AVX Corporation 2014 Stock Option Grant Notice to Employee
AVX Corporation is granting an employee the right to purchase company stock under its 2014 Stock Option Plan. The agreement outlines the number of shares, grant price, total cost to exercise, expiration date, and a vesting schedule, which may be either 25% per year over four years or a special vesting arrangement. The options may be classified as either Incentive Stock Options or Non-Qualified Stock Options. The employee must comply with the plan's terms to exercise the options within the specified time frame.
EXHIBIT 10.19
Date
[Employee Name]
[Address][City, State Zip Code]
Dear [ ]:
Pursuant to the terms and conditions of the AVX Corporation 2014 Stock Option Plan (the 'Plan'), you have been granted an Incentive Stock Option to purchase [ ] shares of stock as outlined below.
Granted To:[ ]
Grant Date:[ ]
Granted:[ ]
Grant Price:$[ ]Total Cost to Exercise:$[ ]
Expiration Date:[ ]
Vesting Schedule:25% per year for 4 years
[ ] on xx/xx/xx
[ ] on xx/xx/xx
[ ] on xx/xx/xx
[ ] on xx/xx/xx
Date
[Employee Name]
[Address][City, State Zip Code]
Dear [ ]:
Pursuant to the terms and conditions of the AVX Corporation 2014 Stock Option Plan (the 'Plan'), you have been granted a Non-Qualified Stock Option to purchase [ ] shares of stock as outlined below.
Granted To:[ ]
Grant Date:[ ]
Granted:[ ]
Grant Price:$[ ]Total Cost to Exercise:$[ ]
Expiration Date:[ ]
Vesting Schedule:Special Vesting
[ ] on xx/xx/xx
[ ] on xx/xx/xx
[ ] on xx/xx/xx
Pursuant to the terms and conditions of the Plan, you have been granted an Incentive Stock Option to purchase [ ] shares of stock as outlined below.
Granted To:[ ]
Grant Date:[ ]
Granted:[ ]
Grant Price:$[ ]Total Cost to Exercise:$[ ]
Expiration Date:[ ]
Vesting Schedule:Special Vesting
[ ] on xx/xx/xx
[ ] on xx/xx/xx
[ ] on xx/xx/xx
