Exhibit 99.9
ADVANCED MEDICAL OPTICS,
INC.
2002 EMPLOYEE STOCK PURCHASE
PLAN
AS PROPOSED TO BE AMENDED AND
RESTATED
ADVANCED MEDICAL OPTICS,
INC.
2002 EMPLOYEE STOCK PURCHASE
PLAN
(AS PROPOSED TO BE AMENDED AND
RESTATED)
Table of Contents
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Page
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ARTICLE I. GENERAL PROVISIONS
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1
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1.1
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Purposes of the
Plan
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1
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1.2
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Definitions
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1
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1.3
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Stock Subject
to the Plan
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4
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1.4
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Administration
by Committee; Rules and Regulations
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5
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ARTICLE II. DESIGNATION OF PARENT AND
SUBSIDIARY CORPORATIONS
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5
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2.1
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Designation of
Parent and Subsidiary Corporation
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5
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ARTICLE III. GRANT OF OPTIONS TO ELIGIBLE
EMPLOYEES
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5
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3.1
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Option
Grants
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5
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3.2
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Exercise of
Options; Option Price
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7
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3.3
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Termination of
Employment
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7
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ARTICLE IV. WITHDRAWAL
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8
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4.1
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Withdrawal from
the Plan
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8
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ARTICLE V. OTHER PROVISIONS
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8
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5.1
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Changes in the
Stock and Corporate Events; Adjustment of Options
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8
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5.2
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Use of Funds;
No Interest Paid
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9
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5.3
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No Rights as an
Employee
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9
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5.4
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Designation of
Beneficiary
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9
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5.5
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Conditions to
Issuance of Stock Certificates
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10
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5.6
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Notification of
Disposition
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10
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5.7
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No Rights of
Stockholders until Shares Issued
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10
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5.8
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Amendment,
Suspension or Termination of the Plan
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10
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5.9
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Restriction
upon Assignment
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11
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5.10
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Effect upon
Other Plans
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11
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5.11
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Dividends
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11
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5.12
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Notices
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11
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5.13
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Term; Approval
by Stockholders
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12
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5.14
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Headings
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12
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i
ADVANCED MEDICAL OPTICS,
INC.
2002 EMPLOYEE STOCK PURCHASE
PLAN
ARTICLE I.
GENERAL PROVISIONS
1.1 Purposes of the Plan
Advanced Medical Optics, Inc., a
Delaware corporation (“AMO”), has adopted the Advanced
Medical Optics, Inc. 2002 Employee Stock Purchase Plan (the
“Plan”).
The purposes of the Plan are as
follows:
(1) To assist eligible employees of
AMO and its Designated Parent Corporations and Designated
Subsidiary Corporations (each as defined below) in acquiring
ownership of shares of Common Stock of AMO pursuant to a plan which
is intended to qualify as an “employee stock purchase
plan,” within the meaning of Section 423(b) of the Code (as
defined below).
(2) To help such employees provide
for their future security and to encourage them to remain in the
employment of AMO and its Parent Corporations and Subsidiary
Corporations.
1.2 Definitions
Whenever any of the following terms
is used in the Plan with the first letter or letters capitalized,
it shall have the following meaning unless context clearly
indicates to the contrary (such definitions to be equally
applicable to both the singular and the plural forms of the terms
defined):
(a) “Account” means the
account established for an Eligible Employee under the Plan with
respect to an Offering Period.
(b) “Agent” means the
brokerage firm, bank or other financial institution, entity or
person(s) engaged, retained, appointed or authorized to act as the
agent of AMO or an Employee with regard to the Plan.
(c) “Authorization”
means an Eligible Employee’s payroll deduction authorization
with respect to an Offering Period provided by such Eligible
Employee in accordance with Section 3.1(b).
(d) “Board” means the
Board of Directors of AMO.
(e) “Change in Control”
means the following and shall be deemed to occur if any of the
following events occur:
(i) Any “person,” as
such term is used in Sections 13(d) and 14(d) of the Exchange Act
(a “Person”), is or becomes the “beneficial
owner,” as defined in Rule 13d-3 under the Exchange Act
(a “Beneficial Owner”), directly or indirectly, of
securities of AMO representing (i) 20% or more of the combined
voting power of AMO’s then outstanding voting securities,
which acquisition is not approved in advance of the acquisition or
within 30 days after the acquisition by a majority of the Incumbent
Board (as hereinafter defined) or (ii) 33% or more of the combined
voting power of AMO’s then outstanding voting securities,
without regard to whether such acquisition is approved by the
Incumbent Board;
(ii) Individuals who, as of June 29,
2002, constitute the Board (the “Incumbent Board”),
cease for any reason to constitute at least a majority of the
Board, provided that any person becoming a Director
subsequent to June 29, 2002 whose election, or nomination for
election by AMO’s stockholders, is approved by a vote of at
least a majority of the Directors then comprising the Incumbent
Board (other than an election or nomination of an individual whose
initial assumption of office is in connection with an actual or
threatened election contest relating to the election of the
Directors of AMO, as such terms are used in Rule 14a-11 of
Regulation 14A promulgated under the Exchange Act) shall, for the
purposes of this Plan, be considered as though such person were a
member of the Incumbent Board of AMO;
1
(iii) The consummation of a merger,
consolidation or reorganization involving AMO, other than one which
satisfies both of the following conditions:
(A) a merger, consolidation or
reorganization which would result in the voting securities of AMO
outstanding immediately prior thereto continuing to represent
(either by remaining outstanding or by being converted into voting
securities of another entity) at least 55% of the combined voting
power of the voting securities of AMO or such other entity
resulting from the merger, consolidation or reorganization (the
“Surviving Corporation”) outstanding immediately after
such merger, consolidation or reorganization and being held in
substantially the same proportion as the ownership in AMO’s
voting securities immediately before such merger, consolidation or
reorganization, and
(B) a merger, consolidation or
reorganization in which no Person is or becomes the Beneficial
Owner, directly or indirectly, of securities of AMO representing
20% or more of the combined voting power of AMO’s then
outstanding voting securities; or
(iv) Complete liquidation of AMO or
a sale of all or substantially all of AMO’s
assets.
Additionally, notwithstanding the
preceding provisions of this subsection (e), a Change in Control
shall not be deemed to have occurred if the Person described in the
preceding provisions of this subsection (e) is (1) an underwriter
or underwriting syndicate that has acquired any of AMO’s then
outstanding voting securities solely in connection with a public
offering of AMO’s securities, (2) AMO or any subsidiary of
AMO or (3) an employee stock ownership plan or other employee
benefit plan maintained by the AMO or any of its subsidiaries that
is qualified under the provisions of the Code. In addition,
notwithstanding the preceding provisions of this subsection (e), a
Change in Control shall not be deemed to have occurred if the
Person described in the preceding provisions of this subsection (e)
becomes a Beneficial Owner of more than the permitted amount of
outstanding securities as a result of the acquisition of voting
securities by AMO which, by reducing the number of voting
securities outstanding, increases the proportional number of shares
beneficially owned by such Person, provided , that if a
Change in Control would occur but for the operation of this
sentence and such Person becomes the Beneficial Owner of any
additional voting securities (other than through the exercise of
options granted under any stock option plan of AMO or through a
stock dividend or stock split), then a Change in Control shall
occur.
(f) “Code” means the
Internal Revenue Code of 1986, as amended. Where the context so
requires, a reference to a particular Code section shall also refer
to any successor provision of the Code to such section.
(g) “Committee” means
the committee of the Board appointed to administer the Plan
pursuant to Section 1.4.
(h) “Common Stock” means
the shares of AMO’s Common Stock, $0.01 par value.
(i) “Compensation” of an
Employee means such Employee’s base earnings, and commissions
and similar incentive compensation, payable to an Eligible Employee
by AMO, any Designated Parent Corporation or any Designated
Subsidiary Corporation on each Payday as compensation for services
rendered, before any reduction elected by an Eligible Employee
under a Code Section 401(k) cash or deferred arrangement or a Code
Section 125 cafeteria plan.
(j) “Date of Exercise”
of any Option means the date on which such Option is exercised,
which shall be the last day of the Offering Period with respect to
which the Option was granted, in accordance with
Section 3.2(a) (except as provided in Section 5.1).
(k) “Date of Grant” of
any Option means the date on which such Option is granted, which
shall be the first day of the Offering Period with respect to which
the Option was granted, in accordance with
Section 3.1(a).
(l) “Designated Parent
Corporation” means any Parent Corporation designated by the
Board in accordance with Section 2.1.
(m) “Designated Subsidiary
Corporation” means any Subsidiary Corporation designated by
the Board in accordance with Section 2.1.
(n) “Disability” means
any mental or physical condition which, in the judgment of the
Committee, based on such competent medical evidence as the
Committee may require, renders an individual unable to engage in
any substantial gainful activity for AMO, or any Designated Parent
Corporation or any Designated Subsidiary Corporation for which
he
2
or she is reasonably fitted by
education, training, or experience and which condition can be
expected to result in death or which has lasted or can be expected
to last for a continuous period of at least twelve (12) months. The
determination by the Committee, upon opinion of a physician
selected by the Committee, as to whether an Employee has incurred a
Disability shall be final and binding on all persons. If the
employment of an Employee terminates upon the expiration of such
Employee’s medical leave of absence in accordance with the
medical leave of absence policies of AMO or the Parent Corporation
or Subsidiary Corporation employing such individual, as in effect
as of the effective date of the Plan, such termination of
employment shall be deemed to be due to a Disability.
(o) “Eligible Employee”
means an Employee of AMO, any Designated Parent Corporation or any
Designated Subsidiary Corporation who does not, immediately after
the Option is granted, own (directly or through attribution) stock
possessing five percent (5%) or more of the total combined voting
power or value of all classes of Common Stock or other stock of
AMO, a Parent Corporation or a Subsidiary Corporation (as
determined under Section 423(b)(3) of the Code). For purposes of
the foregoing, the rules of Section 424(d) of the Code with
regard to the attribution of stock ownership shall apply in
determining the stock ownership of an individual, and stock which
an Employee may purchase under outstanding options shall be treated
as stock owned by the Employee.
(p) “Employee” means an
individual who renders services to AMO, a Parent Corporation or a
Subsidiary Corporation in the status of an “employee,”
within the meaning of Code Section 3401(c). “Employee”
shall not include any director of AMO, a Parent Corporation or a
Subsidiary Corporation who does not render services to AMO, a
Parent Corporation or a Subsidiary Corporation in the status of an
“employee,” within the meaning of Code Section 3401(c).
During a leave of absence meeting the requirements of Treasury
Regulation Section 1.421-7(h)(2), an individual shall be
treated as an Employee of AMO or the Parent Corporation or
Subsidiary Corporation employing such individual immediately prior
to such leave.
(q) “Exchange Act” means
the Securities Exchange Act of 1934, as amended. Where the context
so requires, a reference to a particular section of the Exchange
Act shall also refer to any successor provision to such
section.
(r) “Fair Market Value”
means: (a) the closing price of a share of Common Stock on the
principal exchange on which shares of Common Stock are then
trading, if any (or as reported on any composite index which
includes such principal exchange), on the trading day previous to
such date, or if shares were not traded on the trading day previous
to such date, then on the next preceding date on which a trade
occurred, or (b) if Common Stock is not traded on an exchange but
is quoted on Nasdaq or a successor quotation system, the mean
between the closing representative bid and asked prices for the
Common Stock on the trading day previous to such date as reported
by Nasdaq or such successor quotation system, or (c) if Common
Stock is not publicly traded on an exchange and not quoted on
Nasdaq or a successor quotation system, the Fair Market Value of a
share of Common Stock as established by the Committee acting in
good faith.
(s) “International Purchase
Plan” means the Advanced Medical Optics, Inc. 2002
International Stock Purchase Plan, as amended.
(t) “Offering Period”
means:
(i) During the period commencing on
or after the date of adoption of the Plan and ending on October 1,
2004, “Offering Period” means each six-month period
commencing on any April 1 and October 1, or at such other time or
times or such other periods as may be determined by the Committee;
provided, however, that on a one-time basis, the Offering Period
commencing October 1, 2004 shall end on April 30, 2005.
(ii) After April 30, 2005,
“Offering Period” means each six-month period
commencing on any May 1 and November 1, or at such other time or
times or such other periods as may be determined by the
Committee.
(iii) Subject to Section 5.8 hereof,
the Committee shall have the power to change the duration and/or
frequency of Offering Periods with respect to future offerings and
shall use its best efforts to notify Employees of any such change
at least 15 days prior to the scheduled beginning of the first
Offering Period to be affected. In no event shall any Option
granted hereunder be exercisable more than 27 months from its Date
of Grant.
Options shall be granted on the Date
of Grant and exercised on the Date of Exercise, as provided in
Section 3.1(a) and 3.2(a), respectively.
3
(u) “Option” means an
option to purchase shares of Common Stock granted under the Plan to
an Eligible Employee in accordance with Section 3.1(a).
(v) “Option Price” means
the option price per share of Common Stock determined in accordance
with Section 3.2(b).
(w) “Parent Corporation”
means any corporation, other than AMO, in an unbroken chain of
corporations ending with AMO if, at the time of the granting of the
Option, each of the corporations other than AMO owns stock
possessing 50% or more of the total combined voting power of all
classes of stock in one of the other corporations in such
chain.
(x) “Payday” means the
regular and recurring established day for payment of Compensation
to an Employee of AMO, any Parent Corporation or any Subsidiary
Corporation.
(y) “Plan” means the
Advanced Medical Optics, Inc. 2002 Employee Stock Purchase Plan, as
amended.
(z) “Rule 16b-3” means
Rule 16b-3 promulgated by the Securities and Exchange Commission
under the Exchange Act, or, where the context so requires, any
successor provision to such Rule 16b-3.
(aa) “Subsidiary
Corporation” means any corporation, other than AMO, in an
unbroken chain of corporations beginning with AMO if, at the time
of the granting of the Option, each of the corporations other than
the last corporation in an unbroken chain owns stock possessing 50%
or more of the total combined voting power of all classes of stock
in one of the other corporations in such chain.
1.3 Stock Subject to the Plan
(a) Subject to the provisions of
Section 5.1 (relating to adjustments upon changes in the Common
Stock) and Section 5.8 (relating to amendments of the Plan), the
aggregate number of shares of Common Stock that may be sold
pursuant to Options granted under the Plan shall not exceed (i) the
number determined in accordance with subsection (b) below, less
(ii) the number of shares of Common Stock sold pursuant to options
granted under the International Purchase Plan.
(b) The aggregate number of shares
of Common Stock that may be sold pursuant to Options granted under
the Plan (before deduction for shares of Common Stock sold pursuant
to options granted under the International Purchase Plan, in
accordance with subsection (a) above) shall be determined as
follows:
(i) Initially, the lesser
of
(A) two hundred ninety thousand
(290,000) shares of Common Stock, or
(B) one percent (1%) of the shares
of Common Stock outstanding as of the June 29, 2002.
(ii) The number of shares set forth
in subparagraph (i) shall be increased each October 1 beginning
October 1, 2003 and ending (and including) October 1, 2004, by the
lesser of
(A) two hundred ninety thousand
(290,000) shares of Common Stock, or
(B) one percent (1%) of the shares
of Common Stock outstanding as of the last day of the second
quarter of the then current year as reported on AMO’s Form
10-Q for such quarter;
(iii) The number of shares set forth
in subparagraphs (i and ii) shall be increased each November 1
beginning November 1, 2005, and ending (and including), November 1,
2014, by the lesser of
(A) four hundred thousand (400,000)
shares of Common Stock, or
(B) one percent (1%) of the shares
of Common Stock outstanding as of the last day of the second
quarter of the then current year as reported on AMO’s Form
10-Q for such quarter;
provided, however
, that the Board may, by resolution
adopted prior to such November 1, substitute a lower number for
that provided pursuant to clauses (A) and (B) of this subparagraph
(iii).
(c) The shares of Common Stock sold
pursuant to Options granted under the Plan may be newly issued
shares or treasury shares of Common Stock, or shares of Common
Stock bought on the New York Stock Exchange or other nationally
recognized exchange, or other market.
4
1.4 Administration by Committee; Rules and
Regulations
(a) Appointment of Committee
. The Plan shall be administered by the Committee, which shall be
appointed by the Board and which shall be composed of not less than
two members of the Board, each of whom shall be a
“non-employee director” within the meaning of Rule
16b-3. Each member of the Committee shall serve for a term
commencing on a date specified by the Board and continuing until
the member dies, resigns or is removed from office by the Board.
The Committee in its discretion may utilize the services of an
agent to assist in the administration of the Plan, including
establishing and maintaining an individual securities account under
the Plan for each Employee.
(b) Duties and Powers of
Committee . It shall be the duty of the Committee to conduct
the general administration of the Plan in accordance with the
provisions of the Plan. The Committee shall have the power to
interpret the Plan and the terms of the Options and to adopt such
rules for the administration, interpretation, and application of
the Plan as are consistent therewith and to interpret, amend or
revoke any such rules. In its absolute discretion, the Board may at
any time and from time to time exercise any and all rights and
duties of the Committee under the Plan.
(c) Majority Rule . The
Committee shall act by a majority of its members in office. The
Committee may act either by vote at a meeting or by a memorandum or
other written instrument signed by a majority of the
Committee.
(d) Compensation; Professional
Assistance; Good Faith Actions . All expenses and liabilities
incurred by members of the Committee in connection with the
administration of the Plan shall be borne by AMO. The Committee may
employ attorneys, consultants, accountants, appraisers, brokers or
other persons. The Committee, AMO and its officers