FORM OF EMPLOYEE AND EXECUTIVE OFFICER STOCK OPTION AGREEMENT HEALTHSTREAM, INC. 2000 STOCK INCENTIVE PLAN OPTION granted this day of , 200__ (“Grant Date”) by HealthStream, Inc. (the “Company”) to Optionee (the “Employee”).
EXHIBIT 10.10
FORM OF EMPLOYEE AND EXECUTIVE OFFICER STOCK OPTION AGREEMENT
HEALTHSTREAM, INC.
2000 STOCK INCENTIVE PLAN
HEALTHSTREAM, INC.
2000 STOCK INCENTIVE PLAN
OPTION
granted this day of , 200__ (“Grant Date”) by HealthStream, Inc. (the “Company”) to Optionee (the “Employee”).
1. Stock Option. The Company hereby grants to the Employee an option (the
“Option”) to purchase up to
shares of the common stock of the Company, no par value, to be
issued upon the exercise of the Option, in the manner hereafter set forth, fully paid and
nonassessable. This Option is being granted under the provisions of the Company’s 2000 Stock
Incentive Plan (the “Plan”), which are incorporated herein by reference. The Plan is administered
by the Compensation Committee of the Board of Directors of the Company.
2. Time of Exercise. This Option shall be exercisable and have a term as follows:
(a) This Option shall expire on the eighth anniversary of the Grant
Date.
(b) One fourth (1/4) of the shares granted under this Option shall vest and become
exercisable on the first anniversary of the Grant Date.
(c) One half (1/2) of the shares granted under this Option shall vest and become
exercisable on the second anniversary of the Grant Date.
(d) Three fourths (3/4) of the shares granted under this Option shall vest and become
exercisable on the third anniversary of the Grant Date.
(e) The remaining one fourth (1/4) of the shares granted under this Option shall vest and
become exercisable on the fourth anniversary of the Grant Date.
(f)
This Option shall be exercisable only in the lesser of round lots of One Hundred (100) shares or the total number of shares remaining under this Grant.
3. Purchase Price. The purchase price per share shall be , being not less than
the fair market value of the common stock as of the Grant Date.
4. Rights as a Shareholder. The Employee shall have no rights as a shareholder with
respect to any shares covered by this Option until the Employee has given written notice of
exercise, has paid in full for such shares and taken such other actions as may be required by the
Committee in accordance with the provisions of the Plan. No adjustment shall be made for dividends
for which the record date is prior to the date of issuance of such stock certificate.
HEALTHSTREAM, INC.
The undersigned:
(a) Acknowledges receipt of the foregoing Option and the attachments referenced therein and
understands that all rights and liabilities with respect to this Option and the Plan; and
(b) Acknowledges that as of the date of grant of this Option, it sets forth the entire
understanding between the undersigned Employee and the Company and its Affiliates regarding the
acquisition of stock in the Company pursuant to this grant and supersedes all prior oral and
written agreements on that subject.
Optionee