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McAfee, Inc.
Stock Option Agreement
Pursuant to the
terms and conditions of the Company’s NAME OF OPTION
PLAN (the “Plan”), OPTIONEE (the
“Optionee”) has been granted a nonstatutory stock
option to purchase XX,XXX shares (the “Option”)
of stock as outlined below. In general, the latest date this option
will expire is MM/DD/YY (the “Expiration Date”).
However, as provided in the Plan, this option may expire earlier
than the Expiration Date.
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Grant
Date:MM/DD/YY
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Option Price per Share:
US $
XX.XX
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Options
Granted: XX,XXX
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Number of Shares to
vest
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Vesting Date
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XX,XXX
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MM/DD/YY
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25% of the Shares subject to the
Option shall vest on the Vesting Date, and 1/48
th
of the Shares
subject to the Option shall vest each month
thereafter.
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Upon one of
the following events:
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Your stock option will expire
after:
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Termination of
Service (except as shown below)
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90 Days
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Termination of
Service due to Retirement
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90 Days
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Termination of
Service due to Disability
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12 months
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Termination of
Service due to Death
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12 months
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Should the
Optionee cease service with the Company for any reason prior to
vesting in one or more Shares subject to this Option, then the
Option will be immediately cancelled with respect to those unvested
Shares, and the Optionee shall thereupon cease to have any right or
entitlement to receive any such cancelled portion of the Option. By
your signature and the signature of the Company’s
representative below, you and the Company agree that this Option is
granted under and governed by the terms and conditions of the Plan
and this Option Agreement. Optionee has reviewed the Plan and this
Option Agreement in their entirety, has had an opportunity to
obtain the advice of counsel prior to executing this Option
Agreement and fully understands all provisions of the Plan and
Option Agreement. Optionee hereby agrees to accept as binding,
conclusive and final all decisions or interpretations of the
Administrator upon any questions relating to the Plan and Option
Agreement.
McAfee, Inc.
Stock Option Agreement
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1.
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Grant of Option
. The Plan Administrator
of the Company hereby grants to the Optionee named in the Stock
Option Notification (the “Notice”) 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, at the option price per share set forth
in the Notice (the “Option Price”), subject to the
terms and conditions of the Plan, which is incorporated herein by
reference. In the event of a conflict between the terms and
conditions of the Plan and the terms and conditions of the Notice,
the terms and conditions of the Plan shall prevail.
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2.
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Exercise of Option
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(a)
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Right to Exercise
. This Option is
exercisable during its term in accordance with the Vesting Schedule
set out in the Notice and the applicable
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