Genencor International, Inc. Stock Option Grant Notice under Stock Option and Stock Appreciation Right Plan

Contract Categories: Business Finance › Stock Agreements
Summary

Genencor International, Inc. grants a nonstatutory stock option to a participant, allowing them to purchase a specified number of company shares at a set price. The options vest over three years, with one-third vesting each year after the grant date. The agreement outlines the terms, vesting schedule, and total exercise price, and requires the participant to acknowledge receipt and acceptance of the terms. This notice, along with the attached plan documents, forms the complete agreement between the company and the participant regarding this stock option grant.

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EX-10.4 9 ex10-4.txt EXHIBIT 10.4 1 EXHIBIT 10.4 GENENCOR INTERNATIONAL, INC. STOCK OPTION GRANT NOTICE (STOCK OPTION AND STOCK APPRECIATION RIGHT PLAN) Genencor International, Inc. (the "Company"), pursuant to its Stock Option and Stock Appreciation Right Plan (the "Plan"), hereby grants to Participant an option to purchase the number of shares set forth below. This award is subject to all of the terms and conditions as set forth herein and in the NonStatutory Stock Option or Stock Appreciation Right Agreement (the "Agreement"), the Plan and the Notice of Exercise, all of which are attached hereto and incorporated herein in their entirety. Effective mm/dd/yyyy, you have been granted a Nonstatutory Stock Option to buy xxx shares of Genencor International, Inc. (the Company) stock at an exercise price of $XX.XX per share. PARTICIPANT: Participant Name TYPE OF GRANT: Nonstatutory Stock Option GRANT NUMBER: xxxxxx PLAN: Stock Option and Stock Appreciation Right VESTING SCHEDULE: 1/3rd of the Options vest one year after the Vesting Commencement Date. 1/3rd of the Options vest annually thereafter over the next two years. The total exercise price of the shares granted is $XX,XXX.XX. Shares in each period will become fully vested on the date shown.
SHARES EXERCISE TYPE FULL VEST EXPIRATION xxx On Vest Date xx/xx/xxx xx/xx/xxxx xxx On Vest Date xx/xx/xxx xx/xx/xxxx xxx On Vest Date xx/xx/xxx xx/xx/xxxx
ADDITIONAL TERMS/ACKNOWLEDGEMENTS: The undersigned Participant acknowledges receipt of, and understands and agrees to, this Grant Notice, the Agreement and the Plan. Participant further acknowledges that as of the Date of Grant, this Grant Notice, the Agreement and the Plan set forth the entire understanding between Participant and the Company regarding the acquisition of stock in the Company and supersede all prior oral and written agreements on that subject with the exception of (i) options or SARs previously granted and delivered to Participant under the Plan, and (ii) the following agreements only: OTHER AGREEMENTS: --------------------------------- --------------------------------- GENENCOR INTERNATIONAL, INC. PARTICIPANT: By: --------------------------------- --------------------------------- Signature Signature Title: Date: ------------------------------ ---------------------------- Date: --------------------------------- ATTACHMENTS: The Agreement, the Stock Option and Stock Appreciation Right Plan, Notice of Exercise and Beneficiary Designation Form 2 ATTACHMENT I OPTION AGREEMENT OR SAR AGREEMENT 3 ATTACHMENT II STOCK OPTION AND STOCK APPRECIATION RIGHT PLAN 4 ATTACHMENT III NOTICE OF EXERCISE