Adaptec 2006 Annual Report Download - page 171

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Appendix A
Israeli Sub-Plan
1. Special Provisions for Israeli Tax Payers
1.1 This Appendix (the “Appendix”) to the PMC—Sierra, Inc.—2001 Stock Option Plan, as amended and restated effective as of June 9, 2003 (the
“Plan”) is effective as of , 2006 (the “Effective Date”).
1.2 The provisions specified hereunder apply only to persons who are deemed to be residents of the State of Israel for tax purposes, or are otherwise
subject to taxation in Israel with respect to Awards.
1.3 This Appendix applies with respect to grants of Options or Stock Purchase Rights under the Plan. The purpose of this Appendix is to establish
certain rules and limitations applicable to Options and Shares that may be granted or issued under the Plan from time to time, in compliance with the securities
and other applicable laws currently in force in the State of Israel. Except as otherwise provided by this Appendix, all grants made pursuant to this Appendix shall
be governed by the terms of the Plan. This Appendix is applicable only to grants made after the Effective Date. This Appendix complies with, and is subject to
the ITO and Section 102.
1.4 The Plan and this Appendix shall be read together. In any case of contradiction, whether explicit or implied, between the provisions of this
Appendix and the Plan, the provisions of this Appendix shall govern.
2. Definitions
Capitalized terms not otherwise defined herein shall have the meaning assigned to them in the Plan. The following additional definitions will apply
to grants made pursuant to this Appendix:
“3(i) Option” means an Option which is subject to taxation pursuant to Section 3(i) of the ITO which has been granted to any person who is not an
Eligible 102 Optionee.
“102 Capital Gains Track” means the tax alternative set forth in Section 102(b)(2) of the ITO pursuant to which income resulting from the sale of
Shares derived from Options is taxed as a capital gain.
“102 Capital Gains Track Grant” means a 102 Trustee Grant qualifying for the special tax treatment under the 102 Capital Gains Track.
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Source: PMC SIERRA INC, 10-K, March 01, 2007 Powered by Morningstar® Document Research℠