Exhibit 10.8


 


FAVRILLE, INC.

STOCK OPTION GRANT NOTICE

(2001 EQUITY INCENTIVE PLAN)


 


FAVRILLE,
INC. (the “Company”), pursuant to its 2001
Equity Incentive Plan (the “Plan”), hereby grants to Optionholder an option to
purchase the number of shares of the Company’s Common Stock set forth
below.  This option is subject to all of
the terms and conditions as set forth herein and in the Stock Option Agreement,
the Plan and the Notice of Exercise, all of which are incorporated herein in
their entirety.


 


	
  Optionholder:

  	
   

  	
   

  
	
  Date
  of Grant:

  	
   

  	
   

  
	
  Vesting
  Commencement Date:

  	
   

  	
   

  
	
  Number
  of Shares Subject to Option:

  	
   

  	
   

  
	
  Exercise
  Price (Per Share):

  	
   

  	
   

  
	
  Total
  Exercise Price:

  	
   

  	
   

  
	
  Expiration
  Date:

  	
   

  	
   

  



 


	
  Type of Grant:

  	
   

  	
  o Incentive Stock Option(1)

  	
   

  	
  o Nonstatutory Stock Option

  
	
   

  	
   

  	
   

  
	
  Exercise Schedule:

  	
   

  	
  Same
  as Vesting Schedule

  
	
   

  	
   

  	
   

  
	
  Vesting Schedule:

  	
   

  	
  1/4th
  of the shares vest one year after the Vesting Commencement Date.

  
	
   

  	
   

  	
  1/48th
  of the shares vest monthly thereafter over the next three years.

  
	
   

  	
   

  	
   

  
	
  Payment:

  	
   

  	
  By
  one or a combination of the following items (described in the Stock Option
  Agreement):

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  o

  	
  By
  cash or check

  
	
   

  	
   

  	
  o

  	
  Pursuant
  to a Regulation T Program if the Shares are publicly traded

  
	
   

  	
   

  	
  o

  	
  By
  delivery of already-owned shares if the Shares are publicly traded

  
	
   

  	
   

  	
  o

  	
  Net
  exercise if the Company has adopted FAS 123, as revised, at the time of such
  exercise

  
						



 


Additional
Terms/Acknowledgements:  The undersigned Optionholder acknowledges
receipt of, and understands and agrees to, this Stock Option Grant Notice and
the attached Stock Option Agreement.  Additionally, the undersigned
Optionholder acknowledges receipt of, and understands and agrees to, the Plan
and Notice of Exercise, copies of which are available to Optionholder on the
Company’s intranet site at http://192.168.1.47/.  The undersigned
Optionholder hereby agrees to accept as binding, conclusive and final all
decisions or interpretations of the Board and/or its Committee delegated
authority to administer the Plan upon any questions relating to the Stock
Option Agreement and the Plan.


 


	
  OTHER AGREEMENTS:

  	
   

  	
   

  
	
   

  	
   

  	
   

  



 


	
  FAVRILLE, INC.

  	
   

  	
  OPTIONHOLDER:

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  John
  P. Longenecker, Ph.D.

  	
   

  	
   

  	
  Signature

  	
   

  
	
   

  	
   

  	
   

  
	
  Title:
  CEO and President

  	
   

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
   

  	
   

  
									



 


ATTACHMENTS: 2001 Amended and Restated Equity Incentive Plan (prospectus), Stock Option
Agreement


 










(1)           If
this is an incentive stock option, it (plus your other outstanding incentive
stock options) cannot be first exercisable
for more than $100,000 in any calendar year. 
Any excess over $100,000 is a nonstatutory stock option.