SEC Contract Filing

Filing Date: 2017-02-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.8
<SEQUENCE>2
<FILENAME>directoroptionagreement3.htm
<DESCRIPTION>EXHIBIT 10.8
<TEXT>
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<div><a name="s480A6DD0BEEA04F83ED367EE51015A6C"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.8</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOTICE OF STOCK OPTION GRANT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">OBALON THERAPEUTICS INC. 2016 EQUITY INCENTIVE PLAN</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Unless otherwise defined herein, the terms defined in the Obalon Therapeutics Inc. (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Company</font><font style="font-family:inherit;font-size:11pt;">&#8221;) 2016 Equity Incentive Plan (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Plan</font><font style="font-family:inherit;font-size:11pt;">&#8221;) shall have the same meanings in this Notice of Stock Option Grant (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Notice of Grant</font><font style="font-family:inherit;font-size:11pt;">&#8221;) and the attached Stock Option Agreement, including any special terms and conditions for your country set forth in the appendix attached thereto (collectively, the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Option Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;). You have been granted an Option to purchase shares of Common Stock of the Company under the Plan subject to the terms and conditions of the Plan, this Notice of Grant and the Option Agreement.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Name:&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">&#160;&#160;&#160;&#160; </font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Date of Grant</font><font style="font-family:inherit;font-size:11pt;">:&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">&#160;&#160;&#160;&#160; </font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Vesting Commencement Date</font><font style="font-family:inherit;font-size:11pt;">:&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">&#160;&#160;&#160;&#160; </font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exercise Price per Share</font><font style="font-family:inherit;font-size:11pt;">:&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">&#160;&#160;&#160;&#160; </font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Total Number of Shares</font><font style="font-family:inherit;font-size:11pt;">:&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">&#160;&#160;&#160;&#160; </font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Type of Option</font><font style="font-family:inherit;font-size:11pt;">:&#160;&#160;&#160;&#160;_____ Non-Qualified Stock Option</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:216px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">_____ Incentive Stock Option</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:13px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Expiration Date</font><font style="font-family:inherit;font-size:11pt;">:</font></div></td><td style="vertical-align:top;padding-left:168px;"><div style="line-height:120%;text-align:justify;font-size:11pt;text-indent:-168px;"><font style="font-family:inherit;font-size:11pt;">_____________; this Option expires earlier if your Service terminates earlier, as described in the Option Agreement.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Vesting Schedule; Acceleration</font><font style="font-family:inherit;font-size:11pt;">: </font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This Opti