EXHIBIT 10.2
MEDIA ARTS GROUP, INC.
EMPLOYEE QUALIFIED STOCK PURCHASE PLAN
AUTHORIZATION AND STOCK PURCHASE AGREEMENT
Employee's
Name ---------------------------------------------------------------
(print or type) First Middle Last
Date of Hire Social Security No.
----------------- -------------------------
Address
---------------------------------------------------------------
Number Street
---------------------------------------------------------------
City State Zip
I have been advised of my eligibility to participate in the Media Arts
Group, Inc. Employee Qualified Stock Purchase Plan (the "Stock Plan"). I have
read and agree to be bound by the terms of the Stock Plan. Capitalized terms
used but not defined herein shall have the meanings ascribed to them in the
Stock Plan.
I hereby elect to participate in the Stock Plan for the Offering Period
beginning on July 1, ____/January 1, ____ (circle appropriate one and fill in
the year) and hereby authorize Media Arts Group, Inc. (the "Company") to
withhold ____% (whole percentage, not to exceed 10%) of my Base Pay on each
Payday. I understand and agree that such amounts shall be credited to my account
maintained under the Stock Plan and, upon the automatic exercise of the Option
granted to me with respect to such Offering Period, will be contributed from my
account to the Company in payment for whole shares of the Company's stock in
accordance with the terms of the Stock Plan.
I hereby agree that this Authorization shall supersede any Authorization
previously delivered to the Company and that this Authorization shall continue
to operate with respect to each Offering Period commencing after the Offering
Period described above in which I am eligible to participate.
BENEFICIARY DESIGNATION
Subject to the provisions of the Stock Plan, I designate the following
beneficiary(ies). This designation is to supersede any prior designation which I
may have made under the Stock Plan.
Select P for primary beneficiary or C for contingent beneficiary and
complete the beneficiary's name and relationship. (A contingent beneficiary
receives all death benefits in the event the primary beneficiary is not alive at
the time of your death.) Unless otherwise specified herein or specified in the
Stock Plan, if more than one beneficiary is designated, payments will be made in
equal shares to those persons designated as beneficiaries who survive you.
Name Relationship
---- ------------
P C
----- ----- ------------------------- -----------------------------
P C
----- ----- ------------------------- -----------------------------
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Employee's Signature Date Witness
2
TERMINATION OF PARTICIPATION UNDER THE
MEDIA ARTS GROUP, INC.
EMPLOYEE QUALIFIED STOCK PURCHASE PLAN
Employee's Name
---------------------------------------------------------------
(print or type) First Middle Last
I hereby terminate my participation in the Media Arts Group, Inc. Employee
Qualified Stock Purchase Plan ("Stock Plan") as of this date or as soon as
possible according to the provisions of the Stock Plan and the next available
pay period. Unless my termination of participation is during the last two weeks
of the Offering Period, all amounts credited to my account under the Stock Plan
shall be returned to me, without interest. If my termination of participation
occurs during the last two weeks of an Offering Period, the option granted to me
with respect to such Offering Period shall be exercised as of the last day of
such Offering Period.
I understand that I will not be eligible to participate in the Stock Plan
for the Offering Period first commencing after the effective date of my
termination under the Stock Plan.
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Date Employee's Signature
3
