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This excerpt taken from the CDNS DEF 14A filed Mar 27, 2009. PURPOSE
The purpose of the Employee Plan is to provide a means by which
employees of Cadence, and any parent or subsidiary of Cadence
designated by the Board, may be given an opportunity to purchase
Cadence common stock, through payroll deductions, to assist
Cadence in retaining the services of its employees, to secure
and retain the services of new employees, and to provide
incentives for these persons to exert maximum efforts for the
success of Cadence.
The rights to purchase common stock granted under the Employee
Plan are intended to qualify as options issued under an
“employee stock purchase plan” as that term is defined
in Section 423(b) of the Code.
This excerpt taken from the CDNS DEF 14A filed Mar 25, 2008. PURPOSE
The purpose of the Employee Plan is to provide a means by which
employees of Cadence, and any parent or subsidiary of Cadence
designated by the Board, may be given an opportunity to purchase
Cadence common stock, through payroll deductions, to assist
Cadence in retaining the services of its employees, to secure
and retain the services of new employees, and to provide
incentives for these persons to exert maximum efforts for the
success of Cadence.
The rights to purchase common stock granted under the Employee
Plan are intended to qualify as options issued under an
“employee stock purchase plan” as that term is defined
in Section 423(b) of the Internal Revenue Code.
Table of Contents
This excerpt taken from the CDNS DEF 14A filed Apr 2, 2007. PURPOSE
The 1987 Plan was adopted to provide a means by which employees
of and consultants to Cadence and its affiliates (including
officers and directors who are also employees or consultants)
could be given an opportunity to purchase Cadence common stock
or receive grants of incentive stock subject to
performance-based or time-based vesting to attract and retain
the services of persons most capable of filling these positions,
and to provide incentives for these persons to exert maximum
efforts for the success of Cadence and its affiliates. See
“Reasons for the Proposed Amendment and Restatement”
above.
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