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Director Option Agreement

Director Option Agreement 2026

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The document is a Director Option Agreement from Gadzoox Networks, Inc. that grants an option to purchase shares of the company's Common Stock to an Optionee. It outlines the nature of the option, exercise price, method of exercise, payment methods, restrictions on exercise, non-transferability, term of the option, taxation upon exercise, and states that it is governed by California law. The agreement incorporates the company's 1999 Director Option Plan and emphasizes that it constitutes the entire agreement between the parties.

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Click ‘Get Form’ to open the Director Option Agreement in the editor.
Begin by filling in the name of the Optionee and the total number of shares being granted in the designated fields.
Specify the exercise price for each share of Common Stock in the corresponding section.
In the 'Right to Exercise' section, indicate when the option becomes exercisable, ensuring it aligns with stockholder approval.
Complete the 'Method of Exercise' by providing a written notice as outlined, including your signature and delivery method.
Select your preferred method of payment for exercising the option from cash, check, or other specified methods.
Review any restrictions on exercise to ensure compliance with applicable laws and regulations before finalizing your submission.
Sign and date the agreement at the bottom, confirming your acceptance of all terms outlined in both this agreement and the Plan.

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