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Stock Option Agreement of Turnstone Systems, Inc.

Stock Option Agreement of Turnstone Systems, Inc. 2026

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The document is a Stock Option Agreement from Turnstone Systems, Inc. outlining the terms and conditions under which an option to purchase common stock is granted to an employee (Optionee). It details the grant number, exercise price, vesting schedule, termination period, and tax implications associated with exercising the option. The agreement emphasizes that the vesting of shares is contingent upon the Optionee's continued service with the company and includes provisions for non-transferability and methods of payment for exercising the option.

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Click ‘Get Form’ to open the Stock Option Agreement in the editor.
Begin by filling in your name and address in the 'Notice of Stock Option Grant' section. Ensure accuracy as this information is crucial for identification.
Next, enter the grant number, date of grant, vesting commencement date, exercise price per share, total number of shares granted, and total exercise price. These fields are essential for defining your option details.
Select the type of option you are receiving: either Incentive Stock Option or Nonstatutory Stock Option by checking the appropriate box.
Review the vesting schedule carefully. It outlines when you can exercise your options based on your continued service with the company.
Complete the agreement section by signing and dating where indicated. If applicable, ensure your spouse also signs to acknowledge their consent.

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