AvantGo, Inc. Stock Option Grant Notice to Thomas Hunter under 1997 Stock Option Plan

Contract Categories: Business Finance › Stock Agreements
Summary

AvantGo, Inc. grants Thomas Hunter the option to purchase 293,500 shares of its common stock at $1.75 per share, under the company's 1997 Stock Option Plan. The option vests over four years, with 25% vesting after one year and the remainder vesting monthly. The option can be exercised immediately, but must be exercised within 45 days after employment or consulting ends, subject to plan terms. Both parties agree to the terms by signing this notice.

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EX-10.9 20 0020.txt NOTICE OF STOCK OPTION GRANT TO THOMAS HUNTER EXHIBIT 10.9 AVANTGO, INC. 1997 STOCK OPTION PLAN NOTICE OF STOCK OPTION GRANT ---------------------------- Thomas Hunter You have been granted an option to purchase Common Stock ("Common Stock") ------------ of AvantGo, Inc. (the "Company") as follows: ------- Board Approval Date: September 21, 199 Date of Grant (Later of Board Approval Date or Commencement of Employment/Consulting): September 21, 1999 Vesting Commencement Date: August 16, 1999 Exercise Price Per Share: $1.75 Total Number of Shares Granted: 293,500 Total Exercise Price: $513,625 Type of Option: X Incentive Stock Option ("ISO") ----- --- _____ Nonstatutory Stock Option ("NSO") --- Term/Expiration Date: ((ExpirationDate)) Vesting Schedule: This Option may be exercised immediately, in whole or in part, and shall vest in accordance with the following schedule: 25% of the Shares subject to the Option shall vest on the twelve (12) month anniversary of the Vesting Commencement Date and 1/48 of the total number of Shares subject to the Option shall vest on the 16th of each month thereafter. Termination Period: This Option may be exercised for 45 days after termination of employment or consulting relationship except as set out in Sections 6 and 7 of the Stock Option Agreement (but in no event later than the Expiration Date). By your signature and the signature of the Company's representative below, you and the Company agree that this Option is granted under and governed by the terms and conditions of the 1997 Stock Option Plan and the Stock Option Agreement, both of which are attached and made a part of this document. Thomas Hunter: AvantGo, Inc.: /s/ Thomas Hunter By: /s/ Linus Upson - ------------------------------- --------------------------------- Signature Thomas Hunter Linus Upson, President - ------------------------------- ------------------------------------- Print Name Print Name and Title -2-