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Exhibit 4.2
THQ INC.
1997 STOCK OPTION PLAN
[INCENTIVE][NON-QUALIFIED] STOCK OPTION AGREEMENT
Optionholder: __________________________
Number of Shares of Company
Common Stock Underlying Option: __________________________
Purchase Price Per Share: __________________________
Date of Grant: __________________________
THIS STOCK OPTION AGREEMENT (the "Agreement"), dated as of the
date set forth above, is made between THQ INC., a Delaware corporation,
currently having its executive office at 0000 Xxxxx Xxxxxxx Xxxxxxxxx,
Xxxxxxxxx, Xxxxxxxxxx 00000 (the "Company"), and the option holder identified
above ("Optionholder").
1. Grant of Option. Pursuant to the THQ Inc. 1997 Stock Option Plan, a
copy of which is attached hereto as Exhibit A (the "Plan"), on the terms and
subject to the conditions set forth in this Agreement, and subject to
Optionholder's execution and return to the Company of a copy of this Agreement,
the Company hereby grants to Optionholder the right and option to purchase from
the Company all or any part of the Number of Shares of Company Common Stock
Underlying Options set forth above (the "Shares") at the Purchase Price Per
Share set forth above (this "Option"). This Option is an
[incentive][non-qualifed] stock option, as such term is used in Section 2.1 of
the Plan.
2. Option Subject to the Plan. Optionholder acknowledges and agrees that
this Option is subject to the terms and conditions set forth in the Plan. In the
event of any conflict between the Plan and this Agree ment, the terms of the
Plan shall take precedence.
3. Vesting. Subject to limitations set forth in the Plan relating to the
termination of Option holder's employment by the Company, this Option shall be
exercisable by Optionholder to the extent of the following number of Shares
commencing on the following dates:
Number of Shares First Date After Which Shares May Be Purchased
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4. Term of Option. This Option shall not be exercisable after 5:00 p.m.,
Los Angeles time, on ______________.
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5. Non-Assignability of Option. This Option may not be given, granted,
sold, exchanged, transferred, pledged, assigned or otherwise encumbered or
disposed of by Optionholder, other than by will or the laws of descent and
distribution; and, during the lifetime of Optionholder, this Option shall not be
exercisable by any person other than Optionholder.
6. Method of Exercise of Option. The Option may be exercised in the
manner set forth in Section 2.2(c) of the Plan.
7. Investment Representation. Optionholder represents that if at the
time of any exercise of this Option, the Shares to be acquired upon such
exercise are not registered under the Securities Act of 1933, as amended, such
Shares will be acquired by Optionholder for investment and not for resale or
with a view to the distribution thereof.
8. Adjustments Upon Changes in Capitalization. The number of Shares
issuable upon the exercise of this Option and the Purchase Price Per Share
thereof shall be subject to adjustment as set forth in Section 4.7 of the Plan.
9. Binding Effect. Except as herein otherwise expressly provided, this
Agreement shall be binding upon and inure to the benefit of the parties hereto,
their legal representatives, successors and assigns.
10. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware.
11. Notices. Any notice hereunder shall be delivered by hand or by
registered or certified mail, return receipt requested (i) if to the Company, to
its executive office, attention: Chief Financial Officer; and (ii) if to
Optionholder, to the last known address of Optionholder reflected in the records
of the Company.
IN WITNESS WHEREOF, the Company and Optionholder have executed
this Agreement as of the date first set forth above.
THQ INC.
By: Xxxxx Xxxxxxx, President
OPTIONEE:
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