Exhibit 10.2

SANDISK CORPORATION

NOTICE OF GRANT OF STOCK OPTION

     Notice is hereby given of the following option grant (the “Option”) to
purchase shares of the Common Stock of SanDisk Corporation (the “Corporation”):

         

  Optionee:      

   

--------------------------------------------------------------------------------

         

  Grant Date:    

   

--------------------------------------------------------------------------------

         

  Vesting Commencement Date:    

   

--------------------------------------------------------------------------------

         

  Exercise Price: $       per share

   

--------------------------------------------------------------------------------

   

           

         

  Number of Option Shares:       shares

     

--------------------------------------------------------------------------------

   

         

  Expiration Date:    

   

--------------------------------------------------------------------------------

 

  Type of Option:                                Incentive Stock Option
 
           

                                  Non-Statutory Stock Option    

     Exercise Schedule: To be determined by the Plan Administrator.

     Optionee understands and agrees that the Option is granted subject to and
in accordance with the terms of the SanDisk Corporation 2005 Stock Incentive
Plan (the “Plan”). Optionee further agrees to be bound by the terms of the Plan
and the terms of the Option as set forth in the Stock Option Agreement attached
hereto as Exhibit A. Optionee hereby acknowledges the receipt of a copy of the
official prospectus for the Plan in the form attached hereto as Exhibit B. A
copy of the Plan is available upon request made to the Corporate Secretary at
the Corporation’s principal offices.

     Employment at Will. Nothing in this Notice or in the attached Stock Option
Agreement or in the Plan shall confer upon Optionee any right to continue in
Service for any period of specific duration or interfere with or otherwise
restrict in any way the rights of the

 

--------------------------------------------------------------------------------

 

     Corporation (or any Parent or Subsidiary employing or retaining Optionee)
or of Optionee, which rights are hereby expressly reserved by each, to terminate
Optionee’s Service at any time for any reason, with or without cause.

     Definitions. All capitalized terms in this Notice shall have the meaning
assigned to them in this Notice or in the attached Stock Option Agreement.

DATED:                                                            

              SANDISK CORPORATION
 
       

  By:    

       
 
       

  Title:    

       
 
       
 
       

       

      , OPTIONEE

  Address:    

         
 
       

       

ATTACHMENTS
Exhibit A — Stock Option Agreement *
Exhibit B — Plan Summary and Prospectus *

--------------------------------------------------------------------------------

     * The Form of Stock Option Agreement is available on the Company’s intranet
website at http://sprocket/IR/ and is labeled “Stock Option Agreement Form 1”. A
copy of the Plan Summary and Prospectus is also available on the Company’s
intranet website at http://sprocket/IR/. You may also request a copy of the Form
of Stock Option Agreement and the Plan Summary and Prospectus by contacting
Stock Administration.

 

--------------------------------------------------------------------------------

 

EXHIBIT A

STOCK OPTION AGREEMENT

 

--------------------------------------------------------------------------------

 

EXHIBIT B

PLAN SUMMARY AND PROSPECTUS