Vitria Technology, Inc. Stock Option Grant Notice under 1999 Equity Incentive Plan

Summary

This agreement is between Vitria Technology, Inc. and an individual optionholder. It grants the optionholder the right to purchase a specified number of shares of Vitria's common stock at a set price, according to the company's 1999 Equity Incentive Plan. The shares vest over a defined schedule, and the optionholder can exercise the option as shares vest. The agreement outlines payment methods and confirms that it, along with related documents, represents the full understanding between the parties regarding this stock option grant.

EX-10.34 4 f02500exv10w34.txt EXHIBIT 10.34 EXHIBIT 10.34 VITRIA TECHNOLOGY, INC. STOCK OPTION GRANT NOTICE 1999 EQUITY INCENTIVE PLAN Vitria Technology, Inc. (the "Company"), pursuant to its 1999 Equity Incentive Plan (the "Plan"), hereby grants to Optionholder an option to purchase the number of shares of the Company's Common Stock set forth below. This option is subject to all of the terms and conditions as set forth herein and in the Stock Option Agreement, the Plan and the Notice of Exercise, all of which are attached hereto and incorporated herein in their entirety. Optionholder: _______________________________________ Date of Grant: _______________________________________ Vesting Commencement Date: _______________________________________ Number of Shares Subject to Option: _______________________________________ Exercise Price (Per Share): _______________________________________ Total Exercise Price: _______________________________________ Expiration Date: _______________________________________ TYPE OF GRANT: [ ] Incentive Stock Option (1)[ ] Nonstatutory Stock Option EXERCISE SCHEDULE: Exercisable as the Shares Vest VESTING SCHEDULE: [ ] 1/4th of the shares vest one year after the Vesting Commencement Date. 1/48th of the shares vest monthly thereafter over the next three years. [ ] 1/36th of the shares vest monthly over the next three years. PAYMENT: By one or a combination of the following items (described in the Stock Option Agreement): By cash or check Pursuant to a Regulation T Program if the Shares are publicly traded ADDITIONAL TERMS/ACKNOWLEDGEMENTS: The undersigned Optionholder acknowledges receipt of, and understands and agrees to, this Grant Notice, the Stock Option Agreement and the Plan. Optionholder further acknowledges that as of the Date of Grant, this Grant Notice, the Stock Option Agreement and the Plan set forth the entire understanding between Optionholder and the Company regarding the acquisition of stock in the Company and supersede all prior oral and written agreements on that subject with the exception of (i) options previously granted and delivered to Optionholder under the Plan, and (ii) the following agreements only: OTHER AGREEMENTS: _______________________________________ _______________________________________ VITRIA TECHNOLOGY, INC. OPTIONHOLDER: By: __________________________________ _______________________________________ Signature Title: _______________________________ Date: __________________________________ Date: ________________________________ ATTACHMENTS: Stock Option Agreement ________________________ (1) If this is an incentive stock option, it (plus your other outstanding incentive stock options) cannot be first exercisable for more than $100,000 in any calendar year. Any excess over $100,000 is a nonstatutory stock option.