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RVBD » Topics » Description of Awards Granted in 2007

This excerpt taken from the RVBD DEF 14A filed Apr 25, 2008.

Description of Awards Granted in 2007

Each of Mr. Kennelly, Dr. McCanne and Messrs. Peranich, Wolford and Gottfried were granted non-qualified stock options to purchase additional shares of common stock on April 30, 2007 at an exercise price of $31.91 per share. These options vest and become exercisable ratably over 48 months from May 1, 2007. In addition, the options will become vested with respect to 100% of the shares subject to the option if the Company is acquired and such officer’s employment is involuntarily terminated within 12 months following the change in control.

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