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Exhibit 10.1
NON-QUALIFIED STOCK OPTION
NOTICE
Dear [name]
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
director of NTL Incorporated, in recognition of your services and
pursuant to the 2003 NTL Incorporated Stock Option 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 (the “Option”). The Option is
not intended to qualify as an Incentive Stock Option under U.S. tax
laws or as an “approved option” under U.K. tax
laws.
2.
Vesting . The Option shall vest with respect to
one third (1/3) of the shares covered thereby on [date] and the
Option shall vest with respect to an additional one third (1/3) of
such share
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