Juno 2014 Annual Report Download - page 142

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shall make a pro-rata allocation of the available shares on a uniform and nondiscriminatory basis, and the payroll deductions or other permitted form of
contribution of each Participant, to the extent in excess of the aggregate purchase price payable for the Common Stock pro-rated to such individual, shall be
refunded.
 The shares purchased on behalf of each Participant shall be deposited directly into a brokerage account
which the Corporation shall establish for the Participant at a Corporation-designated brokerage firm. The account will be known as the ESPP Broker Account.
Except as otherwise provided below, the deposited shares may not be transferred (either electronically or in certificate form) from the ESPP Broker Account
until the later of the following two periods: (i) the end of the two (2)-year period measured from the Participant’s Entry Date into the offering period in which
the shares were purchased and (ii) the end of the one (1)-year measured from the actual purchase date of those shares. Such limitation shall apply both to
transfers to different accounts with the same ESPP broker and to transfers to other brokerage firms. Any shares held for the required holding period may be
transferred (either electronically or in certificate form) to other accounts or to other brokerage firms.
The foregoing procedures shall not in any way limit when the Participant may sell his or her shares. Those procedures are designed solely
to assure that any sale of shares prior to the satisfaction of the required holding period is made through the ESPP Broker Account. In addition, the Participant
may request a stock certificate or share transfer from his or her ESPP Broker Account prior to the satisfaction of the required holding period should the
Participant wish to make a gift of any shares held in that account. However, shares may not be transferred (either electronically or in certificate form) from the
ESPP Broker Account for use as collateral for a loan, unless those shares have been held for the required holding period.
The foregoing procedures shall apply to all shares purchased by the Participant under the Plan, whether or not the Participant continues in
Employee status.
The purchase right shall be exercisable only by the Participant and shall not be assignable or transferable by the
Participant.
A Participant shall have no stockholder rights with respect to the shares subject to his or her outstanding
purchase right until the shares are purchased on the Participant’s behalf in accordance with the provisions of the Plan and the Participant has become a holder
of record of the purchased shares.

A. No Participant shall be entitled to accrue rights to acquire Common Stock pursuant to any purchase right outstanding under the
Plan if and to the extent such accrual, when aggregated with (i) rights to purchase Common Stock accrued under any other purchase right granted under the
Plan and (ii) similar rights accrued under other employee stock purchase plans (within the meaning of Code Section 423) of the Corporation or any Corporate
Affiliate, would otherwise permit such Participant to purchase more than Twenty-Five Thousand Dollars ($25,000.00) worth of stock of the Corporation or
any Corporate Affiliate (determined on the
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