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EXHIBIT 10.36
SYNON CORPORATION
NOTICE OF STOCK OPTION GRANT
William O. Grabe
Two River Lane
Westport, CT 06880
You have been granted an option to purchase Common Stock of Synon Corporation
(the "Company") as follows:
TYPE OF OPTION: NONSTATUTORY STOCK OPTION
NUMBER OF SHARES GRANTED: 180,000
OPTION PRICE PER SHARE: $1.43
TOTAL PRICE OF SHARES GRANTED: $257,400
DATE OF GRANT: APRIL 24, 1992
TERM/EXPIRATION DATE: APRIL 24, 2002
EXERCISE AND VESTING SCHEDULE:
This option may be exercised, in whole or in part, in accordance with
the Vesting Schedule set forth below.
DATE OF VESTING: APRIL 1, 1993
NUMBER OF SHARES: 36,000
FOR EACH OF THE 48 MONTHS FOLLOWING
APRIL 1, 1993: 1.667% OF 180,000
TERMINATION PERIOD:
Options may only be exercised while you are an Employee of the
Company except as set out in Sections 7 and 8 of the Stock Option
Agreement (but in no event later than the Expiration Date); provided,
however, that upon termination of your employment with the Company,
the Administrator may, in its sole discretion, permit you to exercise
the Option, to the extent already exercisable, during a period ending
on the earlier of 30 days after such termination of employment and
the date the Option expires in accordance with its terms.
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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 1990 Stock Option Plan and the
Incentive/Nonstatutory Stock Option Agreement, all of which are attached and
made a part of this document.
OPTIONEE: SYNON CORPORATION
/s/ WILLIAM O. GRABE By: /s/ Paul K. Wilde
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Signature Paul K. Wilde
Chief Financial Officer
William O. Grabe
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Print Name
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SYNON CORPORATION
NOTICE OF STOCK OPTION GRANT
William O. Grabe
Two River Lane
Westport, CT 06880
You have been granted an option to purchase Common Stock of Synon Corporation
(the "Company") as follows:
TYPE OF OPTION: NONSTATUTORY STOCK OPTION
NUMBER OF SHARES GRANTED: 180,000
OPTION PRICE PER SHARE: $1.43
TOTAL PRICE OF SHARES GRANTED: $257,400
DATE OF GRANT: APRIL 24, 1992
TERM/EXPIRATION DATE: APRIL 24, 2002
EXERCISE AND VESTING SCHEDULE:
This option may be exercised, in whole or in part, in accordance with
the Vesting Schedule set forth below.
DATE OF VESTING: APRIL 1, 1993
NUMBER OF SHARES: 36,000
FOR EACH OF THE 48 MONTHS FOLLOWING
APRIL 1, 1993: 1.667% OF 180,000
TERMINATION PERIOD:
Options may only be exercised while you are an Employee of the
Company except as set out in Sections 7 and 8 of the Stock Option
Agreement (but in no event later than the Expiration Date); provided,
however, that upon termination of your employment with the Company,
the Administrator may, in its sole discretion, permit you to exercise
the Option, to the extent already exercisable, during a period ending
on the earlier of 30 days after such termination of employment and
the date the Option expires in accordance with its terms.
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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 1990 Stock Option Plan and the
Incentive/Nonstatutory Stock Option Agreement, all of which are attached and
made a part of this document.
OPTIONEE: SYNON CORPORATION
/s/ WILLIAM O. GRABE By: /s/ Paul K. Wilde
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Signature Paul K. Wilde
Chief Financial Officer
William O. Grabe
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Print Name
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