NOTICE OF STOCK OPTION Sample Clauses
NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxx Xxxxxx 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: October 23, 1998 Vesting Commencement Date: October 15, 1998 Exercise Price per Share: $0.50 Total Number of Shares Granted: 90,000 Total Exercise Price: $45,000 Type of Option: X Incentive Stock Option ----- _____ Nonstatutory Stock Option Term/Expiration Date: Ten Years/ October 23, 2008* _______________ * Or earlier, pursuant to the termination period set forth below. Exercise and Vesting Schedule: ----------------------------- This Option is exercisable immediately, in whole or in part, and shall vest according to the following vesting schedule: One-sixteenth (1/16th) of the Shares subject to the Option shall vest three months after the Vesting Commencement Date and on the last day of each three month anniversary thereafter, subject to your continuing to be a Service Provider on such dates.
NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxxxxx Xxx 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 November 5, 2001 Vesting Commencement Date November 5, 2001 Exercise Price per Share $4.90 Total Number of Shares Granted 500,000 Total Exercise Price $2,450,000.00 Type of Option ___ Incentive Stock Option X Nonstatutory Stock Option --- Term/Expiration Date: November 4, 2011 Exercise and Vesting Schedule: ----------------------------- Subject to accelerated vesting as set forth below, this Option may be exercised, in whole or in part, in accordance to the following vesting schedule:
NOTICE OF STOCK OPTION. GRANT ---------------------------- Optionee: The undersigned Optionee has 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 ____________________ Vesting Commencement Date ____________________ Exercise Price per Share $___________________ Total Number of Shares Granted ____________________ Total Exercise Price $___________________ Type of Option: _____ Incentive Stock Option _____ Non-Statutory Stock Option Term/Expiration Date: 10 Years/______________ Vesting Schedule: ---------------- You may exercise this Option, in whole or in part, according to the following vesting schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Commencement Date, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to Optionee's continuing to be a Service Provider on such dates.
NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxx Xxxxx 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 November 5, 2001 Vesting Commencement Date November 5, 2001 Exercise Price per Share $4.90 Total Number of Shares Granted 1,400,000 Total Exercise Price $6,860,000.00 Type of Option _____ Incentive Stock Option X Nonstatutory Stock Option ----- Term/Expiration Date: November 4, 2011 Exercise and Vesting Schedule: ----------------------------- Subject to accelerated vesting as set forth below, this Option may be exercised, in whole or in part, in accordance to the following vesting schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Commencement Date, and 1/48 of the Shares subject to the Option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date, subject to the Optionee continuing to be a Service Provider on such dates.
NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxxx XxXxxxxxx ___________________ ___________________ The undersigned Optionee has 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 March 30, 1999 -------------- Vesting Commencement Date March 15, 1999 -------------- Exercise Price per Share $2.25 ----- Total Number of Shares Granted 115,000 ------- Total Exercise Price $258,750 -------- Type of Option: X Incentive Stock Option --- (ISO to the maximum extent permissible under law.) Nonstatutory Stock Option --- Term/Expiration Date: March 30, 2009 -------------- Vesting Schedule: ---------------- This Option shall be exercisable, in whole or in part, according to the following vesting schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Commencement Date, and 1/48 of the Shares subject to the Option shall vest at the end of each calendar month thereafter, subject in each case to Optionee's continuing to be a Service Provider on such dates; provided, however, ----------------- that, 50% of the then unvested portion of the Option shall immediately vest and become exercisable in full in the event of a Change of Control of the Company, and the Optionee shall have the right to exercise such additional vested portion of the Option at such time. For purposes hereof, a "Change of Control" shall include any of the following shareholder-approved transactions to which the Company is a party:
(i) a merger or consolidation in which the Company is not the surviving entity, except for (A) a transaction the principal purpose of which is to change the state of the Company's incorporation, or (B) a transaction in which the Company's shareholders immediately prior to such merger or consolidation hold (by virtue of securities received in exchange for their shares in the Company) securities of the surviving entity representing more than fifty percent (50%) of the total voting power of such entity immediately after such transaction;
(ii) the sale, transfer or other disposition of all or substantially all of the assets of the Company unless the Company's shareholders immediately prior to such sale, transfer or other disposition hold (by virtue of securities received in exchange for their shares in the Company) securities of the purchaser or other transferee representing more than fifty percent (50%) of the total voting power of such entit...
NOTICE OF STOCK OPTION. GRANT ----------------------------
NOTICE OF STOCK OPTION. GRANT ---------------------------- [Optionee's Name and 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 Option Agreement, as follows: Grant Number _________________________ Date of Grant _________________________ Vesting Commencement Date _________________________ Exercise Price per Share $________________________ Total Number of Shares Granted _________________________ Total Exercise Price $_________________________ Type of Option: ___ Incentive Stock Option ___ Nonstatutory Stock Option Term/Expiration Date: _________________________ Vesting Schedule: ---------------- This Option may be exercised, in whole or in part, in accordance with the following schedule: Termination Period: ------------------ This Option may be exercised for _____ [days/months] after Optionee ceases to be a Service Provider. Upon the death or Disability of the Optionee, this Option may be exercised for such longer period as provided in the Plan. In no event shall this Option be exercised later than the Term/Expiration Date as provided above.
NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxxxxxx Xxx 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 December 24, 1999 Vesting Commencement Date December 24, 1999 Exercise Price per Share $6.00 Total Number of Shares Granted 100,000.00 Total Exercise Price $600,000.00
NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxxxxxx Xxxxxxxxxx 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 02/02/2000 Vesting Commencement Date 02/02/2000 Exercise Price per Share $28.00 Total Number of Shares Granted 150,000 Total Exercise Price $4,200,000.00 Type of Option: X Incentive Stock Option ------- _______ Nonstatutory Stock Option Term/Expiration Date: 02/01/2010 Exercise and Vesting Schedule: ----------------------------- The Shares subject to this Option shall vest according to the following schedule: Provided that Optionee maintains a continuous status as a Service Provider of the Company, Optionee shall vest and the Option shall be exercisable as to 12/48ths of the Shares on the one year anniversary of the Vesting Commencement Date and at the rate of 1/48th of the Shares on the last day of each full calendar month thereafter, provided that the Purchaser is a Service Provider of the Company as of such date. Termination Period: ------------------ This Option shall be 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 Plan. In no event may Optionee exercise this Option after the Term/Expiration Date as provided above.
NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxxx Xxxxxxxx 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: February 1, 2000 Vesting Commencement Date: January 1, 2000 Exercise Price per Share: $4.00 Total Number of Shares Granted: 150,000 Total Exercise Price: $600,000.00 Type of Option: ___ Incentive Stock Option X Nonstatutory Stock Option --- Term/Expiration Date: Ten Years/February 1,2010* ________________ * Or earlier, pursuant to the termination period set forth below. Exercise and Vesting Schedule: ----------------------------- This Option is exercisable immediately, in whole or in part, and shall vest according to the following vesting schedule: One-half (1/2) of the Shares subject to this Option shall vest on January 1, 2002 and one-sixteenth (1/16th) of the Shares subject to this Option shall vest on April 1, 2002 and on the last day of each three month anniversary thereafter, subject to your continuing to be a Service Provider on such dates; provided, however, if your employment with the Company is terminated prior to January 1, 2002 by reason of your death or disability (as defined in the Plan), then the shares shall become vested on an accelerated basis, and the Company's repurchase right shall accordingly lapse, in accordance with the following schedule: one-sixteenth (1/16th) of the shares subject to this Option shall vest for each three (3) month period, measured from January 1, 2000, for which you completed employment with the Company prior to your termination by reason of death or disability.