EX-10.12
from S-1
4 pages
Job Title: Project Manager, Product Development Starting Date: April 10, 2000 Salary: $7,916.67 Per Month (Annualizes to $95,000) Stock Options: You Will Be Granted Stock Options for 25,000 Shares at the Next Board Meeting Following Your First Day of Employment in Accordance With the Terms of the Broncus Technologies, Inc. Employee Stock Option Plan. These Options Will Vest 25% (6,250 Shares) at the End of the First Year of Employment and 1136’ (520 Shares) of the Remaining Balance for Each Month Thereafter for 36 Months, for a Total Vesting Period of Four Years. These Options May Be Exercised Ten Years From the Date of Grant So Long as You Are an Employee of the Company. Ed Roschak March 23, 2000 Page 2
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