{"id":39994,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/google-2004-stock-plan.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"google-2004-stock-plan","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/google-2004-stock-plan.html","title":{"rendered":"Google 2004 Stock Plan"},"content":{"rendered":"
US Stock Option Agreement <\/b><\/font><\/p>
 
 <\/font><\/p> 
GOOGLE INC. <\/b><\/font><\/p> 
 <\/font><\/p> 
2004 STOCK PLAN <\/b><\/font><\/p> 
 <\/font><\/p> 
STOCK OPTION AGREEMENT <\/b><\/font><\/p> 
 <\/font><\/p> 
Unless otherwise defined herein, the terms defined in the 2004 Stock Plan\nshall have the same defined meanings in this Stock Option Agreement. <\/font><\/p> 
 <\/font><\/p> 
I.    NOTICE OF STOCK OPTION GRANT<\/u> <\/b><\/font><\/p> 
 <\/font><\/p> 
[Optionee\u0092s Name and Address] <\/b><\/font><\/p> 
 <\/font><\/p> 
You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: <\/font><\/p> 
 <\/font><\/p>\n\n<\/pre>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n
Grant Number<\/font><\/p>\n<\/td>\n
  <\/font><\/td>\n                                      <\/p>\n
          <\/u><\/font><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n
Date of Grant<\/font><\/p>\n<\/td>\n
  <\/font><\/td>\n\n
                                      <\/p>\n
          <\/u><\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n
Vesting Commencement Date<\/font><\/p>\n<\/td>\n
  <\/font><\/td>\n\n
                                      <\/p>\n
          <\/u><\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n
Exercise Price per Share<\/font><\/p>\n<\/td>\n
  <\/font><\/td>\n\n
$                                      <\/p>\n
        <\/u><\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n
Total Number of Shares Granted<\/font><\/p>\n<\/td>\n
  <\/font><\/td>\n\n
                                      <\/p>\n
          <\/u><\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n
Total Exercise Price<\/font><\/p>\n<\/td>\n
  <\/font><\/td>\n\n
$                                      <\/p>\n
        <\/u><\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n
Type of Option:<\/font><\/p>\n<\/td>\n
  <\/font><\/td>\n\n
        <\/u> Incentive Stock Option<\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
 <\/font><\/td>\n  <\/font><\/td>\n\n
        <\/u> Nonstatutory Stock Option<\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n
Term\/Expiration Date:<\/font><\/p>\n<\/td>\n
  <\/font><\/td>\n\n
                                      <\/p>\n
          <\/u><\/font><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
 <\/font><\/p>\n
Vesting Schedule:
\n<\/u><\/font><\/p>\n
 <\/font><\/p>\n
This Option shall be exercisable, in whole or in part, in
\naccordance with the following schedule: <\/font><\/p>\n
 <\/font><\/p>\n
25% of the Shares
\nsubject to the Option shall vest twelve months after the Vesting Commencement Date, and 1\/48<\/font>th<\/sup><\/font> of the Shares subject
\nto the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates. <\/font><\/p>\n
 <\/font><\/p>\n
1 <\/font><\/p>\n
\n
\n
Termination Period: <\/u><\/font><\/p>\n
 <\/font><\/p>\n
This Option may be exercised for three months after Optionee ceases to be a Service Provider. Upon the death or Disability
\nof the Optionee, this Option may be exercised for twelve months after Optionee ceases to be a Service Provider. In no event shall this Option be exercised later than the Term\/Expiration Date as provided above. <\/font><\/p>\n
 <\/font><\/p>\n
II.    AGREEMENT<\/u> <\/b><\/font><\/p>\n
 <\/font><\/p>\n\n\n
 <\/font><\/td>\nA.<\/font><\/td>\nGrant of Option<\/u>. <\/font><\/td>\n<\/tr>\n<\/table>\n
 <\/font><\/p>\n
The Plan Administrator of the Company hereby grants to the Optionee named in the Notice of Grant attached as Part I of this Agreement (the
\n\u0093Optionee\u0094) an option (the \u0093Option\u0094) to purchase the number of Shares, as set forth in the Notice of Grant, at the exercise price per share set forth in the Notice of Grant (the \u0093Exercise Price\u0094), subject to the terms
\nand conditions of the Plan, which is incorporated herein by reference. Subject to Section 18(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Option Agreement, the terms and
\nconditions of the Plan shall prevail. <\/font><\/p>\n
 <\/font><\/p>\n
If designated in the
\nNotice of Grant as an Incentive Stock Option (\u0093ISO\u0094), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an Incentive Stock Option, to the extent that it
\nexceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonstatutory Stock Option (\u0093NSO\u0094). <\/font><\/p>\n
 <\/font><\/p>\n\n\n
 <\/font><\/td>\nB.<\/font><\/td>\nExercise of Option<\/u>. <\/font><\/td>\n<\/tr>\n<\/table>\n
 <\/font><\/p>\n
(a)  Right to Exercise<\/u>. This Option is exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Grant
\nand the applicable provisions of the Plan and this Option Agreement. <\/font><\/p>\n
 <\/font><\/p>\n
(b)  Method of Exercise<\/u>. This Option is exercisable by delivery of an exercise notice (the \u0093Exercise Notice\u0094), which shall state the election to exercise the Option, the number of Shares in respect of which the
\nOption is being exercised (the \u0093Exercised Shares\u0094), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice shall be completed by the Optionee and
\ndelivered to the Stock Administration Team of the Company. The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares. This Option shall be deemed to be exercised upon receipt by the Company of
\nsuch fully executed Exercise Notice accompanied by such aggregate Exercise Price. <\/font><\/p>\n
 <\/font><\/p>\n
No Shares shall be issued pursuant to the exercise of this Option unless such issuance and exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be
\nconsidered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares. <\/font><\/p>\n
 <\/font><\/p>\n
Method of Payment<\/u>. <\/font><\/p>\n
 <\/font><\/p>\n
Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee: <\/font><\/p>\n
 <\/font><\/p>\n
2. cash; or <\/font><\/p>\n
 <\/font><\/p>\n
3. check; or <\/font><\/p>\n
 <\/font><\/p>\n
4. consideration received by the Company under a formal cashless exercise program implemented by the Company in connection with the Plan; or <\/font><\/p>\n
 <\/font><\/p>\n
5. to the extent permitted by the Administrator, delivery of a properly
\nexecuted exercise notice together with such other documentation as the Administrator and the broker, if applicable, shall require to effect an exercise of the Option and delivery to the Company of the sale proceeds required to pay the Exercise
\nPrice. <\/font><\/p>\n
 <\/font><\/p>\n
2 <\/font><\/p>\n
\n
\n\n\n
 <\/font><\/td>\nC.<\/font><\/td>\nNon-Transferability of Option<\/u>. <\/font><\/td>\n<\/tr>\n<\/table>\n
 <\/font><\/p>\n
This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime
\nof Optionee only by the Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. <\/font><\/p>\n
 <\/font><\/p>\n\n\n
 <\/font><\/td>\nD.<\/font><\/td>\nTerm of Option<\/u>. <\/font><\/td>\n<\/tr>\n<\/table>\n
 <\/font><\/p>\n
This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during such term only in accordance with the Plan
\nand the terms of this Option Agreement. <\/font><\/p>\n
 <\/font><\/p>\n\n\n
 <\/font><\/td>\nE.<\/font><\/td>\nTax Obligations<\/u>. <\/font><\/td>\n<\/tr>\n<\/table>\n
 <\/font><\/p>\n
(a) Withholding Taxes. Optionee agrees to make appropriate arrangements with the Company (or the Parent or Subsidiary employing or retaining Optionee) for
\nthe satisfaction of all Federal, state, local and foreign income and employment tax withholding requirements applicable to the Option exercise. Optionee acknowledges and agrees that the Company may refuse to honor the exercise and refuse to deliver
\nShares if such withholding amounts are not delivered at the time of exercise. <\/font><\/p>\n
 <\/font><\/p>\n
(b) Notice of Disqualifying Disposition of ISO Shares. If the Option granted to Optionee herein is an ISO, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the
\nlater of (1) the date two years after the Date of Grant, or (2) the date one year after the date of exercise, the Optionee shall immediately notify the Company in writing of such disposition. Optionee agrees that Optionee may be subject to income
\ntax withholding by the Company on the compensation income recognized by the Optionee. <\/font><\/p>\n
 <\/font><\/p>\n\n\n
 <\/font><\/td>\nF.<\/font><\/td>\nEntire Agreement; Governing Law<\/u>. <\/font><\/td>\n<\/tr>\n<\/table>\n
 <\/font><\/p>\n
The Plan is incorporated herein by reference. The Plan and this Option Agreement constitute the entire agreement of the parties with respect to the
\nsubject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Optionee with respect to the subject matter hereof, and may not be modified adversely to the Optionee\u0092s interest except by means of a
\nwriting signed by the Company and Optionee. This agreement is governed by the internal substantive laws, but not the choice of law rules, of California. <\/font><\/p>\n
 <\/font><\/p>\n\n\n
 <\/font><\/td>\nG.<\/font><\/td>\nNO GUARANTEE OF CONTINUED SERVICE<\/u>. <\/font><\/td>\n<\/tr>\n<\/table>\n
 <\/font><\/p>\n
OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT
\nTHE WILL OF THE COMPANY (AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED AN OPTION OR PURCHASING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE
\nSET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE WITH OPTIONEE\u0092S RIGHT OR THE COMPANY\u0092S RIGHT TO
\nTERMINATE OPTIONEE\u0092S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. <\/font><\/p>\n
 <\/font><\/p>\n
By your signature and the signature of the Company\u0092s representative below, you and the Company agree that this Option is granted under and governed
\nby the terms and conditions of the Plan and this Option Agreement. Optionee has reviewed the Plan and this Option Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option Agreement and fully
\nunderstands all provisions of the Plan and Option Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Option Agreement.
\nOptionee further agrees to notify the Company upon any change in the residence address indicated below. <\/font><\/p>\n
 <\/font><\/p>\n
3 <\/font><\/p>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n
OPTIONEE:<\/font><\/p>\n
 <\/font><\/p>\n<\/td>\n
 <\/font><\/td>\n\n
GOOGLE INC.<\/font><\/p>\n
 <\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n
\n
Signature<\/font><\/p>\n<\/td>\n
 <\/font><\/td>\n\n
\n
By<\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n
\n
Print Name<\/font><\/p>\n<\/td>\n
 <\/font><\/td>\n\n
\n
Title<\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n
\n
Residence Address<\/font><\/p>\n<\/td>\n
 <\/font><\/td>\n <\/font><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n
<\/td>\n		 <\/font><\/td>\n <\/font><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n
<\/td>\n		 <\/font><\/td>\n <\/font><\/td>\n<\/tr>\n<\/table>\n
 <\/font><\/p>\n
 <\/font><\/p>\n
 <\/font><\/p>\n
 <\/font><\/p>\n
4 <\/font><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7664],"corporate_contracts_industries":[9510],"corporate_contracts_types":[9539,9545],"class_list":["post-39994","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-google-inc","corporate_contracts_industries-technology__programming","corporate_contracts_types-compensation","corporate_contracts_types-compensation__esp"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/39994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=39994"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39994"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39994"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}