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RVBD » Topics » 7. The 2000 Stock Plan

This excerpt taken from the RVBD 8-K filed Apr 30, 2009.

7. The 2000 Stock Plan

In May 2000, the Company’s Board of Directors (the “Board”) approved the 2000 Stock Plan (the “2000 Plan”), which was amended in October 2000. The 2000 Plan provides for the granting of incentive stock options (“ISOs”) and non-qualified stock options (“NSOs”), awards of common stock, and the sale of common stock to key employees, directors, and consultants of the Company. Under the 2000 Plan, the Board may authorize the sale of common stock to employees, directors, and consultants of the Company. The purchase price for the common stock shall be determined by the Board, but shall not be less than the fair market value on the date of the grant. In addition, for each grant, the Board will determine the terms under which the Company may repurchase such shares.

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