STEC, INC. NOTICE OF GRANT OF STOCK OPTION

Contract Categories: Business Finance - Stock Agreements
EX-10.14 3 dex1014.htm 2000 STOCK INCENTIVE PLAN FORM OF NOTICE OF GRANT 2000 Stock Incentive Plan form of Notice of Grant

Exhibit 10.14

STEC, INC.

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 STEC, Inc. (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: The Option shall become exercisable for the Option Shares in a series of four (4) successive equal annual installments upon Optionee’s completion of each year of Service over the four (4)-year period measured from the Vesting Commencement Date. In no event shall the Option become exercisable for any additional Option Shares after Optionee’s cessation of Service.

Optionee understands and agrees that the Option is granted subject to and in accordance with the terms of the STEC, Inc. 2000 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.

Additional Information. The additional information concerning the Option will be more fully described in the option documentation available to Optionee on-line. Following is the link


to Wealthviews, the Corporation’s online stock administrator. The user id should be your Optionee number (no dashes), and the initial pin (if you haven’t used the system before) would be the last 6 digits of your social security number. https://www.wealthviews.com/stec/

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:                     , 20        

 

STEC, INC.
By:  

 

Name:  

 

Title:  

 

OPTIONEE
By:  

 

Name:  

 

Address:  

 

 

ATTACHMENTS

Exhibit A - Stock Option Agreement

Exhibit B - Plan Summary and Prospectus

 

2


EXHIBIT A

STOCK OPTION AGREEMENT


EXHIBIT B

PLAN SUMMARY AND PROSPECTUS