Common use of NOTICE OF STOCK OPTION Clause in Contracts

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.

Appears in 1 contract

Samples: Stock Option Agreement (Avanex Corp)

AutoNDA by SimpleDocs

NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxx Xxxxx 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 5January 14, 2001 1999 Vesting Commencement Date November 5February 1, 2001 1999 Exercise Price per Share $4.90 0.04 Total Number of Shares Granted 1,400,000 450,000 Total Exercise Price $6,860,000.00 18,000.00 Type of Option: X Incentive Stock Option ----- _____ Incentive Stock Option X Nonstatutory Stock Option ----- Term/Expiration Date: November 4January 14, 2011 2009 Exercise and Vesting Schedule: ----------------------------- Subject The Shares subject to accelerated vesting as set forth below, this Option may be exercised, in whole or in part, in accordance shall vest according to the following vesting schedule: 25% 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 subject to on the Option shall vest twelve months after one year anniversary of the Vesting Commencement Date, Date and 1/48 at the rate of 1/48th of the Shares subject to the Option shall vest each month thereafter on the same last day of each full calendar month thereafter, provided that the month as the Vesting Commencement Date, subject to the Optionee continuing to be Purchaser is a Service Provider on of the Company as of such datesdate.

Appears in 1 contract

Samples: Stock Option Agreement (Avanex Corp)

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 1,400,000 250,000 Total Exercise Price $6,860,000.00 1,225,000.00 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.

Appears in 1 contract

Samples: Stock Option Agreement (Avanex Corp)

NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxx Xxxxx 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 November 5, 2001 Vesting Commencement Date November 5, 2001 Exercise Price per Share $4.90 2.45 Total Number of Shares Granted 1,400,000 200,000 Total Exercise Price $6,860,000.00 490,000.00 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: 25The Option shall vest as to 50% of the Shares subject to the Option on the Vesting Commencement Date and the remaining 50% 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 one year anniversary of the month as the Vesting Commencement Date, subject to the Optionee continuing to be a Service Provider on such dates.

Appears in 1 contract

Samples: Stock Option Agreement (Avanex Corp)

NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxxx 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 1,400,000 150,000 Total Exercise Price $6,860,000.00 735,000.00 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.

Appears in 1 contract

Samples: Stock Option Agreement (Avanex Corp)

AutoNDA by SimpleDocs

NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxx Xxxxx 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 1,400,000 1,000,000 Total Exercise Price $6,860,000.00 4,900,000.00 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.

Appears in 1 contract

Samples: Stock Option Agreement (Avanex Corp)

NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxx Xxxxx 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 November 5August 14, 2001 Vesting Commencement Date November 5May 24, 2001 Exercise Price per Share $4.90 7.45 Total Number of Shares Granted 1,400,000 200,000 Total Exercise Price $6,860,000.00 1,490,000.00 Type of Option __X Incentive Stock Option --- ___ Incentive Stock Option X Nonstatutory Stock Option ----- Term/Expiration Date: November 4August 13, 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% The Option shall vest over a four-year period from the Vesting Commencement Date with 6/48ths of the Shares subject to the Option shall vest twelve vesting at the end of six months after the Vesting Commencement Date, and 1/48 1/48/th/ of the Shares subject to the Option shall vest vesting at the end of each month thereafter on the same day of the month as the Vesting Commencement Datethereafter, subject to the Optionee continuing to be a Service Provider on such dates.

Appears in 1 contract

Samples: Stock Option Agreement (Avanex Corp)

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 5April 30, 2001 Vesting Commencement Date November 5April 30, 2001 Exercise Price per Share $4.90 13.19 Total Number of Shares Granted 1,400,000 1,600,000 Total Exercise Price $6,860,000.00 21,104,000.00 Type of Option X Incentive Stock Option ----- _____ Incentive Stock Option X Nonstatutory Stock Option ----- Term/Expiration Date: November 4April 29, 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: 25The Option shall vest over a four-year period from the date of grant with 15% of the Shares subject to shares vesting at the Option shall vest twelve end of six months after the Vesting Commencement Date, and 1/48 1/42/nd/ of the Shares subject to shares remaining vesting at the Option shall vest end of each month thereafter on the same day of the month as the Vesting Commencement Datethereafter, subject to the Optionee continuing to be a Service Provider on such dates.

Appears in 1 contract

Samples: Stock Option Agreement (Avanex Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!