SoundBite Communications, Inc. Nonstatutory Stock Option Agreement Granted Under 2007 Stock Incentive Plan
Exhibit 10.14
SoundBite Communications, Inc.
1. | Grant of Option. |
This Agreement evidences the grant by SoundBite Communications, Inc., a Delaware corporation
(the “Company”), on __________, 20__ (the “Grant Date”) to
__________, an [employee], [consultant], [advisor], [director] of the Company (the “Participant”), of an option to
purchase, in whole or in part, on the terms provided herein and in the Company’s 2007 Stock
Incentive Plan (the “Plan”), a total of __________ shares (the “Shares”) of common
stock, $0.001 par value per share, of the Company (“Common Stock”) at $__________ per Share. Unless earlier
terminated, this option shall expire at 5:00 p.m., Eastern time, on __________ (the “Final Exercise
Date”).
It is intended that the option evidenced by this Agreement shall not be an incentive stock
option as defined in Section 422 of the Internal Revenue Code of 1986, as amended, and any
regulations promulgated thereunder (the “Code”). Except as otherwise indicated by the context, the
term “Participant”, as used in this option, shall be deemed to include any person who acquires the
right to exercise this option validly under its terms.
2. | Vesting. |
(c) Termination of Relationship with the Company. If the Participant ceases to be an
Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the
right to exercise
this option shall terminate three months after such cessation (but in no event after the Final
Exercise Date), provided that this option shall be exercisable only to the extent that the
Participant was entitled to exercise this option on the date of such cessation. Notwithstanding
the foregoing, if the Participant, prior to the Final Exercise Date, violates the non-competition
or confidentiality provisions of any employment contract, confidentiality and nondisclosure
agreement or other agreement between the Participant and the Company, the right to exercise this
option shall terminate immediately upon such violation.
4. | Withholding. |
No Shares will be issued pursuant to the exercise of this option unless and until the
Participant pays to the Company, or makes provision satisfactory to the Company for payment of, any
federal, state or local withholding taxes required by law to be withheld in respect of this option.
This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the
Participant, either voluntarily or by operation of law, except by will or the laws of descent and
distribution, and, during the lifetime of the Participant, this option shall be exercisable only by
the Participant.
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This option is subject to the provisions of the Plan (including the provisions relating to
amendments to the Plan), a copy of which is furnished to the Participant with this option.
SoundBite Communications, Inc. |
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By: | ||||
Name: | ||||
Title: |
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The undersigned hereby accepts the foregoing option and agrees to the terms and conditions
thereof. The undersigned hereby acknowledges receipt of a copy of the SoundBite Communications,
Inc. 2007 Stock Incentive Plan.
Participant: |
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Address: |
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