FNSR » Topics » 1. Establishment, Purpose and Term of Plan.

This excerpt taken from the FNSR 8-K filed Nov 23, 2009.
1.  Establishment, Purpose and Term of Plan.
 
1.1  Establishment.  The Finisar Corporation 1999 Employee Stock Purchase Plan (the “Plan”) became effective on the effective date of the initial registration by the Company of its Stock under Section 12 of the Securities Exchange Act of 1934, as amended (the “Effective Date”) and is hereby amended and restated in its entirety on March 2, 2005.
 
1.2  Purpose.  The purpose of the Plan is to advance the interests of Company and its stockholders by providing an incentive to attract, retain and reward Eligible Employees of the Participating Company Group and by motivating such persons to contribute to the growth and profitability of the Participating Company Group. The Plan provides such Eligible Employees with an opportunity to acquire a proprietary interest in the Company through the purchase of Stock. The Company intends that the Plan qualify as an “employee stock purchase plan” under Section 423 of the Code (including any amendments or replacements of such section), and the Plan shall be so construed.
 
1.3  Term of Plan.  The Plan shall continue in effect until the earlier of its termination by the Board or the date on which all of the shares of Stock available for issuance under the Plan have been issued.
 
This excerpt taken from the FNSR DEF 14A filed Oct 8, 2009.
1.  Establishment, Purpose and Term of Plan.
 
1.1  Establishment.  The Finisar Corporation 1999 Employee Stock Purchase Plan (the “Plan”) became effective on the effective date of the initial registration by the Company of its Stock under Section 12 of the Securities Exchange Act of 1934, as amended (the “Effective Date”) and is hereby amended and restated in its entirety on March 2, 2005.
 
1.2  Purpose.  The purpose of the Plan is to advance the interests of Company and its stockholders by providing an incentive to attract, retain and reward Eligible Employees of the Participating Company Group and by motivating such persons to contribute to the growth and profitability of the Participating Company Group. The Plan provides such Eligible Employees with an opportunity to acquire a proprietary interest in the Company through the purchase of Stock. The Company intends that the Plan qualify as an “employee stock purchase plan” under Section 423 of the Code (including any amendments or replacements of such section), and the Plan shall be so construed.
 
1.3  Term of Plan.  The Plan shall continue in effect until the earlier of its termination by the Board or the date on which all of the shares of Stock available for issuance under the Plan have been issued.
 

EXCERPTS ON THIS PAGE:

8-K
Nov 23, 2009
DEF 14A
Oct 8, 2009
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