Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / form-of-stock-option-agreement.docx
form-of-stock-option-agreement.docx
Parties
Equity Inc
Arbor Health Technologies Inc
Harkness LLP
For Inc
The Arbor Health Technologies Inc
Dates
January 15, 2024
February 8, 2024
August 6, 2024
Amounts
$0.001
$100,000
Obligations
PARTICIPANT INFORMATION: GRANT DETAILS: Note: The Exercise Price per Share must not be less than one hundred percent (100%) of the Fair Market Value of a share of common stock on the Date of Grant, as determined in accordance with the Plan
For Incentive Stock Options granted to a Participant who, at the time of grant, owns stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any parent or subsidiary corporation (a "Ten Percent Stockholder"), the Exercise Price per Share must not be less than one hundred ten percent (110%) of the Fair Market Value on the Date of Grant
The Expiration Date shall not be later than ten (10) years from the Date of Grant; provided, however, that for Incentive Stock Options granted to a Ten Percent Stockholder, the Expiration Date shall not be later than five (5) years from the Date of Grant
VESTING SCHEDULE: The Option shall vest and become exercisable in accordance with the following schedule, subject in each case to Participant's Continuous Service (as defined in the Plan) with the Company or any subsidiary through each applicable vesting date: (a) Cliff Vesting: Twenty-five percent (25%) of the total number of Shares subject to the Option shall vest and become exercisable on the first anniversary of the Vesting Commencement Date (the "Cliff Date")
(b) Monthly Vesting: The remaining seventy-five percent (75%) of the total number of Shares subject to the Option shall vest and become exercisable in thirty-six (36) equal monthly installments following the Cliff Date, with each such installment vesting on the same day of each calendar month as the Cliff Date (or, if there is no such day in a given month, on the last day of such month), such that one hundred percent (100%) of the Shares subject to the Option shall be fully vested on the fourth anniversary of the Vesting Commencement Date, subject to Participant's Continuous Service through each such vesting date
Note: If an alternative vesting schedule applies to Participant (whether pursuant to an employment agreement, offer letter, or other written arrangement approved by the Committee), such alternative vesting schedule shall be set forth below in lieu of the foregoing standard schedule: [Insert modified vesting schedule, if applicable