INTRUSION INC. NOTICE OF GRANT OF STOCK OPTION
Exhibit 10.2
INTRUSION 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 Intrusion Inc. (the “Corporation”):
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| GRANT DATE: |
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| EXERCISE PRICE: |
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| NUMBER OF OPTION SHARES: |
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| EXPIRATION DATE: |
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| TYPE OF OPTION: |
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| Incentive Stock Option | ||
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| Non-Statutory Stock Option | ||
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| VESTING SCHEDULE: |
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Optionee understands and agrees that the Option is granted subject to and in accordance with the terms of the Intrusion Inc. 2005 Stock 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. Optionee hereby acknowledges the receipt of a copy of the official prospectus for the Plan in the form attached hereto as EXHIBIT B. A copy of the Plan is available upon request made to the Corporate Secretary at the Corporation’s principal offices.
REPURCHASE RIGHTS. Optionee hereby agrees that the shares acquired upon the exercise of the Option may be subject to certain repurchase rights set forth in the Stock Option Agreement.
EMPLOYMENT AT WILL. Nothing in this Notice or in the attached Stock Option Agreement or in the 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 Corporation (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.
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| INTRUSION INC. | ||||||||||
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| By: |
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| Name: |
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| Title: |
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| OPTIONEE | ||||||||||
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| Signature: |
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| Printed Name: |
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| Address: |
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ATTACHMENTS
EXHIBIT A - STOCK OPTION AGREEMENT
EXHIBIT B - PLAN SUMMARY AND PROSPECTUS
