Shutterfly 2011 Annual Report Download - page 110

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SHUTTERFLY, INC.
2006 EQUITY INCENTIVE PLAN
NOTICE OF STOCK BONUS AWARD
GRANT NUMBER: _____________
The terms defined in the Company’s 2006 Equity Incentive Plan (the “Plan”)
shall have the same meanings in this Notice of Stock
Bonus Award (“Notice of Grant”).
You (“ Participant ”)
have been granted an award of Shares, subject to the terms and conditions of the Plan and the attached Stock
Bonus Award Agreement to the Plan (available in hard copy by request), as follows:
[Vesting Schedule: The Shares will vest as follows: Subject to your continued service as an employee, director or consultant
of the Company, on ________________________________. ]
I, __________________, (“Participant”)
understand that my employment or consulting relationship, or service as a director, with the Company
is for an unspecified duration, can be terminated at any time with or without cause (i.e., is “at-will”),
and that nothing in this Notice of Grant, the
Attached Stock Bonus Agreement or the Plan changes the at-
will nature of that relationship. I acknowledge that the vesting of the Shares
pursuant to this Notice of Grant is earned only by my continuing service as an employee, director or consultant of the Company. I also
understand that this Notice of Grant is subject to the terms and conditions of both the Stock Bonus Agreement and the Plan, both of which are
incorporated herein by reference. I have read both the Stock Bonus Agreement and the Plan.
Name:
Address:
Number of Shares:
Date of Grant:
First Vesting Date:
[
]
Expiration Date:
The date on which all the Shares granted hereunder become
vested, with earlier expiration upon the Termination Date
PARTICIPANT
SHUTTERFLY, INC.
Signature:
By:
Print Name:
Its: