Juno 2014 Annual Report Download - page 139

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D. Payroll deductions or other permitted form of contribution shall automatically cease upon the termination of the Participant’s
purchase right in accordance with the provisions of the Plan. The Participant’s acquisition of Common Stock under the Plan on any Purchase Date shall
neither limit nor require the Participant’s acquisition of Common Stock on any subsequent Purchase Date, whether within the same or a different offering
period.

 A Participant shall be granted a separate purchase right for each offering period in which he or she
participates. The purchase right shall be granted on the Participant’s Entry Date into the offering period. Unless the Plan Administrator determines otherwise
prior to the start date of the applicable offering period and subject to the limitations of Article VIII below, each purchase right granted for an offering period
shall provide the Participant with the right to purchase up to 1,963 shares of Common Stock on each Purchase Date within that offering period for a maximum
of 7,852 shares of Common Stock for an offering period comprised of four Purchase Intervals. The Participant shall execute a stock purchase agreement
embodying such terms and such other provisions (not inconsistent with the Plan) as the Plan Administrator may deem advisable.
Under no circumstances shall purchase rights be granted under the Plan to any Eligible Employee if such individual would, immediately
after the grant, own (within the meaning of Code Section 424(d)) or hold outstanding options or other rights to purchase, stock possessing five percent (5%)
or more of the total combined voting power or value of all classes of stock of the Corporation or any Corporate Affiliate.
 Each purchase right shall be automatically exercised in installments on each successive Purchase
Date within the offering period, and shares of Common Stock shall accordingly be purchased on behalf of each Participant (other than Participants whose
payroll deductions or other contributions have previously been refunded pursuant to the Termination of Purchase Right provisions below) on each such
Purchase Date. The purchase shall be effected by applying the Participant’s payroll deductions or other form of contribution for the Purchase Interval ending
on such Purchase Date to the purchase of whole shares of Common Stock at the purchase price in effect for the Participant for that Purchase Date.
 The purchase price per share at which Common Stock will be purchased on the Participant’s behalf on each
Purchase Date within the offering period will be established by the Plan Administrator prior to the start of that offering period, but in no event shall such
purchase price be less than eighty-five percent (85%) of the lower of (i) the Fair Market Value per share of Common Stock on the Participant’s Entry Date into
that offering period or (ii) the Fair Market Value per share of Common Stock on that Purchase Date.
 The number of shares of Common Stock purchasable by a Participant on each Purchase Date
during the offering period shall be the number of whole shares obtained by dividing the amount collected from the Participant through payroll deductions or
other permitted form of contribution during the Purchase
5