schedule: [This Option is shall be exercisable immediately, immediately in whole its entirety on or in part, at such times as are established by after the AdministratorVesting Commencement Date, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement Agreement, substantially in the form attached hereto as Exhibit C-1, with respect to any unvested Shares. The minimum number of shares with respect to which an Option may be exercised in part at any time is one thousand (1,000) unless the Option grants the right to purchase, or the number of remaining shares subject to the Option, is fewer than one thousand (1,000) shares. Notwithstanding the foregoing, the Option may not be exercised more frequently than twice in any continuous twelve (12) month period; provided, however, that the foregoing restriction shall not apply so as to prevent an exercise following the Optionee's termination of employment as set forth in the Option Agreement. The Shares subject to this Option shall vest and/or and be released from the Company’s Repurchase Option's repurchase option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following schedule:] Twenty-five percent (25%) of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest one year after the Vesting Commencement Date, and 1/48th of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest on the first day of each full month thereafter, so that all of the Shares shall be vested on the first day of the forty-eighth (48th) month after the Vesting Commencement DateAgreement.
Appears in 1 contract
Sources: Stock Option Agreement (Avanex Corp)
NOTICE OF STOCK OPTION GRANT. OptioneeYou have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: «Optionee» Grant Number Date of Stock Option Agreement: «Date_of_Stock_Option_Agreement» Date of ▇▇▇▇▇: «Date_of_Grant» Grant Vesting Commencement Date: «Vesting_Commmencement_Date» Date Exercise Price per Share: $«Exercise_Price_per_share» Share Total Number of Shares Granted: «Total_Shares» Granted Total Exercise PricePrice Type of Option: $«Total_Exercise_Price» Term/Expiration Date: «Expiration_Date» Type of Option: ¨ Incentive Stock Option ¨ Non-Qualified Stock Option [Exercise Schedule: ¨ Same as Vesting Schedule ¨ Early Exercise Permitted] Vesting Schedule: [This Option is exercisable immediatelymay be exercised, in whole or in part, at such times as are established by the Administrator, conditioned upon Optionee entering into a Restricted Stock Purchase Agreement in accordance with respect to any unvested Shares. The Shares subject to this Option shall vest and/or be released from the Company’s Repurchase Option, as set forth in the Restricted Stock Purchase Agreement attached hereto as Exhibit C-1, according to the following schedule:] Twenty: One forty-five percent eighth (25%1/48th) of the Shares subject to the Option (rounded down to the next whole number of Shares) shall vest one year after each month on the same day of the month as the Vesting Commencement Date, and 1/48th subject to the Optionee continuing to be a Service Provider on such dates. Notwithstanding the foregoing, in the event of a Change of Control (as defined below), fifty percent (50%) of the Shares subject to the Option (rounded down to the next whole number that have not vested as of Shares) such time, shall vest on the first day of each full month thereafter, so that all and an additional 1/24th of the Shares that have not vested shall be vest each month thereafter until all Shares have vested on the first day date twelve months from such Change of Control; provided in each case that the Optionee's employment with or services to the Company have not been terminated prior to such release. In addition, notwithstanding the foregoing, in the event that the Optionee's employment is terminated by the Company without Cause, either before or after a Change of Control, one hundred percent (100%) of the forty-eighth (48th) month after Shares that have not vested, as of such time, shall become vested. Any of the Vesting Commencement DateShares that have not yet vested are referred to herein as "Unvested Shares."
Appears in 1 contract
Sources: Stock Option Agreement (Opsware Inc)