Plantronics 2001 Annual Report Download - page 25

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Long lived assets:
United States $ 17,791 $ 15,371 $ 19,980
International 2,532 8,206 12,703
$ 20,323 $ 23,577 $ 32,683
10. Stock Option Plans and Stock Purchase Plans
Stock Option Plan. In September 1993, the Board of Directors approved the PI Parent Corpo-
ration 1993 Stock Option Plan (the “1993 Stock Option Plan”). Under the 1993 Stock Option
Plan, 18,927,726 shares of Common Stock (which number is subject to adjustment in the
event of stock splits, reverse stock splits, recapitalization or certain corporate reorganiza-
tions) are reserved cumulatively since inception for issuance to employees and consultants
of Plantronics, as approved by the Compensation Committee of the Board of Directors and
the Stock Option Plan Committee (comprised of the CEO and a representative of the
Finance, Human Resources, and Legal departments). The reserved shares include 2,550,000
shares, which were authorized by the Board of Directors and approved by the stockholders
for issuance in fiscal year 2001. The 1993 Stock Plan, which has a term of ten years, provides
for incentive stock options as well as nonqualified stock options to purchase shares of
Common Stock. The Board of Directors may terminate the 1993 Stock Option Plan at any
time at its discretion.
Incentive stock options may not be granted at less than 100% of the estimated fair market
value of our Common Stock at the date of grant, as determined by the Board of Directors,
and the option term may not exceed 10 years. For holders of 10% or more of the total com-
bined voting power of all classes of our stock, incentive stock options may not be granted at
less than 110% of the estimated fair market value of the Common Stock at the date of grant
and the option term may not exceed five years. Nonqualified stock options may be granted
at less than fair market value, provided however, that all stock options granted on or after
May 16, 2001 may not be granted at less than 100% of the estimated fair market value of our
common stock at the date of grant.
Options granted prior to June 1999 generally vest over a four year period and those options
granted subsequent to June 1999 generally vest over a five year period. In July 1999, the
Stock Option Plan Committee was authorized to make option grants to employees who are
not senior executives pursuant to guidelines approved by the Compensation Committee and
subject to quarterly reporting to the Compensation Committee.
Plantronics 2001 Annual Report 21