Tuesday Morning Corporation Incentive Stock Option Grant and Agreement
Tuesday Morning Corporation has granted an employee an Incentive Stock Option to purchase a specified number of company shares at a set price per share. The agreement outlines the vesting schedule, expiration date, and states that the options are governed by the company's Stock Option Plan and the attached Option Agreement. Both the employee and the company must sign to accept the terms. This document details the key terms of the stock option grant, including vesting and exercise conditions.
Exhibit 10.1
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| Tuesday Morning Corporation |
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| Notice of Grant of Stock Options |
| ID: 75 ###-###-#### |
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| and Option Agreement |
| 6250 LBJ Freeway |
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| Dallas, Texas 75240 |
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| Employee |
| Option Number: | 000000XX |
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| 1234 Elm Street |
| Plan: | XXXX |
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| Any Town, ST 12345 |
| ID: | xxx |
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Effective xx/xx/xxxx, you have been granted a(n) Incentive Stock Option to buy xx,xxx.xxxx shares of Tuesday Morning Corporation (the Company) stock at $xx.xx0000 per share.
The total option price of the shares granted is $xxx,xxx.xx
Shares in each period will become fully vested on the date shown.
| Shares |
| Vest Type |
| Full Vest |
| Expiration |
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| xx,xxx.xxxx |
| xxxxxxx |
| x/xx/xxxx |
| x/xx/xxxx |
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By your signature and the Company’s signature below, you and the Company agree that these options are granted under and governed by the terms and conditions of the Company’s Stock Option Plan as amended and the Option Agreement, all of which are attached and made a part of this document.
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| Tuesday Morning Corporation | Date |
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| Employee | Date |
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