JSDA » Topics » Equity Awards

These excerpts taken from the JSDA 10-K filed Jan 30, 2008.

Equity Awards

Our 2002 Stock Option Plan provides for accelerated vesting of all unvested stock options upon a change of control (as defined in the plan), irrespective of the scheduled vesting date for these awards.

Equity Awards

FACE="Times New Roman" SIZE="2">Our 2002 Stock Option Plan provides for accelerated vesting of all unvested stock options upon a change of control (as defined in the plan), irrespective of the scheduled vesting date for these awards.

STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%">Estimated Potential Payments

SIZE="2">The tables below set forth the estimated current value of payments and benefits to each of the Named Executive Officers upon a change of control, a qualifying termination within two years following a change of control and the death or
disability of the Named Executive Officer. The amounts shown assume that the triggering events occurred on December 31, 2006.

Per SEC
rules, the intrinsic value of accelerated unvested stock options shown in the tables below was calculated using the closing price of our common stock on December 29, 2006 ($12.30). The intrinsic value is the aggregate spread between $12.30 and
the exercise prices of the accelerated options.

 


9








Peter M. van Stolk

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   Triggering Event

Estimated Potential Payment or Benefit

  Change of
Control($)
  Change of
Control and
Termination($)
  Death or
Disability($)

Lump sum cash severance payment

  $200,000  $200,000  $173,150

Intrinsic value of accelerated unvested stock options

   5,780,000   5,780,000   0

Continuing health and welfare benefits for one years(1)

   3,900   3,900   0
            

Total

  $5,983,900  $5,983,900  $173,150

Hassan N. Natha

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   Triggering Event

Estimated Potential Payment or Benefit

  Change of
Control($)
  Change of
Control and
Termination($)
  Death or
Disability($)

Lump sum cash severance payment

   0   0  0

Intrinsic value of accelerated unvested stock options

   174,000   174,000  0

Continuing health and welfare benefits for one years(1)

   0   0  0
           

Total

  $174,000  $174,000  —  

Lars P. Nilsen

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 












































































   Triggering Event

Estimated Potential Payment or Benefit

  Change of
Control($)
  Change of
Control and
Termination($)
  Death or
Disability($)

Lump sum cash severance payment

   0   0  0

Intrinsic value of accelerated unvested stock options

   166,000   166,000  0

Continuing health and welfare benefits for one years(1)

   0   0  0
           

Total

  $166,000  $166,000  —  
This excerpt taken from the JSDA DEF 14A filed Apr 18, 2007.

Equity Awards

 

Our 2002 Stock Option Plan provides for accelerated vesting of all unvested stock options upon a change of control (as defined in the plan), irrespective of the scheduled vesting date for these awards.

 

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