Common use of Equity Award Clause in Contracts

Equity Award. Upon joining the Company, and subject to approval by the Company’s Board of Directors, you will be eligible to receive a stock option to purchase 100,000 shares of common stock. The purchase price per share will be equal to the fair market value of the Company’s common stock on the date of grant. Twenty-five percent (25%) of the shares subject to the option will vest on the one year anniversary of the vesting commencement date, December 5th, 2019, and the remainder will vest in equal monthly installments thereafter over the next thirty-six (36) months, subject to your continued service with the Company. The terms of the option will be governed by the Company’s 2020 Equity Incentive Plan (the “Plan”) and an option award agreement between you and the Company.

Equity Award. Upon joining the Company, and subject to approval by the Company’s Board of Directors, you will be eligible to receive a stock option grant to purchase 100,000 415,000 shares of the Company’s common stockstock (the “Options”), pursuant to the Company’s 2020 Equity Incentive Plan (the “Plan”). The purchase price per share of the Options will be equal to the fair market value of the Company’s common stock on the date of grant. Twenty-five percent (25%) of the shares subject to the option Options will vest on the one one-year anniversary of the vesting commencement date, December 5th, 2019, your Start Date and the remainder will vest in equal monthly installments thereafter over the next thirty-six (36) months, subject to your continued service Continued Service (as defined in the Plan) with the CompanyCompany through each such vesting date. The terms of the option Options will be governed by the Company’s 2020 Equity Incentive Plan (and the “Plan”) and an applicable option award agreement between you and the Company.