Lightbridge, Inc. Director Stock Option Grant Notice under 2004 Stock Incentive Plan
Lightbridge, Inc. grants a director the option to purchase a specified number of company shares at a set price, under the terms of its 2004 Stock Incentive Plan. The options vest either in three equal annual installments or immediately, depending on the grant type. Both parties agree to the plan's terms, and the director consents to receive related documents electronically. The agreement is effective as of the grant date and requires signatures from both the director and the company.
FORM OF NOTICE OF STOCK OPTION TO DIRECTORS
Lightbridge, Inc.30 Corporate DriveBurlington, MA 01803
Notice of Grant of Stock Options
Name | Option Number: | XXXXXXX | ||||||
Address | Plan: | 04 | ||||||
City, State, Zip
Effective Month, dd, yyyy, you have been granted a Stock Option to buy XXXXXX shares of Lightbridge, Inc. (the “Company”) stock at $xxxxxx per share.
The total option price of the shares granted is $XXXXXXXXXX.
Shares in each period will become fully vested on the date shown.
Initial grant vesting schedule:
In three annual equal installments beginning on the first anniversary date of the option grant.
Annual option grant vesting schedule:
Option vests in full on date of grant.
Notice, Access and Consent. By your signature and the Company’s signature below, you and the Company agree that these options are granted under and governed by the terms and conditions of the Company’s 2004 Stock Incentive Plan, as amended (the “Plan”), and the Terms and Conditions of Stock Options, both of which are incorporated herein and made a part of this document. The current Prospectus relating to the shares of Common Stock offered under the 2004 Incentive Plan, the Plan and the Terms and Conditions of Stock Options are available on the Company’s intranet website at www.inside.lightbridge.com and at www.optionslink.com and can be downloaded or printed for your convenience, or provided in written form by contacting the Company’s Human Resources Department at 30 Corporate Drive, Burlington, MA 01803, 781 ###-###-####. By your signature below, you consent to the delivery of those documents in the manner described herein.
Robert E. Donahue
Chief Executive Officer, Lightbridge, Inc.
Date
Employee Date
