EX-10.8
from 10-K
6 pages
Form of Equity Grant Agreement, Nonqualified Stock Option Profire Energy, Inc. [2014/2023] Equity Incentive Plans Notice of Stock Option Grant You Have Been Granted the Following Option to Purchase Shares of Profire Energy, Inc. (The “Company”): Name of Participant: Total Number of Shares Granted: Type of Option: Non-Incentive Stock Option Exercise Price Per Share: $ Date of Grant: Date Exercisable: This Option Shall Vest Equally Over a Period of Three Years From the Date of Grant. Vesting Shall Occur on the Anniversary Date of the Date of Grant, With One- Third of the Total Shares Vesting on the First Three Anniversaries of the Date of Grant. Vesting Is Contingent Upon Holder’s Continued Employment (Or Service in the Case of a Non-Employee Grantee) With the Company on Each Applicable Vesting Date. Except as Otherwise Provided in the [2014/2023] Equity Incentive Plan or the Non-Qualified Stock Option Agreement, Any Option That Has Not Vested at the Time Holder’s Employment (Or Service in the Case of a Non-Employee Grantee) With the Company Ceases Shall Be Forfeited to the Company. Expiration Date: 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 Profire Energy, Inc., [2014/2023] Equity Incentive Plan and the Related Stock Option Agreement, Both of Which Are Made a Part of This Document. Participant: Profire Energy, Inc. By: Title: Print Name
12/34/56
