Shutterfly 2011 Annual Report Download - page 91

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SHUTTERFLY, INC.
2006 EQUITY INCENTIVE PLAN
NOTICE OF STOCK OPTION GRANT
You (the “Participant”)
have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of
this Notice of Stock Option Grant (the “Notice”), the 2006 Equity Incentive Plan, as amended from time to time (the “Plan”)
and the Stock
Option Award Agreement (the “Option Agreement”)
attached hereto, as follows. The terms defined in the Plan shall have the same meanings in
this Notice.
Vesting Schedule :
Subject to the limitations set forth in this Notice, the Plan and the Option Agreement, the Option will vest and may be exercised, in
whole or in part, in accordance with the following schedule:
1/4 of the Shares subject to the Option shall vest and become exercisable twelve months after the Vesting Commencement Date, and
1/48 of the Shares subject to the Option shall vest and become exerciseable monthly thereafter such that the option shall become fully vested and
exercisable on the fourth anniversary of the Vesting Commencement Date.
Name:
Address:
Grant Number
Date of Grant
Vesting Commencement Date
Exercise Price per Share
Total Number of Shares
Total Exercise Price
Type of Option
_____
Non
-
Qualified Stock Option
_____
Incentive Stock Option
Expiration Date
Post
-
Termination Exercise Period:
Termination for Cause = None
Voluntary Termination = 3 Months
Termination without Cause = 3 Months
Disability = 6 Months
Death = 12 Months