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Non-Statutory Stock Option Agreement

 

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Title:

Non-Statutory Stock Option Agreement

Entities:

Tektronix, Inc.

Date:

2005

Size:

Preview shows 4KB of 19KB total

Price:

$38

ID:

#1225729

 

 

► Miscellany ► Option ► Stock ► Non-Statutory Stock Option Agreements
► Technology ► Electronic Instruments & Controls

 

 

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                            2002 STOCK INCENTIVE PLAN


Non-Statutory Stock Option Agreement

THIS AGREEMENT is made as of the ____ day of _________ 2005 between
TEKTRONIX, INC., an Oregon corporation (the "Company"), and __________________
("Optionee").

Pursuant to the Company's 2002 Stock Incentive Plan the Company has
approved granting to the Optionee an option to purchase Common Shares of the
Company in the amount hereinafter indicated. In consideration of the mutual
promises contained in this Agreement, the parties agree as follows:

1. The Company hereby grants to the Optionee on the terms and
conditions herein the right and option (the "Option") to purchase all or any
part of an aggregate of_______ of the Company's authorized but unissued or
reacquired Common Shares, without par value, at a purchase price of $ ______ per
share. The Option is a Non-Statutory Stock Option and is not intended to be an
Incentive Stock Option, as defined in Section 422 of the Internal Revenue Code,
as amended (the "Code").

2. The terms and conditions set forth in Exhibit A are hereby
incorporated into and made a part of this Agreement.

3. The obligations of the Company under this Agreement are subject
to the approval of such authorities or agencies, if any, as may have
jurisdiction in the matter. The Company will use its best efforts to take such
steps as may be required by state or federal law or applicable regulations,
including rules and regulations of the Securities and Exchange Commission and
any stock exchange on which the Company's shares may then be listed, in
connection with issuance or sale of any shares purchased upon exercise of the
Option.

4. Nothing in the Plan or this Agreement shall confer upon the
Optionee any right to be continued in the employment of the Company or any
subsidiary of the Company, or to interfere in any way with the right of the
Company or any subsidiary by whom the Optionee is employed to terminate the
Optionee's employment at will at any time, for any reason, with or without
cause.

5. This Agreement shall be binding upon and shall inure to the
benefit of any successor or successors of the Company but except as provided
herein the Option may not be assigned or otherwise disposed of by the Optionee.

IN WITNESS WHEREOF, the parties have executed this Agreement
in duplicate as of the day and year first herein above written.

OPTIONEE TEKTRONIX, INC.

By
-------------------------------- -----------------------------
Signature

Address
------------------------

------------------------

Employee ID
--------------------

<PAGE>

2002 STOCK INCENTIVE PLAN

EXHIBIT A
to
Non-Statutory Stock Option Agreement

1. Option Expiration Date. Subject to reductions in the Option
period as hereinafter provided in the event of termination of employment or
death of the Optionee, the Option shall continue in effect for a period of ten
years from the Option Grant Date.

2. Vesting (when you can exercise your options). Except as provided
in paragraph 5 of this Exhibit A, the Option may be exercised from time to time
in the following amounts:

Percentage of Shares
Subject to Option
--------------------
Prior to 12 months after Option Grant Date 0%
12 months after Option Grant Date 25%
24 months after Option Grant Date 50%

 

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