0001193125-11-182882 Sample Contracts

SKULLCANDY, INC. INDEMNIFICATION AGREEMENT
Indemnification Agreement • July 6th, 2011 • Skullcandy, Inc. • Household audio & video equipment • Delaware

This Indemnification Agreement (“Agreement”) is made as of ________ __, 201_ by and between Skullcandy, Inc., a Delaware corporation (the “Company”), and ______________ (“Indemnitee”). This Agreement supersedes and replaces any and all previous Agreements between the Company and Indemnitee covering the subject matter of this Agreement.

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SKULLCANDY, INC. STOCK OPTION GRANT NOTICE AND STOCK OPTION AGREEMENT
Stock Option Agreement • July 6th, 2011 • Skullcandy, Inc. • Household audio & video equipment • Delaware

Skullcandy, Inc., a Delaware corporation (the “Company”), pursuant to its 2011 Incentive Award Plan (the “Plan”), hereby grants to the individual listed below (the “Optionee”), an option to purchase the number of shares of the common stock of the Company (“Common Stock”), set forth below (the “Option”). This Option is subject to all of the terms and conditions set forth herein and in the Stock Option Agreement attached hereto as Exhibit A (the “Stock Option Agreement”) and the Plan, which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Grant Notice and the Stock Option Agreement.

SKULLCANDY, INC.
Stock Option Agreement • July 6th, 2011 • Skullcandy, Inc. • Household audio & video equipment • Utah

Unless otherwise defined herein, the terms defined in the 2005 Stock Plan shall have the same defined meanings in this Stock Option Agreement (the “Option Agreement”).

AMENDMENT TO SECURITY HOLDERS AGREEMENT
Security Holders Agreement • July 6th, 2011 • Skullcandy, Inc. • Household audio & video equipment • Delaware

THIS AMENDMENT TO SECURITY HOLDERS AGREEMENT (this “Amendment”) is executed as of July 6, 2011, by and among Skullcandy, Inc., a Delaware corporation (the “Company”), and the investors listed on the signature pages hereto (each of which is referred to herein as “Investor,” and all of which are referred to collectively herein as “Investors”).

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