Preview | Employee Stock Purchase Plan [2003]

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Employee Stock Purchase Plan [2003]

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Title:

Employee Stock Purchase Plan [2003]

Entities:

iPass Inc.; LeapFrog Enterprises, Inc.; iPass Inc.

Date:

2003

Size:

Preview shows 2KB of 69KB total

Price:

$50

ID:

#114853

► Plans ► Purchase ► Stock ► Employee Stock Purchase Plans
► Consumer ► Recreational Products
► Technology ► Software & Programming

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                                                                    Exhibit 10.7



                                   iPASS INC.

                        2003 EMPLOYEE STOCK PURCHASE PLAN



               ADOPTED BY THE BOARD OF DIRECTORS: JANUARY 15, 2003

                      APPROVED BY STOCKHOLDERS: [_________]



1.       PURPOSE.



         (a)      The purpose of the Plan is to provide a means by which

Employees of the Company and certain designated Subsidiaries may be given an

opportunity to purchase shares of the Common Stock of the Company.



         (b)      The Company, by means of the Plan, seeks to retain the

services of such Employees, to secure and retain the services of new Employees

and to provide incentives for such persons to exert maximum efforts for the

success of the Company and its Related Corporations.



         (c)      The Company intends that the Purchase Rights be considered

options issued under an Employee Stock Purchase Plan.



2.       DEFINITIONS.



         (a)      "BOARD" means the Board of Directors of the Company.



         (b)      "COMMON STOCK" means the common stock of the Company.



         (c)      "CODE" means the Internal Revenue Code of 1986, as amended.



         (d)      "COMMITTEE" means a committee appointed by the Board in

accordance with Section 3(c) of the Plan.



         (e)      "COMPANY" means iPass Inc., a Delaware corporation.



         (f)      "CONTRIBUTIONS" means the payroll deductions, and other

additional payments specifically provided for in the Offering, that a

Participant contributes to fund the exercise of a Purchase Right. A Participant

may make additional payments into his or her account, if specifically provided

for in the Offering, and then only if the Participant has not already had the

maximum permitted amount through payroll deductions withheld during the

Offering.



         (g)      "CORPORATE TRANSACTION" means the occurrence, in a single

transaction or in a series of related transactions, of any one or more of the

following events:



                  (i)      a sale, lease, license or other disposition of all or

substantially all of the consolidated assets of the Company;

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