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This excerpt taken from the OVTI DEF 14A filed Aug 10, 2009. Stock
Options. Each stock option represents the right to
purchase a specified number of shares of our common stock at a set exercise
price subject to the terms and conditions of an option agreement. The exercise price is the closing stock price
of OmniVision stock on the day the compensation committee grants the
option. As a result, any value that an
executive receives from a stock option is solely the result of increases in the
value of OmniVision stock. An increase
in the value of OmniVision stock benefits all of our stockholders, thus
aligning executive and stockholder interests.
In general, options become exercisable over four years: 25% of the
shares subject to the option vest one year from the date of grant and the remaining
shares vest at a rate of 1/48 of the shares per month. They have a term of 10 years.
This excerpt taken from the OVTI DEF 14A filed Aug 8, 2008. Stock
Options. Each stock option represents the right to
purchase a specified number of shares of our common stock at a set exercise
price subject to the terms and conditions of an option agreement. The exercise price is the closing stock price
of OmniVision stock on the day the compensation committee grants the option. As a result, any value that an executive
receives from a stock option is solely the result of increases in the value of
OmniVision stock. An increase in the
value of OmniVision stock benefits all of our stockholders, thus aligning
executive and stockholder interests. In
general, options become exercisable over four years: 25 percent of the shares
subject to the option vest one year from the date of grant and the remaining
shares vest at a rate of 1/48 of the shares per month. They have a term of 10 years.
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