Common Contracts
2 similar Promise to Grant Stock Option(s) contracts by Actel Corp, Evolve Software Inc
FORM OF PROMISE TO GRANT STOCK OPTION(S) --------------------------------Promise to Grant Stock Option(s) • December 5th, 2001 • Evolve Software Inc • Services-prepackaged software
In exchange for your agreement to cancel certain stock options ("Old Option(s)") you received from Evolve Software, Inc. ("Evolve"), Evolve hereby promises to grant you a stock option or options, as applicable, covering _________ shares of Evolve's common stock on July 8, 2002 (the "New Option(s)"), which is the same number of shares subject to the options which you tendered for exchange and which were cancelled on January 4, 2002. The exercise price of each New Option will be the closing price of Evolve's common stock as listed on the Nasdaq National Market on July 8, 2002, except as otherwise set forth in the Exchange Offer Documents (as defined below). Each New Option will vest according to the same vesting schedule as the Old Option it replaces, subject to your continued employment with Evolve, as described below. Each New Option will otherwise be subject to the standard terms and conditions under Evolve's 2000 Stock Plan and applicable form of stock option agreement.
FORM OFPromise to Grant Stock Option(s) • June 1st, 2001 • Actel Corp • Semiconductors & related devices
In exchange for your agreement to cancel one or more stock options ("Old Option(s)") you received from Actel Corporation ("Actel"), Actel hereby promises to grant you a stock option or options, as applicable, covering the number of shares of Actel's common stock specified above (the "New Option(s)"). We currently expect to grant the New Options on December 31, 2001. The exercise price of each New Option will be the closing price of Actel's common stock as listed on the Nasdaq National Market on the date of grant. Each New Option will vest according to the same vesting schedule as the Old Option it replaces, subject to your continued employment with Actel on a full-time basis or your being on a bona fide leave of absence (as described below). Each New Option will otherwise be subject to the standard terms and conditions under Actel's 1986 Incentive Stock Option Plan or 1995 Employee and Consultant Plan, as applicable (the "Plan"), and the applicable form of stock option agreement.
