Borland Software Corporation Notice of Grant of Stock Option to Employee

Contract Categories: Business Finance › Warrant Agreements
Summary

Borland Software Corporation grants an employee the option to purchase a specified number of shares of its common stock at a set price, subject to a vesting schedule. The option becomes partially exercisable after one year of service and continues to vest monthly over the next three years, provided the employee remains with the company. The grant is governed by the company's 2002 Stock Incentive Plan, and does not guarantee continued employment. All terms are detailed in the attached Stock Option Agreement and the Plan.

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EX-10.73 2 exhibit-10_73.htm EXHIBIT 10.73 Exhibit 10.73

BORLAND SOFTWARE CORPORATION

NOTICE OF GRANT OF STOCK OPTION

                        Notice is hereby given of the following option grant (the "Option") to purchase shares of the Common Stock of Borland Software Corporation (the "Corporation"):

                Optionee:

                Grant Date:

                Vesting Commencement Date:

                Exercise Price: $ _________ per share

                Number of Option Shares: __________ shares

                Expiration Date:

                Type of Option:

  

Incentive Stock Option
   

Non-Statutory Stock Option


                        Exercise Schedule: The Option shall become exercisable for twenty-five percent (25%) of the Option Shares upon Optionee's completion of one (1) year of Service measured from the Vesting Commencement Date and shall become exercisable for the balance of the Option Shares in a series of thirty-six (36) successive equal monthly installments upon Optionee's completion of each additional month of Service over the thirty-six (36) month period measured from the first anniversary of the Vesting Commencement Date. In no event shall the Option become exercisable for any additional Option Shares after Optionee's cessation of Service.

                        Optionee understands and agrees that the Option is granted subject to and in accordance with the terms of the Borland Software Corporation 2002 Stock Incentive Plan (the "Plan"). Optionee further agrees to be bound by the terms of the Plan and the terms of the Option as set forth in the Stock Option Agreement attached hereto as Exhibit A. Optionee hereby acknowledges the receipt of electronic delivery of the official prospectus for the Plan. A copy of the Plan is available upon request made to the Corporate Secretary at the Corporation's principal offices.

                        Employment At Will. Nothing in this Notice or in the attached Stock Option Agreement or in the Plan shall confer upon Optionee any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any Parent or Subsidiary employing or retaining Optionee) or of the Optionee, which rights are hereby expressly reserved by each, to terminate Optionee's Service at any time for any reason, with or without cause.

                        Definitions. All capitalized terms in this Notice shall have the meaning assigned to them in this Notice or in the attached Stock Option Agreement.

DATED: __________________

BORLAND SOFTWARE CORPORATION
   

By:

  
   
   

Title:

  
   
   
   

OPTIONEE

  
   

Signature:

  
   
   

Address:

  
   
   
   


ATTACHMENTS
Stock Option Agreement