Juno 2014 Annual Report Download - page 138

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(i) Participant contributions for each offering period shall be solely in the form of payroll deductions, and
(ii) the payroll deductions that each Participant may authorize for purposes of acquiring shares of Common Stock during an
offering period may be in any multiple of one percent (1%) of the Cash Earnings paid to that Participant during each Purchase Interval within such offering
period, up to a maximum of fifteen percent (15%), unless the Plan Administrator establishes a different maximum percentage prior to the start date of the
applicable offering period.
B. The rate of payroll deduction or other permitted form of contribution so authorized shall continue in effect throughout the offering
period, except to the extent such rate is changed in accordance with the following guidelines:
(i) The Participant may, at any time during the offering period, reduce the rate of his or her payroll deduction or other
permitted form of contribution to become effective as soon as administratively possible after filing the appropriate form with the Plan Administrator. The
Participant may not, however, effect more than one (1) such reduction per Purchase Interval.
(ii) The Participant may, at any time during the offering period, increase the rate of his or her payroll deduction or other
permitted form of contribution (up to the maximum percentage limit for that offering period) to become effective as soon as administratively possible after
filing the appropriate form with the Plan Administrator. The Participant may not, however, effect more than one (1) such increase per Purchase Interval.
(iii) The Participant may at any time reduce his or her rate of payroll deduction under the ESPP or other form of permitted
contribution to 0%. Such reduction shall become effective as soon as administratively practicable following the filing of the appropriate form with the Plan
Administrator. The Participant’s existing payroll deductions or other permitted contribution for the Purchase Interval in which such reduction occurs shall be
applied to the purchase of shares of Common Stock on the next scheduled Purchase Date.
C. Payroll deductions shall begin on the first pay day administratively feasible following the Participant’s Entry Date into the
offering period and shall (unless sooner terminated by the Participant) continue through the pay day ending with or immediately prior to the last day of that
offering period. To the extent the Plan Administrator authorizes other forms of contributions for an offering period, those permitted contributions shall be
collected in the manner specified by the Plan Administrator for that offering period. The payroll deductions or other permitted forms of contribution so
collected shall be credited to the Participant’s book account under the Plan, but no interest shall be paid on the balance from time to time outstanding in such
account, unless otherwise required by the terms of that offering period. Unless the Plan Administrator determines otherwise prior to the start of the applicable
offering period, the amounts collected from the Participant shall not be required to be held in any segregated account or trust fund and may be commingled
with the general assets of the Corporation and used for any corporate purpose.
4