Document ID: 15208

Text:
(i) a one-time award of the right and option (the Option) to purchase all or any part of an aggregate number of shares of the common stock of the Company (the Common Stock) equal to 0.45% of the shares of Common Stock outstanding on the applicable date of grant, at an exercise price per share of Common Stock equal to the fair market value of a share of Common Stock on the applicable date of grant. The Option shall vest in three substantially equal annual installments on the third, fourth and fifth anniversary of the applicable date of grant; provided that Employee has remained continuously employed by the Company between the date of grant and each such anniversary date, as applicable. Notwithstanding the foregoing, on or following the date of a Change in Control, the outstanding unvested portion of the Option (or, if applicable, any award(s) granted in substitution for the Option by an acquiror or successor to the Company in connection with a Change in Control) shall vest in full upon the earlier to occur of (i) the termination of Employees employment during the Protection Period (as defined below) by the Company without Cause pursuant to Section 5(b) or by Employee for Good Reason pursuant to Section 5(c) or (ii) the first anniversary of such Change in Control. The Option shall cease to be exercisable on the tenth anniversary of the applicable date of grant (the Expiration Date). For purposes of this Agreement, Protection Period is the period of time during the Employment Period beginning on the date of a Change in Control and ending on the first anniversary of the date of such Change in Control.

Named Entities:
41
44
Percentage
99
104
TerminationDate
211
212
RenewalTerm
248
249
TerminationDate
265
266
TerminationDate

Tokenized Text:
(
i
)
a
one-time
award
of
the
right
and
option
(
the
Option
)
to
purchase
all
or
any
part
of
an
aggregate
number
of
shares
of
the
common
stock
of
the
Company
(
the
Common
Stock
)
equal
to
0
.
45
%
of
the
shares
of
Common
Stock
outstanding
on
the
applicable
date
of
grant
,
at
an
exercise
price
per
share
of
Common
Stock
equal
to
the
fair
market
value
of
a
share
of
Common
Stock
on
the
applicable
date
of
grant
.
The
Option
shall
vest
in
three
substantially
equal
annual
installments
on
the
third
,
fourth
and
fifth
anniversary
of
the
applicable
date
of
grant
;
provided
that
Employee
has
remained
continuously
employed
by
the
Company
between
the
date
of
grant
and
each
such
anniversary
date
,
as
applicable
.
Notwithstanding
the
foregoing
,
on
or
following
the
date
of
a
Change
in
Control
,
the
outstanding
unvested
portion
of
the
Option
(
or
,
if
applicable
,
any
award
(
s
)
granted
in
substitution
for
the
Option
by
an
acquiror
or
successor
to
the
Company
in
connection
with
a
Change
in
Control
)
shall
vest
in
full
upon
the
earlier
to
occur
of
(
i
)
the
termination
of
Employees
employment
during
the
Protection
Period
(
as
defined
below
)
by
the
Company
without
Cause
pursuant
to
Section
5
(
b
)
or
by
Employee
for
Good
Reason
pursuant
to
Section
5
(
c
)
or
(
ii
)
the
first
anniversary
of
such
Change
in
Control
.
The
Option
shall
cease
to
be
exercisable
on
the
tenth
anniversary
of
the
applicable
date
of
grant
(
the
Expiration
Date
)
.
For
purposes
of
this
Agreement
,
Protection
Period
is
the
period
of
time
during
the
Employment
Period
beginning
on
the
date
of
a
Change
in
Control
and
ending
on
the
first
anniversary
of
the
date
of
such
Change
in
Control
.