Form of Restricted Stock Units Agreement under 2020 Equity and Incentive Compensation Plan

Contract Categories: Human Resources - Bonus & Incentive Agreements
EX-10.31 5 smci-ex1031_20210630x10k.htm EX-10.31 Document

EXHIBIT 10.31
NOTICE OF GRANT OF STOCK OPTION
Super Micro Computer, Inc.
ID: 77-0353939
980 Rock Ave.
San Jose, CA 95131
(408) 503-8000
NAME
ADDRESS
CITY, STATE COUNTRY
ZIPCODE 
Grant Number:
Plan:
ID:

2020
 
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:
Expiration Date:

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 OptionVesting Date
SHARES_PERIOD1VEST_DATE_PERIOD1
SHARES_PERIOD2VEST_DATE_PERIOD2
SHARES_PERIOD3VEST_DATE_PERIOD3
SHARES_PERIOD4VEST_DATE_PERIOD4
SHARES_PERIOD5VEST_DATE_PERIOD5
SHARES_PERIOD6VEST_DATE_PERIOD6
SHARES_PERIOD7VEST_DATE_PERIOD7
SHARES_PERIOD8VEST_DATE_PERIOD8
SHARES_PERIOD9VEST_DATE_PERIOD9
SHARES_PERIOD10VEST_DATE_PERIOD10
SHARES_PERIOD11VEST_DATE_PERIOD11
SHARES_PERIOD12VEST_DATE_PERIOD12
SHARES_PERIOD13VEST_DATE_PERIOD13

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.
NAI-1513634456v3

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.
 


Charles Liang
Chairman of the Board, President and CEO
NAI-1513634456v3