ACTIVCARD CORP. STOCK OPTION GRANT AGREEMENT PART I—NOTICE OF STOCK OPTION GRANTStock Option Grant Agreement • July 12th, 2004 • Activcard Corp • Services-prepackaged software • Delaware
You have been granted an option (the “Option”) to purchase shares of common stock of ActivCard Corp. (the “Shares”), subject to the terms and conditions of your employment agreement, dated , (the “Employment Agreement”) and this Option Agreement. Unless otherwise defined herein or in the Employment Agreement, capitalized terms shall have the meanings set forth in the Company’s 2002 Stock Option Plan (the “Plan”) (this Option Agreement, the Plan and the Employment Agreement being hereinafter referred to collectively as the “Option Documents”). This Option is granted outside of the Plan but is nonetheless subject to all terms and provisions of the Option Documents, including those set forth in the Plan. This Option is a “nonqualified stock option,” and this is not intended as an incentive stock option under Section 422 of the Internal Revenue Code.
