LDR Holding Corporation Stock Option Grant Notice to Participant

Contract Categories: Business Finance › Warrant Agreements
Summary

LDR Holding Corporation grants a stock option to a participant, allowing them to purchase company shares under the terms of the LDR Holding Corporation Equity Incentive Plan. The agreement specifies the number of shares, exercise price, vesting schedule, and expiration date. The participant must remain employed for shares to vest, and the option is subject to the terms of the plan and any superseding agreement. Both the company and the participant must agree to these terms for the option to be valid.

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EX-10.7 14 d547303dex107.htm EX-10.7 EX-10.7

Exhibit 10.7

LDR HOLDING CORPORATION.

NOTICE OF GRANT OF STOCK OPTION

The LDR Holding Corporation. (the “Company”) has granted to the Participant an option (the “Option”) to purchase certain shares of Stock of the Company pursuant to the LDR Holding Corporation Equity Incentive Plan (the “Plan”), as follows:

 

Participant:

                                                               Employee ID:                                 

Date of Grant:

                                                                 

Number of Option Shares:

                                                          , subject to adjustment as provided by the Option Agreement.

Exercise Price:

    $                                                          

Initial Vesting Date:

                                                                 

Option Expiration Date:

                                                                 

Tax Status of Option:

                         Stock Option. (Enter “Incentive” or “Nonstatutory.” If blank, this Option will be a Nonstatutory Stock Option.)

Vested Shares:

    Except as provided in the Option Agreement, 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 Initial Vesting Date    0
   On Initial Vesting Date, provided the Participant’s Service as an Employee has not terminated prior to such date   
   Plus   
   For each additional full month of the Participant’s continuous Service as an Employee from Initial Vesting Date until the Vested Ratio equals 1/1, an additional   

Superseding Agreement:

    [None] [Name of applicable agreement]   
   The terms and conditions of the foregoing Superseding Agreement (if any) to which the Participant is a party shall, notwithstanding any provision of the Option Agreement to the contrary, supersede any inconsistent term or condition set forth in the Option Agreement to the extent intended by such Superseding Agreement.   

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 Option Agreement, both of which are made a part of this document. The Participant represents that the Participant has read and is familiar with the provisions of the Plan and the Option Agreement, and hereby accepts the Option subject to all of their terms and conditions.

 

LDR HOLDING CORPORATION.        PARTICIPANT
By:             
  [officer name]        Signature
  [officer title]         
         Date
Address:             
         Address