AVX Corporation Notice of Grant of Stock Options and Option Agreement
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Summary
AVX Corporation grants an employee the right to purchase a specified number of company shares at a set price under its stock option plan. The agreement outlines the number of shares, vesting schedule, and expiration date. Both the employee and the company must sign to accept the terms, which are governed by the company's stock option plan. This document formalizes the grant and the employee's participation in the plan.
EX-10.1 6 noticeofgrantofstockoptions.htm EXHIBIT 10.1 NOTICE OF GRANT OF STOCK OPTIONS Exhibit 10.1 Notice of Grant of Stock Options
| Notice of Grant of Stock Options and Option Agreement | AVX Corporation ID: 33-0379007 801 17th Avenue South Myrtle Beach, SC 29577 |
| [Optionee] | Option Number: |
| [Mailing Address] | Plan: |
| ID: |
Effective [ ], you have been granted a(n) [Incentive] Stock Option to buy [ ] shares of AVX Corporation (the Company) stock at $[ ] per share.
The total option price of the shares granted is $[ ].
Shares in each period will become fully vested on the date shown.
| Shares | Vest Type | Full Vest | Expiration | |||
By your signature and the Company's signature below, you and the Company agree that these options are granted under and governed by the terms and conditions of the Company's stock option plan referred to above, which is attached and made a part of this document.
| AVX Corporation | Date |
| Employee | Date |
