Presstek, Inc. Nonqualified Stock Option Agreement with Employee under 2003 Stock Option and Incentive Plan
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Summary
Presstek, Inc. grants a nonqualified stock option to an employee, allowing the purchase of a specified number of company shares at a set price, under the 2003 Stock Option and Incentive Plan. The option vests according to a schedule, provided the employee remains with the company. Unvested options are forfeited if employment ends, while vested options can be exercised within 30 days after termination. The agreement outlines the key terms and conditions of the stock option grant.
EX-10.Z 4 exhibit10z.htm FORM OF STOCK OPTION AGREEMENT exhibit10z.htm
Exhibit 10(z)
PRESSTEK, INC.
NONQUALIFIED STOCK OPTION AGREEMENT
Presstek, Inc. (the “Company”) hereby grants the following nonqualified stock option pursuant to its 2003 Stock Option and Incentive Plan. The terms and conditions attached hereto are also a part hereof and the undersigned Optionee hereby acknowledges receipt of such terms and conditions.
Name of Employee (the “Optionee”): | |
Date of this option grant: | XXXXX, 2007 |
Number of shares of the Company’s Common Stock subject to this option (“Option Shares”): | |
Option exercise price per share: | |
Vesting Start Date: | XXXXX, 2007 |
Vesting Schedule:
| HERE |
All vesting is dependent on the continuation of service with the Company, as provided for by the Plan. Unvested options expire immediately upon termination of employment. Vested options may be exercised after termination of employment for 30 days. |
Presstek, Inc. | |
____________________________________ | By |
Signature of Optionee | Name of Officer: |
Address: | Title: |