FORM OF INDUCEMENT RESTRICTED STOCK UNIT AWARD AGREEMENTInducement Restricted Stock Unit Award Agreement • April 28th, 2016 • Lantronix Inc • Computer communications equipment • Delaware
As an inducement material to the hiring of Jeffrey W. Benck (the “Grantee”) as President and Chief Executive Officer, Lantronix, Inc., a Delaware corporation (the “Company”), hereby grants to the Grantee an award (the “Award”) of the number of restricted stock units set forth below (the “RSUs”). This Award is subject to all of the terms and conditions set forth herein and in this Inducement Restricted Stock Unit (the “Inducement Agreement”). This Award is not issued pursuant to the Company’s Amended & Restated 2010 Stock Incentive Plan or any other equity incentive plan of the Company.
LANTRONIX, INC. INDUCEMENT STOCK OPTION AGREEMENTInducement Stock Option Agreement • April 28th, 2016 • Lantronix Inc • Computer communications equipment • Delaware
As an inducement material to the hiring of Kevin Yoder (the “Optionee”) as Vice President of Worldwide Sales, Lantronix, Inc., a Delaware corporation (the “Company”), hereby grants to the Optionee an award (the “Award”) of the number of non-qualified stock options set forth below. This Award is subject to all of the terms and conditions set forth herein and in this Inducement Stock Option Agreement (the “Inducement Agreement”). This Award is not issued pursuant to the Company’s Amended & Restated 2010 Stock Incentive Plan or any other equity incentive plan of the Company.
LANTRONIX, INC. INDUCEMENT STOCK OPTION AGREEMENTInducement Stock Option Agreement • April 28th, 2016 • Lantronix Inc • Computer communications equipment • Delaware
As an inducement material to the hiring of Sanjeev Datla (the “Optionee”) as Chief Technology Officer, Lantronix, Inc., a Delaware corporation (the “Company”), hereby grants to the Optionee an award (the “Award”) of the number of non-qualified stock options set forth below. This Award is subject to all of the terms and conditions set forth herein and in this Inducement Stock Option Agreement (the “Inducement Agreement”). This Award is not issued pursuant to the Company’s Amended & Restated 2010 Stock Incentive Plan or any other equity incentive plan of the Company.
