Exhibit 10.17
Notice of Grant of Stock Options
and Non-Qualified Option Agreement
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«FIRST_NAME»
«MI» «LAST_NAME»
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Plan: 2008
Equity Incentive Plan
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«ADDRESS_1»
«ADDRESS_2»
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«CITY», «STATE»
«ZIP»
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Effective
,
20 , you have been granted a Non-Qualified
Stock Option to buy «OPTIONS» shares of Brink’s
Home Security Holdings, Inc. Common Stock at
$
per share.
This option on shares will become
vested and exercisable in accordance with the following
schedule:
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Shares
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Exercisable (on or
after)
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Expiration
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Additional terms and conditions
applying to this grant are contained on pages two and three of this
Agreement
dated , ,
and Brink’s Home Security Holdings, Inc. 2008 Equity
Incentive Plan.
By your signature and the authorized
Company signature below and on page three of this Award Agreement,
you and the Company agree that this award is granted under and
governed by the terms and conditions of the Brink’s Home
Security Holdings, Inc. 2008 Equity Incentive Plan, as well as this
Award Agreement, all of which are incorporated as a part of this
document.
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Brink’s
Home Security Holdings, Inc.
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Date
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«FIRST_NAME» «MI»
«LAST_NAME»
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Date
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Page 1 (Company Copy)
Non-Qualified Stock Option
Agreement
This AWARD AGREEMENT dated as of
,
is between
Brink’s Home Security Holdings, Inc., a Virginia corporation
(the “Company”), and the employee identified on page
one of this Agreement (the “Employee”), an employee of
the Company or of a subsidiary of the Company.
At a meeting held on the date of
this Agreement, the Compensation and Management Development
Committee (the “Committee”) of the Company’s
Board of Directors, acting pursuant to Brink’s Home Security
Holdings, Inc. 2008 Equity Incentive Plan (the “Plan”),
a copy of which Plan has heretofore been furnished to the Employee
(who hereby acknowledges receipt), as a matter of separate
inducement and agreement in connection with the employment of the
Employee by the Company or any of its subsidiaries, and not in lieu
of any salary or other compensation for the Em
