Common use of Amendment, Suspension, Termination Clause in Contracts

Amendment, Suspension, Termination. By accepting this option, the Director expressly warrants that he or she has received an option to purchase stock under the Plan, and has received, read and understood the prospectus for the Plan. The Director understands that the Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any time. PIXAR 2004 EQUITY INCENTIVE PLAN STOCK OPTION AGREEMENT Grant # Pixar (the “Company”) hereby grants you, [NAME OF DIRECTOR] (the “Director”), a Nonqualified Stock Option under the Company’s 2004 Equity Incentive Plan (the “Plan”), to purchase shares of common stock of the Company (“Shares”). The date of this Agreement is [DATE] (the “Grant Date”). In general, the latest date this option will expire is [DATE 10 YEARS AFTER GRANT DATE] (the “Expiration Date”). However, as provided in Appendix A (attached hereto), this option may expire earlier than the Expiration Date. Subject to the provisions of Appendix A and of the Plan, the principal features of this option are as follows: Maximum Number of Shares Purchasable with this Option: 20,000 Shares Purchase Price per Share: $[PRICE] Scheduled Vesting Dates: Number of Shares: Vesting Commencement Date [ENTER DATE] First annual anniversary of the Vesting Commencement Date 20,000 Event Triggering Termination of Option: Maximum Time to Exercise After Triggering Event*: Termination of Service within 1 year of Vesting Commencement Date None All other Terminations of Service 1 year * However, except in the event of death, this option may not be exercised after the Expiration Date. Your signature below indicates your agreement and understanding that this option is subject to all of the terms and conditions contained in Appendix A and the Plan. For example, important additional information on vesting and termination of this option is contained in Paragraphs 3 through 5 of Appendix A. ACCORDINGLY, PLEASE BE SURE TO READ ALL OF APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS OPTION. PIXAR DIRECTOR By Title: [NAME] APPENDIX A TERMS AND CONDITIONS OF STOCK OPTION

Amendment, Suspension, Termination. By accepting this option, the Director expressly warrants that he or she has received an option to purchase stock under the Plan, and has received, read and understood the prospectus for the Plan. The Director understands that the Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any time. PIXAR 2004 EQUITY INCENTIVE PLAN STOCK OPTION AGREEMENT Grant # Pixar (the “Company”) hereby grants you, [NAME OF DIRECTOR] (the “Director”), a Nonqualified Stock Option under the Company’s 2004 Equity Incentive Plan (the “Plan”), to purchase shares of common stock of the Company (“Shares”). The date of this Agreement is [DATE] (the “Grant Date”). In general, the latest date this option will expire is [DATE 10 YEARS AFTER GRANT DATE] (the “Expiration Date”). However, as provided in Appendix A (attached hereto), this option may expire earlier than the Expiration Date. Subject to the provisions of Appendix A and of the Plan, the principal features of this option are as follows: Maximum Number of Shares Purchasable with this Option: 20,000 10,000 Shares Purchase Price per Share: $[PRICE] Scheduled Vesting Dates: Number of Shares: Vesting Commencement Date [ENTER DATE] First annual anniversary of the Vesting Commencement Date 20,000 10,000 Event Triggering Termination of Option: Maximum Time to Exercise After Triggering Event*: Termination of Service within 1 year of Vesting Commencement Date None All other Terminations of Service 1 year * However, except in the event of death, this option may not be exercised after the Expiration Date. Your signature below indicates your agreement and understanding that this option is subject to all of the terms and conditions contained in Appendix A and the Plan. For example, important additional information on vesting and termination of this option is contained in Paragraphs 3 through 5 of Appendix A. ACCORDINGLY, PLEASE BE SURE TO READ ALL OF APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS OPTION. PIXAR DIRECTOR By Title: [NAME] APPENDIX A TERMS AND CONDITIONS OF STOCK OPTION

Amendment, Suspension, Termination. By accepting this option, the Director Employee expressly warrants that he or she has received an option to purchase stock under the Plan, and has received, read and understood the prospectus for the Plan. The Director Employee understands that the Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any time. PIXAR 2004 EQUITY INCENTIVE PLAN STOCK OPTION AGREEMENT Grant # Pixar (the “Company”) hereby grants you, [NAME OF DIRECTOREMPLOYEE] (the “DirectorEmployee”), a Nonqualified Stock Option under the Company’s 2004 Equity Incentive Plan (the “Plan”), to purchase shares of common stock of the Company (“Shares”). The date of this Agreement is [DATE] (the “Grant Date”). In general, the latest date this option will expire is [DATE 10 YEARS AFTER GRANT DATE] (the “Expiration Date”). However, as provided in Appendix A (attached hereto), this option may expire earlier than the Expiration Date. Subject to the provisions of Appendix A and of the Plan, the principal features of this option are as follows: Maximum Number of Shares Purchasable with this Option: 20,000 Shares [NUMBER A] Purchase Price per Share: $[PRICENUMBER B] Scheduled Vesting Dates: Number of Shares: Vesting Commencement Date [ENTER DATE] First Each annual anniversary of the Vesting Commencement Date 20,000 [25% OF NUMBER A] Event Triggering Termination of Option: Maximum Time to Exercise After Triggering Event*: Termination of Service within 1 year of Vesting Commencement Date None Termination of Service due to Disability 1 year Termination of Service due to death 1 year All other Terminations of Service 1 year 30 days * However, except in the event of death, this option may not be exercised after the Expiration Date. Your signature below indicates your agreement and understanding that this option is subject to all of the terms and conditions contained in Appendix A and the Plan. For example, important additional information on vesting and termination of this option is contained in Paragraphs 3 through 5 of Appendix A. ACCORDINGLY, PLEASE BE SURE TO READ ALL OF APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS OPTION. PIXAR DIRECTOR EMPLOYEE By Title: [NAME] APPENDIX A TERMS AND CONDITIONS OF STOCK OPTION

Amendment, Suspension, Termination. By accepting this option, the Director Employee expressly warrants that he or she has received an option to purchase stock under the Plan, and has received, read and understood the prospectus for the Plan. The Director Employee understands that the Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any time. o 0 o PIXAR 2004 EQUITY INCENTIVE PLAN STOCK OPTION AGREEMENT Grant # Pixar (the “Company”) hereby grants you, [NAME OF DIRECTOREMPLOYEE] (the “DirectorEmployee”), a Nonqualified Stock Option under the Company’s 2004 Equity Incentive Plan (the “Plan”), to purchase shares of common stock of the Company (“Shares”). The date of this Agreement is [DATE] (the “Grant Date”). In general, the latest date this option will expire is [DATE 10 YEARS AFTER GRANT DATE] (the “Expiration Date”). However, as provided in Appendix A (attached hereto), this option may expire earlier than the Expiration Date. Subject to the provisions of Appendix A and of the Plan, the principal features of this option are as follows: Maximum Number of Shares Purchasable with this Option: 20,000 Shares [NUMBER A] Purchase Price per Share: $[PRICENUMBER B] Scheduled Vesting Dates: Number of Shares: Vesting Commencement Date [ENTER DATE] First Each annual anniversary of the Vesting Commencement Date 20,000 [25% OF NUMBER A] Event Triggering Termination of Option: Maximum Time to Exercise After Triggering Event*: Termination of Service within 1 year of Vesting Commencement Date None Termination of Service due to Disability 1 year Termination of Service due to death 1 year All other Terminations of Service 1 year 90 days * However, except in the event of death, this option may not be exercised after the Expiration Date. Your signature below indicates your agreement and understanding that this option is subject to all of the terms and conditions contained in Appendix A and the Plan. For example, important additional information on vesting and termination of this option is contained in Paragraphs 3 through 5 of Appendix A. ACCORDINGLY, PLEASE BE SURE TO READ ALL OF APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS OPTION. PIXAR DIRECTOR EMPLOYEE By Title: [NAME] APPENDIX A TERMS AND CONDITIONS OF STOCK OPTION