ACME Resources LLC, a TX LLC (the “Company”), under and subject to its (the “Plan”), grants to the optionee named below (the “Optionee”) an option to purchase the number of shares of the Company’s common stock set forth below (the “Option”), on the terms in this Grant Notice, the Plan, and the related Stock Option Agreement.
| Optionee | |
|---|---|
| Optionee Address | |
| Grant Date | |
| Number of Shares | |
| Exercise Price per Share | |
| Total Exercise Price | |
| Type of Option | (Incentive Stock Option or Nonqualified Stock Option) |
| Vesting Commencement Date | |
| Vesting Schedule | |
| Expiration Date |
The Option vests and becomes exercisable according to the Vesting Schedule above, measured from the Vesting Commencement Date, in each case only if the Optionee remains in continuous service to the Company through the applicable vesting date. Any portion of the Option that is unvested when the Optionee’s service terminates is forfeited.
Unless terminated earlier under the Plan or the Stock Option Agreement, the Option expires at 5:00 p.m. on the Expiration Date, which is no later than ten (10) years after the Grant Date. The vested portion of the Option will generally remain exercisable for a limited period after the Optionee’s service ends, as described in the Stock Option Agreement.
This Grant Notice is subject in all respects to the terms of the Plan and the Stock Option Agreement, which are incorporated by reference. In the event of any conflict, the Plan controls. Capitalized terms not defined here have the meanings given in the Plan. The Optionee acknowledges receiving and reviewing copies of the Plan and the Stock Option Agreement.
The Optionee understands that the tax treatment of the Option depends on its type and on the timing of exercise and sale, and that the Company has made no representations regarding tax consequences. The Optionee is advised to consult a personal tax advisor.
By signing below, the Optionee accepts the Option subject to all the terms of this Grant Notice, the Plan, and the Stock Option Agreement.
Name: Michael Yuan
Title: General Manager
Date:
Name: ______________________
Date: ______________________