Common use of Stock Option Grant Clause in Contracts

Stock Option Grant. Subject to approval by the Board (or a committee thereof), the Company will grant the Executive a stock option (the “Option”) to purchase shares determined by the Board of Directors of the Company’s common stock at a price per share not less than the per-share fair market value of the common stock on the date of grant, as reasonably determined by the Board (or a committee thereof). The Option will vest with respect to twenty- five percent (25%) of the shares subject to the Option on the first anniversary of the grant date of the Option. The remaining seventy-five percent (75%) of the shares subject to the Option will vest in 24 months substantially equal monthly installments thereafter. In each case, the vesting of the Option is subject to the Executive’s continued employment by the Company through the respective vesting date. The maximum term of the Option will be ten (10) years, subject to earlier termination upon the termination of the Executive’s employment with the Company, a change in control of the Company and similar events. The Option shall be intended as an “incentive stock option” under Section 422 of the Internal Revenue Code, as amended (the “Code”), subject to the terms and conditions of Section 422 of the Code (including, without limitation, the Code limitation on the number of options that may become exercisable in any given year and still qualify as such an incentive stock option). The Option shall be granted under the Company’s Performance Incentive Plan and shall be subject to such further terms and conditions as set forth in the Company’s standard form of award agreement for stock options granted under the plan.

Stock Option Grant. Subject to approval by the Board (or a committee thereof), the Company will grant the Executive a stock option (the “Option”) to purchase 350,000 shares determined by the Board of Directors of the Company’s common stock at a price per share not less than the per-share fair market value of the common stock on the date of grant, as reasonably determined by the Board (or a committee thereof). [The Option will vest with respect to twenty- twenty-five percent (25%) of the shares subject to the Option on the first anniversary of the grant date of the Option. The remaining seventy-five percent (75%) of the shares subject to the Option will vest in 24 months substantially equal monthly installments thereafter. In each case, the vesting of the Option is subject to the Executive’s continued employment by the Company through the respective vesting date. The maximum term of the Option will be ten (10) years, subject to earlier termination upon the termination of the Executive’s employment with the Company, a change in control of the Company and similar events. The Option shall be intended as an “incentive stock option” under Section 422 of the Internal Revenue Code, as amended (the “Code”), subject to the terms and conditions of Section 422 of the Code (including, without limitation, the Code limitation on the number of options that may become exercisable in any given year and still qualify as such an incentive stock option). The Option shall be granted under the Company’s 2012 Performance Incentive Plan and shall be subject to such further terms and conditions as set forth in the Company’s standard form of award agreement for stock options granted under the plan.

Stock Option Grant. Subject to approval by In consideration of the Board (or a committee thereof)promises made in this Agreement, the Company including those set forth in Sections 2 and 4, NetIQ will grant the Executive a stock an option (the “New Option”) to purchase 1,000,000 shares determined by the Board of Directors of the Company’s common stock at a Common Stock. The New Option will have an exercise price per share not less than equal to the per-share fair market value of the common stock NetIQ Common Stock as of the close of trading on the last trading day for such Common Stock preceding the date of grant (which date will be the date the Committee approves the New Option). The New Option will be vested and exercisable on the date of grant as to twenty percent (20%) of the total shares subject thereto, and the remainder of the New Option shares will vest and become exercisable as to ten percent (10%) of the total shares at the end of each three-month period following the date of grant, as reasonably determined by so that, assuming Executive’s continued service with NetIQ throughout the Board (or a committee thereof). The vesting period, the New Option will vest with respect be fully vested and exercisable as to twenty- five percent (25%) 100% of the shares subject to the Option thereto on the first second anniversary of the grant date of the Optiongrant. The remaining seventy-five percent (75%) of the shares subject to the Option will vest in 24 months substantially equal monthly installments thereafter. In each case, the vesting of the Option is subject to the Executive’s continued employment by the Company through the respective vesting date. The maximum term of the New Option will be ten (10) years, subject to earlier termination upon the termination of the Executive’s employment with the Company, a change in control of the Company nonstatutory stock option and similar events. The Option shall will be intended as an “incentive stock option” under Section 422 of the Internal Revenue Code, as amended (the “Code”), subject to governed by the terms and conditions of Section 422 provisions of the Code (including, without limitation, the Code limitation on the number of options that may become exercisable in any given year and still qualify as such an incentive stock option). The Option shall be granted under the Company’s Performance Incentive NetIQ Corporation 1995 Stock Plan and shall be subject its standard form of stock option agreement under such Plan; provided, however, that notwithstanding any terms to the contrary in such further terms documents, Executive will have two (2) years from the date his service relationship with NetIQ terminates for any reason and conditions as under any circumstances to exercise the vested New Option shares and, provided further, however, that he will have the additional rights with respect to the New Option set forth in the Company’s standard form of award agreement for stock options granted under the planSection 5(c) below.

Stock Option Grant. Subject to approval by the Board (or a committee thereof), the Company will grant the Executive a stock option (the “"Option”") to purchase 592,000 shares determined by the Board of Directors of the Company’s 's common stock at a price per share not less than the per-share fair market value of the common stock on the date of grant, as reasonably determined by the Board (or a committee thereof). [The Option will vest with respect to twenty- twenty-five percent (25%) of the shares subject to the Option on the first anniversary of the grant date of the Option. The remaining seventy-five percent (75%) of the shares subject to the Option will vest in 24 months substantially equal monthly installments thereafter. In each case, the vesting of the Option is subject to the Executive’s 's continued employment by the Company through the respective vesting date. The maximum term of the Option will be ten (10) years, subject to earlier termination upon the termination of the Executive’s 's employment with the Company, a change in control of the Company and similar events. The Option shall be intended as an “"incentive stock option” " under Section 422 of the Internal Revenue Code, as amended (the “"Code”"), subject to the terms and conditions of Section 422 of the Code (including, without limitation, the Code limitation on the number of options that may become exercisable in any given year and still qualify as such an incentive stock option). The Option shall be granted under the Company’s 's 2012 Performance Incentive Plan and shall be subject to such further terms and conditions as set forth in the Company’s 's standard form of award agreement for stock options granted under the plan.

Stock Option Grant. Subject to approval by the Board (or a committee thereof), the Company will grant the Executive a stock option (the “Option”) to purchase 3,000,000 shares determined by the Board of Directors of the Company’s common stock at a price per share not less than the per-share fair market value of the common stock on the date of grant, as reasonably determined by the Board (or a committee thereof). The Option will vest with respect to twenty- five thirty-three and one-third percent (25%33 ⅓%) of the shares subject to the Option on the first anniversary of the grant date of the Option. The remaining seventysixty-five six and two-thirds percent (75%66 ⅔%) of the shares subject to the Option will vest in 24 months twenty-four (24) substantially equal monthly installments thereafter. In each case, the vesting of the Option is subject to the Executive’s continued employment by the Company through the respective vesting date. The maximum term of the Option will be ten (10) years, subject to earlier termination upon the termination of the Executive’s employment with the Company, a change in control of the Company and similar events. The Option shall be intended as an “incentive stock option” under Section 422 of the Internal Revenue Code, as amended (the “Code”), subject to the terms and conditions of Section 422 of the Code (including, without limitation, the Code limitation on the number of options that may become exercisable in any given year and still qualify as such an incentive stock option). The Option shall be granted under a long-term incentive plan to be adopted by the Company and submitted for approval by the Company’s Performance Incentive Plan stockholders, and shall be subject to such further terms and conditions as set forth in the Company’s standard form of award agreement for stock options granted under the plan.