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EPOCRATES, INC. 2008 EQUITY INCENTIVE PLAN

Option Agreement

EPOCRATES, INC.
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EPOCRATES INC

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Title: EPOCRATES, INC. 2008 EQUITY INCENTIVE PLAN
Date: 4/17/2008

EPOCRATES, INC.
2008 EQUITY INCENTIVE PLAN, Parties: epocrates inc
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Exhibit 10.8


EPOCRATES, INC.
2008 EQUITY INCENTIVE PLAN

OPTION GRANT NOTICE

        Epocrates, Inc. (the " Company "), pursuant to its 2008 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 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:   o   Incentive Stock Option(1)   o   Nonstatutory Stock Option

Exercise Schedule:

 

[Initial Grant: 1/4 th  of the shares vest and become exercisable one year after the Vesting Commencement Date; the balance of the shares vest and become exercisable in a series of thirty-six (36) successive equal monthly installments measured from the first anniversary of the Vesting Commencement Date.]

 

 

[Refresher Grant: The shares vest and become exercisable in a series of forty-eight (48) successive equal monthly installments over the four (4)-year period measured from the Vesting Commencement Date.]

Payment:

 

By one or a combination of the following items (described in the Option Agreement):
    ý   By cash or check
    ý   Pursuant to a Regulation T Program if the Shares are publicly traded
    ý   By delivery of already-owned shares if the Shares are publicly traded

(1)
If this is an Incentive Stock Option, it (plus other outstanding Incentive Stock Options) cannot be first exercisable for more than $100,000 in value (measured by exercise price) in any calendar year. Any excess over $100,000 is a Nonstatutory Stock Option.

        Additional Terms/Acknowledgements:     The undersigned Optionholder acknowledges receipt of, and understands and agrees to, this Option Grant Notice, the Option Agreement, and the Plan. Optionholder further acknowledges that as of the Date of Grant, this Option Grant Notice, the 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:    
   

 

 


 
   
   
   
EPOCRATES, INC.   OPTIONHOLDER:

By:

 

 

 

 

 

 
   
 
    Signature   Signature

Title:

 

 

 

Date:

 

 
   
     
Date:            
   
       

Attachments :    Option Agreement, 2008 Equity Incentive Plan, and Notice of Exercise


 

ATTACHMENT I

OPTION AGREEMENT


 


EPOCRATES, INC.
2008 EQUITY INCENTIVE PLAN

OPTION AGREEMENT
(INCENTIVE STOCK OPTION OR NONSTATUTORY STOCK OPTION)

        Pursuant to your Option Grant Notice (" Grant Notice ") and this Option Agreement, Epocrates, Inc. (the " Company ") has granted you an option under its 2008 Equity Incentive Plan (the " Plan ") to purchase the number of shares of the Company's Common Stock indicated in your Grant Notice at the exercise price indicated in your Grant Notice. Defined terms not explicitly defined in this Option Agreement but defined in the Plan shall have the same definitions as in the Plan.

        The details of your option are as follows:

         1.    VESTING.     Subject to the limitations contained herein, your option will vest as provided in your Grant Notice, provided that vesting will cease upon the termination of your Continuous Service.

         2.    NUMBER OF SHARES AND EXERCISE PRICE.     The number of shares of Common Stock subject to your option and your exercise price per share referenced in your Grant Notice may be adjusted from time to time for Capitalization Adjustments.

         3.    EXERCISE RESTRICTION FOR NON-EXEMPT EMPLOYEES.     In the event that you are an Employee eligible for overtime compensation under the Fair Labor Standards Act of 1938, as amended ( i.e. , a " Non-Exempt Employee "), you may not exercise your option until you have completed at least six (6) months of Continuous Service measured from the Date of Grant specified in your Grant Notice, notwithstanding any other provision of your option.

         4.    METHOD OF PAYMENT.     Payment of the exercise price is due in full upon exercise of all or any part of your option. You may elect to make payment of the exercise price in cash or by check or in one or more of the following manners:

  •          (a)    Provided that at the time of exercise the Common Stock is publicly traded and quoted regularly in The Wall Street Journal , pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the issuance of Common Stock, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds.

             (b)    Provided that at the time of exercise the Common Stock is publicly traded and quoted regularly in The Wall Street Journal , by delivery to the Company (either by actual delivery or attestation) of already-owned shares of Common Stock that are owned free and clear of any liens, claims, encumbrances or security interests, and that are valued at Fair Market Value on the date of exercise. "Delivery" for these purposes, in the sole discretion of the Company at the time you exercise your option, shall include delivery to the Company of your attestation of ownership of such shares of Common Stock in a form approved by the Company. Notwithstanding the foregoing, you may not exercise your option by tender to the Company of Common Stock to the extent such tender would violate the provisions of any law, regulation or agreement restricting the redemption of the Company's stock.

         5.    WHOLE SHARES.     You may exercise your option only for whole shares of Common Stock.

         6.    SECURITIES LAW COMPLIANCE.     Notwithstanding anything to the contrary contained herein, you may not exercise your option unless the shares of Common Stock issuable upon such exercise are then registered under the Securities Act or, if such shares of Common Stock are not then so registered, the Company has determined that such exercise and issuance would be exempt from the registration requirements of the Securities Act. The exercise of your option also must comply with other applicable laws and regulations governing your opt


 
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