Oplink Communications, Inc. 2000 Stock Plan Stock Option Agreement with Zee Hakimoglu

Summary

Oplink Communications, Inc. grants Zee Hakimoglu the option to purchase up to 500,000 shares of its common stock at $1.25 per share under its 2000 Stock Plan. The option vests over four years, with 25% vesting after one year and the remainder vesting monthly. If there is a change of control or if Hakimoglu is terminated without cause within the first year, one-fourth of the option vests immediately. The agreement is subject to the terms of the company's 2000 Stock Plan.

EX-10.27 7 dex1027.txt STOCK OPTION AGREEMENT ZEYNEP HAKIMOGLU EXHIBIT 10.27 OPLINK COMMUNICATIONS, INC. 2000 STOCK PLAN STOCK OPTION AGREEMENT Oplink Communications, Inc. (the "Company") hereby grants an option to purchase Shares of its Common Stock to the optionee named below on the terms and conditions set forth in this cover sheet and the Company's 2000 Stock Plan attached hereto (together, the "Stock Option Agreement"): Grant Number: 200001026 Optionee ID: 1504 Date of Grant: 1l/7/2001 Vesting Commencement Date: 1l/1/2001 Exercise Price Per Share: $1.25 Total Number of Shares Granted: 500,000 Type of Option: Incentive Stock Option Expiration Date: 11/7/2011 Exercise Schedule: The option granted hereunder may be exercised, in whole or in part, based on the vesting schedule as set forth below. Twenty-five percent (25%) of the Option shall vest on the one year anniversary of the Vesting Commencement Date and an additional 1/48th of the Option shall vest at the end of each full month thereafter, provided, however, In the event of a "Change of Control" (based on the definition set forth in that certain Employment Offer Letter dated October 15, 2001, by and between you and the Company (the "Employment Offer Letter")) or if you are terminated without a "Cause" (as defined in the Employment Offer Letter) within the first year of your employment with the Company, the vesting of one-fourth ( 1/4th) of your Option shall be accelerated immediately upon the Closing of the Change of Control or Termination without cause. By signing this cover sheet, you agree that this Stock Option Agreement is subject to the terms and conditions of this cover sheet and the 2000 Stock Plan which is attached hereto and made a part of this document. OPTIONEE: Oplink Communications, Inc. A Delaware corporation /s/ Zee Hakimoglu By: /s/ Frederick Fromm - ----------------------------- -------------------------------------- Zee Hakimoglu Mr. Frederick Fromm, President and CEO