Jamba Juice 2007 Annual Report Download - page 198
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18.
Except as otherwise provided in a Participant’s Stock Grant Agreement, in the event of a termination of service (whether as an employee, director or
consultant), other than termination “for cause,” Disability, or death for which events there are special rules in Paragraphs 19, 20, and 21, respectively, before
all Company rights of repurchase shall have lapsed, then the Company shall have the right to repurchase that number of Shares subject to a Stock Grant as to
which the Company’s repurchase rights have not lapsed.
19.
Except as otherwise provided in a Participant’s Stock Grant Agreement, the following rules apply if the Participant’s service (whether as an employee,
director or consultant) with the Company or an Affiliate is terminated “for cause”:
a. All Shares subject to any Stock Grant shall be immediately subject to repurchase by the Company at the purchase price, if any, thereof.
b. For purposes of this Plan, “cause” shall include (and is not limited to) dishonesty with respect to the employer, insubordination, substantial
malfeasance or non-feasance of duty, unauthorized disclosure of confidential information, breach by the Participant of any provision of any
employment, consulting, advisory, nondisclosure, non-competition or similar agreement between the Participant and the Company, and conduct
substantially prejudicial to the business of the Company or any Affiliate. The determination of the Administrator as to the existence of “cause” will
be conclusive on the Participant and the Company.
c. “Cause” is not limited to events which have occurred prior to a Participant’s termination of service, nor is it necessary that the Administrator’s
finding of “cause” occur prior to termination. If the Administrator determines, subsequent to a Participant’s termination of service, that either prior
or subsequent to the Participant’s termination the Participant engaged in conduct which would constitute “cause,” then the Company’s right to
repurchase all of such Participant’s Shares shall apply.
d. Any provision in an agreement between the Participant and the Company or an Affiliate, which contains a conflicting definition of “cause” for
termination and which is in effect at the time of such termination, shall supersede the definition in this Plan with respect to that Participant.
20.
Except as otherwise provided in a Participant’s Stock Grant Agreement, the following rules apply if a Participant ceases to be an employee, director or
consultant of the Company or of