Employee ID Number:
NONQUALIFIED STOCK OPTION GRANT AGREEMENT
Echelon Corporation (the “Company”) hereby grants you, [NAME OF EMPLOYEE] (the “Employee”),
an option under the Company’s 1997 Stock Plan (the “Plan”) to purchase shares of common stock of the
Company. The date of this Agreement is [DATE] (the “Grant Date”). In general, the latest date this option will
expire is the expiration date indicated on this Notice of Grant (the “Expiration Date”). However, as provided in
this Agreement, this option may expire earlier than the Expiration Date. Subject to the provisions of Appendix A
(attached to this Agreement) and of the Plan, the principal features of this option are as follows:
Expiration Date: Five Years from the Grant Date; provided, however, this option may terminate
earlier than the Expiration Date, as set in Appendix A.
By your signature and the signature of the Company’s representative below, you and the Company agree
that this Option is granted under and governed by the terms and conditions of the Plan and this Agreement.
Optionee has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice
of counsel prior to executing this Agreement and fully understands all provisions of the Plan and Agreement.
Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the
Administrator upon any questions relating to the Plan and Agreement. Optionee further agrees to notify the
Company upon any change in the residence address indicated below.
Maximum Number of Shares
Purchasable with this Option :
Exercise Price per Share : US
Vesting Commencement Date :
Scheduled Vesting Dates :
Number of Shares