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This excerpt taken from the RVBD DEF 14A filed Apr 24, 2009. Description of Awards Granted in 2008 Each of Mr. Kennelly, Dr. McCanne and Messrs. Peranich, Wolford and Gottfried were granted: (i) non-qualified stock options to purchase shares of common stock on May 1, 2008 at an exercise price of $14.38 per share. These options vest and become exercisable ratably over 48 months from May 1, 2008. In addition, the options will become vested with respect to 100% of the shares subject to the option if the Company is subject to a change in control and such officers employment is involuntarily terminated within 12 months following the change in control; and (ii) RSUs on May 1, 2008 that vest with respect to 25% of the total units granted on May 15, 2009 and 12.5% of the total units granted every six months thereafter. In addition, the RSUs will become vested with respect to 100% of the shares subject to the RSU if the Company is subject to a change in control and such officers employment is involuntarily terminated within 12 months following the change in control. |
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