PAYCYCLE, INC.Stock Option Agreement • August 5th, 2009 • Intuit Inc • Services-prepackaged software • California
This Stock Option Agreement (the “Agreement”) is made and entered into as of the date of grant set forth below (the “Date of Grant”) by and between PayCycle, Inc., a Delaware corporation (the “Company”), and the participant named below (the “Participant”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Company’s 1999 Equity Incentive Plan, as amended (the “Plan”).
FORM OF INTUIT INC. STOCK OPTION ASSUMPTION AGREEMENTStock Option Assumption Agreement • August 5th, 2009 • Intuit Inc • Services-prepackaged software
As you know, on July 23, 2009 (the “Closing Date”), Intuit Inc. (“Intuit”) acquired PayCycle, Inc. (“PayCycle”) (the “Transaction”) pursuant to an Agreement and Plan of Merger by and among Intuit, Puma Merger Sub Inc., PayCycle and Shareholder Representative Services LLC dated June 2, 2009 (the “Merger Agreement”). On the Closing Date, you held one or more outstanding stock options to purchase shares of PayCycle common stock granted to you under PayCycle’s 1999 Equity Incentive Plan (the “Plan”). Pursuant to the Merger Agreement, on the Closing Date, Intuit assumed all obligations of PayCycle under your outstanding and unvested option (or options). This Stock Option Assumption Agreement (this “Agreement”) evidences the terms of Intuit’s assumption of each unvested option to purchase PayCycle common stock originally granted to you under the Plan (each, a “PayCycle Option”), and documented by a stock option agreement between you and PayCycle and any amendment(s) of such agreement (the “O
