Uni-Pixel, Inc. Stock Option Grant Letter to Employee under 2010 Stock Incentive Plan
Uni-Pixel, Inc. offers an employee stock options under its 2010 Stock Incentive Plan. The options vest in four equal parts: 25% immediately, and 25% on each of the first, second, and third anniversaries of the grant date. The employee has up to 10 years from the grant date to exercise the options. If employment ends, the employee has a limited period to exercise any vested but unexercised options. The agreement is effective as of the employee's start date and is signed by both the CEO and the employee.
Exhibit 10.2
Uni-Pixel, Inc.
8708 Technology Forest Pl., Suite 100
The Woodlands, TX 77381
, 2010
Mr./Mrs.
Re: Stock Option Letter
Uni-Pixel, Inc. is proud to offer you the following stock options as follows from our 2010 Stock Incentive Plan:
| Stock Options | incentive stock options of Uni-Pixel, Inc. at $ per share which shall vest 25% immediately on , 25% on the one year anniversary of the date of grant, 25% on the two year anniversary of the date of grant, and 25% on the three year anniversary of the date of grant. The term of the Employment Option will be 10 years from the date of grant. Upon termination or resignation of your employment, your will have months to exercise your vested but unexercised options. |
| Effective (“Start”) Date |
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Sincerely,
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| Reed Killion, CEO |
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Agreed and accepted as of this day of
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