NVIDIA 2010 Annual Report Download - page 144

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NVIDIA CORPORATION
2007 EQUITY INCENTIVE PLAN
NONSTATUTORY STOCK OPTION
TERMS and CONDITIONS of STOCK OPTION
This document sets forth the terms of an Option (the “Option”) granted by NVIDIA Corporation, a Delaware corporation (the
“Company”), pursuant to its 2007 Equity Incentive Plan (the “Plan”). The Option is evidenced by a Certificate of Stock Option Grant
(“Certificate”) displayed on the website of Charles Schwab & Co., Inc. or such other third party stock administration provider used by
the Company from time to time (the “Website”). The Certificate is hereby incorporated herein by reference, including without
limitation the information in the Certificate that specifies the person to whom the Option is granted (“you” or “Grantee”), the specific
details of the Option, and your automatic electronic acceptance of the Certificate at the Website. Defined terms not explicitly defined
in this Terms and Conditions of Stock Option but defined in the Plan shall have the same definitions as in the Plan.
The details of your Option are as follows:
1. The total number of shares of Common Stock subject to this Option is set forth in the Certificate. This Option is not
intended to qualify and will not be treated as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue
Code of 1986, as amended (the “Code”).
2. The exercise price of this Option is set forth on the Certificate and is equal to the Fair Market Value of the Common
Stock on the date of grant of this Option.
3. Subject to the limitations contained herein this Option shall vest and be exercisable as follows:
(a) The Option will vest and become exercisable with respect to each installment set forth in the Certificate as of the
date of vesting applicable to such installment as set forth in the Certificate; provided, however, that if the Grantee’s full-time schedule
is reduced to a part-time schedule, then, to the extent permitted by local law, the Company reserves the right to unilaterally modify the
rate at which this Option will vest, so that the rate of vesting is commensurate with the reduced work schedule, in accordance with the
Company’s then-applicable policy on part-time employee vesting, with such modification made in the sole discretion of the
Company..
(b) If your Continuous Service terminates at any time as a result of your death, this Option shall become
immediately fully vested and exercisable.
Source: NVIDIA CORP, 10-K, March 18, 2010 Powered by Morningstar® Document Research℠