TEKELEC FORM OF NONSTATUTORY STOCK OPTION AGREEMENTForm of Nonstatutory Stock Option Agreement • July 1st, 2004 • Tekelec • Radio & tv broadcasting & communications equipment • California
Tekelec, a California corporation (“Tekelec” or the “Company”), hereby enters into this Nonstatutory Stock Option Agreement (this “Option Agreement”) with _______ (the “Optionee”) effective as of April 8, 2004, whereby the Company grants to the Optionee the right and option to purchase an aggregate of _______ shares of Common Stock (the “Shares”) of the Company in accordance with the terms of that certain Employment Agreement dated ______ between Taqua, Inc., a Delaware corporation (“Taqua”) and wholly owned subsidiary of the Company, and the Optionee (the “Employment Agreement”). The grant of this Option fully discharges Tekelec’s obligations with respect to the grant to the Optionee of stock options to purchase Tekelec Common Stock under Section 3 of the Employment Agreement.
