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CISCO SYSTEMS, INC.
INTERNATIONAL EMPLOYEE STOCK PURCHASE PLAN
STOCK PURCHASE AGREEMENT - CISCO ______________________
1. I hereby elect to participate in the Cisco Systems, Inc. ("Company")
International Employee Stock Purchase Plan (the "Plan") for the
six-month purchase period specified below, and I accordingly subscribe
to purchase shares of the Company's Common Stock, in accordance with
this Stock Purchase Agreement and the Plan.
2. I hereby agree that on the last business day of each month during the
six-month purchase period I will pay to Cisco ___________________
[____________] (up to 10% of my total compensation, including base
salary, commissions, overtime and/or bonuses).
3. I understand that my monthly payments will be accumulated for the
purchase of shares of Common Stock on the last business day of each
six-month purchase period. The purchase price per share will be the
lower of (i) 85% of fair market value on the first day of the six-month
purchase period or (ii) 85% of fair market value on the last day of the
six-month purchase period. My accumulated monthly payments will be
converted into U.S. Dollars on the last U.S. business day of each month
on the basis of the exchange rate in effect on that date.
4. I understand that this enrollment will be effective for the duration of
the six-month purchase period specified below and that shares will be
purchased on my behalf unless my participation terminates upon my
withdrawal from the Plan or my cessation of employment with the
Company.
5. I understand that a new purchase period will begin each quarter and
that I may participate in only one six-month purchase period at a time.
6. I understand that a stock certificate for the shares purchased on my
behalf will be deposited into a Company-designated brokerage account on
my behalf as soon as practical after each six-month purchase date.
7. I understand that the Plan sets forth limitations (i) respecting the
maximum number of shares purchasable during a purchase period (96,000
shares) and the number of shares purchasable over the term of the Plan
by an officer or director of the Company (480,000 shares), (ii)
prohibiting the purchase of more than U.S.$25,000 worth of Common Stock
per calendar year, and (iii) prohibiting the grant of purchase rights
to 5% shareholders.
8. I understand that should I die owning shares of Cisco Systems, Inc.
stock or rights to acquire such stock, the stock or rights may subject
my estate to United States federal estate taxes. I understand that I
should seek my own tax advice regarding this potential tax.
9. I acknowledge that I have seen a copy of, and am familiar with, the
official Plan Prospectus summarizing the operation of the Plan. A
complete copy of the actual plan document is attached as Exhibit A to
the Prospectus and is on file at the Company's corporate offices in San
Jose, California. A copy of the Prospectus has been provided to each
regional office.
10. I understand that the Company has the right, exercisable in its sole
discretion, to amend or terminate the Plan at any time, with such
amendment or termination to become effective immediately following the
exercise of purchase rights at the end of each purchase. Should the
Company elect to terminate the Plan, I will have no further rights to
purchase Common Stock pursuant to this Agreement. Upon termination of
employment, purchase rights under this plan will terminate regardless
of whether or not prior notice of termination of employment was given
to me.
11. I acknowledge that I have received and may continue to receive the
opportunity to purchase stock under the Plan. I understand that the
grant of a purchase right in one year or at one time does not in any
way obligate Cisco Systems, Inc. or Cisco ________________ to make a
grant or award in any future year or in any given amount. I acknowledge
and understand that the Plan is wholly discretionary in nature and is
not to be considered part of my normal or expected compensation subject
to severance, resignation, redundancy or similar pay.
12. I hereby authorize and direct Cisco ___________________ to disclose to
Cisco Systems, Inc. or any of its subsidiaries such information
regarding my employment, the nature and amount of my compensation and
the fact and conditions of my participation in the Plan as Cisco
___________________deems necessary to facilitate the administration of
such Plan.
13. I have read this Agreement, and I hereby agree to be bound by the terms
of the Plan. The effectiveness of this Agreement is dependent upon my
eligibility to participate in the Plan.
Date:_________________________________________ Signature:________________________________________________
Start Date of Purchase Period: _______________ Printed Name: ____________________________________________
