Exhibit 4.1
DYNAMIC RESPONSE GROUP,
INC.
2009 EQUITY INCENTIVE
PLAN
TABLE OF CONTENTS
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1) PURPOSES OF THE
PLAN
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1
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2)
DEFINITIONS
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1
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3) COMPLIANCE WITH
APPLICABLE LAWS
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1
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4) EFFECTIVE DATE; TERM
OF PLAN
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2
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5) STOCK SUBJECT TO THE
PLAN
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2
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A ) S HARES S UBJECT TO THE P LAN
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2
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B ) L APSED A WARDS
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2
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C ) R ESERVATION OF S
HARES
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3
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6) ADMINISTRATION OF
PLAN
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3
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A ) P LAN A DMINISTRATOR
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3
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B ) P OWERS OF THE A DMINISTRATOR
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3
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C ) E FFECT OF A
DMINISTRATOR ’ S D
ECISION
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4
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D ) I NFORMATION TO BE
FURNISHED TO C
OMMITTEE
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5
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E ) L IABILITY AND I NDEMNIFICATION OF C
OMMITTEE
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5
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7) ELIGIBLE
PARTICIPANTS
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5
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8) STOCK
OPTIONS
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A ) L IMITATIONS
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6
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B ) T ERM OF O
PTION
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6
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C ) O PTION E XERCISE P RICE
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6
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D ) V ESTING AND E XERCISE D ATES
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7
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E ) F ORM OF C
ONSIDERATION
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7
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F ) P ROCEDURE FOR E XERCISE ;
R IGHTS AS A
S HAREHOLDER
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7
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G ) T ERMINATION OF R
ELATIONSHIP AS A
S ERVICE P ROVIDER
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8
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H ) D ISABILITY OF P
ARTICIPANT
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8
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I ) D EATH OF P
ARTICIPANT
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8
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9) RESTRICTED
STOCK
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9
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A ) G RANT OF R
ESTRICTED S TOCK
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9
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B ) R ESTRICTED S TOCK A GREEMENT
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9
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C ) T RANSFERABILITY
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9
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D ) O THER R ESTRICTIONS
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9
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E ) R EMOVAL OF R
ESTRICTIONS
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9
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F ) V OTING R IGHTS
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9
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G ) D IVIDENDS AND O THER D ISTRIBUTIONS
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9
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H ) R ETURN OF R
ESTRICTED S TOCK TO C
OMPANY
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10
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10) RESTRICTED STOCK
UNITS
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10
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A ) G RANT OF R
ESTRICTED S TOCK U NITS
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10
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B ) V ESTING C RITERIA AND O THER T ERMS
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10
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C ) E ARNING R ESTRICTED S TOCK U NITS
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10
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D ) F ORM AND T IMING OF P
AYMENT
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10
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E ) C ANCELLATION
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10
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11) STOCK APPRECIATION
RIGHTS
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10
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A ) G RANT OF S
TOCK A PPRECIATION R IGHTS
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10
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B ) N UMBER OF S
HARES
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11
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C ) E XERCISE P RICE AND O THER T ERMS
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11
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D ) S TOCK A PPRECIATION R IGHT A GREEMENT
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i
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E ) E XPIRATION OF S
TOCK A PPRECIATION R IGHTS
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11
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F ) P AYMENT OF S
TOCK A PPRECIATION R IGHT A MOUNT
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11
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12) PERFORMANCE UNITS AND
PERFORMANCE SHARES
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11
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A ) G RANT OF P
ERFORMANCE U NITS /S HARES
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11
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B ) V ALUE OF P
ERFORMANCE U NITS /S HARES
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11
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C ) P ERFORMANCE O BJECTIVES AND O THER T ERMS
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12
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D ) E ARNING OF P
ERFORMANCE U NITS /S HARES
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12
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E ) F ORM AND T IMING OF P
AYMENT OF P
ERFORMANCE U NITS /S HARES
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12
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F ) C ANCELLATION OF P
ERFORMANCE U NITS /S HARES
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12
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13) ADJUSTMENTS;
DISSOLUTION OR LIQUIDATION; MERGER OR CHANGE IN
CONTROL
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12
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A ) A DJUSTMENTS
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12
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B ) D ISSOLUTION OR L
IQUIDATION
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13
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C ) C HANGE IN C
ONTROL
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13
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14) TERMS AND CONDITIONS
OF AWARDS
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14
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A ) P ERFORMANCE C RITERIA
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14
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B ) N O E
FFECT ON E
MPLOYMENT OR S
ERVICE
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14
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C ) N O E
FFECT ON R
ETIREMENT AND O THER B ENEFIT P LANS
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14
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D ) D ATE OF G
RANT
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15
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E ) L EAVE OF A
BSENCE /C OMPANY T RANSFER
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15
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F ) R ESTRICTIONS ON T
RANSFER OF A
WARD
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15
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G ) W ITHHOLDING
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15
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H ) C OMPLIANCE WITH L AWS U PON D ELIVERY OF S
HARES
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16
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I ) I NVESTMENT A SSURANCES ;
R EPRESENTATION
AND W ARRANTIES OF P
ARTICIPANT
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16
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J ) I NABILITY TO O
BTAIN A UTHORITY
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16
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K ) R EGISTRATION OF S
HARES
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16
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L ) U NFUNDED O BLIGATION
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16
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15) AMENDMENT;
TERMINATION OF PLAN
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16) CONSTRUCTION OF
PLAN
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17) GOVERNING
LAW
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ii
DYNAMIC RESPONSE GROUP,
INC.
2009 EQUITY INCENTIVE
PLAN
Dynamic Response Group, Inc., a
Florida corporation (the “Company”), does herein set
forth the terms of the Dynamic Response Group, Inc. 2009 Equity
Incentive Plan (the “Plan”).
The purposes of this Plan are to
(a) attract and retain employees, directors and other persons
providing services to the Company and Affiliates; (b) motivate
Participants, by means of appropriate incentives, to achieve long
range goals; and (c) thereby promote the long term financial
interests of the Company. The Plan permits the grant of Incentive
Stock Options, Non-Statutory Stock Options, Restricted Stock,
Restricted Stock Units, Stock Appreciation Rights, Performance
Units and Performance Shares.
The definitions set forth on
Schedule A , as amended, shall apply as used herein and in
the individual Award Agreements except as defined otherwise in an
individual Award Agreement. In the event a term is separately
defined in an individual Award Agreement, such definition shall
supersede the definition contained in the Schedule to this
Section 2.
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3)
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COMPLIANCE WITH
APPLICABLE LAWS
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(a)
Compliance with Rule 16b-3 . This Plan is intended to comply
in all respects with Rule 16b-3 (“Rule 16b-3”)
promulgated by the Securities and Exchange Commission under the
Exchange Act, with respect to participants who are subject to
Section 16 of the Exchange Act, and any provision(s) herein
that is/are contrary to Rule 16b-3 shall be deemed null and void to
the extent appropriate by either the Committee or the
Board.
(b)
Compliance with Code .
(i)
Section 422 . With respect to Incentive Stock Options,
this Plan is intended to comply in every respect with
Section 422 of the Code and the regulations promulgated
thereunder. In the event any future statute or regulation shall
modify the existing statute, this Plan shall be deemed to
incorporate by reference such modification. Any Award Agreement
relating to any Award granted pursuant to this Plan outstanding and
unexercised at the time any modifying statute or regulation becomes
effective shall also be deemed to incorporate by reference such
modification, and no notice of such modification need be given to
such Service Provider. If any provision of this Plan is determined
to disqualify shares purchasable pursuant to an Award granted under
this Plan from the special tax treatment provided by the Code, such
provision shall be deemed null and void and to incorporate by
reference the modification required to qualify the shares for said
tax treatment.
(ii)
Section 162(m) . Notwithstanding any other provision of
the Plan, at such time as the Administrator of the Plan is a
Committee consisting solely of two or more Outside Directors and to
the extent that a grant to a Covered Employee under the Plan
complies with the exemption for “performance based”
compensation under Section 162(m) of the Code, subject to the
provisions of Section 13 relating to adjustments upon changes
in the shares of Common Stock, no Participant may be granted
(i) Options or Stock Appreciation Rights during any 36-month
period with respect to more than 2,000,000 Shares or
(ii) Restricted Stock, Performance
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Awards and/or Restricted Stock Unit Awards that
are denominated in Shares in any 36-month period with respect to
more than 1,000,000 Shares that are intended to comply with the
performance-based exception under Code
Section 162(m)
(collectively, the “Limitations”).
In addition to the foregoing, the maximum dollar value that may be
granted to any Participant for each 12 months in a Performance
Period with respect to Performance Awards that are intended to
comply with the performance-based exception under Code
Section 162(m) and are denominated in cash is $5,000,000. If
an Award is cancelled, the cancelled Award shall continue to be
counted toward the applicable Limitations (or, in the case of a
performance award denominated in cash, to be counted toward the
dollar amount in the preceding sentence).
(iii)
Section 409A . This Plan is intended to comply and
shall be administered in a manner that is intended to comply with
Section 409A of the Code and shall be construed and
interpreted in accordance with such intent. To the extent that an
Award or the payment, settlement or deferral thereof is subject to
Section 409A of the Code, the Award shall be granted, paid,
settled or deferred in a manner that will comply with
Section 409A of the Code, including regulations or other
guidance issued with respect thereto, except as otherwise
determined by the Committee. Any provision of this Plan that would
cause the grant of an Award or the payment, settlement or deferral
thereof to fail to satisfy Section 409A of the Code shall be
amended to comply with Section 409A of the Code on a timely
basis, which may be made on a retroactive basis, in accordance with
regulations and other guidance issued under Section 409A of
the Code.
(c)
Compliance with Other Laws and Regulations . The Plan, the
grant and exercise of Awards thereunder, and the obligation of the
Company to sell and deliver Shares under such Awards, shall be
subject to all applicable federal and state laws, rules, and
regulations and to such approvals by any government or regulatory
agency as may be required. No Award may be exercised if its
exercise or the receipt of Shares pursuant thereto would be
contrary to applicable laws.
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4)
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EFFECTIVE DATE;
TERM OF PLAN
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The Plan was adopted by the Board of
Directors and the holders of a majority of the holders of the
voting stock of the Company on July 7, 2009 (the
“Effective Date). The Plan will continue in effect for a term
of ten (10) years from the Effective Date, unless terminated
earlier under Section 15 of the Plan.
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5)
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STOCK SUBJECT
TO THE PLAN
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a) Shares
Subject to the Plan
Subject to the provisions of
Section 13 of the Plan, the maximum aggregate number of shares
of Common Stock that may be issued under the Plan is
5,000,000 Shares. The Common Stock subject to the Plan may
be authorized but unissued shares or reacquired shares bought on
the market or otherwise.
b) Lapsed
Awards
If an Award expires or becomes
unexercisable without having been exercised in full, or, with
respect to Restricted Stock, Restricted Stock Units, Performance
Units or Performance Shares, is forfeited to or repurchased by the
Company due to failure to vest, the unpurchased Shares (or for
Awards other than Options or Stock Appreciation Rights the
forfeited or repurchased Shares) which were subject thereto will
become available for future grant or sale under the Plan (unless
the Plan has terminated). With respect
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to Stock Appreciation Rights, only Shares
actually issued pursuant to a Stock Appreciation Right will cease
to be available under the
Plan; all remaining Shares under Stock
Appreciation Rights will remain available for future grant or sale
under the Plan (unless the Plan has terminated). Shares that have
actually been issued under the Plan under any Award will not be
returned to the Plan and will not become available for future
distribution under the Plan; provided, however, that if Shares
issued pursuant to Awards of Restricted Stock, Restricted Stock
Units, Performance Shares or Performance Units are repurchased by
the Company or are forfeited to the Company, such Shares will
become available for future grant under the Plan. Shares used to
pay the exercise price of an Award or to satisfy the tax
withholding obligations related to an Award will become available
for future grant or sale under the Plan. To the extent an Award
under the Plan is paid out in cash rather than Shares, such cash
payment will not result in reducing the number of Shares available
for issuance under the Plan. Notwithstanding the foregoing and,
subject to adjustment as provided in Section 13, the maximum
number of Shares that may be issued upon the exercise of Incentive
Stock Options will equal the aggregate Share number stated in
Section 5(a), plus, to the extent allowable under
Section 422 of the Code and the Treasury Regulations
promulgated thereunder, any Shares that become available for
issuance under the Plan pursuant to Sections 3(b) and
3(c).
c)
Reservation of Shares
During the term of this Plan, the
Company will at all time reserve and keep available such number of
Shares as will be sufficient to satisfy the requirements of the
Plan.
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6)
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ADMINISTRATION
OF PLAN
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a) Plan
Administrator
The Plan shall be administered by
the Board of Directors until such time as a committee of not less
than two directors (the “Committee”) shall be
appointed. In the discretion of the Board, a Committee may consist
solely of two or more Outside Directors, in accordance with
Section 162(m) of the Code, and/or solely of two or more
Non-Employee Directors, in accordance with Rule 16b-3. Within the
scope of such authority, the Board or the Committee may
(1) delegate to a committee of one or more members of the
Board who are not Outside Directors the authority to grant Awards
to eligible persons who are either (a) not then Covered
Employees and are not expected to be Covered Employees at the time
of recognition of income resulting from such Award or (b) not
persons with respect to whom the Company wishes to comply with
Section 162(m) of the Code and/or) (2) delegate to a
committee of one or more members of the Board who are not
Non-Employee Directors the authority to grant Awards to eligible
persons who are not then subject to Section 16 of the Exchange
Act.
The members of the Committee shall
serve at the pleasure of the Board, which may remove members from
the Committee or appoint new members to the Committee from time to
time, and members of the Committee may resign by written notice to
the Chairman of the Board or the Secretary of the
Company.
b) Powers
of the Administrator
Subject to the provisions of the
Plan, and in the case of a Committee, subject to the specific
duties delegated by the Board to such Committee, the Administrator
will have the authority, in its discretion:
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i) to select
the Employees, Directors and Consultants to whom Awards may be
granted from time to time hereunder;
ii) to
determine whether and to what extent Awards are granted
hereunder;
iii) to
determine the number of Shares or the amount of other consideration
to be covered by each Award granted hereunder;
iv) to
approve forms of Award Agreements for use under the
Plan;
v) to
determine the terms and conditions of any Award granted
hereunder;
vi) to
determine the terms and conditions, not inconsistent with the terms
of the Plan, of any Award granted hereunder. Such terms and
conditions include, but are not limited to, the exercise price, the
time or times when Awards may be exercised (which may be based on
performance criteria), any vesting acceleration or waiver of
forfeiture restrictions, and any restriction or limitation
regarding any Award or the Shares relating thereto, based in each
case on such factors as the Administrator will
determine;
vii) to
construe and interpret the terms of the Plan and Awards, including
without limitation, any notice of award or Award Agreement, granted
pursuant to the Plan;
viii) to
prescribe, amend and rescind rules and regulations relating to the
Plan, including rules and regulations relating to sub-plans
established for the purpose of satisfying applicable foreign
laws;
ix) to modify
or amend each Award (subject to Section 15 of the Plan),
including but not limited to the discretionary authority to extend
the post-termination exercise period of Awards and to extend the
maximum term of an Option (subject to Section 8(b) regarding
Incentive Stock Options);
x) allow
Participants to satisfy withholding tax obligations in such manner
as prescribed in Section 14(g);
xi) to
authorize any person to execute on behalf of the Company any
instrument required to effect the grant of an Award previously
granted by the Administrator;
xii) to allow
a Participant to defer the receipt of the payment of cash or the
delivery of Shares that would otherwise be due to such Participant
under an Award; and
xiii) to make
all other determinations deemed necessary or advisable for
administering the Plan and to take such other action, not
inconsistent with the terms of the Plan, as the Administrator deems
appropriate.
c) Effect
of Administrator’s Decision
The express grant in the Plan of any
specific power to the Administrator shall not be construed as
limiting any power or authority of the Administrator; provided that
the Administrator may not exercise any right or power reserved to
the Board. Any decision made, or action taken, by the Administrator
or in connection with the administration of this Plan shall be
final, conclusive and binding on all persons having an interest in
the Plan.
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d)
Information to be furnished to Committee
The Company and Affiliates shall
furnish the Committee such data and information as may be required
for it to discharge its duties. The records of the Company and
Affiliates as to an Employee or Participant’s employment (or
other provision of services), termination of employment (or
cessation of the provision of services), leave of absence,
reemployment and compensation shall be conclusive on all persons
unless determined to be incorrect. Participants and other persons
entitled to benefits under the Plan must furnish the Committee such
evidence, data or information, as the Committee considers desirable
to carry out the terms of the Plan.
e)
Liability and Indemnification of Committee
No member or authorized delegate of
the Committee shall be liable to any person for any action taken or
omitted in connection with the administration of the Plan unless
attributable to his own fraud, dishonesty, or willful misconduct;
nor shall the Company or any Affiliate be liable to any person for
any such action unless attributable to fraud, dishonesty, or
willful misconduct on the part of a Director or employee of the
Company or Affiliate. The Committee, the individual members
thereof, and persons acting as the authorized delegates of the
Committee under the Plan, shall be indemnified by the Company
against any and all liabilities, losses, costs and expenses
(including legal fees and expenses) of whatsoever kind and nature
which may be imposed on, incurred by or asserted against the
Committee or its members or authorized delegates by reason of the
performance of a Committee function if the Committee or its members
or authorized delegates did not act fraudulently, dishonestly or in
willful violation of the law or regulation under which such
liability, loss, cost or expense arises. This indemnification shall
not duplicate but may supplement any coverage available under any
applicable insurance.
(a) Non-Statutory Stock
Options, Stock Appreciation Rights, Restricted Stock, Restricted
Stock Units, Performance Shares and Performance Units may be
granted to any Employee, Director or Consultant of the Company or
Affiliate; except that a Consultant who performs services to the
Company or any of its Subsidiaries shall be eligible to participate
in the Plan only if the Consultant renders bona fide services and
such services are not in connection with the offer or sale of
securities in a capital-raising transaction.
(b) Incentive
Stock Options may be granted only to an Employee of the Company or
a Subsidiary of the Company who has been employed (provided that a
bona fide employer/employee relationship exists) by the Company or
by any Subsidiary of the Company for a continuous period of at
least 60 days.
(c) A Service
Provider who has been granted an Award may, if otherwise eligible,
may be granted additional Awards.
(d) The
Administrator may issue Awards under the Plan in settlement,
assumption or substitution for, outstanding awards or obligations
to grant future awards in connection with the Company or a
Affiliate acquiring another entity, an interest in another entity
or an additional interest in a Affiliate whether by merger, stock
purchase, asset purchase or other form of transaction.
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a)
Limitations
Each Option will be designated in
the Award Agreement as either an Incentive Stock Option or a
Non-Statutory Stock Option. However, notwithstanding such
designation, an Option will qualify as an Incentive Stock Option
under the Code only to the extent the $100,000 dollar limitation of
Section 422(d) of the Code is not exceeded. The $100,000
limitation of Section 422(d) of the Code is calculated based
on the aggregate Fair Market Value of the Shares subject to Options
designated as Incentive Stock Options which become exercisable for
the first time by a Service Provider during any calendar year
(under all plans of the Company or Affiliate). For purposes of this
calculation, Incentive Stock Options shall be taken into account in
the order in which they were granted, and the Fair Market Value of
the Shares shall be determined as of the grant date of the relevant
Option.
b) Term
of Option
The term of each Option will be
stated in the Award Agreement. In the case of an Incentive Stock
Option, the term will be ten (10) years from the date of grant
or such shorter term as may be provided in the Award Agreement.
Moreover, in the case of an Incentive Stock Option granted to a
Participant who, at the time the Incentive Stock Option is granted,
owns stock representing more than ten percent (10%) of the
total combined voting power of all classes of stock of the Company
or Affiliate, the term of the Incentive Stock Option will be five
(5) years from the date of grant or such shorter term as may
be provided in the Award Agreement.
c) Option
Exercise Price
The per share exercise price for the
Shares to be issued pursuant to exercise of an Option will be
determined by the Administrator, subject to the
following:
i) In the
case of an Incentive Stock Option granted to (1) an Employee
who, at the time the Incentive Stock Option is granted, owns stock
representing more than ten percent (10%) of the voting power
of all classes of stock of the Company or any Affiliate, the per
Share exercise price will be no less than one hundred ten percent
(110%) of the Fair Market Value per Share on the date of
grant; or (2) granted to any Employee other than an Employee
described in (1) immediately above, the per Share exercise
price will be no less than one hundred percent (100%) of the
Fair Market Value per Share on the date of grant.
ii) In the
case of a Non-Statutory Stock Option, the per Share exercise price
will be no less than one hundred percent (100%) of the Fair
Market Value per Share on the date of grant.
iii) Notwithstanding the
foregoing, Options may be granted with a per Share exercise price
of less than one hundred percent (100%) of the Fair Market
Value per Share on the date of grant pursuant to a transaction
described in, and in a manner consistent with, Section 424(a)
of the Code.
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d)
Vesting and Exercise Dates
The total number of shares of Common
Stock subject to an Option may, but need not, vest and therefore
become exercisable in periodic installments that may, but need not,
be equal. The Option may be subject to such other terms and
conditions on the time or times when it may be exercised (which may
be based on performance or other criteria) as the Administrator may
deem appropriate. The vesting provisions of individual Options may
vary and at the time an Option is granted, the Administrator will
fix the period within which the Option may be exercised and will
determine any conditions that must be satisfied before the Option
may be exercised.
e) Form
of Consideration
The Administrator will determine the
acceptable form of consideration for exercising an Option,
including the method of payment. In the case of an Incentive Stock
Option, the Administrator will determine the acceptable form of
consideration at the time of grant. Such consideration may consist
of (i) cash; (ii) other Shares, provided that such Shares
have a Fair Market Value on the date of surrender equal to the
aggregate exercise price of the Shares as to which such Option will
be exercised and provided that accepting such Shares, in the sole
discretion of the Administrator, will not result in any adverse
accounting consequences to the Company; (iii) any other form
of legal consideration that may be acceptable to the Board (which
includes a cashless exercise election); (iv) any combination
of the foregoing methods of payment; or (v) such other
consideration and method of payment for the issuance of Shares to
the extent permitted by Applicable Laws.
f)
Procedure for Exercise; Rights as a Shareholder
i) Any Option
granted hereunder will be exercisable according to the terms of the
Plan and at such times and under such conditions as determined by
the Administrator and set forth in the Award Agreement. An Option
may not be exercised for a fraction of a Share.
ii) An Option
will be deemed exercised when the Company receives: (i) notice
of exercise (in such form as the Administrator may specify from
time to time) from the person entitled to exercise the Option; and
(ii) full payment for the Shares with respect to which the
Option is exercised (together with applicable withholding taxes).
Full payment may consist of any consideration and method of payment
authorized by the Administrator and permitted by the Award
Agreement and the Plan. Shares issued upon exercise of an Option
will be issued in the name of the Participant or, if requested by
the Participant, in the name of the Participant and his or her
spouse. Until the Shares are issued (as evidenced by the
appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company), no right to vote or
receive dividends or any other rights as a shareholder will exist
with respect to the Shares subject to an Option, notwithstanding
the exercise of the Option. The Company will issue (or cause to be
issued) such Shares promptly after the Option is exercised. No
adjustment will be made for a dividend or other right for which the
record date is prior to the date the Shares are issued, except as
provided in Section 13 of the Plan.
iii) Exercising an Option
in any manner will decrease the number of Shares thereafter
available, both for purposes of the Plan and for sale under the
Option, by the number of Shares as to which the Option is
exercised.
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g)
Termination of Relationship as a Service Provider
Unless otherwise determined by the
Board at or after the time of grant, in the event a
Participant’s employment shall terminate for Cause, any Stock
Option granted to such Participant which is then outstanding shall
be canceled and shall terminate.
If a Participant ceases to be a
Service Provider, other than termination for Cause or termination
as the result of the Participant’s death or Disability, the
Participant may exercise his or her Option within such period of
time as is specified in the Award Agreement to the extent that the
Option is vested on the date of termination (but in no event later
than the expiration of the term of such Option as set forth in the
Award Agreement). In the absence of a specified time in the Award
Agreement, the Option will remain exercisable for three
(3) months following the Participant’s termination or
such other date as required under Section 422 of the Code.
Unless otherwise provided by the Administrator, if on the date of
termination the Participant is not vested as to his or her entire
Option, the Shares covered by the unvested portion of the Option
will revert to the Plan. If after termination the Participant does
not exercise his or her Option within the time specified by the
Administrator, the Option will terminate, and the Shares covered by
such Option will revert to the Plan.
h)
Disability of Participant
If a Participant ceases to be a
Service Provider as a result of the Participant’s Disability,
the Participant may exercise his or her Option within such period
of time as is specified in the Award Agreement to the extent the
Option is vested on the date of termination (but in no event later
than the expiration of the term of such Option as set forth in the
Award Agreement). In the absence of a specified time in the Award
Agreement, the Option will remain exercisable for twelve
(12) months following the Participant’s termination.
Unless otherwise provided by the Administrator, if on the date of
termination the Participant is not vested as to his or her entire
Option, the Shares covered by the unvested portion of the Option
will revert to the Plan. If after termination the Participant does
not exercise his or her Option within the time specified herein,
the Option will terminate, and the Shares covered by such Option
will revert to the Plan.
i) Death
of Participant
If a Participant dies while a
Service Provider, the Option may be exercised following the
Participan