AvantGo, Inc. Nonstatutory Stock Option Grant to Gregory Waldorf (1997 Stock Option Plan)

Summary

AvantGo, Inc. grants Gregory Waldorf a nonstatutory stock option to purchase 20,000 shares of common stock at $2.50 per share, under the 1997 Stock Option Plan. The option vests over time, with a portion vesting after six months and the remainder monthly thereafter. All shares vest immediately if Waldorf is terminated following certain company transactions. The option must be exercised within 45 days of employment or consulting termination, and no later than July 14, 2009. The grant is subject to the terms of the Stock Option Plan and Agreement.

EX-10.14 13 0013.txt NOTICE OF STOCK OPTION GRANT TO GREGORY WALDORF Exhibit 10.14 AVANTGO, INC. 1997 STOCK OPTION PLAN NOTICE OF STOCK OPTION GRANT ---------------------------- Gregory Waldorf 221 Santa Rita Ave. Palo Alto, CA 94301 You have been granted an option to purchase Common Stock ("Common Stock") ------------ of AvantGo, Inc. (the "Company") as follows: ------- Board Approval Date: 07/15/99 Date of Grant (Later of Board Approval Date or Commencement of Employment/Consulting): 07/15/99 Vesting Commencement Date: 07/15/99 Exercise Price Per Share: $2.50 Total Number of Shares Granted: 20,000 Total Exercise Price: $50,000.00 Type of Option: ___ Incentive Stock Option ("ISO") --- X Nonstatutory Stock Option ("NSO") --- --- Term/Expiration Date: 7/14/2009 Vesting Schedule This Option may be exercised immediately, in whole or in part, and shall vest in accordance with the following schedule: 1/6/th/ of the Shares subject to the Option shall vest and become exercisable on the six (6) month anniversary of the Vesting Commencement Date; and 1/36/th/ of the total number of Shares subject to the Option shall vest on the 15/th/ of each month thereafter; provided, however, that 100% of the Shares subject to this option shall become vested and immediately exercisable if the Optionee is terminated immediately following a transaction pursuant to Section 11(c) of the 1997 Stock Option Plan. 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/ Jeffrey T. Webber /s/ Felix Lin ______________________________ By: _________________________________ Signature Jeffrey T. Webber Felix Lin, CEO ______________________________ _____________________________________ Print Name Print Name and Title -2-