Document:

SonicWALL, Inc. 1998 Stock Option Plan Amendment

 EXHIBIT 10.5 
  
 [FORM OF EXECUTIVE OFFICER AGREEMENT] 
  
 SONICWALL, INC. 
  
 STOCK OPTION AGREEMENT 
  
 Unless otherwise defined herein, the terms defined in the SonicWALL, Inc.
1998 Stock Option Plan (the “Plan”) shall have the same defined meanings in this Stock Option Agreement (the “Option Agreement”). 
  
 Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Option Agreement. 
  
 I. NOTICE OF GRANT 
  
 [Optionee’s Name and Address] 
  
 You have been granted an option to purchase Common Stock of the Company,
subject to the terms and conditions of the Plan and this Option Agreement, as follows: 
  

			
	 Grant Number
	  	__________________________________________
		
	 Grant Date
	  	__________________________________________
		
	 Vesting Commencement Date
	  	__________________________________________
		
	 Exercise Price per Share
	  	$ _________________________________________
		
	 Total Number of Shares Granted
	  	__________________________________________
		
	 Total Exercise Price
	  	$ _________________________________________
		
	 Type of Option:
	  	         Incentive Stock Option
		
	 	  	         Nonstatutory Stock Option
		
	 Term/Expiration Date:
	  	__________________________________________

 Vesting Schedule: 
  
 Subject to accelerated vesting as set forth in duly authorized written agreements by and between Optionee and the Company,
if any, this Option may be exercised, in whole or in part, in accordance with the following schedule: 
  
 [New Hire vesting schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Commencement Date, and 1/48 of
the Shares subject to the Option shall vest each month thereafter, subject to the Optionee remaining in Continuous Employment on such dates]. 
  
 OR 
  
 [Existing Employee vesting schedule: 1/48 of the Shares subject to the Option shall vest each month after the Vesting Commencement Date, subject
to the Optionee remaining in Continuous Employment on such dates] 
  
 II.
AGREEMENT 
  
 1. Grant of Option. 

 
 The Board hereby grants to the Optionee (the “Optionee”) named
in the Notice of Grant section of this Agreement (the “Notice of Grant”), an option (the “Option”) to purchase the number of Shares set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of
Grant (the “Exercise Price”), subject to the terms and conditions of the Plan (which is incorporated herein by reference) and this Option Agreement. In the event of a conflict between the terms and conditions of the Plan and the terms and
conditions of this Option Agreement, the terms and conditions of the Plan shall prevail. 
  
 If designated in the Grant Notice as an Incentive Stock Option (“ISO”), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to
be an Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonstatutory Stock Option (“NSO”). 
  
 2. Exercise of Option. 
  
 (a) Right to Exercise. This Option is exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Grant and the
applicable provisions of the Plan and this Option Agreement, subject to Optionee’s Continuous Employment on each vesting date. 
  
 (b) Post-Termination Exercise Period. Subject to any extended post-termination exercise period set forth in duly authorized written agreements by
and between Optionee and the Company, this Option’s post-termination exercise period is as follows: 
  
 (i) Normal Termination. If Optionee’s service as a Consultant ceases, or, except as specified in Sections 2(b) and (c) below, if
Optionee’s Continuous Employment ceases, this Option may be exercised, but only to the extent vested on the date of such cessation of Continuous Employment or service as a Consultant, until the earlier of (i) three months after the date upon
which Optionee ceases his or her Continuous Employment or service as a Consultant, or (ii) the original ten-year Option term. 
  
 (ii) Death. If Optionee’s Continuous Employment ceases upon Optionee’s death or within the 90-day period preceding Employee’s
death, this Option may be exercised, but 
  

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 only to the extent vested on the date of such cessation of Continuous Employment, by the Optionee’s estate or by a
person who acquired the right to exercise this Option by bequest or inheritance, until the end of the original ten-year Option term.  
  
 (iii) Disability. If Optionee’s Continuous Employment ceases upon Optionee’s Disability (as defined in the next sentence) or within the
90-day period preceding Employee’s Disability, this Option may be exercised, but only to the extent vested on the date of such cessation of Continuous Employment, until the earlier of (i) six months after the date upon which Optionee ceases his
or her Continuous Employment, or (ii) the original ten-year Option term. For the purposes of this Agreement, “Disability” means the Optionee has been unable to perform with reasonable accommodation his or her duties with the Company
as the result of Optionee’s incapacity due to physical or mental illness, and such inability, at least 26 weeks after its commencement, is determined to be total and permanent by a physician selected by the Company or its insurers and
acceptable to the Optionee or the Optionee’s legal representative (such agreement as to acceptability not to be unreasonably withheld). 
  
 (c) Leave of Absence. If you are granted a leave of absence, you shall be deemed to be in the employ of the Company, except that you may not
exercise an option during such leave of absence, unless otherwise required by applicable laws or as permitted by the Committee. 
  
 (d) Method of Exercise. This option may be exercised with respect to all or any part of any vested Shares by giving the Company, Smith Barney, or
any successor third-party stock option plan administrator designated by the Company written or electronic notice of such exercise, in the form designated by the Company or the Company’s designated third-party stock option plan administrator,
specifying the number of shares as to which this option is exercised and accompanied by payment of the aggregate Exercise Price as to all exercised shares. 
  
 This Option shall be deemed to be exercised upon receipt by the Company, Smith Barney, or any successor third-party stock option plan administrator
designated by the Company of such fully executed exercise notice accompanied by such aggregate Exercise Price. 
  
 No Shares shall be issued pursuant to the exercise of this Option unless such issuance and exercise complies with applicable laws. Assuming such
compliance, for income tax purposes the exercised shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such exercised shares. 
  
 (e) Payment of Exercise Price. Payment of the aggregate exercise price shall be by any of the following, or a
combination thereof, at the election of the Optionee: 
  
 (i)
cash; or 
  
 (ii) check; or 
  
 (iii) consideration received by the Company under a cashless exercise
program implemented by the Company in connection with the Plan. 
  

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 3. Non-Transferability of Option. 
  
 This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be
exercised during the lifetime of Optionee only by the Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. 
  
 4. Term of Option. 
  
 This Option may be exercised only within the term set out in the Notice of
Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement. 
  
 5. Tax Consequences. 
  
 Some of the federal tax consequences relating to this Option, as of the date of this Option, are set forth below. THIS SUMMARY IS NECESSARILY INCOMPLETE,
AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. THE OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES. 
  
 (a) Exercising the Option. 
  
 (i) Nonstatutory Stock Option. The Optionee may incur regular federal income tax liability upon exercise of a Nonstatutory Stock Option. The
Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value of the exercised shares on the date of exercise over their aggregate Exercise Price. If the
Optionee is an Employee or a former Employee, the Company will be required to withhold from his or her compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation
income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise. 
  
 (ii) Incentive Stock Option. If this Option qualifies as an ISO, the Optionee will have no regular federal income
tax liability upon its exercise, although the excess, if any, of the fair market value of the exercised shares on the date of exercise over their aggregate Exercise Price will be treated as an adjustment to alternative minimum taxable income for
federal tax purposes and may subject the Optionee to alternative minimum tax in the year of exercise. In the event that the Optionee ceases to be an Employee and immediately thereafter becomes a Consultant, any Incentive Stock Option of the Optionee
that remains unexercised shall cease to qualify as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option on the date three (3) months and one (1) day following such change of status. 
  
 (b) Disposition of Shares. 
  
 (i) NSO. If the Optionee holds NSO Shares for at least one year, any
gain realized on disposition of the Shares will be treated as long-term capital gain for federal income tax purposes. 
  

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 (ii) ISO. If the Optionee holds ISO Shares for at least one year after exercise and two years
after the grant date, any gain realized on disposition of the Shares will be treated as long-term capital gain for federal income tax purposes. If the Optionee disposes of ISO Shares within one year after exercise or two years after the grant date,
any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the lesser of (A) the difference between the fair market value of the Shares acquired on the date
of exercise and the aggregate Exercise Price, or (B) the difference between the sale price of such Shares and the aggregate Exercise Price. Any additional gain will be taxed as capital gain, short-term or long-term depending on the period that the
ISO Shares were held. 
  
 (iii) Notice of Disqualifying
Disposition of ISO Shares. If the Optionee sells or otherwise disposes of any of the Shares acquired pursuant to an ISO on or before the later of (i) two years after the grant date, or (ii) one year after the exercise date, the Optionee shall
immediately notify the Company in writing of such disposition. 
  
 6. Entire Agreement; Governing Law. 
  
 The Plan
is incorporated herein by reference. The Plan and this Option Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and
Optionee with respect to the subject matter hereof, and may not be modified adversely to the Optionee’s interest except by means of a writing signed by the Company and Optionee. This agreement is governed by the internal substantive laws, but
not the choice of law rules, of California. 
  
 By your signature
and the signature of the Company’s representative below, you and the Company agree that this Option is granted under and governed by the terms and conditions of the Plan and this Option Agreement. Optionee has reviewed the Plan and this Option
Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all provisions of the Plan and this Option Agreement. Optionee hereby agrees to accept as binding, conclusive
and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Option Agreement. Optionee further agrees to notify the Company upon any change in the residence address indicated below. 
  

			
	OPTIONEE:	 	SONICWALL, INC.
	  
  

	 	  
  

	Signature	 	By
	  
  

	 	  
  

	Print Name	 	Title
	  
  

	 	 
	Residence Address	 	 

  

 5Form of Stock Option Award Agreement issued to Directors of the Co.

  
 Exhibit 10.1

  
 CORINTHIAN COLLEGES, INC. 
 2003 PERFORMANCE AWARD PLAN 
 DIRECTOR
STOCK OPTION AGREEMENT 
  
 THIS DIRECTOR STOCK OPTION
AGREEMENT (this “Option Agreement”) by and between CORINTHIAN COLLEGES, INC., a Delaware corporation (the “Corporation”), and
                                        
                     (the “Director”) evidences the stock option (the “Option”) granted by the Corporation to
the Director as to the number of shares of the Corporation’s Common Stock first set forth below. 
  

										
				
	Number of Shares of Common Stock:1	 	 	_________	  	 	  	Award Date:
                                        
              
					
	Exercise Price per Share:1	 	$	                    	  	 	  	Expiration Date:1,2	  	__________________
		
	 Vesting1,2,3 The Option is 100% vested as of the Award Date.
	  	 

  
 The Option is granted
under the Corinthian Colleges, Inc. 2003 Performance Award Plan (the “Plan”) and subject to the Terms and Conditions of Director Stock Option (the “Terms”) attached to this Option Agreement (incorporated herein by
this reference) and to the Plan. The Option has been granted to the Director in addition to, and not in lieu of, any other form of compensation otherwise payable or to be paid to the Director. The Option is not and shall not be deemed to be an
incentive stock option within the meaning of Section 422 of the Code. Capitalized terms are defined in the Plan if not defined herein. The parties agree to the terms of the Option set forth herein. The Director acknowledges receipt of a copy of the
Terms and the Plan. 
  

									
	“DIRECTOR”	 	 	 	 CORINTHIAN COLLEGES, INC.,
 a Delaware corporation

				
	 	 	 	 	By:	 	 
	Signature	 	 	 	 	 	 
				
	 	 	 	 	 Its:
	 	 
	Print Name	 	 	 	 	 	 

  

	1.	Subject to adjustment under Section 6.3 of the Plan. 

  

	2.	Subject to earlier termination as provided in Section 4 of the Terms. 

  

	3.	Note that the Option generally will not be exercisable, even though vested, until the first anniversary of the Award Date pursuant to Section 1 of the Terms.

  

  
 TERMS AND CONDITIONS OF
DIRECTOR STOCK OPTION 
  

	1.	Vesting; Limits on Exercise. 

  
 As set forth on the cover page of this Option Agreement, the Option is vested as of the Award Date. However, no portion of the Option may be exercised
until the first anniversary of the Award Date; provided, however, that such one-year exercise limitation shall not apply in the event of (1) a dissolution of the Corporation or other event described in Section 6.3 of the Plan that the Corporation
does not survive (or does not survive as a public company in respect of its Common Stock), or (2) a Change in Control Event in connection with which options granted under the Plan and then outstanding generally become vested (or are vested) pursuant
to Section 6.3.3 of the Plan. 
  

	 	•	Exercisability. To the extent that the Option is vested and exercisable pursuant to the foregoing, the Director has the right to exercise the Option (to the extent not
previously exercised), and such right shall continue until the expiration or earlier termination of the Option. 

  

	 	•	No Fractional Shares. Fractional share interests shall be disregarded, but may be cumulated. 

  

	 	•	Minimum Exercise. No fewer than 1001
shares of Common Stock may be purchased at any one time, unless the number purchased is the total number at the time exercisable under the Option. 

  

	2.	No Service Commitment. 

  
 The Option confers no rights to continued service as set forth in Section 6.1 of the Plan. 
  

	3.	Method of Exercise of Option. 

  
 The Option shall be exercisable by the delivery to the Secretary of the Corporation (or such other person as the Committee may require pursuant to such
administrative exercise procedures as the Committee may implement from time to time) of: 
  

	 	•	a written notice stating the number of shares of Common Stock to be purchased pursuant to the Option or by the completion of such other administrative exercise procedures as the
Committee may require from time to time, 

  

	 	•	payment in full for the Exercise Price of the shares to be purchased in cash, check or by electronic funds transfer to the Corporation or (subject to compliance with all applicable
laws, rules, regulations and listing requirements) in shares of Common Stock already owned by the Director, valued at their Fair Market Value on the exercise date, provided, however, that any shares initially acquired upon exercise of
a stock option or otherwise from the Corporation must have been owned by the Director for at least six (6) months before the date of such exercise; and 

  

	 	•	any written statements or agreements required pursuant to Section 6.4 of the Plan. 

  
 The Committee also may, but is not required to, authorize a non-cash payment alternative by notice and third party payment in such manner as
may be authorized by the Committee. 
  

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	4.	Early Termination of Option; Change in Control Event. 

  
 4.1 General. Notwithstanding any other provision of this Option Agreement or of the Plan, the Option, to the extent not previously exercised, and
all other rights hereunder, whether vested and exercisable or not, shall terminate and become null and void prior to the Expiration Date in the event of: 
  

	 	•	the termination of the Director’s services as provided in Section 4.2 hereof, or 

  

	 	•	the termination of the Option pursuant to Section 6.3 of the Plan. 

  
 4.2 Termination of Directorship. If the Director’s services as a member of the Board terminate (regardless of the reason), such termination
shall have the following effect on the Option: 
  

	 	•	if the termination is the result of the Director’s death or Total Disability, the Option shall remain exercisable until the earlier of (a) the later of one year after the date
of such termination or ninety (90) days after the date the Option first becomes exercisable pursuant to Section 1, (b) the Expiration Date, or (c) the termination of the Option pursuant to Section 6.3 of the Plan; 

  

	 	•	if the termination is for any reason other than the Director’s death or Total Disability, the Option shall remain exercisable until the earlier of (a) ninety (90) days after
the later of the date of such termination or the date the Option first becomes exercisable pursuant to Section 1, (b) the Expiration Date, or (c) the termination of the Option pursuant to Section 6.3 of the Plan; and 

  

	 	•	in any event, the Option, to the extent not exercised at the end of the applicable period set forth above, shall terminate at the end of such period. 

  
 The foregoing provisions of this Section 4.2 apply notwithstanding anything to the contrary
in Section 6.2.1, 6.2.2, or 6.2.3 of the Plan to the contrary. 
  

	5.	Non-Transferability. 

  
 The Option and any other rights of the Director under this Option Agreement or the Plan are nontransferable and exercisable only by the Director, except
as set forth in Section 1.8 of the Plan. 
  

	6.	Notices. 

  
 Any notice to be given under the terms of this Option Agreement or the Exercise Agreement shall be in writing and addressed to the Corporation at its
principal office to the attention of the Secretary, and to the Director at the address given beneath the Director’s signature hereto, or at such other address as either party may hereafter designate in writing to the other. Any such notice
shall be delivered in person or shall be enclosed in a properly sealed envelope, addressed as aforesaid, registered or certified, and deposited (postage and registry or certification fee prepaid) in a post office or branch post office regularly
maintained by the United States Government. Any such notice shall be given only when received, but if the Director is no longer a member of the Board, shall be deemed to have been duly given as of the date mailed in accordance with the foregoing
provisions of this Section 6. 
  

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	7.	Plan. 

  
 The Option and all rights of the Director under this Option Agreement are subject to, and the Director agrees to be bound by, all of the terms and
conditions of the Plan, incorporated herein by this reference. In the event of a conflict or inconsistency between the terms and conditions of this Option Agreement and of the Plan, the terms and conditions of the Plan shall govern. The Director
acknowledges receipt of a copy of the Plan and agrees to be bound by the terms thereof and of this Option Agreement. The Director acknowledges reading and understanding the Plan and this Option Agreement. Unless otherwise expressly provided in other
sections of this Option Agreement, provisions of the Plan that confer discretionary authority on the Board or the Committee do not and shall not be deemed to create any rights in the Director unless such rights are expressly set forth herein or are
otherwise in the sole discretion of the Board or the Committee so conferred by appropriate action of the Board or the Committee under the Plan after the date hereof. 
  

	8.	Entire Agreement. 

  
 This Option Agreement (including these Terms) and the Plan together constitute the entire agreement and supersede all prior understandings and agreements,
written or oral, of the parties hereto with respect to the subject matter hereof. The Plan and this Option Agreement may be amended pursuant to Section 6.6 of the Plan. Such amendment must be in writing and signed by the Corporation. The Corporation
may, however, unilaterally waive any provision hereof in writing to the extent such waiver does not adversely affect the interests of the Director hereunder, but no such waiver shall operate as or be construed to be a subsequent waiver of the same
provision or a waiver of any other provision hereof. 
  
 9. Governing Law;
Limited Rights. 
  
 9.1. Delaware Law. This
Option Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware without regard to conflict of law principles thereunder. 
  
 9.2. Limited Rights. The Director has no rights as a stockholder of the Corporation with respect to the Option as set
forth in Section 6.7 of the Plan. 
  

	10.	Effect of this Agreement. 

  
 Subject to the Corporation’s right to terminate the Option pursuant to Section 6.3 of the Plan, this Option Agreement shall be assumed by, be binding
upon and inure to the benefit of any successor or successors to the Corporation. 
  

	11.	Counterparts. 

  
 This Option Agreement may be executed simultaneously in any number of counterparts, each of which shall be deemed an original but all of which together
shall constitute one and the same instrument. 
  

	12.	Section Headings. 

  
 The section headings of this Option Agreement are for convenience of reference only and shall not be deemed to alter or affect any provision hereof.

  
 (Remainder of Page Intentionally Left Blank) 
  

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