Exhibit 10.18
FORRESTER RESEARCH, INC.
2006 DIRECTORS STOCK OPTION PLAN
Option Certificate
Stock
option granted by Forrester Research, Inc., a Delaware corporation
(the “Company”), to
, a director of the Company (the “Optionee”), pursuant
to the Company’s 2006 Directors Stock Option Plan (the
“Plan”).
Grant of Option
This
certificate evidences the grant by the Company on
___, 200___(“Grant Date”) to the Optionee
of an option to purchase, in whole or in part, on the terms
provided herein and in the Plan, a total of
shares
of common stock of the Company (the “Shares”) at
$___.___ per Share. The latest date on which this option may
be exercised (the “Final Exercise Date”) is
___, 20___.
The
option evidenced by this certificate is a nonqualified stock
option.
This
option is exercisable in the following installments prior to the
Final Exercise Date:
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Shares on and after
the first anniversary of the Grant Date; |
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Shares on and after
the second anniversary of the Grant Date; |
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Shares on and after
the third anniversary of the Grant Date;
and |
An
additional
Shares on and after the fourth anniversary of the Grant Date.
Notwithstanding the foregoing, this option shall become exercisable
to the extent, if any, provided in and in accordance with the
provisions of Section 7(a) of the Plan (pertaining to
“Covered Transactions”) in the circumstances described
in said Section 7(a).
Exercise of Option
Each
election to exercise this option shall be in writing, signed by the
Optionee or by his/her executor or administrator or by the person
or persons to whom this option is transferred by will or the
applicable laws of descent and distribution (the “Legal
Representative”), and received by the Company at its
principal office, accompanied by payment in full and by such
additional documentation evidencing the right to exercise (or, in
the case of a Legal Representative, of the authority of such
person) as the
