LeapFrog 2005 Annual Report Download - page 148
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Please find page 148 of the 2005 LeapFrog annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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for nine months following termination of his employment and (3) a pro rata portion of any bonus that he would,
but for the termination, otherwise have earned in the year of his last day of employment. In addition, all unvested
stock options held by Mr. Chiasson will accelerate vesting such that the number of shares that would otherwise
vest within a twelve-month period under each option grant will become fully exercisable as of Mr. Chiasson’s
separation date with us.
If we terminate Mr. Chiasson’s employment without cause during the 90 days prior to or 12 months
following a change in control (as defined in the agreement) of LeapFrog, or if he terminates his employment for
good reason during the same period, Mr. Chiasson would be entitled to receive (1) a lump sum payment in an
amount equivalent to twelve months of his then current base salary base salary, (2) reimbursement for COBRA
payments for twelve months following termination of his employment and (3) any bonus that he would, but for
the termination, otherwise have earned in the year of his last day of employment. In addition, one-half of the
unvested shares subject to all options held by Mr. Chiasson would immediately vest upon the effective date of
the change in control and the remaining unvested shares would continue to vest pursuant to the terms of the stock
option agreements.
37