Common Contracts
2 similar Share Option Plan contracts by Spansion Inc.
SAIFUN SEMICONDUCTORS LTD. SHARE OPTION AGREEMENTShare Option Plan • April 1st, 2008 • Spansion Inc. • Semiconductors & related devices
This Option shall become exercisable in number of whole Shares, in equal annual installments over a period of five (5) years following the Vesting Commencement Date (i.e. 20% of the Shares subject to the Option shall vest upon the first, second, third, forth and fifth anniversaries of the Vesting Commencement Date), subject to the Optionee’s continuous engagement with the Company during such time. In no event shall the Option vest and become exercisable for any additional Shares following Optionee’s cessation of engagement with the Company.
SAIFUN SEMICONDUCTORS LTD. SHARE OPTION AGREEMENTShare Option Plan • April 1st, 2008 • Spansion Inc. • Semiconductors & related devices
This Option shall be exercisable in number of whole shares, according to the following vesting schedule: 40% of the Options shall vest upon the second anniversary of the Date of Grant and an additional 20% of the Options shall vest upon the third, forth and fifth anniversaries of the Date of Grant, subject to Optionee’s continuing to be an employee of the Company on each such dates, so that at the end of five (5) years from the Date of Grant all the Options hereof shall be exercisable (fully vested).
