2006 Equity Incentive Plan, amended form of Director Stock Option Agreement



 EXHIBIT 10.15 
 Grant No.                      
 VERISIGN, INC. 
 2006 EQUITY INCENTIVE PLAN 
 DIRECTORS NONQUALIFIED STOCK OPTION GRANT 
 This Stock Option Agreement (this “Agreement”) is made and entered into as of the Date of Grant set forth below (the “Date of Grant”) by and between VeriSign, Inc., a Delaware corporation (the
“Company”), and the Optionee named below (“Optionee”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Company’s 2006 Equity Incentive Plan (the
“Plan”). 
  

			
	 Optionee:
	    	_______________________________________
		
	 Optionee’s Address:
	    	_______________________________________
		
	 Total Option Shares:
	    	_______________________________________
		
	 Exercise Price per Share:
	    	_______________________________________
		
	 Date of Grant:
	    	_______________________________________
		
	 Expiration Date:
	    	_______________________________________
		    	(unless earlier terminated under Section 3 hereof)

 1. Grant of Option. The Company hereby grants to Optionee a nonqualified
stock option (this “Option”) to purchase up to the total number of shares of Common Stock of the Company set forth above as Total Option Shares (collectively, the “Shares”) at the Exercise Price Per
Share set forth above (the “Exercise Price”), subject to all of the terms and conditions of this Agreement and the Plan. 
 2. Vesting; Expiration Date. 
 2.1 Vesting of Shares. This Option shall be exercisable as it vests. Subject to
the terms and conditions of the Plan and this Agreement, this Option shall vest and become exercisable as to portions of the Shares as follows: (a) this Option shall not be exercisable with respect to any of the Shares until the first
anniversary of the Date of Grant set forth above; (b) provided that Optionee has continuously been a member of the Board since the Date of Grant, this Option shall become exercisable as to 25% of the Shares on the first annual anniversary of
the Date of Grant; and (c) provided that Optionee has continuously been a member of the Board since the Date of Grant, this Option shall become exercisable as to an additional 6.25% of the Shares on each quarterly anniversary after the Date of
Grant. This Option shall cease to vest upon Optionee no longer being a member of the Board. 







 VeriSign, Inc. 
 Directors Nonqualified Stock Option Agreement 
 2006 Equity Incentive Plan 
 2.2 Expiration. This Option shall expire on the Expiration Date set forth above and must be exercised, if at all, on or before the earlier of the
Expiration Date or the date on which this Option is earlier terminated in accordance with the provisions of Section 3 hereof. 
 3.
Termination of Option. 
 3.1 Termination for Any Reason Except Death, Disability. If Optionee
ceases to be a member of the Board for any reason except Optionee’s death or Disability then this Option, to the extent (and only to the extent) that it is vested in accordance with the schedule set forth in Section 2.1 hereof on the
termination date, may be exercised by Optionee no later than three (3) months after the termination date, but in any event no later than the Expiration Date. 
 3.2 Termination Because of Death or Disability. If Optionee ceases to be a member of the Board because of death or Disability of Optionee (or the Optionee dies within three
(3) months after ceasing to be a member of the Board), then this Option, to the extent that it is vested in accordance with the schedule set forth in Section 2.1 hereof on the termination date, may be exercised by Optionee (or
Optionee’s legal representative or authorized assignee) no later than twelve (12) months after the termination date, but in any event no later than the Expiration Date. 
 4. Manner of Exercise. 
 4.1 Stock Option Exercise Agreement. To exercise this Option, Optionee (or in the case of exercise after Optionee’s death, Optionee’s executor, administrator, heir or legatee, as the case may be) must deliver
to the Company an executed stock option exercise agreement in the form attached hereto as Exhibit A, or in such other form as may be approved by the Company from time to time (the “Exercise Agreement”), which
shall set forth, inter alia, Optionee’s election to exercise this Option, the number of shares being purchased, any restrictions imposed on the Shares and any representations, warranties and agreements regarding Optionee’s
investment intent and access to information as may be required by the Company to comply with applicable securities laws. If someone other than Optionee exercises this Option, then such person must submit the Exercise Agreement and documentation
reasonably acceptable to the Company that such person has the right to exercise this Option. 
 4.2 Limitations on Exercise.
This Option may not be exercised unless such exercise is in compliance with all applicable federal and state securities laws, as they are in effect on the date of exercise. 
 4.3 Payment. The Exercise Agreement shall be accompanied by full payment of the Exercise Price for the Shares being purchased in cash (by check),
or where permitted by law: 
 (a) by cancellation of indebtedness of the Company to the Optionee; 
  

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 VeriSign, Inc. 
 Directors Nonqualified Stock Option Agreement 
 2006 Equity Incentive Plan 
 (b) by surrender of shares of the Company’s Common Stock that either: (1) have been paid for within the meaning of SEC Rule 144 (and, if
such shares were purchased from the Company by use of a promissory note, such note has been fully paid with respect to such shares); or (2) were obtained by Optionee in the open public market; and in either event are clear of all liens, claims,
encumbrances or security interests; 
 (c) by waiver of compensation due or accrued to Optionee for services rendered to the Company;

 (d) provided that a public market for the Company’s Common Stock exists: (1) through a “same day sale” commitment
from Optionee and a broker-dealer that is a member of the National Association of Securities Dealers (an “NASD Dealer”) whereby Optionee irrevocably elects to exercise this Option and to sell a portion of the Shares so
purchased to pay for the Exercise Price and whereby the NASD Dealer irrevocably commits upon receipt of such Shares to forward the exercise price directly to the Company; or (2) through a “margin” commitment from Optionee and
an NASD Dealer whereby Optionee irrevocably elects to exercise this Option and to pledge the Shares so purchased to the NASD Dealer in a margin account as security for a loan from the NASD Dealer in the amount of the Exercise Price, and whereby the
NASD Dealer irrevocably commits upon receipt of such Shares to forward the Exercise Price directly to the Company; or 
 (e) by any
combination of the foregoing. 
 4.4 Tax Withholding. Prior to the issuance of the Shares upon exercise of this Option, Optionee
must pay or provide for any applicable federal or state withholding obligations of the Company. 
 4.5 Issuance of Shares.
Provided that the Exercise Agreement and payment are in form and substance satisfactory to counsel for the Company, the Company shall issue the Shares registered in the name of Optionee, Optionee’s authorized assignee, or Optionee’s legal
representative, and shall deliver certificates representing the Shares with the appropriate legends affixed thereto. To enforce any restrictions on Optionee’s Shares, the Committee may require Optionee to deposit all certificates, together with
stock powers or other instruments of transfer approved by the Committee appropriately endorsed in blank, with the Company or an agent designated by the Company to hold in escrow until such restrictions have lapsed or terminated, and the Committee
may cause a legend or legends referencing such restrictions to be placed on the certificates. 
 5.
Compliance with Laws and Regulations. The exercise of this Option and the issuance and transfer of Shares shall be subject to compliance by the Company and Optionee with all applicable requirements of federal and state
securities laws and with all applicable requirements of any stock exchange on which the Company’s Common Stock may be listed at the time of such exercise, issuance or transfer. Optionee understands that the Company is under no obligation to
register or qualify the Shares with the SEC, any state securities commission or any stock exchange to effect such compliance. 
  

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 VeriSign, Inc. 
 Directors Nonqualified Stock Option Agreement 
 2006 Equity Incentive Plan 
 6. Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of
the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

 7. Tax Consequences. Set forth below is a brief summary as of the date the Board adopted the Plan of some of the
federal tax consequences of exercise of this Option and disposition of the Shares. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. THE COMPANY RECOMMENDS THAT OPTIONEE CONSULT A TAX ADVISOR BEFORE
EXERCISING THIS OPTION OR DISPOSING OF THE SHARES. 
 7.1 Exercise of Nonqualified Stock Option. There may be a
regular federal income tax liability upon the exercise of this Option. Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value of the Shares on the
date of exercise over the Exercise Price. The Company may be required to withhold from Optionee’s compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at
the time of exercise. 
 7.2 Disposition of Shares. If the Shares are held for more than twelve (12) months after the
date of the transfer of the Shares pursuant to the exercise of an NQSO, any gain realized on disposition of the Shares will be treated as long-term capital gain. The Company may be required to withhold from Optionee’s compensation or collect
from the Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income. 
 8.
Privileges of Stock Ownership. Optionee shall not have any of the rights of a stockholder with respect to any Shares until the Shares are issued to Optionee. 
 9. Interpretation. Any dispute regarding the interpretation of this Agreement shall be submitted by Optionee or the Company to the
Committee for review. The resolution of such a dispute by the Committee shall be final and binding on the Company and Optionee. 
 10.
Entire Agreement. The Plan is incorporated herein by reference. This Agreement and the Plan and the Exercise Agreement constitute the entire agreement and understanding of the parties hereto with respect to the subject matter hereof
and supersede all prior understandings and agreements with respect to such subject matter. 
 11. Notices. Any notice required
to be given or delivered to the Company under the terms of this Agreement shall be in writing and addressed to the Corporate Secretary of the Company at its principal corporate offices. Any notice required to be given or delivered to Optionee shall
be in writing and addressed to Optionee at the address indicated above or to such other address as such party may designate in writing from time to time to the Company. All 

  

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VeriSign, Inc. 
 Directors Nonqualified Stock
Option Agreement 
 2006 Equity Incentive Plan 
 notices shall be deemed to have been given or delivered upon: personal delivery; three (3) days after deposit in the United States mail by certified or registered mail (return receipt requested); one (1) business day after deposit
with any return receipt express courier (prepaid); or one (1) business day after transmission by facsimile. 
 12.
Successors and Assigns. The Company may assign any of its rights under this Agreement. This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on
transfer set forth herein, this Agreement shall be binding upon Optionee and Optionee’s heirs, executors, administrators, legal representatives, successors and assigns. 
 13. Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of California,
without regard to that body of law pertaining to choice of law or conflict of law. 
 14. Acceptance. Optionee hereby
acknowledges receipt of a copy of the Plan and this Agreement. Optionee has read and understands the terms and provisions thereof, and accepts this Option subject to all the terms and conditions of the Plan and this Agreement. Optionee acknowledges
that there may be adverse tax consequences upon exercise of this Option or disposition of the Shares and that the Company has advised Optionee to consult a tax advisor prior to such exercise or disposition. 
 [REMAINDER OF PAGE INTENTIONALLY BLANK, SIGNATURE PAGE FOLLOWS] 
  

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 VeriSign, Inc. 
 Directors Nonqualified Stock Option Agreement 
 2006 Equity Incentive Plan 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed in duplicate by its duly authorized representative and Optionee has
executed this Agreement in duplicate as of the Date of Grant. 
  

							
	 VERISIGN, INC.
	 		 	OPTIONEE
				
	 By:
	 	  
	 		 	  

		 		 		 	(Signature)
			
	  
	 		 	  

	 (Please print name)
	 		 	(Please print name)
			
	  
	 		 	
	 (Please print title)
	 		 	

  

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 EXHIBIT A 
 STOCK OPTION EXERCISE AGREEMENT 
 Stock Option Exercise Agreement for Directors 
 

 
  

					
	Optionee Name	 	Address	 	Social Security Number
		 		 	

 OPTIONS EXERCISED 
  

													
	Plan	 	Grant #	 	Grant Date	 	 Grant Price
 Per Share (1)
	 	 # of Shares
 Exercised (2)
	 	 Total Option
Price (3)
 (1) x (2) = (3)
	 	PAYMENT
METHOD AND
ISSUANCE
INSTRUCTIONS
		 		 		 		 		 		 
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 	 	 	 	 	
		 		 		 	TOTAL	 		 		 	
		 		 		 		 	 	 	 	 	

  

											
	 ̈	 	Cash Exercise	  	 ̈	  	Cashless Exercise
			
	Attached is my check #                      in the amount of $
                     to pay for the exercise of my stock options as listed above. Issue the certificate in my name and send it to:	  	  ̈
	  	 Stock Swap             # of Shares:
                    
             Cash Due (if applicable): $
                    

		 		  	 ̈	  	My home address above, or;	  		  	
		 		  	 ̈	  	E*Trade Account – Account #                     	  		  	

 REPRESENTATIONS 
  

			
	  
	  	I do NOT have access to, nor am I aware of, any inside information regarding VeriSign, Inc. which could or has influenced my decision to purchase and/or sell this stock.
	Initials	  	

 I hereby agree to hold harmless VeriSign, Inc. regarding the reporting of income subject to the transfer/sale of
these shares. I am not relying on VeriSign or E*Trade for any tax advice. The undersigned holder of the stock option(s) described above irrevocably exercises such option(s) as set forth and herewith makes payment therefore, all at the price and on
the terms and conditions specified in the stock option agreement(s) pertaining to the option(s) exercised. 
 IMPORTANT NOTE: FOR CASH EXERCISES 

Send your form and attach your check (Payable to: VeriSign, Inc.) to VeriSign, Inc. Attn: Linda Hart, 487 E. Middlefield Rd; Mountain View, CA 94043. 
  

							
	  
	  	  

	Optionee Signature Date	  	
				
	FOR COMPANY USE ONLY	  	Insider List Verified:	  	  
	  	  

		  	                  Stock Administrator Date