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Term of Option
Term of Option contract clause examples

Option. On the terms and conditions set forth in the 2005 Stock Option Plan (the “Plan”) and this Stock Option Agreement (“Agreement”), [[Organization A:Organization]], a California corporation (the “Corporation”) grants to , ☐ an Employee or ☐ an Outside Director or ☐ a Consultant (the “Optionee”), on ,20 (the “Date of Grant”), the option to purchase ( ) shares of Common Stock (the “Option Shares”), at the Exercise Price per share of $ (the “Exercise Price”) (not to be less than eighty-five percent [85%] of Fair Market Value, or one hundred percent [100%] of Fair Market Value for Ten Percent Holders). This Option is intended to be ☐ an ISO (Employees only) or ☐ an NQSO. This Option will expire ☐ sixty (60) months after the Date of Grant (maximum for an ISO granted to a Ten Percent Holder) or ☐ one hundred twenty (120) months after the Date of Grant (maximum) or ☐ . Vesting of this grant shall commence on ,20 (“Initial Vest Date”).

This Nonstatutory Stock Option Agreement (the “Agreement”) evidences the grant by , (the “Company”), on [ , 20 ] (the “Grant Date”) to ​, an employee, consultant or director of the Company (the “Participant”), of an option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2015 Stock Incentive Plan (the “Plan”), a total of ​ shares (the “Shares”) of common stock, $0.01 par value per share, of the Company (“Common Stock”) at $​ per Share. Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern time, on [ , 20 ] [date is ten years minus one day from grant date] (the “Final Exercise Date”).

This Nonstatutory Stock Option Agreement (the “Agreement”) evidences the grant by [[Organization A:Organization]], a Delaware corporation (the “Company”), on [ , 20 ] (the “Grant Date”) to ​, an employee, consultant or director of the Company (the “Participant”), of an option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2015 Stock Incentive Plan (the “Plan”), a total of ​ shares (the “Shares”) of common stock, $0.001 par value per share, of the Company (“Common Stock”) at $​ per Share. Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern time, on [ , 20 ] [date is ten years minus one day from grant date] (the “Final Exercise Date”).

This Nonstatutory Stock Option Agreement (the “Agreement”) evidences the grant by [[Organization A:Organization]], a Delaware corporation (the “Company”), on [ , 20 ] (the “Grant Date”) to ​, an employee, consultant or director of the Company (the “Participant”), of an option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2016 Stock Incentive Plan (the “Plan”), a total of ​ shares (the “Shares”) of common stock, $0.001 par value per share, of the Company (“Common Stock”) at $​ per Share. Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern time, on [ , 20 ] [date is ten years minus one day from grant date] (the “Final Exercise Date”).

This Incentive Stock Option Agreement (the “Agreement”) evidences the grant by , (the “Company”), on [ , 20 ] (the “Grant Date”) to ​, an employee of the Company (the “Participant”), of an option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2015 Stock Incentive Plan (the “Plan”), a total of ​ shares (the “Shares”) of common stock, $0.01 par value per share, of the Company (“Common Stock”) at $​ per Share. Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern time, on [ , 20 ] [date is ten years minus one day from grant date] (the “Final Exercise Date”).

This Incentive Stock Option Agreement (the “Agreement”) evidences the grant by [[Organization A:Organization]], a Delaware corporation (the “Company”), on [ , 20 ] (the “Grant Date”) to ​, an employee of the Company (the “Participant”), of an option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2015 Stock Incentive Plan (the “Plan”), a total of ​ shares (the “Shares”) of common stock, $0.001 par value per share, of the Company (“Common Stock”) at $​ per Share. Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern time, on [ , 20 ] [date is ten years minus one day from grant date] (the “Final Exercise Date”).

Option Grant. The Company hereby grants to the Optionee, as of the Date of Grant, the right and option (this “Option”) to purchase the number of shares of the Company’s Common Stock (the “Shares”) for the exercise price per share (the “Exercise Price”), all as set forth below. Such Option shall vest and terminate according to the vesting schedule and term information described below. All terms of this Stock Option Grant Agreement shall be subject to the terms and conditions of the 2005 Long-Term Incentive Plan:

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