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Title: |
Stock Option Assumption Agreement |
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Entities: |
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Date: |
2000 |
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Size: |
Preview shows 2KB of 7KB total |
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Price: |
$32 |
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ID: |
#291903 |
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EFFECTIVE DATE: SEPTEMBER 8, 2000
CISCO SYSTEMS, INC.
STOCK OPTION ASSUMPTION AGREEMENT
Dear{{Name}}:
As you know, on September 8, 2000 (the "Closing Date") Cisco Systems, Inc.
("Cisco") acquired NuSpeed, Inc. ("NuSpeed") (the "Acquisition"). In the
Acquisition, each share of NuSpeed common stock was exchanged for 0.61747658 of
a share of Cisco common stock (the "Exchange Ratio"). On the Closing Date you
held one or more outstanding options to purchase shares of NuSpeed common stock
granted to you under the NuSpeed 2000 Stock Incentive Plan (the "Plan") and
documented with a Stock Option Agreement(s) and any amendment(s) or waiver(s)
thereto (collectively, the "Option Agreement") issued to you under the Plan (the
"NuSpeed Options"). In accordance with the Acquisition, on the Closing Date
Cisco assumed all obligations of NuSpeed under the NuSpeed Options. This
Agreement evidences the assumption of the NuSpeed Options, including the
necessary adjustments to the NuSpeed Options required by the Acquisition.
Your NuSpeed Options immediately before and after the Acquisition are as
follows:
{TABLE}
{CAPTION}
-------------------------------------------------------------------------------------------------------
NUSPEED STOCK OPTIONS CISCO ASSUMED OPTIONS
-------------------------------------------------------------------------------------------------------
{S} {C} {C} {C}
# Shares of NuSpeed NuSpeed Exercise Price # of Shares of Cisco Cisco Exercise Price
Common Stock Per Share Common Stock Per Share
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