Common use of NOTICE OF STOCK OPTION GRANT Clause in Contracts

NOTICE OF STOCK OPTION GRANT. Participant: Address: Participant has been granted an Option, 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: Subject to Participant continuing to be a Service Provider and other limitations set forth in the Plan and this Option Agreement, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % Termination Period: This Option will be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option will be exercisable for one (1) year after Participant ceases to be Service Provider. Notwithstanding the foregoing, in no event may this Option be exercised after the Term/Expiration Date as provided above.

Appears in 3 contracts

Samples: Stock Option Agreement (Dolby Laboratories, Inc.), Stock Option Agreement (Dolby Laboratories, Inc.), Executive Stock Option Agreement (Dolby Laboratories, Inc.)

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NOTICE OF STOCK OPTION GRANT. ParticipantOptionee: Address: Participant has been granted an Option, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Number ___________________________________ Date Address: ___________________________________ You have been granted an Option to purchase Common Stock of the Company (the “Option”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Vesting Commencement Date Date: ___________________________________ Exercise Price per Share Share: $___________________________________ Total Number of Shares Granted Granted: ___________________________________ Total Exercise Price Price: $___________________________________ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/___________________________________ Expiration Date: ___________________________________ Vesting Schedule: Subject to Participant continuing to be a Service Provider and other limitations set forth in ___________________________________. To the Plan and this Option Agreementextent vested, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % Termination Period: This Option will be exercisable for three (3) months after Participant ceases to be a following the Termination of Service Providerof Optionee, unless such termination is due to ParticipantOptionee’s death or Disability, in which case this Option will be exercisable for one twelve (112) year after Participant ceases months following the Termination of Service of Optionee. In the event of termination due to be Service ProviderOptionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoingforegoing sentence, in no event may this Option be exercised following the Termination of Service of Optionee as determined by the Company’s Board to be for Cause or after the Term/Expiration Date as provided aboveabove and this Option may be subject to earlier termination as provided in the Plan.

Appears in 3 contracts

Samples: Stock Option Agreement (Monaker Group, Inc.), Stock Option Agreement (Lucas Energy, Inc.), Stock Option Agreement (Lucas Energy, Inc.)

NOTICE OF STOCK OPTION GRANT. Participant: Address: Participant has been granted an Option, 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 Unapproved Option Term/Expiration Date: __________________________________ Vesting Schedule: Subject to Participant continuing to be a Service Provider and other limitations set forth in the Plan and this Option Agreement, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % Termination Period: This Option will be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option will be exercisable for one (1) year after Participant ceases to be Service Provider. Notwithstanding the foregoing, in no event may this Option be exercised after the Term/Expiration Date as provided above.

Appears in 2 contracts

Samples: Stock Option Agreement (Dolby Laboratories, Inc.), Executive Stock Option Agreement (Dolby Laboratories, Inc.)

NOTICE OF STOCK OPTION GRANT. ParticipantOptionee: Address: Participant has You have been granted an OptionOption 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: __________________________________ Date of Grant __________________________________ Vesting Commencement Date Date: __________________________________________ Exercise Price per Share $Share: __________________________________________ Total Number of Shares Granted Granted: __________________________________________ Total Exercise Price $Price: __________________________________________ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/__________________________________________ Expiration Date: __________________________________________ Vesting Schedule: Subject to Participant continuing to be a Service Provider and other limitations set forth in the Plan and this Option Agreement, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % __________________________________________ Termination Period: This __________________________________________ To the extent vested, this Option will be exercisable (i) for three (3) months after Participant Optionee ceases to be a Service ProviderProvider if and to the extent this Option is an ISO, unless such termination is due to ParticipantOptionee’s death or Disability, in which case this Option will be exercisable for one twelve (112) year months after Participant Optionee ceases to be a Service Provider, or (ii) through, if and to the extent this Option is not an ISO. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoingforegoing sentence, in no event may this Option be exercised after any termination of the Term/Optionee as a Service Provider determined by the Company’s Board to be for Cause or after the Expiration Date as provided aboveabove and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Native American Energy Group, Inc.)

NOTICE OF STOCK OPTION GRANT. ParticipantOptionee: Address: Participant has been granted an Option, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Number ___________________________________ Date Address: ___________________________________ You have been granted an Option to purchase common stock (the “Common Stock”) of the Company (the “Option” and the “Shares”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Vesting Commencement Date Date: ___________________________________ Exercise Price per Share Share: $___________________________________ Total Number of Shares Granted Granted: ___________________________________ Total Exercise Price Price: $___________________________________ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/☐ OR Non-Qualified ☐ Expiration Date: ___________________________________ Vesting Schedule: Subject ___________________________________, subject to Participant continuing the Optionee’s continued service to be a Service Provider and other limitations set forth in the Plan and this Option AgreementCompany. Notwithstanding the above, all of the unvested Options shall vest immediately upon Optionee’s death or Disability. To the extent vested, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % Termination Period: This Option will be exercisable for three (3) months after Participant ceases to be a Service Providerfollowing the termination of service of Optionee, unless such termination is due to ParticipantOptionee’s death or Disability, in which case this Option will be exercisable for one twelve (112) year after Participant ceases months, and except in the event termination is due to Optionee’s death, in which case this Option will be Service Providerexercisable for eighteen (18) months, in each case following the termination of service of Optionee. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoingforegoing sentence, in no event may this Option be exercised following the termination of service of Optionee as determined by the Company’s Board to be for Cause or after the Term/Expiration Date as provided above.above and this Option may be subject to earlier termination as provided in the Plan. 2022 Stock Option Agreement

Appears in 1 contract

Samples: Stock Option Agreement (Mangoceuticals, Inc.)

NOTICE OF STOCK OPTION GRANT. ParticipantOptionee: Address: Participant has been granted an Option, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Number ____________________________________________________ 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 Option Agreement, as follows: Grant Date: ___________________________________________________ Vesting Commencement Date Date: _____________________________________ Exercise Price per Share $Share: ________________________________________ Total Number of Shares Granted Granted: __________________________________ Total Exercise Price $Price: ___________________________________________ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/_______________________________________________ Expiration Date: _______________________________________________ Vesting Schedule: Subject to Participant continuing to be a Service Provider and other limitations set forth in the Plan and this Option Agreement, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % ______________________________________________ Termination Period: This ____________________________________________ To the extent vested, this Option will be exercisable for three (3) months after Participant Optionee ceases to be a Service Provider, unless such termination is due to ParticipantOptionee’s death or Disability, in which case this Option will be exercisable for one twelve (112) year months after Participant Optionee ceases to be a Service Provider. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoingforegoing sentence, in no event may this Option be exercised after any termination of the Term/Optionee as a Service Provider determined by the Company’s Board to be for Cause or after the Expiration Date as provided aboveabove and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Pedevco Corp)

NOTICE OF STOCK OPTION GRANT. ParticipantOptionee: Address: Participant has You have been granted an OptionOption 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: __________________________________ Date of Grant __________________________________ Vesting Commencement Date Date: _____________________________________ Exercise Price per Share $Share: ________________________________________ Total Number of Shares Granted Granted: __________________________________ Total Exercise Price $Price: ___________________________________________ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/_______________________________________________ Expiration Date: _______________________________________________ Vesting Schedule: Subject to Participant continuing to be a Service Provider and other limitations set forth in the Plan and this Option Agreement, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % ______________________________________________ Termination Period: This _______________________________________ To the extent vested, this Option will be exercisable for three (3) months after Participant Optionee ceases to be a Service Provider, unless such termination is due to ParticipantOptionee’s death or Disability, in which case this Option will be exercisable for one twelve (112) year months after Participant Optionee ceases to be a Service Provider. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoingforegoing sentence, in no event may this Option be exercised after any termination of the Term/Optionee as a Service Provider determined by the Company’s Board to be for Cause or after the Expiration Date as provided aboveabove and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Pacific Asia Petroleum Inc)

NOTICE OF STOCK OPTION GRANT. ParticipantOptionee: Address: Participant has You have been granted an Option to purchase Common Stock of the Company (the “Option”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Number __________________________________ Date of Grant _________________Date: _________________ Vesting Commencement Date _________________Date: _________________ Exercise Price per Share Share: $_________________________________ Total Number of Shares Granted _________________Granted: _________________ Total Exercise Price Price: $_________________________________ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/(ISO) Expiration Date: __________________________________ Vesting Schedule: Subject 1/4th of such Options vest on the first, second, third and fourth anniversaries of the Grant Date, subject to Participant continuing to be a Service Provider the terms hereof and other limitations set forth in the Plan and this Option AgreementPlan. To the extent vested, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % Termination Period: This Option will be exercisable for three (3) months after Participant ceases to be a following the Termination of Service Providerof Optionee, unless such termination is due to ParticipantOptionee’s death or Disability, in which case this Option will be exercisable for one twelve (112) year after Participant ceases months following the Termination of Service of Optionee. In the event of termination due to be Service ProviderOptionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoingforegoing sentence, in no event may this Option be exercised following the Termination of Service of Optionee as determined by the Company’s Board to be for Cause or after the Term/Expiration Date as provided aboveabove and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Trxade Group, Inc.)

NOTICE OF STOCK OPTION GRANT. ParticipantOptionee: Address: Participant has been granted an Option, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Number _______________________________________________ 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 Option Agreement, as follows: Grant Date: _______________________________________________ Vesting Commencement Date Date: _____________________________________ Exercise Price per Share $Share: ________________________________________ Total Number of Shares Granted Granted: __________________________________ Total Exercise Price $Price: ___________________________________________ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/_______________________________________________ Expiration Date: _______________________________________________ Vesting Schedule: Subject to Participant continuing to be a Service Provider and other limitations set forth in the Plan and this Option Agreement, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % ______________________________________________ Termination Period: This _______________________________________ To the extent vested, this Option will be exercisable for three (3) months after Participant Optionee ceases to be a Service Provider, unless such termination is due to ParticipantOptionee’s death or Disability, in which case this Option will be exercisable for one twelve (112) year months after Participant Optionee ceases to be a Service Provider. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoingforegoing sentence, in no event may this Option be exercised after any termination of the Term/Optionee as a Service Provider determined by the Company’s Board to be for Cause or after the Expiration Date as provided aboveabove and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Pedevco Corp)

NOTICE OF STOCK OPTION GRANT. Participant: Address: Participant has Name and Address of Employee You have been granted an Optionoption to purchase Common Stock, par value $2.00 per share, of The Cronos Group (the "Company"), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Number EMPLOYER NAME ________________________ DATE OF GRANT _________________________ EXERCISE PRICE PER SHARE $_____________________________ Date of Grant TOTAL NUMBER OF SHARES GRANTED ____________________ ("Optioned Shares") TOTAL EXERCISE PRICE $_________________________ Vesting Commencement Date TYPE OF OPTION ___ Incentive Stock Option ________ Nonqualified Stock Option TERM/EXPIRATION DATE _________________________ Exercise Price per Share $_________________________________ Total Number -1- 3 VESTING SCHEDULE. Conditional on the Employee's continued employment for at least 12 months after the Date of Shares Granted __________________________________ Total Exercise Price $_________________________________ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date: __________________________________ Vesting Schedule: Subject to Participant continuing to be Grant, unless a Service Provider and other limitations different vesting schedule is specified by the Committee as set forth in the Plan and this Option AgreementExhibit A, this Option shall become vested and may be exercised, in whole or in part, in accordance with the following scheduleas follows: Date of Vesting Total Number of Shares Vested Percent Vested 25 SHARES SUBJECT TO ANNIVERSARY OF DATE OF GRANT OPTION ---------------------------- ------ First anniversary............................. 25% 50 Second anniversary............................ 50% 75 % 100 % Termination Period: This Option will be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option will be exercisable for one (1) year after Participant ceases to be Service Provider. Notwithstanding the foregoing, in no event may this Option be exercised after the Term/Expiration Date as provided above.Third anniversary............................. 75%

Appears in 1 contract

Samples: Stock Option Agreement (Cronos Group)

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NOTICE OF STOCK OPTION GRANT. Participant: Address: Participant has You have been granted an Optionoption 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: ____ Total Exercise Price $_____________________________Incentive Stock Option ____ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date: __________________________________ ------------------------------------------ Exercise and Vesting Schedule: Subject This Option shall be exercisable in whole or in part, and shall vest according to Participant 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 and other limitations set forth in on such dates. Termination Period: This Option may be exercised, to the Plan and this Option Agreementextent it is then vested, for three months after Optionee ceases to be a Service Provider. Upon death or Disability of the Optionee, this Option may be exercised, in whole or in partto the extent it is then vested, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % Termination Period: This Option will be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option will be exercisable for one (1) year after Participant Optionee ceases to be Service Provider. Notwithstanding the foregoing, in In no event may shall this Option be exercised after later than the Term/Expiration Date as provided above.

Appears in 1 contract

Samples: Cisco Systems Inc

NOTICE OF STOCK OPTION GRANT. ParticipantOptionee: Address: Participant has been granted an Option, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Number ___________________________________ Date Address: ___________________________________ You have been granted an Option to purchase common stock (the “Common Stock”) of the Company (the “Option” and the “Shares”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Vesting Commencement Date Date: ___________________________________ Exercise Price per Share Share: $___________________________________ Total Number of Shares Granted Granted: ___________________________________ Total Exercise Price Price: $___________________________________ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/☐ OR Non-Qualified ☐ Expiration Date: ___________________________________ Vesting Schedule: Subject ___________________________________, subject to Participant continuing the Optionee’s continued service to be the Company. Notwithstanding the above, all of the unvested Options shall vest immediately upon Optionee’s death or Disability, termination of employment without cause or a Service Provider termination of Optionee for good reason (each as defined and other limitations set forth described in Optionee’s employment agreement), a Change in Control of the Plan and this Option AgreementCompany. To the extent vested, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % Termination Period: This Option will be exercisable for three (3) months after Participant ceases to be a Service Providerfollowing the termination of service of Optionee, unless such termination is due to ParticipantOptionee’s death or Disability, in which case this Option will be exercisable for one twelve (112) year after Participant ceases months, and except in the event termination is due to Optionee’s death, in which case this Option will be Service Providerexercisable for eighteen (18) months, in each case following the termination of service of Optionee. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoingforegoing sentence, in no event may this Option be exercised following the termination of service of Optionee as determined by the Company’s Board to be for Cause or after the Term/Expiration Date as provided aboveabove and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Us Energy Corp)

NOTICE OF STOCK OPTION GRANT. ParticipantOptionee: ________________ Address: Participant has been granted an Option, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Number ___________________________________ Date You have been granted an Option to purchase Common Stock of the Company (the “Option”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant __________________Date: ________________ Vesting Commencement Date __________________Date: ________________ Exercise Price per Share Share: $_________________________________ Total Number of Shares Granted __________________Granted: ________________ Total Exercise Price Price: $_________________________________ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date: ___________________ Expiration Date: ________________ Vesting Schedule: Subject to Participant continuing to be a Service Provider and other limitations set forth in ________________. To the Plan and this Option Agreementextent vested, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % Termination Period: This Option will be exercisable for three (3) months after Participant Optionee ceases to be a Service Provider, unless such termination is due to ParticipantOptionee’s death or Disability, in which case this Option will be exercisable for one twelve (112) year months after Participant Optionee ceases to be a Service Provider. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoingforegoing sentence, in no event may this Option be exercised after any termination of the Term/Optionee as a Service Provider determined by the Company’s Board to be for Cause or after the Expiration Date as provided aboveabove and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Pedevco Corp)

NOTICE OF STOCK OPTION GRANT. ParticipantName: Address: Participant The undersigned Optionee has been granted an OptionOption 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: Subject to Participant continuing to be a Service Provider and other limitations set forth in ________________________ Termination Period: To the Plan and this Option Agreementextent vested, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % Termination Period: This Option will shall be exercisable for three (3) months after Participant Optionee ceases to be a Service Provider, unless such termination is due to ParticipantOptionee’s death or Disability, in which case this Option will shall be exercisable for one twelve (112) year months after Participant Optionee ceases to be a Service Provider. Notwithstanding the foregoingforegoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided aboveabove and may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: China Public Security (China Public Security Technology, Inc.)

NOTICE OF STOCK OPTION GRANT. ParticipantOptionee: Address: Participant has been granted an Option, subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Number ___________________________________ Date Address: ___________________________________ You have been granted an Option to purchase common stock (the “Common Stock”) of the Company (the “Option” and the “Shares”), subject to the terms and conditions of the Plan and this Option Agreement, as follows: Grant Date: ___________________________________ Vesting Commencement Date Date: ___________________________________ Exercise Price per Share Share: $___________________________________ Total Number of Shares Granted Granted: ___________________________________ Total Exercise Price Price: $___________________________________ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/☐ OR Non-Qualified ☐ Expiration Date: ___________________________________ Vesting Schedule: Subject ___________________________________, subject to Participant continuing the Optionee’s continued service to be a Service Provider and other limitations set forth in the Plan and this Option AgreementCompany. Notwithstanding the above, all of the unvested Options shall vest immediately upon Optionee’s death or Disability. To the extent vested, this Option may be exercised, in whole or in part, in accordance with the following schedule: Date of Vesting Total Number of Shares Vested Percent Vested 25 % 50 % 75 % 100 % Termination Period: This Option will be exercisable for three (3) months after Participant ceases to be a Service Providerfollowing the termination of service of Optionee, unless such termination is due to ParticipantOptionee’s death or Disability, in which case this Option will be exercisable for one twelve (112) year after Participant ceases months, and except in the event termination is due to Optionee’s death, in which case this Option will be Service Providerexercisable for eighteen (18) months, in each case following the termination of service of Optionee. In the event of termination due to Optionee’s death, the Company shall use commercially reasonable efforts to notify Optionee’s estate of the exercisability of the Option following Optionee’s death. Notwithstanding the foregoingforegoing sentence, in no event may this Option be exercised following the termination of service of Optionee as determined by the Company’s Board to be for Cause or after the Term/Expiration Date as provided aboveabove and this Option may be subject to earlier termination as provided in the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Kidpik Corp.)

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