LookSmart, Ltd. Stock Option Agreement under Amended and Restated 1998 Stock Plan
This agreement is between LookSmart, Ltd. and an individual employee (the optionee), granting the optionee the right to purchase company stock at a specified price under the company's 1998 Stock Plan. The agreement outlines the number of shares, vesting schedule, and expiration date for the stock options. Both parties must sign the agreement, which is governed by the terms of the company's stock option plan. The optionee must exercise the options within the specified time frame and according to the plan's rules.
Exhibit 10.1
| LOOKSMART, LTD. | ||||
| STOCK OPTION AGREEMENT | ||||
| I. Notice of Stock Option Grant | AMENDED AND RESTATED 1998 STOCK PLAN | |||
| Name of Optionee | Option Number: | 000000 | ||
| Street address | Plan: | 1998 | ||
| City, State, Country | ||||
Effective you have been granted a Non-Qualified Stock Option to buy shares of LookSmart, Ltd. (the Company) stock at $ per share.
The total option price of the shares granted is $ .
Shares in each period will become fully vested on the date shown.
| Shares | Vest Type | Full Vest | Expiration | |||
| __ | On Vest Date | __ | __ | |||
| __ | Monthly | __ | __ |
By your signature and the Company’s signature below, you and the Company agree that these options that these options are granted under and governed by the terms and conditions of the Company’s Stock Option Plan as amended and the Option Agreement.
| LookSmart, Ltd./ Title: VP | Date | |
| Optionee | Date | |
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