Back to top

ALTIRIS, INC. 2002 STOCK PLAN STOCK OPTION AGREEMENT

Stock Option Agreement

ALTIRIS, INC. 2002 STOCK PLAN STOCK OPTION AGREEMENT | Document Parties: ALTIRIS, INC You are currently viewing:
This Stock Option Agreement involves

ALTIRIS, INC

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: ALTIRIS, INC. 2002 STOCK PLAN STOCK OPTION AGREEMENT
Date: 4/10/2007
Industry: Software and Programming     Sector: Technology

ALTIRIS, INC. 2002 STOCK PLAN STOCK OPTION AGREEMENT, Parties: altiris  inc
50 of the Top 250 law firms use our Products every day
 

Exhibit 99.04

ALTIRIS, INC.

2002 STOCK PLAN

STOCK OPTION AGREEMENT

     Unless otherwise defined herein, the terms defined in the 2002 Stock Plan shall have the same defined meanings in this Stock Option Agreement.

I. NOTICE OF STOCK OPTION GRANT

     You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows:

 

 

 

Date of Grant

 

Date

 

 

 

Vesting Commencement Date

 

Date

 

 

 

Exercise Price per Share

 

$

 

 

 

Total Number of Shares Granted

 

xxx

 

 

 

Total Exercise Price

 

$

 

 

 

Type of Option:

 

o Incentive Stock Option

 

 

 

 

 

þ Nonstatutory Stock Option

 

 

 

Term/Expiration Date:

 

 

      Vesting Schedule :

     This Option shall be exercisable, in whole or in part, according to the following vesting schedule:

     [INSERT VESTING SCHEDULE]

Termination Period:
                                        

     This Option may be exercised for three months (3) after Optionee ceases to be a Service Provider. Upon the death or Disability of the Optionee, this Option may be exercised for twelve (12) months after Optionee ceases to be a Service Provider. In no event shall this Option be exercised later than the Term/Expiration Date as provided above.

1


 

II. AGREEMENT

     A.  Grant of Option .

     The Plan Administrator of the Company hereby grants to the Optionee named in the Notice of Grant attached as Part I of this Agreement (the “ Optionee ”) an option (the “ Option ”) to purchase the number of Shares, as set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant (the “ Exercise Price ”), subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 15(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and conditions of the Plan shall prevail.

     If designated in the Notice of Grant as an Incentive Stock Option (“ ISO ”), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonstatutory Stock Option (“ NSO ”).

     B.  Exercise of Option .

          (a) Right to Exercise . This Option is exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Grant and the applicable provisions of the Plan and this Option Agreement.

          (b) Method of Exercise . This Option is exercisable by delivery of an exercise notice, in the form provided by the Company (the “ Exercise Notice ”), which shall state the election to exercise the Option, the number of Shares in respect of which the Option is being exercised (the " Exercised Shares ”), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice shall be completed by the Optionee and delivered to the Corporate Secretary of the Company. The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares. This Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice ac


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more