Fairfax Virginia Stock Option Agreement of Quantum Effect Devices, Inc. is a legally binding document that outlines the terms and conditions related to the stock options offered by Quantum Effect Devices, Inc. (QED). This agreement specifies the rights, obligations, and restrictions associated with stock options granted to individuals or employees of QED. The Fairfax Virginia Stock Option Agreement of Quantum Effect Devices, Inc. typically includes key information such as the grant date, vesting schedule, exercise price, expiration date, and the number of stock options granted. It also describes the process of exercising stock options, including any applicable tax obligations. The agreement may further enumerate the circumstances under which stock options can be terminated or forfeited, safeguarding the company's interests. It can also detail any restrictions on transferring or selling the stock options and may include provisions for change in control events, mergers, or acquisitions. Different types of Fairfax Virginia Stock Option Agreements of Quantum Effect Devices, Inc. might include: 1. Employee Stock Option Agreement: This type of agreement is specifically designed for employees of QED, laying out the terms and conditions associated with stock options granted as part of their compensation package. 2. Director Stock Option Agreement: Directors of QED who are not employees may be offered stock options as part of their service to the company. This document would clearly outline the terms and conditions applicable to directors in such a scenario. 3. Consultant Stock Option Agreement: QED may also use stock options to incentivize consultants or independent contractors. This agreement would provide specific terms catering to consultants who receive stock options. 4. Non-Qualified Stock Option Agreement: In some cases, QED may utilize non-qualified stock options, which have different tax implications compared to qualified stock options. This agreement would define the terms specific to non-qualified stock options. It is important to note that the exact structure and content of the Fairfax Virginia Stock Option Agreement of Quantum Effect Devices, Inc. may vary based on the specific circumstances, preferences, and legal requirements applicable to QED. It is advisable to consult legal professionals when drafting or reviewing such agreements to ensure compliance with relevant laws and regulations.