AvantGo, Inc. Stock Option Grant Notice to Jeff Webber under 1997 Stock Option Plan

Contract Categories: Business Finance › Warrant Agreements
Summary

AvantGo, Inc. has granted Jeff Webber an option to purchase 12,000 shares of its common stock at $0.25 per share, with a total exercise price of $3,000. The option vests over four years, with 25% vesting after one year and the remainder vesting monthly. The option is exercisable immediately and remains valid until April 16, 2009, subject to early termination if employment or consulting ends. The grant is governed by the company's 1997 Stock Option Plan and related agreement.

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EX-10.11 22 0022.txt NOTICE OF STOCK OPTION GRANT TO JEFFREY WEBBER EXHIBIT 10.11 AVANTGO, INC. 1997 STOCK OPTION PLAN NOTICE OF STOCK OPTION GRANT ---------------------------- Jeff Webber R.B. Webber & Co. 1717 Embarcadero Road, #2000 Palo Alto, CA 94303 You have been granted an option to purchase Common Stock ("Common Stock") ------------ of AvantGo, Inc. (the "Company") as follows: ------- Board Approval Date: 4/16/99 Date of Grant (Later of Board Approval Date or Commencement of Employment/Consulting): 4/16/99 Vesting Commencement Date: 4/16/99 Exercise Price Per Share: $0.25 Total Number of Shares Granted: 12,000 Total Exercise Price: $3,000.00 Type of Option: Incentive Stock Option ("ISO") ---- --- X Nonstatutory Stock Option ("NSO") ---- --- Term/Expiration Date: 4/16/09 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. Jeff Webber: AvantGo, Inc.: /s/ Jeff Webber By: /s/ Felix Lin - ---------------- ------------------- Signature Jeffrey F Webber Felix Lin, CEO - ---------------- -------------------- Print Name Print Name and Title -2-