LeapFrog 2013 Annual Report Download - page 129
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Please find page 129 of the 2013 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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The term of stock options granted to non-employee directors is 10 years unless earlier terminated based
on termination of continuous service or other conditions. In the event of a merger of LeapFrog with or into
another corporation or a consolidation, acquisition of assets or other change-in-control transaction, the vesting
of stock options and stock awards granted to non-employee directors will accelerate and become fully vested
and immediately exercisable, if, as of the completion of the change-in-control transaction or within 12 months
of such transaction, the non-employee director’s service terminates, provided that such acceleration will not
occur if the termination was a result of the non-employee director’s resignation (other than any resignation
contemplated by the terms of the change-in-control transaction or required by LeapFrog or the acquiring entity
pursuant to the change in control).
All existing equity awards granted to our non-employee directors are governed by the terms of the 2011
Plan, except those previously issued equity awards granted under, and governed by the terms of, our 2002
Non-employee Director Stock Award Plan prior to its suspension in October 2011.
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