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EXHIBIT 10.4
GENENCOR INTERNATIONAL, INC.
STOCK OPTION GRANT NOTICE
(STOCK OPTION AND STOCK APPRECIATION RIGHT PLAN)
Genencor International, Inc. (the "Company"), pursuant to its Stock Option and
Stock Appreciation Right Plan (the "Plan"), hereby grants to Participant an
option to purchase the number of shares set forth below. This award is subject
to all of the terms and conditions as set forth herein and in the NonStatutory
Stock Option or Stock Appreciation Right Agreement (the "Agreement"), the Plan
and the Notice of Exercise, all of which are attached hereto and incorporated
herein in their entirety.
Effective mm/dd/yyyy, you have been granted a Nonstatutory Stock Option to buy
xxx shares of Genencor International, Inc. (the Company) stock at an exercise
price of $XX.XX per share.
PARTICIPANT: Participant Name
TYPE OF GRANT: Nonstatutory Stock Option
GRANT NUMBER: xxxxxx
PLAN: Stock Option and Stock Appreciation Right
VESTING SCHEDULE: 1/3rd of the Options vest one year after the Vesting
Commencement Date.
1/3rd of the Options vest annually thereafter over the
next two years.
The total exercise price of the shares granted is $XX,XXX.XX.
Shares in each period will become fully vested on the date shown.
<TABLE>
<CAPTION>
SHARES EXERCISE TYPE FULL VEST EXPIRATION
<S> <C> <C> <C>
xxx On Vest Date xx/xx/xxx xx/xx/xxxx
xxx On Vest Date xx/xx/xxx xx/xx/xxxx
xxx On Vest Date xx/xx/xxx xx/xx/xxxx
</TABLE>
ADDITIONAL TERMS/ACKNOWLEDGEMENTS: The undersigned Participant acknowledges
receipt of, and understands and agrees to, this Grant Notice, the Agreement and
the Plan. Participant further acknowledges that as of the Date of Grant, this
Grant Notice, the Agreement and the Plan set forth the entire understanding
between Participant 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 or SARs previously granted and delivered to
Participant under the Plan, and (ii) the following agreements only:
OTHER AGREEMENTS:
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GENENCOR INTERNATIONAL, INC. PARTICIPANT:
By:
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Signature Signature
Title: Date:
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Date:
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ATTACHMENTS: The Agreement, the Stock Option and Stock Appreciation Right
Plan, Notice of Exercise and Beneficiary Designation Form
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ATTACHMENT I
OPTION AGREEMENT OR SAR AGREEMENT
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ATTACHMENT II
STOCK OPTION AND STOCK APPRECIATION RIGHT PLAN
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ATTACHMENT III
NOTICE OF EXERCISE
