0000950123-11-014718 Sample Contracts

IRVINE SENSORS CORPORATION NON-INCENTIVE STOCK OPTION AGREEMENT BETWEEN THE COMPANY AND BILL JOLL
Non-Incentive Stock Option Agreement • February 16th, 2011 • Irvine Sensors Corp/De/ • Semiconductors & related devices • Delaware

This NON-INCENTIVE STOCK OPTION AGREEMENT (the “Agreement”) is made this 24th day of December, 2010, by and between Irvine Sensors Corporation, a Delaware corporation (the “Company”) and Bill Joll, an individual resident of Irvine, California (“Optionee”).

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SETTLEMENT AGREEMENT AND RELEASE
Settlement Agreement • February 16th, 2011 • Irvine Sensors Corp/De/ • Semiconductors & related devices • New York

IT IS HEREBY STIPULATED AND AGREED, by and between the undersigned attorneys of record, that, whereas no party hereto is an infant or incompetent person for whom a committee has been appointed and no person not a party has an interest in the subject matter of the action, the above entitled action be, and the same hereby is, discontinued, with prejudice, without costs to either party as against the other.

IRVINE SENSORS CORPORATION FORM OF NON-INCENTIVE STOCK OPTION AGREEMENT
Non-Incentive Stock Option Agreement • February 16th, 2011 • Irvine Sensors Corp/De/ • Semiconductors & related devices • Delaware

This NON-INCENTIVE STOCK OPTION AGREEMENT (the “Agreement”) is made this _____ day of _____, _____, by and between Irvine Sensors Corporation, a Delaware corporation (the “Company”) and _____, an individual resident of _____, _____ (“Optionee”).

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