Crocs, Inc. Notice of Grant of Stock Option to Optionee under 2005 Equity Incentive Plan

Contract Categories: Business Finance › Warrant Agreements
Summary

This agreement is a notice from Crocs, Inc. granting an individual (the Optionee) the right to purchase a specified number of shares of Crocs, Inc. common stock at a set price, under the company's 2005 Equity Incentive Plan. The agreement outlines the exercise price, vesting schedule, and expiration date of the option. It also states that any shares acquired are subject to repurchase rights and rights of first refusal by the company. The agreement does not guarantee continued employment or service for any specific period.

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EX-10.3 6 a2161416zex-10_3.htm EXHIBIT 10.3
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Exhibit 10.3


CROCS, INC.
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 CROCS, INC. (the "Company"):

  Optionee:       
  Grant Date:       
  Vesting Commencement Date:       
  Exercise Price:   $                                     per share
  Number of Option Shares:   $                         shares of Common Stock
  Expiration Date:       
  Type of Option:       
   Incentive Stock Option

 
 
    
 
Non-Statutory Stock Option
Date Exercisable:   Immediately Exercisable

Vesting Schedule:
 
    

    

        For purposes of the Option, the term "Service" shall mean the provision of services to the Company (or any Subsidiary or Affiliate) by a person in the capacity of an employee, a non-employee member of the board of directors or a consultant or independent advisor, except to the extent otherwise specifically provided in the Option Agreement.

        Optionee understands and agrees that the Option is granted subject to and in accordance with the terms of the 2005 Equity 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 (the "Option Agreement").

        Optionee understands that any Option Shares purchased under the Option will be subject to the terms set forth in the Stock Purchase Agreement attached hereto as Exhibit B (the "Purchase Agreement"). Optionee hereby acknowledges receipt of a copy of the Plan in the form attached hereto as Exhibit C.

        REPURCHASE RIGHTS. OPTIONEE HEREBY AGREES THAT ALL OPTION SHARES ACQUIRED UPON THE EXERCISE OF THE OPTION SHALL BE SUBJECT TO CERTAIN REPURCHASE RIGHTS AND RIGHTS OF FIRST REFUSAL EXERCISABLE BY THE COMPANY AND ITS ASSIGNS. THE TERMS OF SUCH RIGHTS ARE SPECIFIED IN THE ATTACHED STOCK PURCHASE AGREEMENT.


        At Will Employment.    Nothing in this Notice or in the attached Stock Option Agreement or 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 Company (or any Parent or Subsidiary employing or retaining Optionee) or of 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:                         , 20    


 
 
COMPANY:

 
 
CROCS, INC.

 
 
By:
 
    

 
 
Title:
 
    

 
 
OPTIONEE:

 
 
Signature:
 
    

 
 
Printed Name:
 
    

 
 
Address:
 
    

 
 
 
 

Attachments:

Exhibit A—Stock Option Agreement

Exhibit B—Stock Purchase Agreement

Exhibit C—2005 Equity Incentive Plan

2

EXHIBIT A
STOCK OPTION AGREEMENT
Filed as Exhibit 10.6

EXHIBIT B
STOCK PURCHASE AGREEMENT
Filed as Exhibit 10.5

EXHIBIT C
2005 EQUITY INCENTIVE PLAN
Filed as Exhibit 10.2



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CROCS, INC. NOTICE OF GRANT OF STOCK OPTION