STEC, INC. NOTICE OF GRANT OF STOCK OPTION
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 Optionees 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 Optionees 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 Corporations 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 Optionees 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 Corporations online stock administrator. The user id should be your Optionee number (no dashes), and the initial pin (if you havent 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: |
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Name: |
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Title: |
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OPTIONEE | ||
By: |
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Name: |
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Address: |
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ATTACHMENTS
Exhibit A - Stock Option Agreement
Exhibit B - Plan Summary and Prospectus
2
EXHIBIT A
STOCK OPTION AGREEMENT
EXHIBIT B
PLAN SUMMARY AND PROSPECTUS