Option Grant and Exercise Terms
EXHIBIT 10.11
The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or
otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.
Q.Addendum.
Notwithstanding any provisions in this Global Monthly-Grant Stock Option Agreement, the Option grant shall be
subject to any special terms and conditions set forth in any Addendum to this Global Monthly-Grant Stock Option Agreement
for Optionee's country. Moreover, if Optionee transfers employment or relocates to one of the countries included in any
Addendum, the special
terms and conditions for such country will apply to Optionee, to the extent the Company determines that the application of
such terms and conditions is necessary or advisable for legal or administrative reasons. The Addendum constitutes part of this
Global Monthly-Grant Stock Option Agreement.
R. Imposition of Other Requirements.
The Company reserves the right to impose other requirements on Optionee's participation in the Plan, on the Options
and on any Shares purchased upon exercise of the Options, to the extent the Company determines it is necessary or advisable
for legal or administrative reasons, and to require Optionee to sign any additional agreements or undertakings that may be
necessary to accomplish the foregoing.
S.Waiver.
Optionee acknowledges that a waiver by the Company of breach of any provision of this Agreement shall not operate
or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by Optionee or any other
optionees.
T.Insider Trading Restrictions/Market Abuse Laws.
Optionee acknowledges that he or she is subject to the Netflix, Inc. Insider Trading Policy and that Optionee has
reviewed and agreed to this policy. Further, Optionee acknowledges that, depending on his or her country, broker's country,
or the country in which the Shares are listed, he or she may be subject to insider trading restrictions and/or market abuse laws
in applicable jurisdictions, which may affect his or her ability to accept, acquire, sell or attempt to sell, or other dispose of the
Shares, rights to Shares, or rights linked to the value of Shares, during such times as Optionee is considered to have "inside
information" regarding the Company (as defined by the laws or regulations in applicable jurisdictions, including the U.S. and
Optionee's country). Local insider trading laws and regulations may prohibit the cancellation or amendment of orders
Optionee placed before possessing inside information. Furthermore, Optionee may be prohibited from (i) disclosing insider
information to any third party, including fellow employees (other than on a “need to know” basis) and (ii) “tipping" third
parties or causing them to otherwise buy or sell securities. Any restrictions under these laws or regulations are separate from
and in addition to any restrictions that may be imposed under the Netflix, Inc. Insider Trading Policy. Optionee
acknowledges that it is Optionee's responsibility to comply with any applicable restrictions, and Optionee should speak to his
or her personal advisor on this matter.View entire presentation