Digirad Corporation Notice of Grant of Stock Option under 1998 Stock Option/Stock Issuance Plan

Summary

This agreement is a notice from Digirad Corporation granting a stock option to an individual (the Optionee) under the company's 1998 Stock Option/Stock Issuance Plan. The Option allows the Optionee to purchase company shares at a set price, with 25% of the shares vesting after one year of service and the remainder vesting daily over the next three years. The shares are subject to repurchase rights and rights of first refusal by the company. The agreement does not guarantee continued employment or service with Digirad Corporation.

EX-10.23 24 a2059793zex-10_23.txt EXHIBIT 10.23 EXHIBIT 10.23 IMMEDIATELY EXERCISABLE DIGIRAD CORPORATION NOTICE OF GRANT OF STOCK OPTION Notice is hereby given of the following stock option grant (the "Option") pursuant to the 1998 STOCK OPTION/STOCK ISSUANCE PLAN (the "Plan") to purchase shares of the Common Stock of Digirad Corporation (the "Corporation"): Optionee: --------- -------------------------------- Grant Date: ---------- -------------------------------- Grant Number: Option Price: $ per share ------------ --------- ------------ ---------- Vesting Commencement Date: ------------------------- ----------------------- Number of Option Shares: shares ----------------------- Expiration Date: --------------- ------------------------- Type of Option: Incentive Stock Option -------------- ------ Non-Statutory Stock Option ------ DATE EXERCISABLE: The Option shall be immediately exercisable for all vested and unvested shares. VESTING SCHEDULE The Option Shares shall be vest in accordance with the following vesting schedule: (a) No Option Shares shall vest until the Optionee has completed one full year of Service (as defined in the Plan) measured from the Vesting Commencement Date. (b) On the first anniversary of the Vesting Commencement Date, 25% of the Option Shares shall become vested. (c) The balance of the Option Shares shall thereafter vest daily over the next 3 years following the initial vesting of Option Shares pursuant to paragraph (b). Optionee understands that the Option is granted pursuant to the Corporation's Plan. By signing below, optionee agrees to be bound by the terms and conditions of the Plan and the terms and conditions of the Option as set forth in the Stock Option Agreement attached hereto as Exhibit A. Optionee understands that any Option Shares purchased under the Option will be subject to the terms and conditions set forth in the Stock Purchase Agreement attached hereto as Exhibit B. Optionee hereby acknowledges receipt of a copy of the Plan in the form attached hereto as Exhibit C. REPURCHASE RIGHTS. THE OPTIONEE HEREBY AGREES THAT ALL OPTION SHARES ACQUIRED UPON THE EXERCISE OF THE OPTION SHALL BE SUBJECT TO REPURCHASE RIGHTS AND RIGHTS OF FIRST REFUSAL EXERCISABLE BY THE CORPORATION AND ITS ASSIGNS UPON ANY PROPOSED SALE, ASSIGNMENT, TRANSFER, ENCUMBRANCE OR OTHER DISPOSITION OF THE CORPORATION'S SHARES. THE TERMS AND CONDITIONS OF SUCH RIGHTS ARE SPECIFIED IN THE STOCK PURCHASE AGREEMENT. NO EMPLOYMENT OR SERVICE CONTRACT. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the Service of the Corporation for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation or the Optionee, which rights are hereby expressly reserved by each, to terminate Optionee's Service at any time for any reason whatsoever, with or without cause. , 199 --------------- -- Date DIGIRAD CORPORATION By: ------------------------------------- Title: ---------------------------------- ------------------------------------- Optionee Address: ------------------------------------- ------------------------------------- 2 EXHIBIT A STOCK OPTION AGREEMENT Filed separately as an Exhibit to this Registration Statement A-1 EXHIBIT B STOCK PURCHASE AGREEMENT Filed separately as an Exhibit to this Registration Statement B-1 EXHIBIT C 1998 STOCK OPTION/STOCK ISSUANCE PLAN Filed separately as an Exhibit to this Registration Statement C-1