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Option Agreement > MAD CATZ INTERACTIVE, INC. STOCK OPTION PLAN - 2007 STOCK OPTION AGREEMENT THIS AGREEMENT is made effective as of the day of , 20
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Exhibit
99.2
MAD CATZ INTERACTIVE,
INC.
STOCK OPTION PLAN -
2007
STOCK OPTION
AGREEMENT
THIS AGREEMENT is made
effective as of the
day of
, 20
.
BETWEEN:
MAD CATZ INTERACTIVE,
INC.
a corporation existing under
the laws of Canada,
(the
“Corporation”)
- and -
•
(the
“Optionee”)
THIS AGREEMENT
WITNESSES that in consideration of the covenants and agreements
herein set forth and for other good and valuable consideration, the
parties hereto hereby agree as follows:
| 1. |
The Optionee is hereby entitled to participate in the
Corporation’s Stock Option Plan - 2007 (the
“Plan”) (a copy of which is attached), subject to the
terms and conditions of the Plan and of this Agreement, and subject
to return to the Corporation by the Optionee of a fully executed
copy of this Agreement within 30 days of the effective date
hereof. |
| 2. |
The terms and conditions of the Plan are hereby deemed to be
incorporated herein. All capitalized terms, other than as defined
herein, shall have the respective meanings as set out in the
Plan. |
| 3. |
The Corporation hereby grants to the Optionee an Option to
purchase Shares of the Corporation at a price of $ per Share (the
“Option”). |
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4.
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The Option shall extend for a
period ending at the close of business on •, 2
[ insert expiry date which can be no later than the 10
th
anniversary of the date of
grant ]
subject to earlier termination as hereinafter
provided.
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| 5. |
The Option shall vest and be exercisable by the Optionee in the
following manner: [ insert vesting terms. If the option fully
vests immediately, then replace the sentence with “ The
Option shall be exercisable at an |
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