Document:

EX-10.1

Lightbridge, Inc. 30 Corporate Drive Burlington, MA 01803

Notice of Grant of Stock Options

	 	 	 	 	 	 	 	 	 
	Gary E. Haroian	 	Option Number:	 	0000XXX
	31 Tammer Lane	 	Plan:	 	2004
	Hopkinton, MA USA 01748
	 	 	 	 	 	 	 	 

Effective February 16, 2005, you have been granted a Non-Statutory Stock Option to buy 25,000
shares of Lightbridge, Inc. (the “Company”) stock at $6.17 per share.

The total option price of the shares granted is $154,250.00.

Shares in each period will become fully vested on the date shown.

	 	 	 	 	 	 	 	 	 
	Shares

	 	8,333

8,333

8,334
	 	Vest Type

On Vest Date

On Vest Date

On Vest Date
	 	Full Vest

2/16/06

2/16/07

2/16/08
	 	Expiration

2/16/2015

2/16/2015

2/16/2015

Notice, Access and Consent. By your signature and the Company’s signature below, you and
the Company agree that these options are granted under and governed by the terms and conditions of
the Company’s 2004 Stock Incentive Plan, as amended (the “Plan”), and the Terms and Conditions of
Stock Options, both of which are incorporated herein and made a part of this document. The current
Prospectus relating to the shares of Common Stock offered under the 2004 Incentive Plan, the Plan
and the Terms and Conditions of Stock Options are available on the Company’s intranet website at
www.inside.lightbridge.com and at www.optionslink.com and can be downloaded or
printed for your convenience, or provided in written form by contacting the Company’s Human
Resources Department at 30 Corporate Drive, Burlington, MA 01803, 781-359-4000. By your signature
below, you consent to the delivery of those documents in the manner described herein.

	 	 	 
	
 
	 	2/16/05
	 

	 	 
	Robert E. Donahue

Chief Executive Officer, Lightbridge, Inc.

	 	Date

	 
	 	 
	 

	 	 
	Gary Haroian

	 	DateEX-10.2

FORM OF NOTICE OF STOCK OPTION TO DIRECTORS

Lightbridge, Inc.30 Corporate
DriveBurlington, MA 01803

Notice of Grant of Stock Options

	 	 	 	 	 	 	 	 	 
	Name
	 	Option Number:            	 	XXXXXXX
	Address
	 	Plan:                     	 		04	

City, State, Zip

Effective Month, dd, yyyy, you have been granted a Stock Option to buy XXXXXX shares of
Lightbridge, Inc. (the “Company”) stock at $xxxxxx per share.

The total option price of the shares granted is $XXXXXXXXXX.

Shares in each period will become fully vested on the date shown.

Initial grant vesting schedule:

In three annual equal installments beginning on the first anniversary date of the option grant.

Annual option grant vesting schedule:

Option vests in full on date of grant.

Notice, Access and Consent. By your signature and the Company’s signature below, you and
the Company agree that these options are granted under and governed by the terms and conditions of
the Company’s 2004 Stock Incentive Plan, as amended (the “Plan”), and the Terms and Conditions of
Stock Options, both of which are incorporated herein and made a part of this document. The current
Prospectus relating to the shares of Common Stock offered under the 2004 Incentive Plan, the Plan
and the Terms and Conditions of Stock Options are available on the Company’s intranet website at
www.inside.lightbridge.com and at www.optionslink.com and can be downloaded or
printed for your convenience, or provided in written form by contacting the Company’s Human
Resources Department at 30 Corporate Drive, Burlington, MA 01803, 781-359-4000. By your signature
below, you consent to the delivery of those documents in the manner described herein.

Robert E. Donahue

Chief Executive Officer, Lightbridge, Inc.

Date

Employee DateEX-10.3

2005 Lightbridge Executive Incentive Plan

2005

I. OBJECTIVE

The Objective of the Lightbridge Executive Incentive Plan is to reward eligible members of
the executive team for their contributions to the success of Lightbridge, Inc. (the “Company”).
The Lightbridge Executive Incentive Plan is the incentive plan for eligible executives of the
Company (“Participants”) for the 2005 fiscal year.

II. PURPOSE

The Lightbridge Executive Incentive Plan is aimed at motivating Participants to achieve key
business objectives or to achieve the financial or operating performance of Lightbridge.

III. BONUS PLAN ELEMENTS

A. Effective Date

This Plan is effective for the calendar year 2005 beginning January 1, 2005,
through December 31, 2005. Business objectives and performance goals will reflect
the entire plan year.

B. Financial Performance and Payout Model

Payout under this Plan requires that Lightbridge, Inc. meet certain minimum
earnings per share performance, as described in Paragraph F below. Earnings per
share (“EPS”) shall be calculated in accordance with Generally Accepted Accounting
Principles (“GAAP”) net of any restructuring charges.

In the event of an acquisition, divestiture or other significant business event,
the EPS metric may be adjusted.

C. Eligibility, Interpretation

Participants in this Plan are selected by the Chief Executive Officer (“CEO”),
or, in the case of the CEO, the Compensation Committee.

All Participants must be employed in an eligible role prior to October
1st of the Plan year to qualify for any pro-rata bonus payout.
Participants have no rights under any other incentive plans.

A Participant must be employed in a bonus eligible position according to the stated
timeframes for a bonus payout and be employed on the final day of the
applicable Plan year to be eligible.

Elements not addressed in this plan will be managed or interpreted at the
discretion of the CEO or CEO’s designee or, in the case of a matter affecting the
CEO, the Compensation Committee of the Board of Directors.

D. Performance Bonus Criteria

MBO Performance – A portion of the bonus pool will be based on, and individual
payouts will be calculated according to, performance against pre-determined
management goals and objectives. Individual MBOs will be weighted to reflect
their relative importance to Company’s overall business plan and will be reviewed
on a quarterly basis by the CEO or the Compensation Committee, as the case may be.
All individual MBOs must be documented in writing and approved by the CEO or, in
the case of the CEO, the Compensation Committee.

Financial Performance – Other portions of the bonus pool will be based on corporate
performance and/or business unit performance.

E. 2005 Annual Bonus Percentage Targets

A Participant’s bonus target is based on market indicators for the Participant’s
role and is set as a percentage of the Participant’s 2005 annual base salary. The
Participant’s 2005 annual base salary, including any base adjustments approved
during the first quarter of the year, represents the basis for the bonus
calculation.

F. Bonus Payments

Once the applicable financial threshold performance is achieved, payouts will be
determined as provided below.

The payments for performance at threshold and between threshold and target (100%)
and the percentage of the Participant’s total bonus pool allocated to each
performance element will be calculated according to the schedule below:

	 	•	 	FY 2005 Budgeted Corporate EPS (30% of total target bonus)
	 
	 	•	 	90% of budgeted EPS funds a 50% pool.

	 	•	 	Above 90%-100% of budgeted EPS funds a pool that is

interpolated on a straight line from the 50% level up to 100%.

	 	•	 	FY 2005 Budgeted Corporate Revenue* (30% total target bonus)
	 
	 	•	 	90% of budgeted corporate revenue funds a 50% pool.

	 	•	 	Above 90%-100% of budgeted corporate
revenue funds a pool that is interpolated on a straight line from
the 50% level up to 100%.

* Ninety per cent (90%) of Corporate EPS goal must be achieved to
fund this pool.

	 	•	 	MBO Achievement** (40% of total target bonus)

	 	•	 	EPS attainment of 50% of FY 2005
budget will fund a 25% pool.

	 	•	 	EPS attainment of above 50%-100% of
budget will fund a pool that is interpolated on a straight line
beyond the 25% level up to 100%.

** Fifty per cent (50%) of FY 2005 Budgeted Corporate EPS target
must be achieved to fund this element of the bonus pool. For
example, if 2005 budgeted corporate EPS is $.10, then EPS of at
least $.05 must be achieved for any payout; if budgeted corporate
EPS is ($.10) then EPS of at least ($.15) must be achieved for any
payout.

All payments will be made after the financial close of the year, typically within
the following quarter.

G. Incremental Bonus Pool

Designated Management Employees under all 2005 bonus plans (other than the CEO) are
eligible for an incremental bonus if FY 2005 Consolidated Operating Income exceeds
budget. The bonus pool will be funded as follows and interpolated on a straight
line basis:

	 	 	 	 	 	 	 	 	 
	 	 	Above Budget Funding	 	 
	 	 	As a % of Above	 	 
	Performance	 	Budget Performance	 	$ to Pool
	On Budget
	 	 	0	%	 	 	0	 
	$1.00 to $2,000,000
	 	 	5	%	 	Up to $100,000

	$2,000,000.01 to $8,000,000
	 	 	10	%	 	Up to $600,000

Maximum Incremental Bonus Pool is $700,000.

The incremental bonus pool will be distributed on an individual basis according to
the Participant’s actual bonus as a percent of the total bonus pool.

Note: Consolidated Operating Income shall be calculated in accordance with GAAP
net of any restructuring charges.

In the event of an acquisition, divestiture or other significant business event,
the Consolidated Operating Income metric may be adjusted.

H. Changes in Plan

The Company reserves the right to modify or terminate the Lightbridge Executive
Incentive Plan in total or in part, at any time. Any such modification or
termination must be approved by the Compensation Committee and must be in writing
and signed by the CEO.

I. Entire Agreement

This Plan is the entire agreement between Lightbridge and the executive regarding
the subject matter of this Plan and supersedes all prior compensation, bonus or
incentive plans or any written or verbal representations regarding the subject
matter of this Plan.

J. Employment at Will

The employment of all Plan participants at Lightbridge, Inc. is for an indefinite
period of time and is terminable at any time by either party, with or without cause
being shown or advance notice by either party. This Plan shall not be construed to
create a contract of employment for a specified period of time between Lightbridge
and any plan participant.

K. Plan Acceptance

I have read the complete 2005 Lightbridge Executive Incentive Plan and understand
its content. My signature below acknowledges receipt of the Plan.

Participant Signature:     Date:     

Print Name:     

1

Eugene DiDonato — 2005 MBOs

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	GOAL	 	TARGET COMPLETION	 	POINTS
	 
	 	 	—	 	 	DATE                            	 	 	—	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 	Litigation Matters                                                       	 	All targeted to                 
	 	 	20	 
	 
	 	 	—	 	 	year end.                       
	 	 	—	 
	 
	 	 	 	 	 	 	 	 	 	 
	1.
	 	 	*	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	2.
	 	 	*	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	3.
	 	 	*	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	4.
	 	 	*	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	BOD Support                                                              	 	All targeted to                 
	 	 	15	 
	 
	 	 	—	 	 	year end.                       
	 	 	—	 
	 
	 	 	 	 	 	 	 	 	 	 
	 
	 	Provide current events and governance updates to BOD and
	 	 	 	 	 	 	 	 
	5.
	 	Committees.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	6.
	 	Provide support re BOD materials/minutes preparation.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Provide direct support to BOD and Committees re SEC/NASD/SOX
	 	 	 	 	 	 	 	 
	7.
	 	/COSO compliance.	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Corporate Governance/SEC Compliance/ Regulatory Compliance               	 	All targeted to                 
	 	 	15	 
	 
	 	 	—	 	 	year end.                       
	 	 	—	 
	 
	 	 	 	 	 	 	 	 	 	 
	8.
	 	Revise committee charters, as applicable.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	9.
	 	Prepare all SEC Documentation including revised annual report
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	10.
	 	Prepare proxy statement.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Maintain CGQ industry ranking score required to get ISS
	 	 	 	 	 	 	 	 
	11.
	 	recommendation on non-discretionary proxy matters
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	12.
	 	Complete Sarbanes/Oxley 404 and COSO compliance program.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	13.
	 	Regulatory compliance review for new product initiatives.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Contract Matters                                                         	 	All targeted to                 
	 	 	15	 
	 
	 	 	—	 	 	year end.                       
	 	 	—	 
	 
	 	 	 	 	 	 	 	 	 	 
	14.
	 	Oversee preparation of 2005 renewals to client contracts.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	15.
	 	 	*	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	16.
	 	Oversee preparation of contracts for new product initiatives.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Intellectual Property Matters                                            	 	All targeted to                 
	 	 	10	 
	 
	 	 	—	 	 	year end.                       
	 	 	—	 
	 
	 	 	 	 	 	 	 	 	 	 
	17.
	 	Review and update websites.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	18.
	 	Review patent prospects for Authorize.Net.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Corporate/HR/Business Matters                                            	 	All targeted to                 
	 	 	25	 
	 
	 	 	—	 	 	year end.                       
	 	 	—	 
	 
	 	 	 	 	 	 	 	 	 	 
	19.
	 	 	*	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Advise management regarding expensing of stock options and
	 	 	 	 	 	 	 	 
	20.
	 	ESPPchanges to comply with new accounting rules.
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	21.
	 	 	*	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	22.
	 	 	*	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	*Confidential Strategic MBOs	 	TOTAL                           
	 	 	100	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 

2

TIMOTHY O’BRIEN — 2005 MBOs

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	GOAL	 	TARGET COMPLETION DATE	 	POINTS
	1.
	 	Ensure continuing                       
	 	Ongoing	 	 	15	 
	 
	 	compliance with
	 	 	 	 	 	 	 	 
	 
	 	Sarbanes-Oxley and
	 	 	 	 	 	 	 	 
	 
	 	avoidance of material
	 	 	 	 	 	 	 	 
	 
	 	weakness assertion by D&T –
	 	 	 	 	 	 	 	 
	 
	 	include A.Net in 2005
	 	 	 	 	 	 	 	 
	2.
	 	Bring on a top notch                    
	 	April 30, 2005	 	 	15	 
	 
	 	internal auditor with
	 	 	 	 	 	 	 	 
	 
	 	strong financial service
	 	 	 	 	 	 	 	 
	 
	 	background
	 	 	 	 	 	 	 	 
	3.
	 	 	*	 	 	 	 	 	 	 	10	 
	4.
	 	Attract one or more new                 
	 	September 30, 2005	 	 	15	 
	 
	 	research analysts to cover
	 	 	 	 	 	 	 	 
	 
	 	Lightbridge with focus on
	 	 	 	 	 	 	 	 
	 
	 	financial transaction
	 	 	 	 	 	 	 	 
	 
	 	processing
	 	 	 	 	 	 	 	 
	5.
	 	 	*	*	 	 	 	 	 	 	15	 
	6.
	 	 	*	 	 	 	 	 	 	 	15	 
	7.
	 	 	*	*	 	 	 	 	 	 	15	 
	 
	 	*Confidential Strategic MBO	 	 	 	 	 	 	 	 
	 
	 	**Confidential Financial MBO	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	TOTAL                                     
	 	 	100	 

3

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