AvantGo, Inc. Nonstatutory Stock Option Grant Notice to Dennis Jones (April 7, 2000)

Summary

AvantGo, Inc. grants Dennis Jones the option to purchase up to 50,000 shares of its common stock at $2.90 per share under its 1997 Stock Option Plan. The option is a nonstatutory stock option, effective April 7, 2000, and expires on April 7, 2010. The shares vest gradually, with 1/6th vesting after six months and the remainder vesting monthly over the following 30 months. If Dennis Jones's employment or consulting relationship ends, he has 45 days to exercise any vested options, subject to plan terms.

EX-10.15 26 0026.txt NOTICE OF STOCK OPTION GRANT TO DENNIS JONES EXHIBIT 10.15 AVANTGO, INC. 1997 STOCK OPTION PLAN NOTICE OF STOCK OPTION GRANT ---------------------------- Dennis Jones You have been granted an option to purchase Common Stock ("Common Stock") ------------ of AvantGo, Inc. (the "Company") as follows: ------- Board Approval Date: April 7, 2000 Date of Grant (Later of Board Approval Date or Commencement of Employment/Consulting): April 7, 2000 Vesting Commencement Date: April 7, 2000 Exercise Price Per Share: $2.90 Total Number of Shares Granted: 50,000 Total Exercise Price: $145,000 Type of Option: ____Incentive Stock Option ("ISO") --- X Nonstatutory Stock Option ("NSO") ---- --- Term/Expiration Date: April 7, 2010 Vesting Schedule: This Option may be exercised immediately, in whole or in part, and shall vest in accordance with the following schedule: 1/6th of the Shares subject to the Option shall vest on the six (6) month anniversary of the Vesting Commencement Date and 1/36th of the total number of Shares subject to the Option shall vest on the 7th 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. Dennis Jones: AvantGo, Inc.: - --------------------------- By: /s/ Felix Lin Signature -------------------------- Felix Lin, Chairman of the Board - --------------------------- -------------------------- Print Name Print Name and Title -2-