SAIFUN SEMICONDUCTORS LTD. SHARE OPTION AGREEMENTShare Option Agreement • April 1st, 2008 • Spansion Inc. • Semiconductors & related devices
This Option shall become exercisable in number of whole Shares, in equal annual installments over a period of five (5) years following the Vesting Commencement Date (i.e. 20% of the Shares subject to the Option shall vest upon the first, second, third, forth and fifth anniversaries of the Vesting Commencement Date), subject to the Optionee’s continuous engagement with the Company during such time. In no event shall the Option vest and become exercisable for any additional Shares following Optionee’s cessation of engagement with the Company.
SAIFUN SEMICODUCTORS LTD.Share Option Agreement • April 1st, 2008 • Spansion Inc. • Semiconductors & related devices
We are pleased to notify you that Saifun Semiconductors Ltd. (the “Company”) has, on the (the “Granting Date”), granted to you options (the “Options”) to purchase ( ) Ordinary Shares of NIS 0.01 par value each, of the Company (the “Option Shares”), at the price of USD 6.67 per share (the “Exercise Price”), under the Company’s 1997 Share Option Plan (the “Plan”). The Options are issued pursuant to Section 102 of the Israel Income Tax Ordinance [New Version], as amended (the “Ordinance”) and are intended to comply with the Ordinance and its regulations and the Income Tax Rules (Tax Benefits in Share Issuance to Employees) 5349-1989 (the “Rules”). The Options are subject to the terms and conditions set forth below. EXECUTION OF OPTION AGREEMENT
SAIFUN SEMICONDUCTORS LTD. SHARE OPTION AGREEMENTShare Option Agreement • April 1st, 2008 • Spansion Inc. • Semiconductors & related devices
This Option shall be exercisable in number of whole Shares, [in equal annual installments over a period of five (5) years following the Vesting Commencement Date (i.e. 20% of the Shares subject to the Option shall vest upon the first, second, third, forth and fifth anniversaries of the Vesting Commencement Date)]4, subject to the Optionee’s continuous engagement with the Company during such time. In no event shall the Option vest and become exercisable for any additional Shares following Optionee’s cessation of engagement with the Company.
SAIFUN SEMICONDUCTORS LTD. 2001 SHARE OPTION PLANOption Agreement • April 1st, 2008 • Spansion Inc. • Semiconductors & related devices
SAIFUN SEMICONDUCTORS LTD. SHARE OPTION AGREEMENTShare Option Agreement • April 1st, 2008 • Spansion Inc. • Semiconductors & related devices
This Option shall become exercisable in number of whole Shares, [in equal annual installments over a period of five (5) years following the Vesting Commencement Date (i.e. 20% of the Shares subject to the Option shall vest upon the first, second, third and forth anniversaries of the Vesting Commencement Date)], subject to the Optionee’s continuous engagement with the Company during such time. In no event shall the Option vest and become exercisable for any additional Shares following Optionee’s cessation of engagement with the Company.
