2022 Equity Incentive Plan
Energy Vault Holdings, Inc.
Exhibit 10.7
ENERGY VAULT HOLDINGS, INC.
2022 EQUITY INCENTIVE PLAN
NOTICE OF STOCK OPTION GRANT
You have been granted the following option to purchase shares of the Common Stock of Energy Vault Holdings, Inc. (the “Company”) on the terms and conditions set out below:
Name of Optionee: [______]
Total Number of Shares: [______]
Type of Option (U.S. Tax Status): [Incentive Stock Option][Nonstatutory Stock Option]
Exercise Price per Share: [______]
Date of Grant: [______]
Vesting Commencement Date: [______]
Vesting Schedule: [To be specified in the individual award agreements]
Expiration Date: [______]. This option expires earlier if your Service terminates earlier, as described in the Stock Option Agreement, and may terminate earlier in connection with certain corporate transactions as described in Article 9 of the Plan.
You and the Company agree that this option is granted under and governed by the terms and conditions of the Company’s 2022 Equity Incentive Plan, as the same may be amended from time to time (the “Plan”) and the Stock Option Agreement (including, if applicable, the Appendix for Non-U.S. Participants), both of which are attached to, and made a part of, this document. Capitalized terms not otherwise defined herein shall have the meanings assigned to such terms in the Plan.
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