Common use of Option Grant Clause in Contracts

Option Grant. Effective as of January 28, 2008 (the “Grant Date”), pursuant to a stock option agreement, Executive will be awarded an option to purchase Two Hundred Sixty Thousand (260,000) shares of Avid Technology, Inc. common stock (the “Stock Option”). The exercise price will be the closing price of the stock on the Grant Date. a) Fifty Thousand (50,000) shares of the Stock Option will vest on a time-based schedule in equal 6.25% increments every three months ending on the fourth anniversary of the Grant Date, as long as Executive is employed by the Company on each such vesting date. b) One Hundred Thousand (100,000) shares of the Stock Option will vest on a performance-based schedule, as follows: (1) Fifty Thousand (50,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Date during which the common stock of the Company, as quoted on Nasdaq (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $50.84, as adjusted for stock splits and stock dividends; and (2) An additional Fifty Thousand (50,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Date during which the common stock of the Company, as quoted on Nasdaq (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $76.26, as adjusted for stock splits and stock dividends. c) One Hundred Ten Thousand (110,000) shares of the Stock Option (the “XXX Option Shares”) will vest in accordance with the following table, based upon improvement in the Company’s Return on Equity, or XXX (as defined below), in calendar year periods, commencing with calendar year 2008. Improvements for each calendar year shall be measured against a baseline XXX for the 12-month period ended September 30, 2007 (“Baseline”). The Board shall make the final determination of XXX and the XXX percentage point improvement for purposes hereof for each calendar year no later then the 1st day of March following the end of such calendar year. The determination of XXX shall be derived upon the Company’s audited financial statements for the applicable calendar year and the unaudited financial statements for the Baseline period. The XXX Option Shares, if any, that are not vested at the end of the seventh calendar year (2014) shall be forfeited.

Option Grant. On the Effective as of January 28, 2008 (the “Grant Date”), pursuant to a stock option agreement, Executive will be awarded an option to purchase Two Hundred Sixty Forty Five Thousand (260,000245,000) shares of Avid Technology, Inc. common stock (the “Stock Option”). The exercise price will be the closing price of the stock on the Grant Effective Date. a) Fifty Thirty Five Thousand (50,00035,000) shares of the Stock Option will vest on a time-based schedule in equal 6.25% increments every three months ending on the fourth anniversary of the Grant Effective Date, as long as Executive is employed by the Company on each such vesting date. b) One Hundred Thousand (100,000) shares of the Stock Option will vest on a performance-based schedule, as follows: (1) Fifty Thousand (50,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $50.84, as adjusted for stock splits and stock dividends; and (2) An additional Fifty Thousand (50,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $76.26, as adjusted for stock splits and stock dividends. c) One Hundred Ten Thousand (110,000) shares of the Stock Option (the “XXX Option Shares”) will vest in accordance with the following table, based upon improvement in the Company’s Return on Equity, or XXX (as defined below), in calendar year periods, commencing with calendar year 2008. Improvements for each calendar year shall be measured against a baseline XXX for the 12-month period ended September 30, 2007 (“Baseline”). The Board shall make the final determination of XXX and the XXX percentage point improvement for purposes hereof for each calendar year no later then the 1st day of March following the end of such calendar year. The determination of XXX shall be derived upon the Company’s audited financial statements for the applicable calendar year and the unaudited financial statements for the Baseline period. The XXX Option Shares, if any, that are not vested at the end of the seventh calendar year (2014) shall be forfeited.

Option Grant. Effective as of January 28, 2008 (the “Grant Effective Date”), pursuant to a stock option agreement, Executive will be awarded an option to purchase Two Seven Hundred Sixty Twenty-Five Thousand (260,000725,000) shares of Avid Technology, Inc. common stock (the “Stock Option”). The exercise price will be the closing price of the stock on the Grant DateEffective Date (the “Start Price”). a) Fifty One Hundred Thousand (50,000100,000) shares of the Stock Option will vest on a time-based schedule in equal 6.25% increments every three months ending months, with the first vesting date on March 19, 2008 and the fourth anniversary of the Grant Datelast vesting date on December 19, 2011, as long as Executive is employed by the Company on each such vesting date. b) One Three Hundred Thousand (100,000300,000) shares of the Stock Option will vest on a performance-based schedule, as follows: (1) One Hundred Fifty Thousand (50,000150,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $50.84twice the Start Price, as adjusted for stock splits and stock dividends; and (2) An additional One Hundred Fifty Thousand (50,000150,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $76.26three times the Start Price, as adjusted for stock splits and stock dividends. c) One Three Hundred Ten Twenty-Five Thousand (110,000325,000) shares of the Stock Option (the “XXX Option Shares”) will vest in accordance with the following table, based upon improvement in the Company’s Return on Equity, or XXX (as defined below), in calendar year periods, commencing with calendar year 2008. Improvements for each calendar year shall be measured against a baseline XXX for the 12-month period ended September 30, 2007 (“Baseline”). The Board (excluding Executive if he is a member of the Board) shall make the final determination of XXX and the XXX percentage point improvement for purposes hereof for each calendar year no later then the 1st day of March following the end of such calendar year. The determination of XXX shall be derived upon the Company’s audited financial statements for the applicable calendar year and the unaudited financial statements for the Baseline period. The XXX Option Shares, if any, that are not vested at the end of the seventh calendar year (2014) shall be forfeited.

Option Grant. Effective as of January 28, 2008 (the “Grant Effective Date”), pursuant to a stock option agreement, Executive will be was awarded an option to purchase Two Four Hundred Sixty Sixty-Five Thousand (260,000465,000) shares of Avid Technology, Inc. common stock (the “"Stock Option”"). The exercise price will be is the closing price of the stock on the Grant DateEffective Date (the "Start Price"). a) Fifty Sixty Five Thousand (50,00065,000) shares of the Stock Option will vest on a time-based schedule in equal 6.25% increments every three months ending months, with the first vesting date on May 11, 2013 and the fourth anniversary of the Grant Datelast vesting date on February 11, 2017, as long as Executive is employed by the Company on each such vesting date. b) One Four Hundred Thousand (100,000) shares of the Stock Option will vest on a performance-based schedule, as follows: (1) Fifty Thousand (50,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Date during which the common stock of the Company, as quoted on Nasdaq (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $50.84, as adjusted for stock splits and stock dividends; and (2) An additional Fifty Thousand (50,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Date during which the common stock of the Company, as quoted on Nasdaq (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $76.26, as adjusted for stock splits and stock dividends. c) One Hundred Ten Thousand (110,000400,000) shares of the Stock Option (the “"XXX Option Shares”") will vest in accordance with the following table, based upon improvement in the Company’s 's Return on Equity, or XXX (as defined below), in calendar year periods, commencing with calendar year 20082013. Improvements for each calendar year shall be measured against a baseline XXX for the 12-month period ended September 30December 31, 2007 2012 (“"Baseline”"). XXX Percentage Point Improvement in Calendar Year Compared to Baseline Percentage ofROE OptionShares to Vest 14% 100% 12% 90% 10% 75% 8% 60% 6% 45% 4% 30% 2% 15% 0% 0% The Board (excluding Executive if becomes a member of the Board) shall make the final determination of XXX and the XXX percentage point improvement for purposes hereof for each calendar year no later then than the 1st day of March following the end of such calendar year. The determination of XXX shall be derived upon the Company’s 's audited financial statements for the applicable calendar year and the unaudited financial statements for the Baseline period. The XXX Option Shares, if any, that are not vested at the end of the seventh calendar year (2014) shall be forfeited. For the avoidance of doubt, the vested percentage at any time shall not be less than the vested percentage at any prior time. For example, if XXX for 2013 is 4% above the Baseline, 30% of the XXX Option will be vested; if XXX for 2014 is only 2% above the Baseline, the vested percentage shall remain 30%; and if XXX for 2015 is 6% above the Baseline, the vested percentage shall increase to 45% and shall not thereafter be reduced.

Option Grant. Effective as of January 28, 2008 (the “Grant Effective Date”), pursuant to a stock option agreement, Executive will be awarded an option to purchase Two Seven Hundred Sixty Twenty-Five Thousand (260,000725,000) shares of Avid Technology, Inc. common stock (the “"Stock Option”"). The exercise price will be the closing price of the stock on the Grant DateEffective Date (the "Start Price"). (a) Fifty One Hundred Thousand (50,000100,000) shares of the Stock Option will vest on a time-based schedule in equal 6.25% increments every three months ending months, with the first vesting date on March 19, 2008 and the fourth anniversary of the Grant Datelast vesting date on December 19, 2011, as long as Executive is employed by the Company on each such vesting date. (b) One Three Hundred Thousand (100,000300,000) shares of the Stock Option will vest on a performance-based schedule, as follows: (1) One Hundred Fifty Thousand (50,000150,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $50.84twice the Start Price, as adjusted for stock splits and stock dividends; and (2) An additional One Hundred Fifty Thousand (50,000150,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $76.26three times the Start Price, as adjusted for stock splits and stock dividends. (c) One Three Hundred Ten Twenty-Five Thousand (110,000325,000) shares of the Stock Option (the “"XXX Option Shares”") will vest in accordance with the following table, based upon improvement in the Company’s 's Return on Equity, or XXX (as defined below), in calendar year periods, commencing with calendar year 2008. Improvements for each calendar year shall be measured against a baseline XXX for the 12-month period ended September 30, 2007 (“"Baseline”"). XXX Percentage Point Improvement in Calendar Year Compared to Baseline Percentage ofROE OptionShares to Vest 14% 100% 12% 90% 10% 75% 8% 60% 6% 45% 4% 30% 2% 15% 0% 0% The Board (excluding Executive if he is a member of the Board) shall make the final determination of XXX and the XXX percentage point improvement for purposes hereof for each calendar year no later then than the 1st day of March following the end of such calendar year. The determination of XXX shall be derived upon the Company’s 's audited financial statements for the applicable calendar year and the unaudited financial statements for the Baseline period. The XXX Option Shares, if any, that are not vested at the end of the seventh calendar year (2014) shall be forfeited. "Return on Equity" or "XXX" shall be determined using the Company's non-GAAP net income as published in an earning release, adding the provision for income taxes and subtracting the non-GAAP related tax adjustments for the applicable period and dividing by the average common stockholder equity during the same period. Notwithstanding the foregoing, the XXX Option Shares will vest in full at the end of the first 20 consecutive trading day period following the Effective Date during which the common stock of the Company, as quoted on Nasdaq (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share at least four times the Start Price, as adjusted for stock splits and stock dividends.

Option Grant. On the Effective as of January 28, 2008 (the “Grant Date”), pursuant to a stock option agreement, Executive will be awarded an option to purchase Two Hundred Sixty Thousand two hundred thousand (260,000200,000) shares of Avid Technology, Inc. common stock (the “Stock Option”). The exercise price will be the closing price of the stock on the Grant Effective Date. a(i) Fifty Thousand (50,000) shares of the Stock Option will vest on a time-based schedule schedule, twenty-five percent (25%) of which will vest on the first twelve-month anniversary of the Effective Date and the remaining seventy-five percent (75%) will vest in equal 6.25% increments every three (3) months thereafter ending on the fourth anniversary of the Grant Effective Date, as long as Executive is employed by the Company on each such vesting date. b(ii) One Hundred Fifty Thousand (100,000150,000) shares of the Stock Option will vest on a performance-based schedule, as follows, as long as Executive is employed by the Company on each such vesting date: (1a) Fifty Thousand (50,000) shares of the Stock Option will vest at the end of the first 20 twenty (20) consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $50.8435.00, as adjusted for stock splits and stock dividends; and; (2b) An additional Fifty Thousand (50,000) shares of the Stock Option will vest at the end of the first 20 twenty (20) consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $76.2650.00, as adjusted for stock splits and stock dividends.; and (c) One Hundred Ten Fifty Thousand (110,00050,000) shares of the Stock Option (the “XXX Option Shares”) will vest in accordance with the following tabletable (as long as Executive is employed by the Company on each such vesting date), based upon improvement in the Company’s Return on Equity, or XXX (as defined below), in calendar year periods, commencing with calendar year 20082009. Improvements for each calendar year shall be measured against a baseline XXX for the 12-month period ended September 30, 2007 (“Baseline”). The Board shall make the final determination of XXX and the XXX percentage point improvement for purposes hereof determinations for each calendar year no later then period will be made by the 1st day Board of March Directors, or a duly authorized committee thereof, promptly following the end of such calendar year. The determination of XXX shall date the Company files its annual report on Form 10-K with the Securities and Exchange Commission for that period and will be derived based upon the Company’s audited financial statements for the applicable calendar year and the unaudited financial statements for the Baseline period. The XXX Option Shares, if any, that are not vested at as of the end date that the Board makes the final determination of XXX for the seventh calendar year (20142015) shall be forfeited.

Option Grant. On the Effective as of January 28, 2008 (the “Grant Date”), pursuant to a stock option agreement, Executive will be awarded an option to purchase Two Hundred Sixty Thousand seventy-five thousand (260,00075,000) shares of Avid Technology, Inc. common stock (the “Stock Option”). The exercise price will be the closing price of the common stock on the Grant Effective Date. a(i) Fifty Twenty-Seven Thousand Five Hundred (50,00027,500) shares of the Stock Option will vest on a time-based schedule schedule, twenty-five percent (25%) of such shares will vest on the first anniversary of the Effective Date and the remaining seventy-five percent (75%) of such shares will vest in thirty-six (36) equal 6.25% increments every three months monthly installments thereafter ending on the fourth anniversary of the Grant Effective Date, as long as Executive is employed by the Company on each such vesting date. b(ii) One Forty-Seven Thousand Five Hundred Thousand (100,00047,500) shares of the Stock Option (the “XXX Option Shares”) will vest on a performance-based schedule, tied to the Company’s achievement of annual Return on Equity (“XXX”) (as follows: (1determined below) Fifty Thousand (50,000) targets as set forth in the following schedule, commencing with calendar year 2010, provided Executive is employed by the Company on each such vesting date: XXX will be the percentage determined using the Company’s published non-GAAP pre-tax income for the applicable year divided by the average common stockholder equity during the same year. XXX determinations for each year will be made by the Board or a duly authorized committee thereof, based upon the Company’s financial results for the applicable calendar year. Any shares that have not vested as of the Stock date the Board makes the final determination of XXX for 2020 will be forfeited. Notwithstanding the above, 50% of the XXX Option Shares will vest at the end of the first 20 twenty (20) consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $50.8435.00, as adjusted for stock splits and stock dividends; and (2) An additional Fifty Thousand (50,000) shares of , and the Stock remaining XXX Option Shares will vest at the end of the first 20 twenty (20) consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $76.2650.00, as adjusted for stock splits and stock dividends. c) One Hundred Ten Thousand (110,000) shares of the Stock Option (the “XXX Option Shares”) will vest in accordance with the following table, based upon improvement in the Company’s Return on Equity, or XXX (as defined below), in calendar year periods, commencing with calendar year 2008. Improvements for each calendar year shall be measured against a baseline XXX for the 12-month period ended September 30, 2007 (“Baseline”). The Board shall make the final determination of XXX and the XXX percentage point improvement for purposes hereof for each calendar year no later then the 1st day of March following the end of such calendar year. The determination of XXX shall be derived upon the Company’s audited financial statements for the applicable calendar year and the unaudited financial statements for the Baseline period. The XXX Option Shares, if any, that are not vested at the end of the seventh calendar year (2014) shall be forfeited.

Option Grant. On the Effective as of January 28, 2008 (the “Grant Date”), pursuant to a stock option agreement, Executive will be awarded an option to purchase Two Hundred Sixty Thirty Thousand (260,00030,000) shares of Avid Technology, Inc. common stock (the “Stock Option”). The exercise price will be the closing price of the stock on the Grant Effective Date. a) Fifty Six Thousand (50,0006,000) shares of the Stock Option will vest on a time-based schedule in equal 6.25of 12.5% increments every three months ending on the fourth first six-month anniversary of the Grant Date, as long as Executive is employed by Effective Date and then monthly thereafter for the Company on each such vesting datefollowing 42 months. b) One Hundred Twelve Thousand (100,00012,000) shares of the Stock Option will vest on a performance-based schedule, as follows: (1) Fifty Six Thousand (50,0006,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $50.84, as adjusted for stock splits and stock dividends; and (2) An additional Fifty Six Thousand (50,0006,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $76.26, as adjusted for stock splits and stock dividends. c) One Hundred Ten Twelve Thousand (110,00012,000) shares of the Stock Option (the “XXX Option Shares”) will vest in accordance with the following table, based upon improvement in the Company’s Return on Equity, or XXX (as defined below), in calendar year periods, commencing with calendar year 2008. Improvements for each calendar year shall be measured against a baseline XXX for the 12-month period ended September 30, 2007 (“Baseline”). The Board shall make the final determination of XXX and the XXX percentage point improvement for purposes hereof determinations for each calendar year no later then period will be made by the 1st day Board of March Directors, or a duly authorized committee thereof, promptly following the end of such calendar year. The determination of XXX shall date that the Company files its Annual Report on Form 10-K with the Securities and Exchange Commission for that period and will be derived based upon the Company’s audited financial statements for the applicable calendar year and the unaudited financial statements for the Baseline period. The XXX Option Shares, if any, that are not vested at as of the end date that the Board makes the final determination of XXX for the seventh calendar year (2014) shall be forfeited.

Option Grant. On the Effective as of January 28, 2008 (the “Grant Date”), pursuant to a stock option agreement, Executive will be awarded an option to purchase Two Hundred Sixty Forty-Five Thousand (260,00045,000) shares of Avid Technology, Inc. common stock (the “"Stock Option”"). The exercise price will be the closing price of the stock on the Grant Effective Date. a(i) Fifty Ten Thousand (50,00010,000) shares of the Stock Option will vest on a time-based schedule schedule, twelve and one-half percent (12.5%) of which will vest on the first six-month anniversary of the Effective Date and the remaining eighty-seven and one-half percent (87.5%) will vest monthly thereafter in forty-two (42) equal 6.25% increments every three months ending on the fourth anniversary of the Grant Effective Date, as long as Executive is employed by the Company on each such vesting date. b(ii) One Hundred Twenty Thousand (100,00020,000) shares of the Stock Option will vest on a performance-based schedule, as follows, as long as Executive is employed by the Company on each such vesting date: (1a) Fifty Ten Thousand (50,00010,000) shares of the Stock Option will vest at the end of the first 20 twenty (20) consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $50.84, as adjusted for stock splits and stock dividends; and (2b) An additional Fifty Ten Thousand (50,00010,000) shares of the Stock Option will vest at the end of the first 20 twenty (20) consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $76.26, as adjusted for stock splits and stock dividends. c(iii) One Hundred Ten Fifteen Thousand (110,00015,000) shares of the Stock Option (the “"XXX Option Shares”") will vest in accordance with the following tabletable (as long as Executive is employed by the Company on each such vesting date), based upon improvement in the Company’s 's Return on Equity, or XXX (as defined below), in calendar year periods, commencing with calendar year 2008. Improvements for each calendar year shall be measured against a baseline XXX for the 12-month period ended September 30, 2007 (“"Baseline”"). The Board shall make the final determination of XXX and the Percentage Point Improvement in Calendar Year Compared to Baseline Percentage ofROE OptionShares to Vest XXX percentage point improvement for purposes hereof determinations for each calendar year no later then period will be made by the 1st day Board of March Directors, or a duly authorized committee thereof, promptly following the end of such calendar year. The determination of XXX shall date the Company files its annual report on Form 10-K with the Securities and Exchange Commission for that period and will be derived based upon the Company’s 's audited financial statements for the applicable calendar year and the unaudited financial statements for the Baseline period. The XXX Option Shares, if any, that are not vested at as of the end date that the Board makes the final determination of XXX for the seventh calendar year (2014) shall be forfeited. "Return on Equity" or "XXX" shall be determined using the Company's non-GAAP net income as published in an earnings release, adding the provision for income taxes and subtracting the non-GAAP related tax adjustments for the applicable period and dividing by the average common stockholder equity during the same period. Notwithstanding the foregoing, the XXX Option Shares will vest in full at the end of the first twenty (20) consecutive trading day period following the Effective Date during which the common stock of the Company, as quoted on NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $101.68, as adjusted for stock splits and stock dividends.

Option Grant. On the Effective as of January 28, 2008 (the “Grant Date”), pursuant to a stock option agreement, Executive will be awarded an option to purchase Two Hundred Sixty Forty-Five Thousand (260,00045,000) shares of Avid Technology, Inc. common stock (the “Stock Option”). The exercise price will be the closing price of the stock on the Grant Effective Date. a(i) Fifty Ten Thousand (50,00010,000) shares of the Stock Option will vest on a time-based schedule schedule, twelve and one-half percent (12.5%) of which will vest on the first six-month anniversary of the Effective Date and the remaining eighty-seven and one- half percent (87.5%) will vest monthly thereafter in forty-two (42) equal 6.25% increments every three months ending on the fourth anniversary of the Grant Effective Date, as long as Executive is employed by the Company on each such vesting date. b(ii) One Hundred Twenty Thousand (100,00020,000) shares of the Stock Option will vest on a performance-based schedule, as follows, as long as Executive is employed by the Company on each such vesting date: (1a) Fifty Ten Thousand (50,00010,000) shares of the Stock Option will vest at the end of the first 20 twenty (20) consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $50.84, as adjusted for stock splits and stock dividends; and (2b) An additional Fifty Ten Thousand (50,00010,000) shares of the Stock Option will vest at the end of the first 20 twenty (20) consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $76.26, as adjusted for stock splits and stock dividends. c(iii) One Hundred Ten Fifteen Thousand (110,00015,000) shares of the Stock Option (the “XXX Option Shares”) will vest in accordance with the following tabletable (as long as Executive is employed by the Company on each such vesting date), based upon improvement in the Company’s Return on Equity, or XXX (as defined below), in calendar year periods, commencing with calendar year 2008. Improvements for each calendar year shall be measured against a baseline XXX for the 12-month period ended September 30, 2007 (“Baseline”). The Board shall make the final determination of XXX and the XXX percentage point improvement for purposes hereof determinations for each calendar year no later then period will be made by the 1st day Board of March Directors, or a duly authorized committee thereof, promptly following the end of such calendar year. The determination of XXX shall date the Company files its annual report on Form 10-K with the Securities and Exchange Commission for that period and will be derived based upon the Company’s audited financial statements for the applicable calendar year and the unaudited financial statements for the Baseline period. The XXX Option Shares, if any, that are not vested at as of the end date that the Board makes the final determination of XXX for the seventh calendar year (2014) shall be forfeited.

Option Grant. On the Effective as of January 28, 2008 (the “Grant Date”), pursuant to a stock option agreement, Executive will be awarded an option to purchase Two Hundred Sixty Eighty Thousand (260,00080,000) shares of Avid Technology, Inc. common stock (the “Stock Option”). The exercise price will be the closing price of the stock on the Grant Effective Date. a) Fifty Twenty Thousand (50,00020,000) shares of the Stock Option will vest on a time-based schedule in equal 6.25of 12.5% increments every three months ending on the fourth first six-month anniversary of the Grant Date, as long as Executive is employed by Effective Date and then monthly thereafter for the Company on each such vesting datefollowing 42 months. b) One Hundred Thirty Thousand (100,00030,000) shares of the Stock Option will vest on a performance-based schedule, as follows: (1) Fifty Fifteen Thousand (50,00015,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $50.84, as adjusted for stock splits and stock dividends; and (2) An additional Fifty Fifteen Thousand (50,00015,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $76.26, as adjusted for stock splits and stock dividends. c) One Hundred Ten Thirty Thousand (110,00030,000) shares of the Stock Option (the “XXX Option Shares”) will vest in accordance with the following table, based upon improvement in the Company’s Return on Equity, or XXX (as defined below), in calendar year periods, commencing with calendar year 2008. Improvements for each calendar year shall be measured against a baseline XXX for the 12-month period ended September 30, 2007 (“Baseline”). The Board shall make the final determination of XXX and the XXX percentage point improvement for purposes hereof determinations for each calendar year no later then period will be made by the 1st day Board of March Directors, or a duly authorized committee thereof, promptly following the end of such calendar year. The determination of XXX shall date that the Company files its Annual Report on Form 10-K with the Securities and Exchange Commission for that period and will be derived based upon the Company’s audited financial statements for the applicable calendar year and the unaudited financial statements for the Baseline period. The XXX Option Shares, if any, that are not vested at as of the end date that the Board makes the final determination of XXX for the seventh calendar year (2014) shall be forfeited.

Option Grant. On the Effective as of January 28, 2008 (the “Grant Date”), pursuant to a stock option agreement, Executive will be awarded an option to purchase Fifty-Two Thousand Five Hundred Sixty Thousand (260,00052,500) shares of Avid Technology, Inc. common stock (the “Stock Option”). The exercise price will be the closing price of the stock on the Grant Effective Date. a) Fifty Twelve Thousand Five Hundred (50,00012,500) shares of the Stock Option will vest on a time-based schedule in equal 6.25% increments every three months ending on the fourth anniversary of the Grant Effective Date, as long as Executive is employed by the Company on each such vesting date. b) One Hundred Twenty Thousand (100,00020,000) shares of the Stock Option will vest on a performance-based schedule, as follows: (1) Fifty Ten Thousand (50,00010,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $50.84, as adjusted for stock splits and stock dividends; and (2) An additional Fifty Ten Thousand (50,00010,000) shares of the Stock Option will vest at the end of the first 20 consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $76.26, as adjusted for stock splits and stock dividends. c) One Hundred Ten Twenty Thousand (110,00020,000) shares of the Stock Option (the “XXX Option Shares”) will vest in accordance with the following table, based upon improvement in the Company’s Return on Equity, or XXX (as defined below), in calendar year periods, commencing with calendar year 2008. Improvements for each calendar year shall be measured against a baseline XXX for the 12-month period ended September 30, 2007 (“Baseline”). The Board of Directors shall make the final determination of XXX and the XXX percentage point improvement for purposes hereof for each calendar year no later then the 1st day of than March following the end of such calendar year. The determination of XXX shall be derived upon the Company’s audited financial statements for the applicable calendar year and the unaudited financial statements for the Baseline period. The XXX Option Shares, if any, that are not vested at as of the end date that the Board of Directors makes the final determination of XXX for the seventh calendar year (2014) shall be forfeited.

Option Grant. On the Effective as of January 28, 2008 (the “Grant Date”), pursuant to a stock option agreement, Executive will be awarded an option to purchase Two Hundred Sixty Thousand two hundred thousand (260,000200,000) shares of Avid Technology, Inc. common stock (the “Stock Option”). The exercise price will be the closing price of the stock on the Grant Effective Date. a(i) Fifty Thousand (50,000) shares of the Stock Option will vest on a time-based schedule schedule, twenty-five percent (25%) of which will vest on the first twelve-month anniversary of the Effective Date and the remaining seventy-five percent (75%) will vest in equal 6.25% increments every three (3) months thereafter ending on the fourth anniversary of the Grant Effective Date, as long as Executive is employed by the Company on each such vesting date. b(ii) One Hundred HundredFifty Thousand (100,000150,000) shares of the Stock Option will vest on a performance-based schedule, as follows, as long as Executive is employed by the Company on each such vesting date: (1a) Fifty Thousand (50,000) shares of the Stock Option will vest at the end of the first 20 twenty (20) consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $50.8435.00, as adjusted for stock splits and stock dividends; and (2b) An additional Fifty Thousand (50,000) shares of the Stock Option will vest at the end of the first 20 twenty (20) consecutive trading day period following the Grant Effective Date during which the common stock of the Company, as quoted on Nasdaq NASDAQ (or on such other exchange as such shares may be traded), trades (without regard to the closing price) at a price per share of at least $76.2650.00, as adjusted for stock splits and stock dividends. (c) One Hundred Ten Fifty Thousand (110,00050,000) shares of the Stock Option (the “XXX Option Shares”) will vest in accordance with the following tabletable (as long as Executive is employed by the Company on each such vesting date), based upon improvement in the Company’s Return on Equity, or XXX (as defined below), in calendar year periods, commencing with calendar year 20082009. Improvements for each calendar year shall be measured against a baseline XXX for the 12-month period ended September 30, 2007 (“Baseline”). The Board shall make the final determination of XXX and the XXX percentage point improvement for purposes hereof determinations for each calendar year no later then period will be made by the 1st day Board of March Directors, or a duly authorized committee thereof, promptly following the end of such calendar year. The determination of XXX shall date the Company files its annual report on Form 10-K with the Securities and Exchange Commission for that period and will be derived based upon the Company’s audited financial statements for the applicable calendar year and the unaudited financial statements for the Baseline period. The XXX Option Shares, if any, that are not vested at as of the end date that the Board makes the final determination of XXX for the seventh calendar year (20142015) shall be forfeited.