RVBD » Topics » SECTION 10. RIGHTS NOT TRANSFERABLE.

These excerpts taken from the RVBD 10-K filed Feb 23, 2009.

SECTION 10. RIGHTS NOT TRANSFERABLE.

The rights of any Participant under the Plan, or any Participant’s interest in any Stock or moneys to which he or she may be entitled under the Plan, shall not be transferable by voluntary or involuntary assignment or by operation of law, or in any other manner other than by beneficiary designation or the laws of descent and distribution. If a Participant in any manner attempts to transfer, assign or otherwise encumber his or her rights or interest under the Plan, other than by beneficiary designation or the laws of descent and distribution, then such act shall be treated as an election by the Participant to withdraw from the Plan under Section 6(a).

SECTION 10. RIGHTS NOT TRANSFERABLE.

FACE="Times New Roman" SIZE="2">The rights of any Participant under the Plan, or any Participant’s interest in any Stock or moneys to which he or she may be entitled under the Plan, shall not be transferable by voluntary or involuntary
assignment or by operation of law, or in any other manner other than by beneficiary designation or the laws of descent and distribution. If a Participant in any manner attempts to transfer, assign or otherwise encumber his or her rights or interest
under the Plan, other than by beneficiary designation or the laws of descent and distribution, then such act shall be treated as an election by the Participant to withdraw from the Plan under Section 6(a).

STYLE="margin-top:18px;margin-bottom:0px">SECTION 11. NO RIGHTS AS AN EMPLOYEE.

Nothing in the
Plan or in any right granted under the Plan shall confer upon the Participant any right to continue in the employ of a Participating Company for any period of specific duration or interfere with or otherwise restrict in any way the rights of the
Participating Companies or of the Participant, which rights are hereby expressly reserved by each, to terminate his or her employment at any time and for any reason, with or without cause.

STYLE="margin-top:18px;margin-bottom:0px">SECTION 12. NO RIGHTS AS A STOCKHOLDER.

A
Participant shall have no rights as a stockholder with respect to any shares of Stock that he or she may have a right to purchase under the Plan until such shares have been purchased on the last day of the applicable Accumulation Period.


EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 23, 2009

"SECTION 10. RIGHTS NOT TRANSFERABLE." elsewhere:

Blue Coat Systems (BCSI)
Digi International (DGII)
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