Form of Notice of Grant of Stock Option under 2020 Equity and Incentive Compensation Plan
EX-10.31 6 smci-ex103120200630x10k.htm EXHIBIT 10.31 Exhibit
NOTICE OF GRANT OF STOCK OPTION
Super Micro Computer, Inc.
980 Rock Ave.
San Jose, CA 95131
CITY, STATE COUNTRY
You (“you” or the “Grantee) have been granted Option Rights to purchase shares of Common Stock (the “Option”) of Super Micro Computer, Inc. subject to the terms and conditions in the Super Micro Computer, Inc. 2020 Equity and Incentive Compensation Plan (the “Plan”) and the attached [Nonqualified / Incentive] Stock Option Award Agreement, as follows:
Date of Grant:
Vesting Commencement Date:
Option Exercise Price:
Total Number of Shares of Common Stock Covered by the Option:
Total Option Exercise Price:
Type of Option:
Vesting Schedule: The Option (unless terminated as provided in the [Nonqualified / Incentive] Stock Option Award Agreement) shall be exercisable as follows: (a) one-fourth (1/4th) of the shares of Common Stock covered by the Option on the one-year anniversary of the Vesting Commencement Date set forth above, so long as the Grantee’s Service has not terminated prior to such date and (b) one-twelfth (1/12th) of the remaining shares of Common Stock covered by the Option every three full calendar months thereafter, so long as the Grantee’s Service has not been terminated prior to each such date. The following table sets forth the number of shares of Common Stock covered by the Option that shall become exercisable on each applicable vesting date below in accordance with, and subject to the conditions of, the preceding sentence:
# of Shares of Common Stock Covered by the Option
You understand and agree that the [OPTION_TYPE] is granted subject to and in accordance with the terms of the Plan. You further agree to be bound by the terms of the Plan and the terms of the [Nonqualified / Incentive] Stock Option Award Agreement, which is attached hereto. A copy of the Plan is available in your grant package.
Nothing in this Notice, the attached [Nonqualified / Incentive] Stock Option Award Agreement or in the Plan confer upon you any right with respect to continuance of employment or other service with the Company or any Subsidiary, nor will it interfere in any way with any right the Company or any Subsidiary would otherwise have to terminate your employment or other service at any time.
Definitions. All capitalized terms in this Notice shall have the meaning assigned to them in the Plan, this Notice or in the [Nonqualified / Incentive] Stock Option Award Agreement.
Super Micro Computer, Inc.
Chairman of the Board, President and CEO