Common use of Amendment, Suspension, Termination Clause in Contracts

Amendment, Suspension, Termination. By accepting this option, the 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 Employee understands that the Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any time. Pixar (the “Company”) hereby grants you, [NAME OF EMPLOYEE] (the “Employee”), 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: [NUMBER A] Purchase Price per Share: $[NUMBER B] Vesting Commencement Date [ENTER DATE] Each annual anniversary of the Vesting Commencement Date [25% OF NUMBER A] 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 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. By Title: [NAME]

Amendment, Suspension, Termination. By accepting this option, the Employee 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 Employee Director understands that the Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any time. Pixar (the “Company”) hereby grants you, [NAME OF EMPLOYEEDIRECTOR] (the “EmployeeDirector”), 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: [NUMBER A] 10,000 Shares Purchase Price per Share: $[NUMBER BPRICE] Vesting Commencement Date [ENTER DATE] Each First annual anniversary of the Vesting Commencement Date [25% OF NUMBER A] 10,000 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 30 days 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. By Title: [NAME]

Amendment, Suspension, Termination. By accepting this option, the 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 Employee understands that the Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any time. Pixar (the “Company”) hereby grants you, [NAME OF EMPLOYEE] (the “Employee”), 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: [NUMBER A] Purchase Price per Share: $[NUMBER B] Vesting Commencement Date [ENTER DATE] Each annual anniversary of the Vesting Commencement Date [25% OF NUMBER A] 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 30 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. By Title: [NAME]

Amendment, Suspension, Termination. By accepting this option, the Employee 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 Employee Director understands that the Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any time. Pixar (the “Company”) hereby grants you, [NAME OF EMPLOYEEDIRECTOR] (the “EmployeeDirector”), 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: [NUMBER A] 20,000 Shares Purchase Price per Share: $[NUMBER BPRICE] Vesting Commencement Date [ENTER DATE] Each First annual anniversary of the Vesting Commencement Date [25% OF NUMBER A] 20,000 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 30 days 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. By Title: [NAME]