Document:

nonstatequityplan2007.htm

    Exhibit
10.20

    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:

    

    
      	 
      Number of Shares Vesting on
      Date
	 
      
	 
      
	 
      

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    NVIDIA
CORPORATION

     

    2007
EQUITY INCENTIVE PLAN

     

    

     

    NONSTATUTORY
STOCK OPTION

     

    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 Charles Schwab &
Co., Inc. 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)  The Option will
vest and become exercisable with respect to each installment set forth in the
Certificate as of the date of vesting applicable to such installment as set
forth in the Certificate; provided, however, that if
the Grantee’s full-time schedule is reduced to a part-time schedule, then, to
the extent permitted by local law, the Company reserves the right to
unilaterally modify the rate at which this Option will vest, so that the rate of
vesting is commensurate with the reduced work schedule, in accordance with the
Company’s then-applicable policy on part-time employee vesting, with such
modification made in the sole discretion of the Company..

     

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

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (c)  Except as
otherwise expressly provided in the Plan (including Section 5(g) of the Plan),
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 ninety (90) days following the date
of termination.  However, if your termination of Continuous Service is
due to your Disability, this Option shall terminate to the extent not exercised
on the earlier of the Expiration Date 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.    Nothing
herein confers upon you any right to continue to serve the Company or an
Affiliate in any capacity or interferes with the right of the Company or an
Affiliate to terminate your service with or without cause and with or without
notice.

    

    9.  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.)isoequityplan2007.htm

    Exhibit
10.21

    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:

    

    
      	 
      Number of Shares Vesting on
      Date
	 
      
	 
      
	 
      

    

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    NVIDIA
CORPORATION

     

    2007
EQUITY INCENTIVE PLAN

     

    

     

    INCENTIVE
STOCK OPTION

     

    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 Charles Schwab &
Co., Inc. 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 intended to qualify and will be treated
as an “incentive stock option” within the meaning of Section 422 of the Internal
Revenue Code of 1986, as amended, (the “Code”) to the greatest extent permitted
by applicable law, and any portion not qualifying as an incentive stock option
shall be treated as a non-statutory stock option.

     

    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)  The
Option will vest and become exercisable with respect to each installment set
forth in the Certificate as of the date of vesting applicable to such
installment as set forth in the Certificate; provided, however, that if
the Grantee’s full-time schedule is reduced to a part-time schedule, then, to
the extent permitted by local law, the Company reserves the right to
unilaterally modify the rate at which this Option will vest, so that the rate of
vesting is commensurate with the reduced work schedule, in accordance with the
Company’s then-applicable policy on part-time employee vesting, with such
modification made in the sole discretion of the Company.

     

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

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

          

     

            
(c)  Except as otherwise expressly provided in the Plan
(including Section 5(g) of the Plan), 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
ninety (90) days following the date of termination.  However, if your
termination of Continuous Service is due to your Disability, this Option shall
terminate to the extent not exercised on the earlier of the Expiration Date 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.

     

           (d)  To
the extent that this Option is otherwise intended to be treated as an incentive
stock option, note that to obtain the federal income tax advantages associated
with an incentive stock option, the Code requires that at all times beginning on
the date of grant of your Option and ending on the date that is three (3) months
before the date of your Option’s exercise, you must be an employee of the
Company or an affiliate, except in the event of your death or
Disability.  To the extent that the Company has provided for extended
exercisability of your Option under certain circumstances for your benefit, the
Company cannot guarantee that your Option will necessarily be treated as an
incentive stock option if you continue to provide services to the Company or an
affiliate after your employment terminates or if you otherwise exercise your
Option more than three (3) months after the date your employment with the
Company or an affiliate terminates. 

     

    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. 

     

           (d)  By
accepting this Option, you agree that you will notify the Company in writing
within fifteen (15) days after the date of any disposition of any of the shares
issued upon exercise of your Option that occurs within two (2) years after the
Grant Date or within one (1) year after such shares are transferred upon
exercise of your Option.

     

    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.   Note that if this Option is transferred pursuant to a
domestic relations order, the Option may cease to qualify as an “incentive stock
option” and may be deemed a non-statutory stock option as a result of any such
transfer.

     

    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.    Nothing
herein confers upon you any right to continue to serve the Company or an
Affiliate in any capacity or interferes with the right of the Company or an
Affiliate to terminate your service with or without cause and with or without
notice.

    

    9.  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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