Common use of Grant of Option; Certain Terms and Conditions Clause in Contracts

Grant of Option; Certain Terms and Conditions. Virata and the --------------------------------------------- Company hereby grant to Employee, and Employee hereby accepts, as of the Date of Grant, an option (the "Option") to purchase the number of Ordinary Shares indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). The Option shall become exercisable to purchase upon vesting, and shall vest with respect to that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below (the "Options Subject to Vesting").

Grant of Option; Certain Terms and Conditions. Virata and the --------------------------------------------- The Company hereby grant grants to Employee, and Employee hereby accepts, as of the Date of Grant, an option (the "Option") to purchase the number of Ordinary Shares shares of Common Stock indicated below (the "Option Shares") at the Exercise Price per share indicated below, which option shall expire at 5:00 o'clock p.m., California time, on the Expiration Date indicated below and shall be subject to all of the terms and conditions set forth in this Agreement (the "Option"). The On ___________________________, the Option shall become exercisable to purchase upon vestingpurchase, and shall vest with respect to to, that number of Option Shares (rounded to the nearest whole share) equal to the total number of Option Shares multiplied by the Vesting Rate indicated below below. Employee: Date of Grant: Number of shares purchasable: Exercise Price per share: Expiration Date: Vesting Rate: The Option is intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code (the an "Options Subject to VestingIncentive Stock Option").) and consequently: