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Exhibit
10.7
IDENTIPHI,
INC.
NOTICE OF GRANT OF STOCK
OPTION AWARD
________________________ (the
“ Participant ” ) has been
granted an option award (the “ Award
” ) pursuant to the IdentiPHI, Inc. 2007 Equity
Incentive Plan (the “ Plan
” ) to purchase certain shares of Common Stock (the
“ Shares ” ) of IdentiPHI,
Inc. as follows:
|
|
|
| Grant
Number: |
|
_____________________ |
|
|
| Date of
Grant: |
|
_____________________ |
|
|
| Total Number of Shares: |
|
_____________________ |
|
|
| Initial
Vesting Date: |
|
_____________________ |
|
|
| Vested
Shares: |
|
|
Except as provided in the
Stock Option Agreement, the number of Vested Shares (disregarding
any resulting fractional share) as of any date is determined by
multiplying the Total Number of Shares by the “
Vested Ratio ” determined as of such
date as follows:
|
|
|
|
| |
|
Vested Ratio |
|
| Prior to
Initial Vesting Date |
|
0 |
% |
|
|
| On Initial
Vesting Date, provided the Participant’s status as a Service
Provider has not terminated prior to such date |
|
25 |
% |
|
|
| On the last
day of every third month after the Initial Vesting Date,
pr |
|
