Stock Option. At the first Board meeting following the Start Date, the Company will grant you an option to purchase 4,000,000 shares of the Companys common stock (the Option). The Option shall vest over a four-year period, with one quarter (1/4) of the shares subject to the Option vesting on the one year anniversary of the date of grant, and the remaining shares vesting equally over the following thirty-six (36) months of continuous service. The Option shall be issued pursuant to the terms and conditions of the Companys 2015 Equity Incentive Plan (the Plan), at an exercise price equal to 100% of the fair market value of the Companys common stock on the date of grant, as provided in the Plan and consistent with the requirements for an exemption from the application of Section 409A of the Internal Revenue Code (the Code), and shall be governed in all respects by the terms of the Plan, the grant notices and the option agreements.
Stock Option. At the first meeting of the Companys Board meetingof Directors following your start date at which the Start Date, the CompanyBoard will grantbe approving stock option grants and subject to Board approval, management will recommend that you be granted an option to purchase 4,000,870,000 shares of the Companys common stock (the Option). The exercise price per share of the Option shall vest over a four-year period, with one quarter (1/4)will be equal to the fair market value per share on the date the Option is granted. The option will be subject to the terms and conditions applicable to options granted under the Companys 2008 Stock Plan (the Plan) and the applicable stock option agreement. 25% of the shares subject to the Option vesting on the one year anniversary ofshall vest 12 months after the date of grant,your vesting begins, subject to your continuing employment with the Company, and theno shares shall vest before such date. The remaining shares vesting equallyshall vest monthly over the following thirty-six (36)next 36 months of continuous service. The Option shall be issued pursuantin equal amounts, subject to the terms and conditions of the Companys 2015 Equity Incentive Plan (the Plan), at an exercise price equal to 100% of the fair market value of the Companys common stock on the date of grant, as provided in the Plan and consistentyour continuing employment with the requirements for an exemption from the application of Section 409A of the Internal Revenue Code (the Code), and shall be governed in all respects by the terms of the Plan, the grant notices and the option agreements.Company.
Stock Option. AtIf you decide to join us, it will be recommended at the first meeting of the Companys Board meetingof Directors following the Start Date,your start date that the Company will grantgrants you an incentive option to purchase 4,000,000852,069 shares of the Companys common stock (the Option). Subject to Companys Board of Directors approval, you will be granted such stock option in accordance with the Companys 2011 Equity Incentive Plan (the Plan) and related option documents. You will be required to sign the applicable Stock Option agreement (the Agreement) and the options will be subject to the terms and conditions of the Plan and the Agreement. The exercise price per share will be equal to the fair market value per share on the date the Option shall vest over a four-year period, with one quarter (1/4)is granted, as determined by the Companys Board of Directors. Twenty-five (25%) of the shares subject to the Option vesting onshall vest upon completion of a twelve month employment at the one year anniversary of the date of grant,Company and the remaining shares vesting equallysubject to the Option shall vest in equal monthly installments over the followingnext thirty-six (36) months of continuous service. The Option shall be issued pursuantsubject to your continued service with the terms and conditions of the Companys 2015 Equity Incentive Plan (the Plan), at an exercise price equal to 100% of the fair market value of the Companys common stock on the date of grant,Company through each vesting date, as provideddescribed in the Plan and consistent with the requirements for an exemption from the application of Section 409A of the Internal Revenue Code (the Code), and shall be governed in all respects by the terms of the Plan,applicable option agreement. No right to any equity is earned or accrued until such time that vesting occurs, nor does the grant notices and the option agreements.confer any right to continued vesting or employment.
Stock Option. AtAs soon as practicable after the firstcommencement of your employment, we will recommend to the Board meeting following the Start Date,of Directors of the Company will grantthat you be granted an option (the “Option”) to purchase 4,000,495,000 shares of Common Stock of the Companys common stockCompany (the Option). The“Shares) at an exercise price equal to the fair market value per share of Common Stock on the date the Option shallis granted. Subject to your continued employment with the Company, the Option will vest over a four-year period,four years from your employment start date, with one quarter (1/4)25% of the shares subject to the Option vesting on the one yearfirst anniversary of the date of grant, and the remaining shares vesting equally over the following thirty-six (36) months of continuous service.monthly thereafter. The Option shallwill be issued pursuantsubject to the terms and conditions of the CompanyCompany’s 20152011 Equity Incentive PlanPlan, as amended (the Plan“Equity Plan”), at an exercise price equal to 100%and Stock Option Agreement thereunder. The Option will fully accelerate if you experience a qualifying termination of the fair market value of the Companys common stock on the date of grant,employment within twelve months following a Change in Control, as provideddefined in the Plan and consistentEquity Plan, with the requirements for an exemption from the application of Section 409A of the Internal Revenue Code (the Code), and shall be governed in all respects by thespecific terms of the Plan, the grant notices and the option agreements.such acceleration provision to be set forth in your Stock Option Agreement.
Stock Option. At the first Board meeting following the Start Date,As additional compensation, the Company willwill, subject to approval of the Board, grant you ana nonstatutory stock option enabling you to purchase 4,000,275,000 shares of the Companys common stock (the Option). The Option shall vest over a four-year period, with one quarter (1/4) of the shares subject to the Option vesting on the one year anniversary of the date of grant, and the remaining shares vesting equally over the following thirty-six (36) months of continuous service. The Option shall be issued pursuant to the terms and conditions of the Companys 2015 Equity Incentive Plan (the Plan), at an exercise price per share will be equal to 100% ofat least the fair market value of the Companys common stock on the date of grant, as provideddetermined by the Board in its sole discretion. The Option shall vest at a rate of one forty-eighth (1/48) per month beginning on the Plan and consistent withdate you first begin providing services to the requirements for an exemption from the application of Section 409A of the Internal Revenue Code (the Code),Company, and shall be governed in all respects bysubject to your continued service to Company on each vesting date. The option will be early exercisable, subject to the Companys right to repurchase any unvested shares. The Option shall be subject to the terms and conditions of the Plan,Companys 2010 Stock Plan (the Plan) and the Companys standard form of stock option agreement (the Option Agreement), as may be amended from time to time hereafter. No right to any stock is earned or accrued until such time as that vesting occurs, nor does the grant notices andconfer any right to continue vesting or maintenance of your status as a service provider to the option agreements.Company or member of the Board. In the event of a change of control of the Company during your term of service, 100% of the unvested shares subject to your Option shall vest immediately prior to the closing of such change of control.
Stock Option. AtAs compensation for your services to the first Board meeting following the Start Date,Company, the Company willwill, subject to the approval of the Board, grant you ana nonstatutory stock option entitling you to purchase 4,000,000109,775 (0.75% of 14,636,189 diluted shares) shares of the Companys common stock of the Company (the Option). The Option shall vest over a four-year period, with one quarter (1/4) of the shares subject to the Option vesting on the one year anniversary of the date of grant, and the remaining shares vesting equally over the following thirty-six (36) months of continuous service. The Option shall be issued pursuant to the terms and conditions of the Companys 2015 Equity Incentive Plan (the Plan), at an exercise price per share will be equal to 100% of the fair market value of the Companys common stock on the date of grant, as provideddetermined by the Board. The Option shall vest and become exercisable as to 25% of the shares subject to the Option on the first anniversary of your vesting commencement date and as to 1/48th of the shares each month thereafter, subject to your continued service on such dates, such that all shares subject to the Option shall be fully vested after 4 years. Notwithstanding the foregoing, in the Plan and consistent withevent of a change of control (to be defined in the requirements for an exemption from the application of Section 409AOption Agreement) of the Internal Revenue Code (the Code),Company, 100% of the shares subject to your option shall automatically vest and become immediately exercisable. The Option shall be governed in all respects bysubject to the terms and conditions of the Plan,Companys Stock Plan (the Plan) and a stock option agreement (the Option Agreement) to be executed by you and the Company, both of which are incorporated herein by reference. No right to any stock is earned or accrued until such time that vesting occurs, nor will the grant notices andconfer any right to continued vesting or to remain on the option agreements.Board.
Stock Option. At the first Board meeting following theEquity Grants. Upon your Start Date, the Company willshall grant to you ana stock option (the “Option”) under the Company’s 2019 Equity Incentive Plan, as it may be amended from time to time (the “Plan”), to purchase 4,000,300,000 shares of(subject to any adjustments for any stock splits, stock dividends, reverse stock splits or recapitalizations that are effected at any time during the Companys common stock (the Option). The Option shall vest over a four-year period, with one quarter (1/4) of the shares subject to the Option vesting on the one year anniversary ofperiod commencing after the date of grant,this letter and ending on the remaining shares vesting equally over the following thirty-six (36) months of continuous service. The Option shall be issued pursuant to the terms and conditionsgrant date of the CompanyOption, the “Option Shares”) of the Company’s 2015 Equity Incentive Plancommon stock, $0.001 par value per share (the Plan“Common Stock”), at an exercise price equal to 100% of the fair market value of the Companys common stockCommon Stock, as determined by the Board of Directors of the Company, on the date of grant, as provided in the Plan and consistent with the requirements for an exemption from the application of Section 409Agrant of the Internal Revenue CodeOption (the Code“Grant Date”), and shall be governed in all respects by the terms of the Plan, the grant notices and the option agreements..
Stock Option. AtSubject to the firstapproval of the Companys Board meeting following the Start Date, the Companyof Directors, you will grant yoube granted an option to purchase 4,000,0000 shares of Company common stock under the Companys common stock (the Option). The Option shalloption plan at an exercise price equal to the fair market value of that stock on your option grant date. Your option will vest over a four-year period, with one quarter (1/4)period of the sharesfour years, and will be subject to the Option vesting on the one year anniversary of the date of grant, and the remaining shares vesting equally over the following thirty-six (36) months of continuous service. The Option shall be issued pursuant to the terms and conditions of the Companys 2015 Equity Incentive Plan (the Plan), at an exercise price equalstock option plan and standard form of stock option agreement, which you will be required to 100%sign as a condition of receiving the fair market value of the Companys common stock on the date of grant, as provided in the Plan and consistent with the requirements for an exemption from the application of Section 409A of the Internal Revenue Code (the Code), and shall be governed in all respects by the terms of the Plan, the grant notices and the option agreements.option.
Company’s Common Stock Option. At the first Board meeting following the Start Date, the Company will grant you an option to purchase 4,000,000 shares(the “Option”). The exercise price per share of the Companys common stock (the Option).Option will be determined by the Board of Directors or the Compensation Committee when the Option is granted. The Option shall vest over a four-year period, with one quarter (1/4) of the shareswill be subject to the Option vesting on the one year anniversary of the date of grant, and the remaining shares vesting equally over the following thirty-six (36) months of continuous service. The Option shall be issued pursuant to the terms and conditions ofapplicable to options granted under the CompanyCompany’s 20152013 Equity Incentive Plan (the Plan“Plan”), at an exercise price equal to 100% and the applicable Stock Option Agreement. You will vest in 25% of the fair market valueOption shares after 12 months of continuous service with the Companys common stock onCompany, and the datebalance will vest in equal monthly installments over the next 36 months of grant,continuous service, as provideddescribed in the Plan and consistent with the requirements for an exemption from the application of Section 409A of the Internal Revenue Code (the Code), and shall be governed in all respects by the terms of the Plan, the grant notices and the option agreements.applicable Stock Option Agreement.
Stock Option. AtOptions. We will recommend to the first Board meeting following the Start Date,of Directors of the Company will grantthat you an optionbe granted the opportunity to purchase 4,000,000up to seven hundred and fifty thousand (750,000) shares of Common Stock of the Companys common stockCompany (the Option). The Option shall vest over a four-year period, with one quarter (1/4) of the shares subject to the Option vesting on the one year anniversary of the date of grant, and the remaining shares vesting equally over the following thirty-six (36) months of continuous service. The Option shall be issued pursuant to the terms and conditions of the Companys 2015 Equity Incentive under our 2006 Stock Plan (the Plan), at an exercise price equal to 100% of the fair market value of the Companys common stockCommon Stock, as determined by the Board of Directors on the date the Board approves such grant. The shares you will be given the opportunity to purchase will vest at the rate of grant,25% percent at the end of your first anniversary with the Company, and an additional 2.08333% percent per month thereafter, so long as provided inyou remain continuously employed by the Company. However, the grant of such options by the Company is subject to the Boards approval and this promise to recommend such approval is not a promise of compensation and is not intended to create any obligation on the part of the Company. Further details on the Plan and consistent with the requirements for an exemption from the applicationany specific option grant to you will be provided upon approval of Section 409A of the Internal Revenue Code (the Code), and shall be governed in all respectssuch grant by the termsCompanys Board of the Plan, the grant notices and the option agreements.Directors.
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