Our Stock Option Grant Policy

Why We Provide a Stock Option Grant

We are committed to rewarding and motivating our employees, and to providing them with opportunities to share in the success and growth of our organization. This policy outlines the terms and conditions of the stock option grants that we make to our employees.

Applying for a Stock Option Grant

Follow these steps to apply for your stock option grant:

1. Make sure you are eligible to apply for a stock option grant. This depends on your job title, length of service, or other factors. You will receive an email when you are eligible. 
2. Review the terms of the grant: Carefully review the terms of the grant, including the vesting schedule, exercise period, and any applicable fees or restrictions.
3. Complete any required paperwork: Your company may require you to complete paperwork to apply for the stock option grant. This may include a grant agreement, a stock option exercise form, and any other required documents.
4. Submit your application: Follow your company's procedures for submitting your application for the stock option grant. This may involve submitting the required paperwork to your manager or HR representative, or following an online application process.
5. Monitor your account: Once your application is approved, monitor your account to track the vesting of your stock options and to make sure you are complying with the terms of the grant.

If you have any questions about your eligibility, application, or stock option grant, reach out to your direct manager or HR.

How Stock Option Grants Work

By accepting this policy and entering into an employment relationship with us, you acknowledge and agree that:

• We may grant you stock options to purchase shares of our common stock, at a price that is determined by our board of directors and that is consistent with applicable laws and regulations.
• The number of stock options that we grant to you, and the terms and conditions of such options, will be determined by our board of directors and will be based on factors such as your position, your performance, and the stage of our company.
• The stock options that we grant to you will vest over a period of four years, with a one-year cliff. This means that 25% of the options will vest on the first anniversary of the grant date, and the remaining 75% will vest in equal monthly installments over the following three years.
• You will have the right to exercise your vested options at any time during the term of the options, subject to the terms and conditions of the option grant agreement and the applicable stock plan.
• You will not have any rights as a shareholder of our company until you exercise your options and purchase the underlying shares of our common stock.
• We may terminate your employment at any time, for any reason (with or without cause), and without advance notice. If your employment is terminated, your stock options will be treated in accordance with the terms and conditions of the option grant agreement and the applicable stock plan.
• We may amend or terminate the stock option grant program at any time, and any such amendment or termination will be effective upon notice to you.
• You will be responsible for paying any taxes or fees that may be due in relation to the grant or exercise of your stock options.

We believe that our stock option grant program is an effective way to reward and motivate our employees, and to align their interests with those of our company and our shareholders. We appreciate your participation in this program, and we look forward to your continued success and growth with us.

By e-signing, you acknowledge that you understand and agree to follow all of the guidelines outlined in this policy.