Crucial 2012 Annual Report Download - page 175

7.2. INCENTIVE STOCK OPTIONS. The terms of any Incentive Stock Options granted under the Plan must comply
with the following additional rules:
(a) EXERCISE PRICE. The exercise price of an Incentive Stock Option shall not be less than the Fair
Market Value as of the Grant Date.
(b) LAPSE OF OPTION. Subject to any earlier termination provision contained in the Award Certificate,
an Incentive Stock Option shall lapse upon the earliest of the following circumstances; provided, however, that the
Committee may, prior to the lapse of the Incentive Stock Option under the circumstances described in subsections (3),
(4) or (5) below, provide in writing that the Option will extend until a later date, but if an Option is so extended and is
exercised after the dates specified in subsections (3) and (4) below, it will automatically become a Nonstatutory Stock
Option:
(1) The expiration date set forth in the Award Certificate.
(2) The tenth anniversary of the Grant Date.
(3) Three months after termination of the Participant's Continuous Status as a Participant for
any reason other than the Participant's Disability or death.
(4) One year after the Participant's Continuous Status as a Participant by reason of the
Participant's Disability.
(5) One year after the termination of the Participant's death if the Participant dies while
employed, or during the period described in paragraph (3) or during the one-year period described
in paragraph (4) and before the Option otherwise lapses.
Unless the exercisability of the Incentive Stock Option is accelerated as provided in Article 14, if a Participant exercises
an Option after termination of employment, the Option may be exercised only with respect to the Shares that were otherwise
vested on the Participant's termination of employment. Upon the Participant's death, any exercisable Incentive Stock Options
may be exercised by the Participant's beneficiary, determined in accordance with Section 14.5.
(c) INDIVIDUAL DOLLAR LIMITATION. The aggregate Fair Market Value (determined as of the
Grant Date) of all Shares with respect to which Incentive Stock Options are first exercisable by a Participant in any
calendar year may not exceed $100,000.00.
(d) TEN PERCENT OWNERS. No Incentive Stock Option shall be granted to any individual who, at
the Grant Date, owns stock possessing more than ten percent of the total combined voting power of all classes of stock
of the Company or any Parent or Subsidiary unless the exercise price per share of such Option is at least 110% of the
Fair Market Value per Share at the Grant Date and the Option expires no later than five years after the Grant Date.
(e) EXPIRATION OF AUTHORITY TO GRANT INCENTIVE STOCK OPTIONS. No Incentive Stock
Option may be granted pursuant to the Plan after the day immediately prior to the tenth anniversary of the date the Plan
was adopted by the Board, or the termination of the Plan, if earlier.
(f) RIGHT TO EXERCISE. During a Participant's lifetime, an Incentive Stock Option may be exercised
only by the Participant or, in the case of the Participant's Disability, by the Participant's guardian or legal representative.
(g) ELIGIBLE GRANTEES. The Committee may not grant an Incentive Stock Option to a person who
is not at the Grant Date an employee of the Company or a Parent or Subsidiary.