EX-10.2
from 8-K
16 pages
Purpose. the Purpose of the Plan Is to Provide Employees of the Company and Its Designated Subsidiaries With an Opportunity to Purchase Common Stock Through Accumulated Contributions. This Plan Includes Two Components: A Code Section 423 Plan Component and a Non-423 Plan Component. the Company’s Intention Is to Have the Code Section 423 Plan Component Qualify as an “Employee Stock Purchase Plan” Under Section 423 of the Code and the Provisions of the Plan With Respect to the Code Section 423 Component, Accordingly, Will Be Construed So as to Extend and Limit Plan Participation in a Uniform and Nondiscriminatory Basis Consistent With the Requirements of Section 423 of the Code. in Addition, This Plan Authorizes the Grant of Options Under the Non-423 Plan Component That Do Not Qualify Under Section 423 of the Code, Pursuant to Rules, Procedures or Sub-Plans Adopted by the Administrator That Are Designed to Achieve Tax, Securities Laws or Other Objectives for Eligible Employees and/or the Company. Except as Otherwise Indicated, the Non-423 Plan Component Will Operate and Be Administered in the Same Manner as the Code Section 423 Plan Component. 2. Definitions. (A) “Administrator” Means the Board or Any Committee Designated by the Board to Administer the Plan Pursuant to Section 14
12/34/56
