This excerpt taken from the WAVX DEF 14A filed Apr 27, 2005.
2.1. Acquisition means a merger or consolidation of the Company with and into another person or the sale, transfer, or other disposition of all or substantially all of the Company's assets to one or more persons (other than any wholly-owned subsidiary of the Company) in a single transaction or series of related transactions.
2.2. Board means the Board of Directors of the Company.
2.3. Code means the Internal Revenue Code of 1986, as amended.
2.4. Common Stock means the Common Stock, par value $.01 per share, of the Company.
2.5. Company means Wave Systems Corp., a Delaware corporation.
2.6. Compensation means all regular straight time compensation including commissions but shall not include payments for overtime, shift premium, incentive compensation, incentive payments, bonuses and other irregular or infrequent compensation or benefits.
2.7. Continuous Status as an Employee means the absence of any interruption or termination of service as an Employee. Continuous Status as an Employee shall not be considered interrupted in the case of (i) sick leave; (ii) military leave; (iii) any other leave of absence approved by the Administrator, provided, that such leave is for a period of not more than 90 days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute, or unless provided otherwise pursuant to Company policy adopted from time to time; or (iv) in the case of transfers between locations of the Company or between the Company and its Designated Subsidiaries.
2.8. Contributions means all amounts credited to the account of a participant pursuant to the Plan.
2.9. Designated Subsidiaries means the Subsidiaries which have been or will be designated by the Board from time to time in its sole discretion as eligible to participate in the Plan.
2.10. Employee means any person, including an Officer, who is customarily employed for at least 20 hours per week and more than five months in a calendar year by the Company or one of its Designated Subsidiaries.
2.11. Exchange Act means the Securities Exchange Act of 1934, as amended.
2.12. Offering Commencement Date means the first business day of each Offering Period of the Plan.
2.13. Offering Period means any of the periods, generally of six months duration, as set forth in Section 4.
2.14. Officer means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.
2.15. Offering Termination Date means the last business day of each Offering Period of the Plan.
2.16. Parent means a parent corporation of the Company, whether now or hereafter existing, as defined by Section 424(a) of the Code.
2.17. Plan means this Employee Stock Purchase Plan.
2.18. Purchase Price means with respect to an Offering Period an amount equal to 85% of the Fair Market Value (as defined in Section 7.2 below) of a Share on the Offering Commencement Date or on the Offering Termination Date, whichever is lower; provided, however, that (i) if there is an increase in the number of Shares available for issuance under the Plan as a result of a stockholder-approved amendment to the Plan, (ii) all or a portion of such additional Shares are to be issued with respect to the Offering Period underway at the time of such increase ("Additional Shares"), and (iii) the Fair Market Value of a Share of Common Stock on the date of such increase (the "Approval Date Fair Market Value") is higher than the Fair Market Value on the Offering Commencement Date for such Offering Period, then in such instance the Purchase Price with respect to Additional Shares shall be 85% of the Approval Date Fair Market Value or the Fair Market Value of a Share of Common Stock on the Offering Termination Date, whichever is lower.
2.19. Securities Act means the Securities Act of 1933, as amended.
2.20. Share means a share of Common Stock, as adjusted in accordance with Section 18 of the Plan.
2.21. Subsidiary means a subsidiary corporation of the Company, whether now or hereafter existing, as defined in Section 424(f) of the Code.
Other terms are defined in the following sections:
This excerpt taken from the WAVX 8-K filed Mar 17, 2005.
Section 1.1. Definitions. In addition to the terms defined elsewhere in this Agreement, for all purposes of this Agreement, the following terms have the meanings indicated in this Section 1.1:
Action shall have the meaning ascribed to such term in Section 3.1(j).
Affiliate means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person as such terms are used in and construed under Rule 144. With respect to a Purchaser, any investment fund or managed account that is managed on a discretionary basis by the same investment manager as such Purchaser will be deemed to be an Affiliate of such Purchaser.
Closing means the closing of the purchase and sale of the Common Stock pursuant to Section 2.1.
Closing Date means the Trading Day when all of the Transaction Documents have been executed and delivered by the applicable parties thereto, and all conditions precedent to (i) the Purchasers obligations to pay the Subscription Amount and (ii) the Companys obligations to deliver the Securities have been satisfied or waived.
Closing Price means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the closing bid price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg Financial L.P. (based on a Trading Day from 9:30 a.m.
Eastern Time to 4:02 p.m. Eastern Time); (b) if the Common Stock is not then listed or quoted on a Trading Market and if prices for the Common Stock are then quoted on the OTC Bulletin Board, the closing bid price of the Common Stock for such date (or the nearest preceding date) on the OTC Bulletin Board; (c) if the Common Stock is not then listed or quoted on the OTC Bulletin Board and if prices for the Common Stock are then reported in the Pink Sheets published by the National Quotation Bureau Incorporated (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported; or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the Purchasers and reasonably acceptable to the Company.
Commission means the Securities and Exchange Commission.
Common Stock means the Class A common stock of the Company, par value $0.01 per share, and any securities into which such common stock may hereafter be reclassified.
Common Stock Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including without limitation, any debt, preferred stock, rights, options, warrants or other instrument that is at any time convertible into or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.
Company Counsel means Bingham McCutchen LLP.
Disclosure Schedules means the Disclosure Schedules of the Company delivered concurrently herewith.
Effective Date means the date that the Registration Statement was first declared effective by the Commission.
Exchange Act means the Securities Exchange Act of 1934, as amended.
Exempt Issuance means the issuance of (a) shares of Common Stock or options to employees, officers or directors of the Company pursuant to any stock or option plan duly adopted by a majority of the non-employee members of the Board of Directors of the Company or a majority of the members of a committee of non-employee directors established for such purpose, (b) securities upon the exercise of or conversion of any securities issued hereunder, convertible securities, options or warrants issued and outstanding on the date of this Agreement, provided that such securities have not been amended since the date of this Agreement to increase the number of such securities or to decrease the exercise or conversion price of any such securities, other than by express mechanics contained in such convertible securities, options or warrants prior to the date of this Agreement, (c) securities issued pursuant to acquisitions or strategic transactions, including such a transaction involving Wavexpress, Inc., provided any such issuance shall only be to a Person which is, itself or through its subsidiaries, an operating company
in a business synergistic with the business of the Company and in which the Company receives benefits in addition to the investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for the purpose of raising capital or to an entity whose primary business is investing in securities; and (d) up to, in the aggregate, 250,000 shares of Common Stock or Common Stock Equivalents in any 12 month period to consultants as payment for services rendered.
Intellectual Property Rights shall have the meaning ascribed to such term in Section 3.1(o).
Liens means a lien, charge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.
Market Price means the Closing Price immediately prior to the date in question.
Material Adverse Effect shall have the meaning ascribed to such term in Section 3.1(b).
Material Permits shall have the meaning ascribed to such term in Section 3.1(m).
Per Share Purchase Price equals $0.88, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.
Person means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.
Proceeding means an action, claim, suit, investigation or proceeding (including, without limitation, an investigation or partial proceeding, such as a deposition), whether commenced or threatened.
Registration Statement means the registration statement of the Company, Commission File No. 333-114476 covering the sale to the Purchasers of the Shares.
Required Approvals shall have the meaning ascribed to such term in Section 3.1(e).
Rule 144 means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.
SEC Reports shall have the meaning ascribed to such term in Section 3.1(h).
Securities means the Shares.
Securities Act means the Securities Act of 1933, as amended.
Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.
Subscription Amount means, as to each Purchaser, the amounts set forth below such Purchasers signature block on the signature page hereto, in United States dollars and in immediately available funds.
Subsidiary shall mean the subsidiaries of the Company, if any, set forth in the Companys SEC Reports.
Trading Day means a day on which the Common Stock is traded on a Trading Market.
Trading Market means the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question: the Nasdaq SmallCap Market, the American Stock Exchange, the New York Stock Exchange, or the Nasdaq National Market.
Transaction Documents means this Agreement and any other documents or agreements executed in connection with the transactions contemplated hereunder.
This excerpt taken from the WAVX 10-K filed Mar 16, 2005.
Definitions. In addition to the definitions in the Authorized Distributor Agreement the following definitions shall apply to this Addendum.
Client Product means the Product designated as Client Product in Attachment 1 hereto.
Dell means Dell Inc. and its subsidiaries.
Distributor Agreement means the Authorized Distributor Agreement, referenced above, which this Addendum supplements.
End User means a person or entity that acquires Security Products for its own use and not for resale or distribution.
Gold Master means a CD-ROM which contains a copy of the Client Product in object-code form, a click-through End User license agreement, and a readme electronic file containing installation and use instructions and links for on-line help. Such Gold Master will be suitable for use in making copies of the Client Product and such associated text files.
Security Products refers to both the Client Product and the Server Product.
License Management Codes means unique numbers which can be assigned to a copy of software equipped with the License Management Tool to prevent copying of that copy of the software.
License Management Tool means software designed to prevent unauthorized copying of software.
Server Product means the Product designated in Attachment 1 as Server Product.