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2008 LONG-TERM INCENTIVE PLAN

Executive Compensation Plan Agreement

2008 LONG-TERM INCENTIVE PLAN | Document Parties: DRIFTWOOD VENTURES, INC. | ZOO GAMES, INC You are currently viewing:
This Executive Compensation Plan Agreement involves

DRIFTWOOD VENTURES, INC. | ZOO GAMES, INC

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Title: 2008 LONG-TERM INCENTIVE PLAN
Date: 9/18/2008

2008 LONG-TERM INCENTIVE PLAN, Parties: driftwood ventures  inc. , zoo games  inc
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ZOO GAMES, INC.

 

2008 LONG-TERM INCENTIVE PLAN

 

NON-QUALIFIED STOCK OPTION AWARD

AGREEMENT

 

FOR

NAME

 

GRANT DATE:

 

 

 

 


 

 

ZOO GAMES, INC.

2008 LONG-TERM INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION AWARD AGREEMENT

 

1.   A NON-QUALIFIED STOCK OPTION to acquire _______ shares (hereinafter referred to as “Shares”) of Common Stock of Zoo Games, Inc. (hereinafter referred to as the “Company”) is hereby granted to NAME (hereinafter referred to as the “Optionee”), subject in all respects to the terms and conditions of the Zoo Games, Inc. 2008 Long-Term Incentive Plan (hereinafter referred to as the “Plan”) and such other terms and conditions as are set forth herein. All capitalized terms used in the Agreement, and not otherwise defined herein, shall have the meanings ascribed to them in the Plan.

 

2.   Exercise Price . The Option price as determined by the Committee is _____________ ($______) per Share. The Option price may be paid in any manner set forth in Section 7 of the Plan.

 

3.   Vesting .

 

a.      The Option shall [be fully vested and immediately excercisable in full] [become exercisable over a _____-year period as follows:]

 

Vesting Date

 

Shares Exercisable

 

 

 

 

 

 

 

 

b.

In the event the Optionee’s Continuous Service is terminated for any reason, the Optionee’s right to continued vesting ends upon such termination. If such termination is caused by death or by the Optionee’s Disability, the Optionee or the Optionee’s beneficiary shall have the right to exercise this Option for a period of twelve months after the date of termination. If such termination is for any other reason, other than Cause, the Optionee’s right to exercise this Opt


 
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