Segue Software, Inc. Non-Qualified Stock Option Agreement for Directors

Contract Categories: Business Finance › Warrant Agreements
Summary

This agreement is between Segue Software, Inc. and a director, granting the director a non-qualified stock option to purchase a specified number of company shares at a set price. The agreement outlines the vesting schedule, expiration date, and confirms that the grant is subject to the terms of the company's Stock Option Plan. Both the company and the director must sign to accept the terms.

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EX-10.2 3 b52936ssexv10w2.htm EX-10.2 STOCK OPTION AGREEMENT USED FOR DIRECTORS EX-10.2 Stock Option Agreement used for Directors  

Exhibit 10.2

         
  Segue Software, Inc.    
Notice of Grant of Stock Options
  ID: 95 ###-###-####    
and Option Agreement
  201 Spring Street    
  Lexington, MA 02421    
 
        
[Director]
  Option Number:   [                      ]
[Address]
  Plan:   [                      ]
  ID:   [                      ]

Effective [     ], you have been granted a(n) Non-Qualified Stock Option to buy [     ] shares of Segue Software, Inc. (the Company) stock at [$      ] per share.

The total option price of the shares granted is [$     ].

Shares in each period will become fully vested on the date shown.

             
Shares
   Vest Type
   Full Vest
   Expiration
[           ]
  [           ]   [           ]   [           ]

By your signature and the Company’s signature below, you and the Company agree that these options are granted under and governed by the terms and conditions of the Company’s Stock Option Plan as amended and the Option Agreement, all of which are attached and made a part of this document.

     
 
Segue Software, Inc.
  Date
 
[Director]
  Date