Immersion Corporation Stock Option Grant Notice under 2008 Employment Inducement Award Plan

Contract Categories: Business Finance › Stock Agreements
Summary

Immersion Corporation grants a stock option to an employee, allowing them to purchase company shares at a set price under the 2008 Employment Inducement Award Plan. The option vests over four years, with 25% vesting after one year and the remainder vesting monthly over the next three years, provided the employee remains with the company. The agreement is governed by U.S. law and is subject to the terms of the Plan and related documents. Both the company and the employee must agree to these terms for the option to be valid.

Read More Arrow
EX-10.39 5 f42365exv10w39.htm EXHIBIT 10.39 exv10w39
Exhibit 10.39
     
  IMMERSION CORPORATION
NOTICE OF GRANT OF STOCK OPTION
The Participant has been granted an option (the “Option”) to purchase certain shares of Stock of Immersion Corporation pursuant to the Immersion Corporation 2008 Employment Inducement Award Plan (the “Plan”), as follows:
             
Participant:
  Employee ID:        
 
            
Date of Grant:
            
 
            
Option Number:
            
 
            
Number of Option Shares:
            
 
            
Exercise Price Per Share:
            
 
            
Vesting Commencement Date:
            
 
            
Option Expiration Date:
            
 
            
Tax Status of Option:
  Nonstatutory Stock Option.        
 
            
Vested Shares:   Except as provided in the Stock Option Agreement and provided the Participant’s Service has not terminated prior to the applicable date, the number of Vested Shares (disregarding any resulting fractional share) as of any date is determined by multiplying the Number of Option Shares by the “Vested Ratio” determined as of such date as follows:
 
            
 
      Vested Ratio
 
            
 
  Prior to first anniversary of Vesting Commencement Date     0  
 
            
 
  On first anniversary of Vesting Commencement Date (the “Initial Vesting Date”)     1/4  
 
            
 
  Plus        
 
  For each additional full month of the Participant’s continuous Service from Initial Vesting Date until the Vested Ratio equals 1/1, an additional     1/48  
 
            
Local Law:   The laws, rules and regulations of [United States], of which the Participant is a resident.
By their signatures below or by electronic acceptance or authentication in a form authorized by the Company, the Company and the Participant agree that the Option is governed by this Grant Notice and by the provisions of the Plan and the Stock Option Agreement, both of which are made a part of this document. The Participant acknowledges that copies of the Plan, the Stock Option Agreement and the prospectus for the Plan are available on the Company’s internal web site and may be viewed and printed by the Participant for attachment to the Participant’s copy of this Grant Notice. The Participant represents that the Participant has read and is familiar with the provisions of the Plan and the Stock Option Agreement, and hereby accepts the Option subject to all of their terms and conditions.
                 
IMMERSION CORPORATION       PARTICIPANT    
 
                
By:
                
 
 
 
      
 
    
 
          Signature    
Date:
                
 
               
 
          Date    
Address:
  801 Fox Lane       Address:    
 
  San Jose, California 95131            
     
ATTACHMENTS:
  2008 Employment Inducement Award Plan, as amended to the Date of Grant; Stock
Option Agreement, Exercise Notice and Plan Prospectus