APKT » Topics » Certain Relationships and Related Party Transactions

This excerpt taken from the APKT DEF 14A filed Apr 8, 2008.

Certain Relationships and Related Party Transactions

Related Transactions

        In March 2007, the board, upon the recommendation of the Nominating and Corporate Governance Committee, adopted a written Related Party Transactions Policy providing for the review and approval or ratification by the Nominating and Corporate Governance Committee of certain transactions or relationships involving Acme Packet and its directors, executive officers and their affiliates. In reviewing a transaction or relationship, the Nominating and Corporate Governance Committee will take into account, among other factors it deems appropriate, whether it is on terms no more favorable than to an unaffiliated third party under similar circumstances, as well as the extent of the related party's interest in the transaction.

        We do not currently provide personal loans to our executive officers or directors.

Registration Rights Agreement

        Prior to our initial public offering, we entered into a registration rights agreement with certain of our investors. Pursuant to the terms of the amended and restated registration rights agreement, at any time after the first anniversary of our initial public offering, holders of at least a majority of the shares of common stock having registration rights may demand that we register all or a portion of their shares having an aggregate offering price of at least $10,000,000 for sale under the Securities Act. We are required to affect only one registration.

This excerpt taken from the APKT DEF 14A filed Apr 9, 2007.

Certain Relationships and Related Party Transactions

Related Party Transactions

In March 2007, the board, upon the recommendation of the Nominating and Corporate Governance Committee, adopted a written Related Party Transactions Policy providing for the review and approval or ratification by the Nominating and Corporate Governance Committee of certain transactions or relationships involving Acme Packet and its directors, executive officers and their affiliates. In reviewing a transaction or relationship, the Nominating and Corporate Governance Committee will take into account, among other factors it deems appropriate, whether it is on terms no more favorable than to an unaffiliated third party under similar circumstances, as well as the extent of the related party’s interest in the transaction.

We do not currently provide personal loans to our executive officers or directors.

Registration Rights Agreement

Prior to our initial public offering, we entered into a registration rights agreement with certain of our investors. Pursuant to the terms of the amended and restated registration rights agreement, at any time before the first anniversary of our initial public offering, holders of at least majority of the shares of common stock having registration rights may demand that we register all or a portion of their shares having an aggregate offering price of at least $10,000,000 for sale under the Securities Act. We are required to affect only one registration.

"Certain Relationships and Related Party Transactions" elsewhere:

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