SanDisk Corporation Notice of Grant of Stock Option to Employee

Contract Categories: Business Finance › Warrant Agreements
Summary

SanDisk Corporation grants an employee the option to purchase company common stock at a specified price, according to the terms of the 2005 Stock Incentive Plan. The agreement outlines the number of shares, exercise price, vesting schedule, and expiration date. The employee must agree to the plan's terms and acknowledges receipt of related documents. The agreement does not guarantee continued employment and allows either party to end employment at any time. All terms are defined in the attached Stock Option Agreement and Plan documents.

Read More Arrow
EX-10.2 3 f09765exv10w2.htm EXHIBIT 10.2 exv10w2  

Exhibit 10.2

SANDISK CORPORATION

NOTICE OF GRANT OF STOCK OPTION

     Notice is hereby given of the following option grant (the “Option”) to purchase shares of the Common Stock of SanDisk Corporation (the “Corporation”):

         
  Optionee:      
   
         
  Grant Date:    
   
         
  Vesting Commencement Date:    
   
         
  Exercise Price: $       per share
   
   
           
         
  Number of Option Shares:       shares
     
   
         
  Expiration Date:    
   
 
   Type of Option:                                Incentive Stock Option
 
            
                                  Non-Statutory Stock Option    

     Exercise Schedule: To be determined by the Plan Administrator.

     Optionee understands and agrees that the Option is granted subject to and in accordance with the terms of the SanDisk Corporation 2005 Stock Incentive Plan (the “Plan”). Optionee further agrees to be bound by the terms of the Plan and the terms of the Option as set forth in the Stock Option Agreement attached hereto as Exhibit A. Optionee hereby acknowledges the receipt of a copy of the official prospectus for the Plan in the form attached hereto as Exhibit B. A copy of the Plan is available upon request made to the Corporate Secretary at the Corporation’s principal offices.

     Employment at Will. Nothing in this Notice or in the attached Stock Option Agreement or in the Plan shall confer upon 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

 

 

     Corporation (or any Parent or Subsidiary employing or retaining Optionee) or of Optionee, which rights are hereby expressly reserved by each, to terminate Optionee’s Service at any time for any reason, with or without cause.

     Definitions. All capitalized terms in this Notice shall have the meaning assigned to them in this Notice or in the attached Stock Option Agreement.

DATED:                                                            

         
    SANDISK CORPORATION
 
        
  By:    
       
 
        
  Title:    
       
 
        
 
        
       
      , OPTIONEE
  Address:    
       
 
 
        
       

ATTACHMENTS
Exhibit A — Stock Option Agreement *
Exhibit B — Plan Summary and Prospectus *

     * The Form of Stock Option Agreement is available on the Company’s intranet website at http://sprocket/IR/ and is labeled “Stock Option Agreement Form 1”. A copy of the Plan Summary and Prospectus is also available on the Company’s intranet website at http://sprocket/IR/. You may also request a copy of the Form of Stock Option Agreement and the Plan Summary and Prospectus by contacting Stock Administration.

 

 

EXHIBIT A

STOCK OPTION AGREEMENT

 

 

EXHIBIT B

PLAN SUMMARY AND PROSPECTUS