Exhibit 10.2
XXXX, INC.
OPTION AGREEMENT
Notice is hereby given of the following option grant (the "Option") to
purchase shares of Common Stock of Xxxx, Inc. (the "Company") to the undersigned
individual. Capitalized terms used but not otherwise defined herein shall have
the same meanings given them in the Xxxx, Inc. 2007 Equity Incentive Plan (the
"Plan"). The terms of the Option are as follows:
Optionee:
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Option Grant Date:
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Exercise Price: $( )
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Number of Option Shares:
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Option Expiration Date:
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Type of Option:
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Option Subject to Plan.
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The Optionee acknowledges and agrees that this
Option is subject to the terms and conditions of the Plan, which are
incorporated herein by reference. The Optionee hereby acknowledges that he or
she has previously been provided with a copy of the Plan.
Exercise of Option.
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This Option must be exercised by signing and
delivering to the Company an Option Exercise Form, a copy of which may be
obtained from the Company. During the lifetime of the Optionee, this Option
shall be exercisable only by the Optionee and shall not be assignable or
transferable other than by will or by the laws of descent and distribution
following the Optionee's death.
TRANSFER RESTRICTIONS.
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THE OPTIONEE HEREBY ACKNOWLEDGES AND AGREES
THAT THIS OPTION IS SUBJECT TO CERTAIN TRANSFER RESTRICTIONS SPECIFIED IN THE
PLAN.
No Employment or Service Contract.
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Nothing in this Notice or in the Plan
shall confer upon the Optionee any right to continue in Service for any period
of specific duration or interfere with or otherwise restrict in any way the
rights of the Company (or any Parent or Subsidiary employing or retaining the
Optionee) or of the Optionee to terminate the Optionee's Service at any time for
any reason, with or without cause.
XXXX, INC.
By:
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OPTIONEE
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