Exhibit 10.3
NON-QUALIFIED STOCK OPTION NOTICE
[name]
[address]
This Option
Notice (the “Notice”) dated as of [date] (the
“Grant Date”) is being sent to you by NTL Incorporated
(including any successor company, the “Company”). As
you are presently serving as an employee of NTL Incorporated or one
of its subsidiary corporations, in recognition of your services and
pursuant to the Amended and Restated NTL 2004 Stock Incentive Plan
(the “Plan”) the Company has granted you the Option
provided for in this Notice. The Option is subject to the terms and
conditions set forth in the Plan, which is incorporated herein by
reference, and defined terms used but not defined in this Notice
shall have the meaning set forth in the Plan.
1. Grant of
Option .
The Company hereby irrevocably grants to you, as of the Grant Date,
an option to purchase up to [number] shares of the Company’s
Common Stock at a price of $[exercise price] per share. This Option
is not intended to qualify as an Incentive Stock Option under US
tax laws and it is not intended to qualify as an approved Option
under UK or Irish tax laws.
2. Vesting .
This Option shall vest
[terms of vesting].
3. Exercise
Period .
Generally, this Option may not be exercised unless you are at the
time of exercise an employee of the Company, a subsidiary
corp
