<PAGE>   1
                                                                   EXHIBIT 10.4

                                 ATTACHMENT IV
                                       TO
                  CHANNELPOINT, INC. STOCK OPTION GRANT NOTICE
                            (1997 STOCK OPTION PLAN)


         In addition to the accelerated vesting provided by Section 10(b) of
the Plan, in the event of a Change in Control, the unvested portion of this
option shall be fifty percent (50%) vested and exercisable if you are providing
services as an Employee, Director or Consultant immediately prior to the
effective date of a Change in Control. The remainder of the unvested portion of
this option shall become vested and exercisable if (a) you are providing
services as an Employee, Director or Consultant immediately prior to the
effective date of a Change in Control and (b) your employment with the Company
terminates due to a Voluntary Termination for Good Reason or an Involuntary
Termination Without Cause, in either case within twenty-four (24) months
following the effective date of the Change in Control.

         For purposes of the foregoing sentence, "Voluntary Termination for
Good Reason" shall mean that you voluntarily terminate your employment with the
Company after any of the following are undertaken without your express written
consent:

         (a) the assignment to you of any duties or responsibilities which
result in a substantial diminution in your position or function (but not merely
a change in title or reporting relationships) as in effect immediately prior to
the effective date of the Change in Control;

         (b) a five percent (5%) or greater reduction by the Company in your
annual base salary as in effect immediately prior to the effective date of the
Change in Control or as increased thereafter;

         (c) any failure by the Company to continue in effect any benefit plan
or program, including incentive plans or plans with respect to the receipt of
securities of the Company, in which you are participating immediately prior to
the effective date of the Change in Control (hereinafter referred to as
"Benefit Plans"); or the taking of any action by the Company that would
adversely affect your participation in or reduce your benefits under the
Benefit Plans or deprive you of any fringe benefit that you enjoyed immediately
prior to the effective date of the Change in Control; provided, however, that
"good reason" shall not exist under this paragraph following a Change in
Control if the Company offers a range of benefit plans and programs which,
taken as a whole, are comparable to the Benefit Plans; or

         (d) your relocation, or the relocation of the Company's principal
executive offices if your principal office is at such offices, to a location
more than sixty (60) miles from the location at which you were performing your
duties immediately prior to the effective date of the Change in Control, except
for required travel on the Company's business to an extent substantially
consistent with your business travel obligations immediately prior to the
effective date of the Change in Control.



<PAGE>   2

         "Involuntary Termination Without Cause" shall mean your dismissal or
discharge by the Company for a reason other than your willful conduct that is
materially injurious to the business of the Company, whether financial or
otherwise. The termination of your employment will not be deemed to be an
"Involuntary Termination Without Cause" if your termination occurs as a result
of your death or disability.

         For purposes of the foregoing, "Company" shall include the business
entity by which you are employed or for which you are performing services
following the Change in Control.


                                       2