Document:

September 10, 2013 S8 Exhibit 10.24

Exhibit 10.24

 

STOCK OPTION AGREEMENT

UNDER THE

8x8, INC. 2013 NEW EMPLOYEE INDUCEMENT INCENTIVE PLAN

 

8X8, INC., a Delaware corporation (the "Company"), has granted you (the
"Optionee") the option (the "Option") to purchase all or any part of the total
number of shares (the "Shares") of common stock of the Company, par value $0.001 per share
("Common Stock"), set forth below, at the price per Share ("Option Price") set
forth below, subject to the terms and conditions set forth in this Stock Option Agreement (the "Agreement").
The Option has been granted as an inducement material to the Optionee's entering into employment with the Company, and in all
respects subject to such employment and all other terms and conditions of this Agreement. By accepting the Option, you are agreeing
that you and your spouse or domestic partner are bound by all of the terms of the Agreement with respect to such Option grant.

Name of Optionee:_____________________________________

Grant Date:_____________________________________

Number of Shares:_____________________________________

Option Price:_____________________________________

Vesting Commencement Date:_________________________

	Nature of the Option. The Option is not intended to be an "incentive stock
option" within the meaning of Section 422 of the Code.  The Option is granted pursuant to the Company's 2013 New Employee
Inducement Incentive Plan (the "Plan").  All capitalized terms used herein and not otherwise defined shall
have the meanings ascribed thereto in the Plan, which provisions are incorporated into this Agreement by this reference. The Optionee
confirms and acknowledges that the Optionee has received and reviewed a copy of the Plan.

	Vesting and Exercise of Option. The Option shall vest and become exercisable during its term in
accordance with the following provisions:

	Vesting and Right of Exercise.

	The Option shall vest and become exercisable with respect to [one-fourth of the Shares at the first
anniversary of the Vesting Commencement Date (as set forth above) and as to one thirty-sixth of the remaining Shares subject to the
Option at the end of each successive month thereafter until all of the Shares subject to the Option have vested], subject to the
Optionee's continued employment or other association with the Company.

	In the event of the Optionee's death, disability or other termination of employment or other association with
the Company, the Option shall be exercisable in the manner and to the extent provided in Section 5.3 of the Plan.

	No fraction of a Share shall be purchasable or deliverable upon exercise, but in the event any adjustment
hereunder of the number of Shares covered by the Option shall cause such number to include a fraction of a Share, such number of
Shares shall be adjusted to the nearest smaller whole number of Shares.

	Method of Exercise. In order to exercise any portion of this Option which has vested, the Optionee
shall notify the Company in writing of the election to exercise the Option and the number of Shares in respect of which the Option is
being exercised, by executing and delivering the Notice of Exercise of Stock Option in the form attached hereto as Appendix I.

	Restrictions on Exercise. This Option may only be exercised with respect any portion hereof which
has vested in accordance with subsection (a) above. This Option may not be exercised if the issuance of the Shares upon such
exercise or the method of payment of consideration for such Shares would constitute a violation of any applicable federal or state
securities law or other law or regulation. Furthermore, the method and manner of payment of the Option Price will be subject to the
rules under Part 221 of Title 12 of the Code of Federal Regulations as promulgated by the Federal Reserve Board if such rules apply to
the Company at the date of exercise. As a condition to the exercise of this Option, the Company may require the Optionee to make any
representation or warranty to the Company at the time of exercise of this Option as in the opinion of legal counsel for the Company may
be required by any applicable law or regulation, including the execution and delivery of an appropriate representation statement.

	Non-Transferability of Option. This Option may be exercised during the lifetime of the Optionee
only by the Optionee and may not be transferred in any manner other than by will or by the laws of descent and distribution. The terms
of this Option shall be binding upon the executors, administrators, heirs and successors of the Optionee.

	Method of Payment. Payment of the aggregate Option Price shall be by any of the following, or a
combination thereof, at the election of the Optionee:

	cash;

	check payable to the Company; 

	delivery to the Company of shares of Common Stock having a Market Value equal to the Option Price of
the Shares to be purchased; or 

	surrender of the Option as to all or part of the Shares for which the Option is then exercisable in exchange
for shares of Common Stock having an aggregate Market Value equal to the difference between (i) the aggregate Market Value of the
surrendered portion of the Option and (ii) the aggregate Option Price for the surrendered portion of the Option.

                                                     2

If the Common Stock is traded on an established market, payment of the Option Price  may also be made
through and under the terms and conditions of any formal cashless exercise program authorized by the Company entailing the sale of
Shares subject to the Option in a brokered transaction (other than to the Company). 

	Adjustment for Corporate Actions. If subsequent to the Grant Date the outstanding shares of
Common Stock are increased, decreased, or exchanged for a different number or kind of shares or other securities, or if additional
shares or new or different shares or other securities are distributed with respect to shares of Common Stock, as a result of a
reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split, or other similar distribution with respect
to such shares of Common Stock, an appropriate and proportionate adjustment will be made in (i) the number and kind of shares or
other securities then subject to the Option and (ii) the exercise price for each share or other unit of any other securities then subject to
the Option (without change in the aggregate Option Price as to which the Option remains exercisable).

	Treatment of Option in a Corporate Transaction. In a Corporate Transaction, the Committee, in its
sole and absolute discretion, may take any one or more of the following actions as to the Option:

	Assumption and Substitution.  Provide that the Option shall be assumed, or substantially equivalent
rights shall be provided in substitution therefor, by the acquiring or succeeding entity (or an affiliate thereof).

	Termination.  Upon written notice to the Optionee, provide that the Option shall terminate
immediately prior to the consummation of the Corporate Transaction unless exercised within a specified period following the date of
such notice and that any portion of the Option not then exercisable will expire automatically upon consummation of the Corporate
Transaction.

	Acceleration of Vesting.  Provide that the portion of the Option not already exercisable in full shall
Accelerate with respect to all or a portion of the Shares for which the Option is not then exercisable prior to or upon the consummation
of the Corporate Transaction.

	Cash Payment to Optionee.  Provide for a cash payment, net of applicable tax withholdings, to be
made to the Optionee equal to the excess, if any, of (A) the acquisition price times the number of Shares subject to the Option (to the
extent the Option Price does not exceed the acquisition price) over (B) the aggregate Option Price for all such Shares subject to the
Option, in exchange for the termination of the Option; provided, that if the acquisition price does not exceed the Option Price, the
Committee may cancel the Option without the payment of any consideration therefor prior to or upon the Corporate Transaction. For
this purpose, "acquisition price" means the amount of cash, and market value of any other consideration, received in payment for a
share of Common Stock surrendered in a Corporate Transaction. 

	Conversion Upon Liquidation or Dissolution.  Provide that, in connection with a liquidation or
dissolution of the Company, the Option shall convert into the right to receive liquidation proceeds net of the Option Price and any
applicable tax withholdings.

                                                     3

	Any combination of the foregoing.

None of the foregoing shall apply, however, if specifically prohibited under applicable laws, or by the rules and
regulations of any governing governmental agencies or national securities exchanges on which the Common Stock is listed.  

	Term of Option. This Option may not be exercised more than [ten (10)] years
from the Grant Date set forth above, and may be exercised during such term only in accordance with the terms of this
Agreement.

	Not Employment Contract. Nothing in this Agreement shall confer upon the Optionee any right to
continue in the employ of the Company or shall interfere with or restrict in any way the rights of the Company, which are hereby
expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without cause, subject to the provisions of
applicable law.

	Income Tax Withholding.

	The Optionee authorizes the Company to withhold in accordance with applicable law from any
compensation payable to him or her any taxes required to be withheld by federal, state or local laws as a result of the exercise of this
Option.

	Any adverse consequences incurred by an Optionee with respect to the use of shares of Common Stock to
pay any part of the Option Price or of any tax in connection with the exercise of the Option shall be the sole responsibility of the
Optionee.

	Community Property.  Without prejudice to the actual rights of the spouses as between each other,
for all purposes of this Agreement, the Optionee shall be treated as agent and attorney-in-fact for that interest held or claimed by the
Optionee's spouse with respect to this Option and any Shares and the parties hereto shall act in all matters as if the Optionee was the
sole owner of this Option and (following exercise) any such Shares.  This appointment is coupled with an interest and is
irrevocable.

	Miscellaneous.

	Notice under this Agreement shall be given to the Company at its principal place of business, and shall be
given to the Optionee at the address set forth below, or in either case at such other address as one party may subsequently furnish to
the other party in writing.

	This Agreement does not confer upon the Optionee any rights with respect to continuation of employment
by the Company or any of its subsidiaries.

	The Committee may amend the terms of this Agreement, prospectively or retroactively, provided that the
Agreement as amended is consistent with the terms of the Plan, but no such amendment shall impair the Optionee's rights under this
Agreement without the Optionee's consent.

                                                     4

	This Agreement shall be construed and enforced in accordance with the laws of California, without regard
to the conflicts of laws principles thereof.

	This Agreement shall be binding upon and inure to the benefit of any successor or assign of the Company
and any executor, administrator, trustee, guardian or other legal representative of the Optionee.

	This Agreement may be executed in counterparts. This Agreement and the Plan together constitute the
entire agreement between the parties relative to the subject matter of this Agreement, and supersede all communications, whether
written or oral, relating to the subject matter of this Agreement.

 

 

 

 

 

                                                     5

THIS AGREEMENT is binding upon the parties and entered into effective as of the Grant Date set forth
above.

 

8x8, Inc.

 

	
By: ________________________________

Name:  

Title: 

	
 __________________________________

 Signature of Optionee

    

Optionee's Address:

____________________________

____________________________

____________________________

 

 

 

 

                                                    6

APPENDIX I

8X8, INC.

NOTICE OF EXERCISE OF STOCK OPTION

I ___________________________________ (print legibly) hereby elect to exercise the following stock
options(s) granted to me by 8X8, INC. (the "Company") under its 2013 New Employee Inducement Incentive
Plan (the "Plan"). All shares being purchased are fully vested and exercisable pursuant to Section 2 of the
listed Stock Option Agreement (the "Agreement").

1._______Shares at $_______per share (Grant date): _______ )

2._______Shares at $_______per share (Grant date): _______ )

3._______Shares at $_______per share (Grant date): _______ )

4._______Shares at $_______per share (Grant date): _______ )

Method of Payment:

	Cash exercise in the aggregate amount of $ _______________.

	Authorized cashless exercise program pursuant to Section 4 of the Agreement.

	Delivery of shares of Common Stock pursuant to Section 4(c) of the Agreement.

	Surrender of the Option pursuant to Section 4(d) of the Agreement.

 

Shares purchased under the Plan should be issued to me as follows: 

Name: _______________________________________________

If you choose to include your spouse, you must designate below how you wish your shares to be registered
by checking the appropriate box. If we receive no designation, the shares will be designated as Joint Tenants.

	
_______Joint Tenants

	
 _______Community Property

	
_______Tenants in Common

	
_______Tenancy by Entirety

Verification by _____________________________________________ Stock Administration

Certificate to be delivered to (complete item 1 or 2 below)

	
1. Employee ________________________________

	
Home Address: __________________________________

______________________________________________

                                                       7

2.(Insert Name of Second Broker)___________________________________________________

Acct #: _____________________________________

Contact Name & Number: ____________________________________

Signature:___________________________________________________

Date:___________________________________________________

Social Security No.:___________________________________________________

 

 

[For Company Use Only]

 

As of the date set forth above, the above named person has the vested right to exercise the number of
shares set forth above. 

	
Date: ________________________________

	
 ___________________________________________

Amount due Company: $__________________

8x8, Inc. Stock Administration 

   2125 O'Nel Drive 

   San Jose, California 95131

   (408) 727-1885

 

 

 

                                                       8September 10, 2013 S8 Exhibit 10.25

Exhibit 10.25

NOTICE OF GRANT OF RESTRICTED STOCK UNIT AWARD AND AGREEMENT 

UNDER THE 

8X8, INC. 2013 NEW EMPLOYEE INDUCEMENT INCENTIVE PLAN 

 

Name of Participant: 

Award Date:

Number of RSUs (at 100% of Attainment):

Vesting Commencement Date:

 

8x8, Inc. (the "Company") has granted you (the "Participant") an
award (the "Award") of the number of Restricted Stock Units ("RSUs") (as
defined in the Company's 2013 New Employee Inducement Incentive Plan (the "Plan")) to obtain shares of
the Company's common stock, par value $0.001 per share (the "Common Stock") as set forth in this Notice
of Grant of Restricted Stock Unit Award and Agreement (the "Agreement") and the Plan. The RSUs have
been granted as an inducement material to the Participant's entering into employment with the Company, and in all respects subject to
such employment and all other terms and conditions of this Agreement. By accepting this grant, the Participant is agreeing that the
Participant and the Participant's spouse or domestic partner are bound by all of the terms of this Agreement with respect to such
Award, and the Participant: (a) acknowledges receipt of and represents that the Participant has read and is familiar with this Agreement
and the Plan in the form most recently prepared in connection with the registration with the Securities and Exchange Commission of
shares issuable pursuant to the Plan, (b) accepts the grant subject to all of the terms and conditions of this Agreement and the Plan and
(c) agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions arising under
this Agreement or the Plan.

	Vesting

No portion of the shares of Common Stock that the Participant is entitled to receive will be issued until such
portion has vested. The RSUs shall vest as provided in this Agreement, provided in each case that the Participant is then, and since the
Award Date has remained, in continued employment or other association with the Company.

Alternative 1:  Except as otherwise provided in this Agreement or under the Plan, the RSUs
shall vest with respect to [one-fourth of the RSUs at the first anniversary of the Vesting Commencement Date and as to one thirty-sixth
of the remaining RSUs at the end of each successive month thereafter until all of the RSUs have vested], subject to the Participant's
continued employment or other association with the Company.

Alternative 2:  The award of RSUs will be granted contingent upon successfully achieving the
following performance goal, subject to the Participant's continued employment or other association with the Company:
[               ].  There is a minimum
threshold set at [ ]% of [  ].  No RSUs will be awarded below the [ ]% attainment level.  For performance at and above [ ]%, the
number of RSUs awarded will be based on a graduated slope, to be capped at [ ]% attainment as per the attached schedule.
[Optional for use with performance-based units.]

	Issuance of Common Stock

	Each vested RSU entitles the Participant to receive one share of Common Stock.

	As soon as practicable following the vesting of RSUs but in any event no later than 21⁄2 months following
the calendar year in which such RSUs vested (or any earlier date, after vesting, required to avoid characterization as non-qualified
deferred compensation under Section 409A of the Code), the shares of Common Stock underlying the vested RSUs (the
"Shares") will be delivered to the Participant, subject to the terms and conditions of the Plan, including
Section 8 thereof.

	Until such time as any Shares have been issued to the Participant pursuant to Section 2(b) above, the
Participant shall not have any rights as a holder of shares of Common Stock underlying the RSUs, including, but not limited to, voting
rights, rights to receive dividends and other distributions with respect to Common Stock, and stockholder inspection
rights.

	Termination of Continuous Employment

The Participant's right in any RSUs that are not vested as of the date on which the Participant's continued
employment or other association with the Company has ceased shall automatically terminate on such date, and such RSUs shall be
canceled as provided under the Plan and shall be of no further force and effect. In the event of the termination of Participant's continued
employment or other association with the Company, the Company, as soon as practicable following the effective date of termination,
shall issue shares of Common Stock to the Participant (or the Participant's designated beneficiary or estate executor in the event of
Participant's death) with respect to any RSUs which, as of the effective date of termination of such employment or other association,
have vested but for which shares of Common Stock had not yet been issued to the Participant.

	Incorporation of General Terms and Conditions

Notwithstanding anything herein to the contrary, this Award shall be subject to and governed by all the
terms and conditions of the Plan. Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different
meaning is specified in this Agreement.

                                                     2

	Transferability

This Agreement is personal to the Participant, is non-assignable, and is not transferable in any manner, by
operation of law, or otherwise, other than by will or the laws of descent and distribution. This Award is available, during the Participant's
lifetime, only to the Participant, and thereafter, only to the Participant's designated beneficiary.

	Not Employment Contract

Nothing in this Agreement shall confer upon the Participant any right to continue in the employ of the
Company or shall interfere with or restrict in any way the rights of the Company, which are hereby expressly reserved, to discharge the
Participant at any time for any reason whatsoever, with or without cause, subject to the provisions of applicable law.

	Adjustment for Corporate Actions

If subsequent to the Award Date the outstanding shares of Common Stock are increased, decreased, or
exchanged for a different number or kind of shares or other securities, or if additional shares or new or different shares or other
securities are distributed with respect to shares of Common Stock, as a result of a reorganization, recapitalization, reclassification,
stock dividend, stock split, reverse stock split, or other similar distribution with respect to such shares of Common Stock, an appropriate
and proportionate adjustment will be made in the numbers and kinds of shares or other securities then subject to the Award.

	Treatment of Award in a Corporate Transaction

In a Corporate Transaction, the Committee, in its sole and absolute discretion, may take any one or more
of the following actions as to the Award:

	Assumption and Substitution.  Provide that the Award shall be assumed, or substantially equivalent
rights shall be provided in substitution therefor, by the acquiring or succeeding entity (or an affiliate thereof).

	Termination and Forfeiture.  Upon written notice to Participant, provide that any RSUs subject to the
Award shall terminate and be forfeited immediately prior to the consummation of the Corporate Transaction to the extent they are then
subject to a Risk of Forfeiture.

	Acceleration of Vesting.  Provide that any Risk of Forfeiture applicable to RSUs which is not based
on achievement of Performance Goals or other business objectives shall lapse upon consummation of the Corporate Transaction with
respect to all or a portion of the RSUs then subject to such Risk of Forfeiture.

	Achievement of Performance Goals. If the Award is conditioned on the achievement of Performance
Goals or other business objectives, provide that such Performance Goals or objectives and the target payout opportunities shall be
deemed to have been satisfied as of the effective date of the Corporate Transaction as to (i) none, (ii) all or (iii) a pro rata number of
Shares based on the assumed achievement of all relevant

                                                     3

Performance Goals or other business objectives and the length of time
within the Restriction Period or Performance Period which has elapsed prior to the Corporate Transaction. 

	Any combination of the foregoing.

None of the foregoing shall apply, however, if specifically prohibited under applicable laws, or by the rules and
regulations of any governing governmental agencies or national securities exchanges on which the Common Stock is listed. 

	  Tax Withholding

The Participant hereby authorizes the Company to withhold shares of Common Stock from the Shares to
be issued pursuant hereto in order to satisfy the minimum tax withholding obligation with respect to Participant.

	Tax Consequences

The Company makes no representation or warranty as to the tax treatment to the Participant of the
Participant's receipt of the Award or vesting of RSUs or upon the Participant's sale or other disposition of the Common Stock issued
pursuant to the RSUs. The Participant should rely on his or her own tax advisors for all such advice.

	  Community Property

Without prejudice to the actual rights of the spouses as between each other, for all purposes of this
Agreement, the Participant shall be treated as agent and attorney-in-fact for that interest held or claimed by the Participant's spouse
with respect to the RSUs and Shares issued upon settlement of such RSUs and the parties hereto shall act in all matters as if the
Participant was the sole owner of the RSUs and Shares.  This appointment is coupled with an interest and is irrevocable. 

	Miscellaneous

	Notice under this Agreement shall be given to the Company at its principal place of business, and shall
be given to the Participant at the address set forth below, or in either case at such other address as one party may subsequently furnish
to the other party in writing.

	This Agreement does not confer upon the Participant any rights with respect to continuation of employment
by the Company or any of its subsidiaries.

	The Committee may amend the terms of this Agreement, prospectively or retroactively, provided that the
Agreement as amended is consistent with the terms of the Plan, but no such amendment shall impair the Participant's rights under this
Agreement without the Participant's consent.

	This Agreement shall be construed and enforced in accordance with the laws of California, without regard
to the conflicts of laws principles thereof.

                                                     4

	This Agreement shall be binding upon and inure to the benefit of any successor or assign of the Company
and any executor, administrator, trustee, guardian or other legal representative of the Participant.

	This Agreement may be executed in counterparts. This Agreement and the Plan together constitute the
entire agreement between the parties relative to the subject matter of this Agreement, and supersede all communications, whether
written or oral, relating to the subject matter of this Agreement.

THIS AGREEMENT is binding upon the parties and entered into effective as of the Award Date set forth
above.

8x8, Inc.

 

	
By: ________________________________

Name:  

Title: 

	
 __________________________________

 Signature of Participant

    

Participant's Address:

____________________________

____________________________

____________________________

 

 

 

 

 

 

                                                     5

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