Memory Pharmaceuticals Corp. Notice of Stock Option Grant Under 2004 Stock Incentive Plan

Summary

This agreement is a notice of a stock option grant from Memory Pharmaceuticals Corp. to an employee or service provider, allowing them to purchase company shares at a set price. The options vest in eight equal quarterly installments over two years, provided the recipient remains in service. The grant is subject to the terms of the company's 2004 Stock Incentive Plan and does not guarantee continued employment or service. The agreement includes details such as the number of shares, exercise price, and vesting schedule.

EX-10.2 3 y02145exv10w2.txt FORM OF NOTICE OF GRANT EXHIBIT 10.2 MEMORY PHARMACEUTICALS CORP. Notice of Stock Option Grant Under 2004 Stock Incentive Plan Notice is hereby given of the following option grant (the "Option") to purchase shares of Common Stock of Memory Pharmaceuticals Corp. (the "Company"): Optionee: _____________________________________________________________ Grant Date: ___________________________________________________________ Vesting Commencement Date: ____________________________________________ Exercise Price: $__________________ per share Number of Option Shares: ____________________ shares of Common Stock Termination Date: _____________________________________________________ Type of Option: _______ Incentive Stock Option _______ Non-Statutory Stock Option Vesting Schedule: The Option Shares shall initially be unvested. The Optionee shall acquire a vested interest in the Option Shares in a series of eight (8) successive equal quarterly installments upon the Optionee's completion of each quarter of Service over the twenty-four (24) month period measured from the Vesting Commencement Date, with the first installment vesting on the three-month anniversary of the Vesting Commencement Date. In no event shall any additional Option Shares vest after the Optionee's cessation of Service. The Optionee understands and agrees that the Option is granted subject to and in accordance with the terms of the Memory Pharmaceuticals Corp. 2004 Stock Incentive Plan (the "Plan"). The Optionee further agrees to be bound by the terms of the Option as set forth in this Notice of Grant and in the Stock Option Agreement attached hereto as Exhibit A, as well as the terms of the Plan, which is attached hereto as Exhibit B. No Employment or Service Contract. Nothing in this Notice of Grant or in the attached Stock Option Agreement or Plan shall confer upon the 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 Company (or any Parent or Subsidiary employing or retaining the Optionee) or of the Optionee, which rights are hereby expressly reserved by each, to terminate the Optionee's Service at any time for any reason, with or without cause. DATED: _______________, 20__ MEMORY PHARMACEUTICALS CORP. By:__________________________________ Title:_______________________________ OPTIONEE By: ______________________________ Address: _________________________ _________________________ _________________________ ATTACHMENTS Exhibit A - Stock Option Agreement Exhibit B - 2004 Stock Incentive Plan