Document:

q20810-2boardservice.htm

                                                                    

    Exhibit
      10.2

     

    NVIDIA
      CORPORATION 

    CERTIFICATE
      OF STOCK OPTION GRANT

                                                                                             2007
      EQUITY INCENTIVE PLAN

     

     

    Summary
      of Grant Award:

     

    
      
        	 	Granted
                to:	 
	
                 

              	
                Grant
                  Number:

              	
                 

              
	
                 

              	
                Social
                  Security Number/Global ID:

              	
                 

              
	
                 

              	
                Grant
                  Date(mm/dd/yyyy):

              	
                 

              
	
                 

              	
                Expiration
                  Date(mm/dd/yyyy):

              	
                 

              
	
                 

              	 	
                 

              
	
                 

              	
                Shares
                  Granted:

              	
                 

              
	
                 

              	
                Grant
                  Price:

              	
                 

              
	
                 

              	
                Grant
                  Type:

              	
                 

              

      

    

     

     

    

    Vesting
      Schedule:

     

    
      
        
          	
                   Date
                    of Vest 

                	
                  Number
                    of Shares Vesting 

                	
                   Vesting
                    in Period

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                   

                	
                   

                
	
                   

                	
                   

                	
                   

                
	
                   

                	 	
                   

                

        

         

         

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    NVIDIA
      CORPORATION

    2007
      EQUITY INCENTIVE PLAN

     

      NONSTATUTORY
      STOCK OPTION

     (Annual
      Grant - Board Service)

     

    TERMS
      and CONDITIONS of STOCK OPTION

     

    This
      document sets forth the terms of an Option (the “Option”) granted by NVIDIA
      Corporation, a Delaware corporation (the “Company”), pursuant to its 2007 Equity
      Incentive Plan (the “Plan”). The Option is evidenced by a Certificate of Stock
      Option Grant (“Certificate”) displayed on the website of Smith Barney Stock Plan
      Services or such other third party stock administration provider used by the
      Company from time to time (the “Website”). The Certificate is hereby
      incorporated herein by reference, including without limitation the information
      in the Certificate that specifies the person to whom the Option is granted
      (“you” or “Grantee”), the specific details of the Option, and your automatic
      electronic acceptance of the Certificate at the Website.  Defined
      terms not explicitly defined in this Terms and Conditions of Stock Option but
      defined in the Plan shall have the same definitions as in the Plan.

     

    The
      details of your Option are as follows:

     

    1.  The
      total number of shares of Common Stock subject to this Option is set forth
      in
      the Certificate. This Option is not intended to qualify and will
not be treated as an “incentive stock option” within the meaning of
      Section 422 of the Internal Revenue Code of 1986, as amended (the
      "Code").

     

    2.  The
      exercise price of this Option is set forth on the Certificate, and is equal
      to
      the Fair Market Value of the Common Stock on the date of grant of this
      Option.

     

    3.  Subject
      to the limitations contained herein, this Option shall vest and be exercisable
      as follows:

     

    (a)  If
      you have attended at least seventy-five percent (75%) of the regularly scheduled
      meetings of the Board held between the date of grant and the two (2)-year
      anniversary of the date of grant of this Option, then this Option will begin
      vesting quarterly in equal installments on the two (2)-year anniversary of
      the
      date of grant, such that this Option shall be fully vested and exercisable
      on
      the three (3)-year anniversary of the date of grant, subject to your Continuous
      Service.

     

    (b)  If
      your Continuous Service terminates before the two (2)-year anniversary of the
      date of grant due to Disability, then this Option shall immediately vest and
      become exercisable as to that pro rata number of shares subject to the Option
      determined based on the number of full quarters of Continuous Service between
      the date of grant and the termination date.

     

    (c)  Unless
      this Option sooner vests and becomes exercisable as provided in subsections
      3(a)
      or 3(b) above or subsection 3(d) below, and subject to your Continuous Service,
      this Option shall vest over the four (4)-year period following the date of
      grant
      at the rate of thirty percent (30%) of the shares subject to this Option on
      the
      three (3)-year anniversary of the date of grant of this Option and seventy
      percent (70%) of the shares subject to this Option on the four (4)-year
      anniversary of the date of grant of this Option, such that this entire Option
      shall be fully vested and exercisable on the four (4)-year anniversary of the
      date of grant of the Option, subject to your Continuous Service.

     

    (d)  If
      your Continuous Service terminates at any time as a result of your death, this
      Option shall be immediately fully vested and exercisable.

    

    (e)  Except
      as otherwise expressly provided in the Plan (including Section 5(g) thereof),
      if
      your Continuous Service terminates for any reason or for no reason, this Option
      shall be exercisable only to the extent vested on such termination date, and
      shall terminate to the extent not exercised on the earlier of the Expiration
      Date (as defined below) or the date that is twelve (12) months following
      the date of termination.  However, if such termination of Continuous
      Service is due to your death, or if you die within the period in which this
      Option would otherwise be exercisable following your termination date, this
      Option shall terminate to the extent not exercised on the earlier of the
      Expiration Date or the date that is eighteen (18) months following the date
      of your death.

     

    4.    (a)  You
      may exercise this Option, to the extent specified above, by delivering a
      notice of exercise (in a form designated by the Company) together with the
      exercise price to the Secretary of the Company, or to such other person as
      the
      Company may designate, during regular business hours, together with such
      additional documents as the Company may then require pursuant to the Plan.
      You
      may exercise this Option only for whole shares.

     

    (b)  You
      may elect to pay the exercise price under one of the following
      alternatives:

     

    (i)            Payment
      in cash or check at the time of exercise;

     

    (ii)            Payment
      pursuant to a program developed under Regulation T as promulgated by the Federal
      Reserve Board that, prior to the issuance of Common Stock subject to this
      Option, results in either the receipt of cash (or check) by the Company or
      the
      receipt of irrevocable instructions issued by you to pay the aggregate exercise
      price to the Company from the sales proceeds;

     

    (iii)            Provided
      that at the time of exercise the Company's Common Stock is publicly traded
      and
      quoted regularly in the Wall Street Journal, payment by delivery of
      already-owned shares of Common Stock, held for the period required at the time
      of exercise by the Company, and owned free and clear of any liens, claims,
      encumbrances or security interests, which Common Stock shall be valued at its
      Fair Market Value on the date of exercise; or

    

    (iv)     Payment
      by a combination of the methods of payment specified in subparagraphs (i)
      through (iii) above.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (c)  By
      accepting this Option, you agree that the Company may require you to enter
      an
      arrangement providing for the cash payment by you to the Company of any
      tax-withholding obligation of the Company relating to this Option, including
      any
      such obligation arising by reason of the vesting or exercise of this Option.
      Notwithstanding anything to the contrary contained herein, you may not exercise
      this Option unless the shares issuable upon exercise of this Option are then
      registered under the Securities Act of 1933, or, if such shares are not then
      so
      registered, the Company has determined that such exercise and issuance would
      be
      exempt from the registration requirements of the Securities
      Act. 

     

    5.  This
      Option is not transferable except (i) by will or by the laws of descent and
      distribution; or (ii) pursuant to a domestic relations order.  You may
      deliver written notice to the Company, in a form satisfactory to the Company,
      pursuant to which you designate a third party who, in the event of your death
      shall have the right to exercise the Option on the terms set forth in this
      document.  During your life, this Option is exercisable only by you or
      a transferee satisfying the conditions of this Section 5.  The terms
      of this Option shall be binding upon the transferees, executors, administrators,
      heirs, successors, and assigns of the Grantee.  The right of a
      transferee to exercise the transferred portion of this Option shall terminate
      in
      accordance with your right of exercise under Section 3 of this
      Option.

     

    6.  The
      term of this Option (“Expiration Date”) is six (6) years measured from the date
      of grant, subject, however, to earlier termination upon your termination of
      Continuous Service, as set forth herein and in the Plan.

     

    7.  Any
      notices provided for in this Option or the Plan shall be given in writing and
      shall be deemed effectively given upon receipt or, in the case of notices
      delivered by the Company to you, five (5) days after deposit in the United
      States mail, postage prepaid, addressed to you at the address most recently
      on
      file with the Company.

     

    8.  This
      Option is subject to all the provisions of the Plan, a copy of which is
      available at the Website, and its provisions are hereby made a part of this
      Option, including without limitation the provisions of Section 5 of the Plan,
      and is further subject to all interpretations, amendments, rules and regulations
      which may from time to time be promulgated and adopted pursuant to the Plan.
      In
      the event of any conflict between the provisions of this Option and those of
      the
      Plan, the provisions of the Plan shall control.  This Terms and
      Conditions of Stock Option sets forth the entire understanding between you
      and
      the Company regarding the acquisition of stock in the Company and supersedes
      all
      prior oral and written agreements on that subject with the exception of options
      previously granted and delivered to you under the Plan (including the Prior
      Plans).

     

                IN
      WITNESS WHEREOF, the parties hereunto set their hands as of the date
      the Certificate is accepted on the Website.

     

    NVIDIA
      CORPORATION

     

    Jen-Hsun
      Huang

    President
      and Chief Executive Officer

    

    

     

    GRANTEE

     

    
      	
               

            	 	
              (Acceptance
                designated electronically at the
                Website.)q20810-3committeeservice.htm

     

    
      Exhibit
        10.3

       

       

      
        NVIDIA
          CORPORATION 

        CERTIFICATE
          OF STOCK OPTION GRANT

                                                                                                 2007
          EQUITY INCENTIVE PLAN 

         

         

        Summary
          of Grant Award:

         

        
          
            	 	Granted
                    to:	 
	
                     

                  	
                    Grant
                      Number:

                  	
                     

                  
	
                     

                  	
                    Social
                      Security Number/Global ID:

                  	
                     

                  
	
                     

                  	
                    Grant
                      Date(mm/dd/yyyy):

                  	
                     

                  
	
                     

                  	
                    Expiration
                      Date(mm/dd/yyyy):

                  	
                     

                  
	
                     

                  	 	
                     

                  
	
                     

                  	
                    Shares
                      Granted:

                  	
                     

                  
	
                     

                  	
                    Grant
                      Price:

                  	
                     

                  
	
                     

                  	
                    Grant
                      Type:

                  	
                     

                  

          

        

         

         

        

        Vesting
          Schedule:

         

        
          
            
              	
                       Date
                        of Vest 

                    	
                      Number
                        of Shares Vesting 

                    	
                       Vesting
                        in Period

                    
	
                       

                    	
                       

                    	
                       

                    
	
                       

                    	
                       

                    	
                       

                    
	
                       

                    	
                       

                    	
                       

                    
	
                       

                    	
                       

                    	
                       

                    
	
                       

                    	 	
                       

                    

            

             

             

          

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      NVIDIA
        CORPORATION

      2007
        EQUITY INCENTIVE PLAN

       

        NONSTATUTORY
        STOCK OPTION

    

    (Annual
      Grant - Committee Service)

     

    TERMS
      and CONDITIONS of STOCK OPTION

     

    This
      document sets forth the terms of an Option (the “Option”) granted by NVIDIA
      Corporation, a Delaware corporation (the “Company”), pursuant to its 2007 Equity
      Incentive Plan (the “Plan”). The Option is evidenced by a Certificate of Stock
      Option Grant (“Certificate”) displayed at the website of Smith Barney Stock Plan
      Services or such other third party stock administration provider used by the
      Company from time to time (the “Website”). The Certificate is hereby
      incorporated herein by reference, including without limitation the information
      in the Certificate that specifies the person to whom the Option is granted
      (“you” or “Grantee”), the specific details of the Option, and your automatic
      electronic acceptance of the Certificate at the Website.  Defined
      terms not explicitly defined in this Terms and Conditions of Stock Option but
      defined in the Plan shall have the same definitions as in the Plan.

     

    The
      details of your Option are as follows:

     

    1.  The
      total number of shares of Common Stock subject to this Option is set forth
      in
      the Certificate.  This Option is not intended to qualify and
      will not be treated as an “incentive stock option” within the meaning of
      Section 422 of the Internal Revenue Code of 1986, as amended (the
      "Code").

     

    2.  The
      exercise price of this Option is set forth on the Certificate, and is equal
      to
      the Fair Market Value of the Common Stock on the date of grant of this
      Option.

     

    3.  Subject
      to the limitations contained herein, this Option shall vest and be exercisable
      as follows:

     

    (a)  If
      you have attended at least seventy-five percent (75%) of the regularly scheduled
      meetings of the [Compensation][Audit] Committee of the Board held between the
      date of grant and the one (1)-year anniversary of the date of grant of this
      Option, then this Option shall be fully vested and exercisable on the one
      (1)-year anniversary of the date of grant, subject to your Continuous
      Service.

     

    (b)  If
      your Continuous Service terminates before the one (1)-year anniversary of the
      date of grant due to Disability, then this Option shall immediately vest and
      become exercisable as to that pro rata number of shares subject to the Option
      determined based on the number of full months of Continuous Service between
      the
      date of grant and the termination date.

     

    (c)  Unless
      this Option sooner vests and becomes exercisable as provided in subsections
      3(a)
      or 3(b) above or subsection 3(d) below, and subject to your Continuous Service,
      this Option shall vest over the four (4)-year period following the date of
      grant
      at the rate of ten percent (10%) of the shares subject to this Option on each
      of
      the first three (3) anniversaries of the date of grant of this Option and as
      to
      seventy percent (70%) of the shares subject to this Option on the four (4)-year
      anniversary of the date of grant of this Option, such that this entire Option
      shall be fully vested and exercisable on the four (4)-year anniversary of the
      date of grant of the Option, subject to your Continuous Service.

     

    (d)  If
      your Continuous Service terminates at any time as a result of your death, this
      Option shall be immediately fully vested and exercisable.

    

    (e)  
      Except as otherwise expressly provided in the Plan (including Section 5(g)
      thereof), if your Continuous Service terminates for any reason or for no reason,
      this Option shall be exercisable only to the extent vested on such termination
      date, and shall terminate to the extent not exercised on the earlier of the
      Expiration Date (as defined below) or the date that is twelve (12) months
      following the date of termination.  However, if such termination of
      Continuous Service is due to your death, or if you die within the period in
      which this Option would otherwise be exercisable following your termination
      date, this Option shall terminate to the extent not exercised on the earlier
      of
      the Expiration Date or the date that is eighteen (18) months following the
      date of your death.

     

    4.    (a)  You
      may exercise this Option, to the extent specified above, by delivering a
      notice of exercise (in a form designated by the Company) together with the
      exercise price to the Secretary of the Company, or to such other person as
      the
      Company may designate, during regular business hours, together with such
      additional documents as the Company may then require pursuant to the Plan.
      You
      may exercise this Option only for whole shares.

     

    (b)  You
      may elect to pay the exercise price under one of the following
      alternatives:

     

    (i)            Payment
      in cash or check at the time of exercise;

     

    (ii)            Payment
      pursuant to a program developed under Regulation T as promulgated by the Federal
      Reserve Board that, prior to the issuance of Common Stock subject to this
      Option, results in either the receipt of cash (or check) by the Company or
      the
      receipt of irrevocable instructions issued by you to pay the aggregate exercise
      price to the Company from the sales proceeds; or

     

    (iii)           Provided
      that at the time of exercise the Company's Common Stock is publicly traded
      and
      quoted regularly in the Wall Street Journal, payment by delivery of
      already-owned shares of Common Stock, held for the period required at the time
      of exercise by the Company, and owned free and clear of any liens, claims,
      encumbrances or security interests, which Common Stock shall be valued at its
      Fair Market Value on the date of exercise; or

    

    (iv)           Payment
      by a combination of the methods of payment specified in subparagraphs (i)
      through (iii) above.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (c)   By
      accepting this Option, you
      agree that the Company may require you to enter an arrangement providing for
      the
      cash payment by you to the Company of any tax-withholding obligation of the
      Company relating to this Option, including any such obligation arising by reason
      of the vesting or exercise of this Option. Notwithstanding anything to the
      contrary contained herein, you may not exercise this Option unless the shares
      issuable upon exercise of this Option are then registered under the Securities
      Act, or, if such shares are not then so registered, the Company has determined
      that such exercise and issuance would be exempt from the registration
      requirements of the Securities Act. 

     

    5.  This
      Option is not transferable except (i) by will or by the laws of descent and
      distribution, or (ii) pursuant to a domestic relations order.  You may
      deliver written notice to the Company, in a form satisfactory to the Company,
      pursuant to which you designate a third party who, in the event of your death,
      shall have the right to exercise the Option  on the terms set forth in
      this document.  During your life, this Option is exercisable only by
      you or a transferee satisfying the conditions of this Section 5.  The
      terms of this Option shall be binding upon the transferees, executors,
      administrators, heirs, successors, and assigns of the Grantee.  The
      right of a transferee to exercise the transferred portion of this Option shall
      terminate in accordance with your right of exercise under Section 3 of this
      Option.

     

    6.  The
      term of this Option (“Expiration Date”) is six (6) years measured from the date
      of grant, subject, however, to earlier termination upon your termination of
      Continuous Service, as set forth herein and in the Plan.

     

    7.  Any
      notices provided for in this Option or the Plan shall be given in writing and
      shall be deemed effectively given upon receipt or, in the case of notices
      delivered by the Company to you, five (5) days after deposit in the United
      States mail, postage prepaid, addressed to you at the address most recently
      on
      file with the Company.

     

    8.  This
      Option is subject to all the provisions of the Plan, a copy of which is
      available at the Website, and its provisions are hereby made a part of this
      Option, including without limitation the provisions of Section 5 of the Plan,
      and is further subject to all interpretations, amendments, rules and regulations
      which may from time to time be promulgated and adopted pursuant to the Plan.
      In
      the event of any conflict between the provisions of this Option and those of
      the
      Plan, the provisions of the Plan shall control.  This Terms and
      Conditions of Stock Option sets forth the entire understanding between you
      and
      the Company regarding the acquisition of stock in the Company and supersedes
      all
      prior oral and written agreements on that subject with the exception of options
      previously granted and delivered to you under the Plan (including the Prior
      Plans).

      

    IN
      WITNESS WHEREOF, the parties hereunto set their hands as of the date
      the Certificate is accepted on the Website.

     

    NVIDIA
      CORPORATION

     

    Jen-Hsun
      Huang

    President
      and Chief Executive Officer

     

    

    

    

    GRANTEE

     

    
      	
               

            	 	
              (Acceptance
                designated electronically at the
                Website.)

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