Coherent, Inc. Restricted Stock Award Agreement under Amended 2001 Stock Plan
Coherent, Inc. has granted an employee a specified number of restricted stock shares under its Amended 2001 Stock Plan. The shares will vest in increments on certain dates, provided the employee remains with the company and the company meets performance goals set by the Board of Directors. The agreement is governed by the terms of the Stock Plan, the Award Agreement, and the Achievement Matrix. Both the employee and the company agree to abide by the plan's terms and the administrator's decisions.
Exhibit 10.3
COHERENT, INC | |
Notice of Grant of Award | ID: 94-1622541 |
And Award Agreement | PO Box 54980 |
| 5100 Patrick Henry Drive |
| Santa Clara, CA 95054 |
XXXXXXXXXXX |
| Award Number: |
| XXXXXXXX |
XXXXXXXXXXX |
| Plan: |
| 2001 |
XXXXXX, XX XXXXX |
| ID: |
| XXX |
Effective [ ], you have been granted [ ] shares of restricted stock under the Coherent, Inc. Amended 2001 Stock Plan (the Stock Plan). Unless otherwise defined herein, the terms defined in the Stock Plan shall have the same defined meanings in this Notice of Grant and the attached Award Agreement. Vesting of this Award is subject to the Company meeting or exceeding the performance goals set forth in the achievement matrix approved by the Board of Directors, which you have previously reviewed (the Achievement Matrix).
The total value of this award as of the grant date, assuming achievement of all applicable vesting requirements, is $[ ].
Subject to your continuing as a Service Provider through the relevant vesting dates, and subject to the Company equaling or exceeding the performance milestones set forth in the Achievement Matrix, this award will vest in increments up to the following amounts and on the dates shown:
Shares |
| Full Vest |
[ ] |
| [ ] |
[ ] |
| [ ] |
[ ] |
| [ ] |
By your signature and the Companys signature below, you and the Company agree that this award is granted under and governed by the terms and conditions of the Stock Plan, the Award Agreement and the Achievement Matrix. You agree to accept as final and binding all decisions or interpretations of the Administrator upon any questions relating to the Stock Plan and this Award.
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COHERENT, INC. |
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XXXXXXXXXXXX |
| Date |
1