Plug Power Inc. Stock Option Agreement under 1999 Stock Option and Incentive Plan
This agreement grants an employee of Plug Power Inc. the right to purchase company stock at a specified price, according to the terms of the 1999 Stock Option and Incentive Plan. The agreement outlines the number of options granted, the grant date, exercise price, total cost to exercise, expiration date, and vesting schedule. The employee must review and correct any personal information and may request a copy of the full plan from the Employee Benefits Department.
Exhibit 10.32
<Date>
<Employee Name>
<Employee Address>
Dear <Employee Name>:
Pursuant to the terms and conditions of the Plug Power Inc., 1999 Stock Option and Incentive Plan (the “Plan”), you have
| Granted To: | ||
| Grant Date: | ||
| Granted: Grant Price: | Total Cost to Exercise: | |
| Expiration Date: | ||
| Vesting Schedule: | ||
The Grant on the date shown above, has been issued to me under the terms and conditions of the Plan. If you need a copy of the plan, please contact your Employee Benefits Department.
Note: If there are any discrepancies in the name or address shown above, please
make the appropriate corrections on this form and return to your Employee Benefits Department
