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EXHIBIT 99.3
DOT HILL SYSTEMS CORP.
STOCK OPTION GRANT NOTICE
2000 AMENDED AND RESTATED EQUITY INCENTIVE PLAN
DOT HILL SYSTEMS CORP. (the "COMPANY"), pursuant to its 2000 AMENDED AND
RESTATED EQUITY INCENTIVE PLAN (the "PLAN"), hereby grants to Optionholder an
option to purchase the number of shares of the Company's Common Stock set
forth below. This option is subject to all of the terms and conditions as set
forth herein and in the Stock Option Agreement, the Plan and the Notice of
Exercise, all of which are attached hereto and incorporated herein in their
entirety.
Optionholder: ------------------------------------------
Date of Grant: ------------------------------------------
Vesting Commencement Date: ------------------------------------------
Number of Shares Subject to Option: ------------------------------------------
Exercise Price (Per Share): ------------------------------------------
Total Exercise Price: ------------------------------------------
Expiration Date: ------------------------------------------
TYPE OF GRANT: |_| Incentive Stock Option(1) |_| Nonstatutory Stock Option
EXERCISE SCHEDULE: |_| Same as Vesting Schedule
VESTING SCHEDULE: [1/4th of the shares vest one year after the Vesting
Commencement Date. 1/48th of the shares vest monthly
thereafter over the next three years.]
PAYMENT: By one or a combination of the following items (described
in the Stock Option Agreement):
By cash or check
Pursuant to a Regulation T Program if the Shares
are publicly traded
By delivery of already-owned shares if the Shares
are publicly traded
ADDITIONAL TERMS/ACKNOWLEDGEMENTS: The undersigned Optionholder acknowledges
receipt of, and understands and agrees to, this Stock Option Grant Notice,
the Stock Option Agreement and the Plan. Optionholder further acknowledges
that as of the Date of Grant, this Stock Option Grant Notice, the Stock
Option Agreement and the Plan set forth the entire understanding between
Optionholder and the Company regarding the acquisition of stock in the
Company and supersede all prior oral and written agreements on that subject
with the exception of (i) options previously granted and delivered to
Optionholder under the Plan, and (ii) the following agreements only:
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(1) An incentive stock option (plus your other outstanding incentive stock
options) cannot be first EXERCISABLE for more than $100,000 in any calendar
year. Any excess over $100,000 is a nonstatutory stock option.
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DOT HILL SYSTEMS CORP. OPTIONHOLDER:
By:
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Signature Signature
Title: Date:
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Date:
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ATTACHMENTS: I. Stock Option Agreement
II. Dot Hill Systems Corp. 2000 Amended and Restated Equity
Incentive Plan, and
III. Notice of Exercise
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ATTACHMENT I
STOCK OPTION AGREEMENT
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ATTACHMENT II
DOT HILL SYSTEMS CORP.
2000 AMENDED AND RESTATED EQUITY INCENTIVE PLAN
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ATTACHMENT III
NOTICE OF EXERCISE
