Exhibit
10.2
GUARDIAN TECHNOLOGIES
INTERNATIONAL, INC.
2009 STOCK
COMPENSATION PLAN
NON-QUALIFIED STOCK
OPTION AWARD
CERTIFICATE
This is to certify that
Guardian Technologies International, Inc., a Delaware corporation
(the “Company”), has granted to the person named below
(the “Participant”) a non-qualified stock option to
purchase Shares pursuant to the Company’s 2009 Stock
Compensation Plan, as amended Plan (the “Plan”), upon
the terms and conditions set forth below and in the attached
Non-Qualified Stock Option Award Agreement:
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Name of
Participant:
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_________________________________
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Address of
Participant:
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_________________________________
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_________________________________
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Number of Shares Covered by
Option:
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_________________________________
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Option Exercise Price (FMV Grant
Date):
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$________
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Grant Date:
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______________, 20__
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Comments (if any):
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Option Exercise
Schedule:
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The Option shall vest and become
exercisable in accordance with the following schedule:
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Number of Years From Grant
Date
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Percentage of Option
Exercisable
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Per Time
Period
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Cumulative
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___
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___%
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___%
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___
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___%
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___%
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IN WITNESS
WHEREOF, the
Company has granted Participant the Options as of the Grant Date
set forth hereinabove.
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GUARDIAN TECHNOLGIES
INTERNATIONAL, INC.
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By:
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___________________________________________
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Its:
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___________________________________________
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GUARDIAN
TECHNOLOGIES INTERNATIONAL, INC.
2009 STOCK
COMPENSATION PLAN
NON-QUALIFIED STOCK
OPTION AWARD AGREEMENT
THIS NON-QUALIFIED
STOCK OPTION AWARD AGREEMENT is made and entered into effective
as of the Grant Date set forth in the Non-Qualified Stock Option
Award Certificate attached hereto (the “Certificate”)
(this Non-Qualified Stock Option Award Agreement and the
Certificate, hereinafter the “Agreement”), by and
between Guardian Technologies International, Inc., a Delaware
corporation (the “Company”), and the Participant named
in the Certificate. The Award covered by this Agreement has been
granted pursuant to and shall in all respects be subject to the
terms and conditions of the Guardian Technologies International,
Inc. 2009 Stock Compensation Plan, as such plan may be amended (the
“Plan”).
Except as set forth
herein or in the Certificate, capitalized terms as used herein and
in the attached Certificate shall have the same meaning as set
forth in the Plan.
WITNESSETH:
WHEREAS
, the Committee of the
Board has authorized the issuance to Participant of an Award of
Options pursuant to the Plan as compensation for services performed
or to be performed by the Participant subject to certain
restrictions thereon.
NOW,
THEREFORE ,
in consideration of the premises, mutual agreements herein set
forth and other good and valuable consideration, receipt of which
is hereby acknowledged, the parties hereto agree as
follows:
1.
Grant of
Options .
The Company hereby grants to the Participant an Option to
purchase the number of Shares set forth in the Certificate as of
the Grant Date pursuant to and subject to all of the terms and
conditions of this Agreement and the Plan, the provisions of which
are incorporated herein. If there is any conflict between the
provisions of this Agreement and the Plan, the Plan will control.
This Option is intended to be a non-qualified stock option that
does not receive special tax treatment under Section 422 of the
Code.
2.
Option Price Per
Share .
The exercise price of the Option shall be the Option Exercise
Price set forth in the attached Certificate.
NOTICE : THE EXERCISE PRICE PER SHARE IS NOT LESS
THAN THE FAIR MARKET VALUE OF THE STOCK ON THE DATE OF
GRANT. THE PARTICIPANT IS SOLELY RESPONSIBLE FOR SATISFYING ALL TAX
OBLIGATIONS CREATED BY THE GRANT OF THIS OPTION, THE EXERCISE OF
THE OPTION, AND THE SUBSEQUENT DISPOSITION OF THE OPTION
SHARES.
3.
Vesting
. The Participant
shall vest in and have the right to exercise the Option with
respect to the number of Shares covered by the Option in accordance
with the vesting schedule set forth in the Certificate; provided
that, if Participant ceases to be an Employee of the Company by
reason of his or her death or Disability, or if a Participant dies
within three (3) months of the termination of his or her
employment, any unvested Options
shall vest on the date
immediately preceding the date of such death or
Disability.
4.
Term of
Options. The term of the Option
commences on the Grant Date and (to the extent not earlier
exercised) e