8x8 2009 Annual Report Download - page 102

Download and view the complete annual report

Please find page 102 of the 2009 8x8 annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 161

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161

6. Incorporation of General Terms and Conditions
Notwithstanding anything herein to the contrary, this Award shall be subject to and governed
by all the terms and conditions of the Plan. Capitalized terms in this Agreement shall have the
meaning specified in the Plan, unless a different meaning is specified in this Agreement.
7. Transferability
This Agreement, and the right to purchase Shares pursuant to the Stock Purchase Right, may
not be transferred in any manner otherwise than by will or by the laws of descent or distribution and
may be exercised during the lifetime of Participant only by Participant. The terms of the Stock
Purchase Right shall be binding upon the executors, administrators, heirs, successors and assigns of
Participant.
8. Term of Stock Purchase Right
The Stock Purchase Right may not be exercised more than ten (10) years from the Award
Date set forth in this Agreement. The Shares may be purchased during the term of the Stock Purchase
Right only in accordance with the Plan and the terms of this Agreement.
9. Not Employment Contract
Nothing in this Agreement shall confer upon Participant any right to continue in the employ
of the Company or shall interfere with or restrict in any way the rights of the Company, which are
hereby expressly reserved, to discharge Participant at any time for any reason whatsoever, with or
without cause, subject to the provisions of applicable law.
10. Income Tax Withholding
(a) Participant hereby authorizes the Company to withhold shares of Common
Stock from the Shares to be issued pursuant hereto in order to satisfy the minimum tax withholding
obligation with respect to Participant.
(b) Participant authorizes the Company to withhold in accordance with applicable
law from any compensation payable to him or her any taxes required to be withheld by federal, state
or local laws as a result of the exercise of the Stock Purchase Right.
(b) Any adverse consequences incurred by Participant with respect to any tax in
connection with the award of the Stock Purchase Right or the issuance of Shares to Participant
pursuant thereto, shall be the sole responsibility of Participant.
3