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 October 18 , 2001 Vesting Commencement Date October 18, 2001 Exercise Price per Share $4.89 Total Number of Shares Granted 7,500 Total Exercise Price $36,675.00 Type of Option: ____ Incentive Stock Option X Nonstatutory Stock Option ---- Term/Expiration Date: October 17, 2011 Vesting Schedule: ---------------- This Option may be exercised, in whole or in part, in accordance with the following schedule: This Option shall vest and become exercisable as to one-hundred percent (100%) of the Shares subject to the Option on the one year anniversary of the Vesting Commencement Date, provided that the Optionee continues to be a Director on such date.

Appears in 1 contract

Samples: Stock Option Agreement (Avanex Corp)

AutoNDA by SimpleDocs

NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxxxx 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 October 18 , 2001 Vesting Commencement Date October 18, 2001 Exercise Price per Share $4.89 Total Number of Shares Granted 7,500 Total Exercise Price $36,675.00 Type of Option: _____ Incentive Stock Option X Nonstatutory Stock Option ---- ----- Term/Expiration Date: October 17, 2011 Vesting Schedule: ---------------- This Option may be exercised, in whole or in part, in accordance with the following schedule: This Option shall vest and become exercisable as to one-hundred percent (100%) of the Shares subject to the Option on the one year anniversary of the Vesting Commencement Date, provided that the Optionee continues to be a Director on such date.

Appears in 1 contract

Samples: Director Option Agreement (Avanex Corp)

NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxx Xxxxx Xxxxxxxx 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 18 18, 2001 Vesting Commencement Date October 18, 2001 Exercise Price per Share $4.89 Total Number of Shares Granted 7,500 Total Exercise Price $36,675.00 Type of Option: ____ Incentive Stock Option X Nonstatutory Stock Option ---- --- Term/Expiration Date: October 17, 2011 Vesting Schedule: ---------------- This Option may be exercised, in whole or in part, in accordance with the following schedule: This Option shall vest and become exercisable as to one-hundred percent (100%) of the Shares subject to the Option on the one year anniversary of the Vesting Commencement Date, provided that the Optionee continues to be a Director on such date.

Appears in 1 contract

Samples: Director Option Agreement (Avanex Corp)

AutoNDA by SimpleDocs

NOTICE OF STOCK OPTION. GRANT ---------------------------- Xxxx Xxxxx 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 18 , 2001 Vesting Commencement Date October 18, 2001 Exercise Price per Share $4.89 Total Number of Shares Granted 7,500 Total Exercise Price $36,675.00 Type of Option: _____ Incentive Stock Option X Nonstatutory Stock Option ---- --- Term/Expiration Date: October 17, 2011 Vesting Schedule: ---------------- This Option may be exercised, in whole or in part, in accordance with the following schedule: This Option shall vest and become exercisable as to one-hundred percent (100%) of the Shares subject to the Option on the one year anniversary of the Vesting Commencement Date, provided that the Optionee continues to be a Director on such date.

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!