Critical Path, Inc. Stock Option Grant and Option Agreement with Robert Al Shipp

Contract Categories: Business Finance › Stock Agreements
Summary

Critical Path, Inc. has granted Robert Al Shipp both Incentive Stock Options and Non-Qualified Stock Options to purchase a total of 2,000,000 shares at $0.49 per share, under the company's 1998 Stock Option Plan. The options vest over several years, with specific vesting dates and an expiration date of October 9, 2012. The agreement is governed by the terms of the company's Stock Option Plan and any applicable written agreements between the parties.

Read More Arrow
EX-10.30 6 f87878exv10w30.txt EXHIBIT 10.30 EXHIBIT 10.30 CRITICAL PATH, INC. NOTICE OF GRANT OF STOCK OPTIONS ID: 91-1788-300 AND OPTION AGREEMENT 350 The Embarcadero 6th Floor San Francisco, CA 94105 ROBERT AL SHIPP OPTION NUMBER: 0005056 7 GLEN HOLLOW ROAD PLAN: 1998 DANVILLE, CA USA 94506 ID: 13824 Effective 10/10/2002, you have been granted a(n) Incentive Stock Option to buy 816,324 shares of Critical Path, Inc. (the Company) stock at $0.4900 per share. The total option price of the shares granted is $399,998.76. Shares in each period will become fully vested on the date shown.
Shares Vest Type Full Vest Expiration ------ --------- --------- ---------- 87,463 On Vest Date 4/10/2003 10/9/2012 116,618 Monthly 12/10/2003 10/9/2012 204,081 Monthly 12/10/2004 10/9/2012 204,081 Monthly 12/10/2005 10/9/2012 204,081 Monthly 10/10/2006 10/9/2012
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, as amended and in effect, and the Option Agreement applicable to such Plan, each of which is attached and made a part of this document. This option grant may also be governed by the terms and conditions of any written agreement between you and the Company. - --------------------------------- ----------------------------- Critical Path, Inc. Date - --------------------------------- ----------------------------- ROBERT AL SHIPP Date Date: 10/29/2002 Time: 8:53:21AM CRITICAL PATH, INC. NOTICE OF GRANT OF STOCK OPTIONS ID: 91-1788-300 AND OPTION AGREEMENT 350 The Embarcadero 6th Floor San Francisco, CA 94105 ROBERT AL SHIPP OPTION NUMBER: 0005057 7 GLEN HOLLOW ROAD PLAN: 1998 DANVILLE, CA USA 94506 ID: 13824 Effective 10/10/2002, you have been granted a(n) Non-Qualified Stock Option to buy 1,183,676 shares of Critical Path, Inc. (the Company) stock at $0.4900 per share. The total option price of the shares granted is $580,001.24. Shares in each period will become fully vested on the date shown.
Shares Vest Type Full Vest Expiration ------ --------- --------- ---------- 162,537 On Vest Date 4/10/2003 10/9/2012 216,715 Monthly 12/10/2003 10/9/2012 295,919 Monthly 12/10/2004 10/9/2012 295,919 Monthly 12/10/2005 10/9/2012 212,586 Monthly 10/10/2006 10/9/2012
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, as amended and in effect, and the Option Agreement applicable to such Plan, each of which is attached and made a part of this document. This option grant may also be governed by the terms and conditions of any written agreement between you and the Company. - ---------------------------------- ----------------------------- Critical Path, Inc. Date - ---------------------------------- ----------------------------- ROBERT AL SHIPP Date Date: 10/29/2002 Time: 8:53:21AM