SHARE OPTION AGREEMENT AND
AMENDMENT OF THE LABOUR AGREEMENT
Ciao GmbH
Xxxxxxxxxxxxxx 000
00000 Xxxxxxx
And
Herrn
Xxxxxxx Xxxxxxxx
Sonnenstra(beta)e 23 d
86923 Finning
-hereinafter referred to as "Employee"
PREAMBLE
The Employee is employed with Ciao GmbH, formerly Ciao AG, since 16.09.2004 as
Leader Media Sales. Ciao is a subsidiary of Greenfield Online Inc (hereinafter
referred to as "Greenfield "). Ciao and Greenfield intend to implement a share
option programme and grant their employees the option to purchase Greenfield's
common stock.
Besides the parties agree on an extension of the notice period.
I. SHARE OPTIONS
The Employee has been granted options to purchase 10.000 shares pursuant
to the terms of the Greenfield's 2004 Equity Incentive Plan. These options
will have an exercise price of $13.75. They will have a 7-year term and
will vest according to the following schedule: 25% will vest on December
31, 2005, and 12.5% will vest on each 6-month anniversary thereafter.
II. NOTICE PERIOD
The notice period for both parties shall be 6 months to the end of month.
If the period of notice that the Company has to observe is lengthened by
statutory regulations, this prolongation shall also apply to the Employee.
1
III. VALIDITY OF LABOUR CONTRACT
The rest of the terms and conditions stipulated in the Terms and Conditions of
Employment, dated 15.06.2004, will remain unaffected.
Munich, July 8, 2005
/s/ Xxxxxxxxxx Xxxxxxxxxxx /s/ Xxxxxx Xxxxxxx
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Ciao GmbH Ciao GmbH
Munich, July 8, 2005
/s/ Xxxxxxx Xxxxxxxx
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