TIGR » Topics » PURPOSE:

This excerpt taken from the TIGR DEF 14A filed Jan 17, 2007.

PURPOSE:

The Board of Directors of Raining Data Corporation (the “Board” and the “Company,” respectively) has established an Audit Committee, whose purpose shall be to:

·       Oversee the accounting and financial reporting processes of the Company and audits of the financial statements of the Company;

·       Assist the Board in oversight and monitoring of (i) the integrity of the Company’s financial statements, (ii) the Company’s compliance with legal and regulatory requirements, (iii) the independent auditor’s qualifications, independence and performance, and (iv) the Company’s internal accounting and financial controls;

·       Prepare the report that the rules of the Securities and Exchange Commission (the “SEC”) require be included in the Company’s annual proxy statement;

·       Provide the Company’s Board with the results of its monitoring and recommendations derived therefrom; and

·       Provide to the Board such additional information and materials as it may deem necessary to make the Board aware of significant financial matters that require the attention of the Board.

In addition, the Audit Committee will undertake those specific duties and responsibilities listed below and such other duties as the Board may from time to time prescribe.

This excerpt taken from the TIGR 8-K filed Nov 30, 2005.
Purpose.   This Raining Data Corporation 1999 Stock Plan (the “Plan”) is established to create additional incentives for certain valued employees, directors, consultants and advisors of Raining Data Corporation, a Delaware corporation (the “Company”) or any parent or subsidiary thereof and to promote the financial success and progress of the Company and the Corporate Group. Options granted under the Plan may be incentive stock options (“Incentive Options”) under Section 422 of the Internal Revenue Code of 1986 as amended or superseded, or nonincentive stock options (“Nonincentive Options”). Stock Purchase Rights may also be granted under the Plan.

 

2.   

This excerpt taken from the TIGR DEF 14A filed Oct 21, 2005.
Purpose.   This Raining Data Corporation 1999 Stock Plan (the “Plan”) is established to create additional incentives for certain valued employees, directors, consultants and advisors of Raining Data Corporation, a Delaware corporation (the “Company”) or any parent or subsidiary thereof and to promote the financial success and progress of the Company and the Corporate Group. Options granted under the Plan may be incentive stock options (“Incentive Options”) under Section 422 of the Internal Revenue Code of 1986 as amended or superseded, or nonincentive stock options (“Nonincentive Options”). Stock Purchase Rights may also be granted under the Plan.

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