The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent Proportionate or partial vesting in the period prior to each vesting date and all vesting shall occur only on the appropriate vesting date.

For purposes of this Agreement, “Vesting Commencement Date” shall meanĮxcept as may be specifically stated herein, the Participant must be employed on a vesting date for vesting to occur. Provided the Participant is continuously employed by the Company. This option will become exercisable (“vest”) as to 25% of the original number of Shares on the first anniversary of the VestingĬommencement Date and as to an additional 2.0833% of the original number of Shares at the end of each successive month following the first anniversary of the Vesting Commencement Date until the fourth anniversary of the Vesting Commencement Date, Except as otherwise indicated by the context, the term “Participant,” as used in this option, shall be deemed to includeĪny person who acquires the right to exercise this option validly under its terms. Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “ Code”). It is intended that the option evidenced by this agreement shall not be an incentive stock option as defined in Section 422 of the Option signifies acceptance of the terms and conditions of this agreement and the Plan, a copy of which has been provided to the Participant. Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern time, on (the “Final Exercise Date”). per Share, which is the Fair Market Value of a share

Of common stock, $.001 par value per share, of the Company (“ Common Stock”) at $. , an employee, consultant or director of the Company (the “ Participant”), of an option to purchase, in whole or in part, on the terms provided herein and in theĬompany’s 2010 Stock Incentive Plan (the “ Plan”), a total of shares (the “ Shares”) This agreement evidences the grant by Zipcar, Inc., a Delaware corporation (the “ Company”), on

Skype stock option agreement