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Exhibit 10.1
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NOTICE OF GRANT OF STOCK OPTIONS
AND OPTION AGREEMENT
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Vitesse Semiconductor Corporation
ID: 77-0138960
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[OPTIONEE]
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Option Number:
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[
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[ADDRESS]
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Option
Plan
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2008
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[ADDRESS]
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Employee
ID:
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[
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[ADDRESS]
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You (the “ Optionee
”) have been granted a Stock Option (this “
Option ”) to purchase Common Stock of Vitesse
Semiconductor Corporation (the “ Company ”),
subject to the terms and conditions of the Vitesse Semiconductor
Corporation Amended and Restated 2001 Stock Incentive Plan (the
“ Plan ”) and this Stock Option Agreement as set
forth below.
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Date of Grant:
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[
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Total Shares Granted:
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[
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Exercise Price per Share:
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$[
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Type of Option:
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[
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Expiration Date:
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[Ten years from
the date of the grant]
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This Option shall be exercisable, in
whole or in part, according to the following vesting
schedule:
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Number of Shares
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Vest Date
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[
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[1 year and 1
day from grant date]
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[
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[2 years and 1
day from grant date]
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[
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[3 years and 1
day from grant date]
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[
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[4 years and 1
day from grant date]
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The exercise of the options shall be
conditio
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