OPTIONEE AGREEMENTS BETWEEN CO. & DONALD HUBBARD

EX-10.30 2 w43683ex10-30.txt OPTIONEE AGREEMENTS BETWEEN CO. & DONALD HUBBARD 1 EXHIBIT 10.30 [TCS LOGO] November 8, 2000 Donald C. Hubbard, Jr. 607 Admiral Drive #101 Annapolis, MD 21401 Dear Donald: Pursuant to the terms and conditions of the TeleCommunication Systems, Inc. Amended & Restated 1997 Stock Incentive Plan (the "Plan"), you have been granted a Non-Qualified Stock Option to purchase 227,335 shares (each an "Option", collectively, the "Options") of the Class A common stock, par value $0.01 per share (the "Common Stock") of TeleCommunication Systems, Inc., (the "Company") as outlined below. This Certificate constitutes part of and is subject to the terms and provisions of the attached Stock Option Agreement (the "Agreement") which is incorporated by reference herein. Granted To: Donald C. Hubbard, Jr. (the "Employee" for Incentive Stock Options, or the "Optionee" for Non-Qualified Stock Options) SSN ###-##-#### Grant Date: August 28, 2000 Options Granted: 227,335 Non-Qualified Exercise Price per Share: $22.06 Total Cost to Exercise: $5,015,010.10 Expiration Date: The close of business on the business day immediately preceding: August 28, 2010 Vesting Schedule: Special Vesting 57,967 on 08/28/2001 57,967 on 08/28/2002 45,467 on 08/28/2003 45,467 on 08/28/2004 20,467 on 08/28/2005 By my signature below, I hereby acknowledge receipt of this Option granted on the Grant Date shown above, which has been issued to me under the terms and conditions of the Agreement and the Plan. I understand that I must be an employee of TCS on the date I exercise vested options, unless otherwise provided in the Agreement or the Plan, and that I will forfeit all unexercised options, both vested and unvested, at the close of business on my last day of employment at TCS. I further acknowledge receipt of the Plan Prospectus and the latest annual report or other SEC filing, and agree to be bound by all of the terms and conditions of the Option, as evidenced in the Agreement, and the Plan. Signature: /s/ DONALD C. HUBBARD, JR. Date: 8 NOV 2000 -------------------------------------- ------------------ Donald C. Hubbard, Jr. Note: If there are any discrepancies in the name or address shown above, please make the appropriate corrections on this form. 2 EXHIBIT 10.30 [TCS LOGO] STOCK OPTION CERTIFICATE November 8, 2000 Donald C. Hubbard, Jr. 607 Admiral Drive #101 Annapolis, MD 21401 Dear Donald: Pursuant to the terms and conditions of the TeleCommunication Systems, Inc. Amended & Restated 1997 Stock Incentive Plan (the "Plan"), you have been granted an Incentive Stock Option to purchase 22,665 shares (each an "Option", collectively, the "Options") of the Class A common stock, par value $0.01 per share (the "Common Stock") of TeleCommunication Systems, Inc., (the "Company") as outlined below. This Certificate constitutes part of and is subject to the terms and provisions of the attached Stock Option Agreement (the "Agreement") which is incorporated by reference herein. Granted To: Donald C. Hubbard, Jr. (the "Employee" for Incentive Stock Options, or the "Optionee" for Non-Qualified Stock Options) SSN ###-##-#### Grant Date: August 28, 2000 Options Granted: 22,665 Incentive Exercise Price per Share: $22.06 Total Cost to Exercise: $499,989.90 Expiration Date: The close of business on the business day immediately preceding: August 28, 2010 Vesting Schedule: Special Vesting 4,533 on 08/28/2001 4,533 on 08/28/2002 4,533 on 08/28/2003 4,533 on 08/28/2004 4,533 on 08/28/2005 By my signature below, I hereby acknowledge receipt of this Option granted on the Grant Date shown above, which has been issued to me under the terms and conditions of the Agreement and the Plan. I understand that I must be an employee of TCS on the date I exercise vested options, unless otherwise provided in the Agreement or the Plan, and that I will forfeit all unexercised options, both vested and unvested, at the close of business on my last day of employment at TCS. I further acknowledge receipt of the Plan Prospectus and the latest annual report or other SEC filing, and agree to be bound by all of the terms and conditions of the Option, as evidenced in the Agreement, and the Plan. Signature: /s/ DONALD C. HUBBARD, JR. Date: 8 NOV 2000 -------------------------------------- ------------------ Donald C. Hubbard, Jr. Note: If there are any discrepancies in the name or address shown above, please make the appropriate corrections on this form.