Contract
Exhibit 10(z)
PRESSTEK,
INC.
Presstek,
Inc. (the “Company”) hereby
grants the following nonqualified stock option pursuant to its 2003 Stock Option
and Incentive Plan. The terms and conditions attached hereto are also
a part hereof and the undersigned Optionee hereby acknowledges receipt of such
terms and conditions.
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Name
of Employee (the “Optionee”):
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Date
of this option grant:
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XXXXX,
0000
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Number
of shares of the Company’s Common Stock subject to this option (“Option Shares”):
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Option
exercise price per share:
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Vesting
Start Date:
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XXXXX,
0000
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Vesting
Schedule:
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HERE
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All
vesting is dependent on the continuation of service with the Company, as
provided for by the Plan. Unvested options expire immediately
upon termination of employment. Vested options may be exercised
after termination of employment for 30 days.
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Presstek,
Inc.
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____________________________________
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By
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Signature
of Optionee
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Name
of Officer:
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Address:
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Title:
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