Juno 2014 Annual Report Download - page 136

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
A. Shares of Common Stock shall be offered for purchase under the Plan through a series of successive offering periods until such
time as (i) the maximum number of shares of Common Stock available for issuance under the Plan shall have been purchased or (ii) the Plan shall have been
sooner terminated.
B. Unless otherwise specified by the Plan Administrator prior to the start of the applicable offering period:
(i) each offering period shall have a duration of twenty-four (24) months, and
(ii) offering periods shall commence on the first business day of May and the first business day of November each year.
C. The terms and conditions of each offering period may vary, and two or more offerings periods may run concurrently under the Plan,
each with its own terms and conditions. In addition, special offering periods may be established with respect to entities that are acquired by the Corporation
(or any subsidiary of the Corporation) or under such other circumstances as the Plan Administrator deems appropriate. In no event, however, shall the terms
and conditions of any offering period contravene the express limitations and restrictions of the Plan, and the participants in each separate offering period
shall have equal rights and privileges under that offering in accordance with the requirements of Section 423(b)(5) of the Code and the applicable Treasury
Regulations thereunder.
D. Unless otherwise specified by the Plan Administrator prior to the start of the applicable offering period, each offering period shall
be comprised of four successive Purchase Intervals. Purchase Intervals shall run from the first business day in May to the last business day in October each
year and from the first business day in November each year to the last business day in April in the following year, unless otherwise specified by the Plan
Administrator prior to the start of the applicable offering period.
E. Notwithstanding the foregoing, the initial offering period under the Plan shall commence on the day immediately following the
Spin-Off Date. If the Spin-Off Date is prior to October 31, 2013, the initial offering period shall have a duration equal to 24 months plus the number of whole
months between the Spin-Off Date through and including October 31, 2013, with the first Purchase Interval equal to the number of months in the initial
offering period minus 18 months, and then three successive six-month Purchase Intervals. If the Spin-Off Date is on October 31, 2013, the initial offering
period shall have a duration equal to 24 months, with four successive six-month Purchase Intervals. If the Spin-Off Date is after October 31, 2013, the initial
offering period shall have a duration equal to 24 months minus the number of whole months between November 1, 2013 and the Spin-Off Date, with the first
Purchase Interval equal to the number of months in the initial offering period minus 18 months, and then three successive six-month Purchase Intervals.
Notwithstanding any other provision of the Plan, purchase rights granted to Participants in the initial offering period shall be subject to (a) stockholder
approval of the Plan at the 2013 Special Stockholders Meeting and (b) the consummation of the transactions
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