Document ID: 2277

Text:
3.5 Stock Option. As soon as practicable following the Effective Date, CFO will be granted an option to purchase up to 1,191,695 shares of the Companys Common Stock (the Base Option) pursuant to the terms of the Companys 2006 Equity Incentive Plan, as amended from time to time (the Plan). The Base Option shall be subject to vesting such that, subject to CFO s continued employment with the Company, 1/4 of the shares subject to the Base Option shall vest as of the first anniversary of the Effective Date and l/48th of the shares subject to the Base Option shall vest in equal monthly installments on the monthly anniversary of the Effective Date of each month for the 36 months thereafter. The exercise price per share of the Base Option will be equal to the fair market value of a single share of Common Stock on the date the Base Option is granted, as determined in good faith by the Board. The Base Option will be governed by the Plan and shall be granted pursuant to a separate stock option grant notice and stock option agreement.

Named Entities:
15
15
Role
25
29
Shares
77
77
Role
85
87
Ratio
108
110
Ratio

Tokenized Text:
3
.
5
Stock
Option
.
As
soon
as
practicable
following
the
Effective
Date
,
CFO
will
be
granted
an
option
to
purchase
up
to
1
,
191
,
695
shares
of
the
Companys
Common
Stock
(
the
Base
Option
)
pursuant
to
the
terms
of
the
Companys
2006
Equity
Incentive
Plan
,
as
amended
from
time
to
time
(
the
Plan
)
.
The
Base
Option
shall
be
subject
to
vesting
such
that
,
subject
to
CFO
s
continued
employment
with
the
Company
,
1
/
4
of
the
shares
subject
to
the
Base
Option
shall
vest
as
of
the
first
anniversary
of
the
Effective
Date
and
l
/
48th
of
the
shares
subject
to
the
Base
Option
shall
vest
in
equal
monthly
installments
on
the
monthly
anniversary
of
the
Effective
Date
of
each
month
for
the
36
months
thereafter
.
The
exercise
price
per
share
of
the
Base
Option
will
be
equal
to
the
fair
market
value
of
a
single
share
of
Common
Stock
on
the
date
the
Base
Option
is
granted
,
as
determined
in
good
faith
by
the
Board
.
The
Base
Option
will
be
governed
by
the
Plan
and
shall
be
granted
pursuant
to
a
separate
stock
option
grant
notice
and
stock
option
agreement
.