Exhibit 99.4
ZORAN CORPORATION
2005 OUTSIDE DIRECTORS EQUITY PLAN
NOTICE OF GRANT OF NONSTATUTORY STOCK OPTION
(ANNUAL OPTION)
The Participant has been granted an option (the “Option”) to purchase certain shares of Stock of Zoran Corporation pursuant to the Zoran Corporation 2005 Outside Directors Equity Plan (the “Plan”), as follows:
Participant: | | | | | |
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Date of Grant: | | | | | |
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Number of Option Shares: | | 15,000 | | |
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Exercise Price: | | $ | | |
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Initial Vesting Date: | | The day immediately preceding the first annual meeting of the stockholders of Zoran Corporation occurring after the Date of Grant | | |
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Option Expiration Date: | | The date ten (10) years after the Date of Grant | | |
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Tax Status of Option: | | Nonstatutory Stock Option. | | |
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Vested Shares: | | Except as provided in the Stock Option Agreement, the number of Vested Shares (disregarding any resulting fractional share) as of any date is determined by multiplying the Number of Option Shares by the “Vested Ratio” determined as of such date as follows: | | |
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| | Prior to Initial Vesting Date | | 0 |
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| | On Initial Vesting Date, provided the Participant’s Service has not terminated prior to such date | | 1/1 |
By their signatures below or by electronic acceptance or authentication in a form authorized by the Company, the Company and the Participant agree that the Option is governed by this Grant Notice and by the provisions of the Plan and the Stock Option Agreement, both of which are made a part of this document. The Participant acknowledges that copies of the Plan, the Stock Option Agreement and the prospectus for the Plan are available on the Company’s internal web site and may be viewed and printed by the Participant for attachment to the Participant’s copy of this Grant Notice. The Participant represents that the Participant has read and is familiar with the provisions of the Plan and the Stock Option Agreement, and hereby accepts the Option subject to all of their terms and conditions.
ZORAN CORPORATION | | PARTICIPANT |
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By: | | | | |
| | | | Signature |
Its: | | | | |
| | | | Date |
Address: | 1390 Kifer Road | | |
| Sunnyvale, CA 94086 | | Address |
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ATTACHMENTS: | | 2005 Outside Directors Equity Plan, as amended to the Date of Grant; Nonstatutory Stock Option Agreement, Exercise Notice and Plan Prospectus |
