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EXHIBIT 99.16
FORM OF WRITTEN COMPENSATION AGREEMENT FOR MESSRS. SADR AND XXXXXXX
COMPENSATION AGREEMENT
Agreement made as of the ___ day of February, 2000 by and
between ____________ ("Executive") and ACT Networks, Inc., a Delaware
corporation (the "Corporation").
W I T N E S S E T H
WHEREAS, Executive is an individual who is to provide valuable
services to the Corporation, and the Corporation wishes to provide an equity
incentive to Executive as an inducement for him to continue in the Corporation's
employ.
NOW, THEREFORE, in consideration of the above premises, the
parties hereto agree as follows:
1. On February __, 2000, Executive was granted an option to
purchase _______________shares of the Corporation's Common
Stock (the "Option") under the terms and conditions set
forth in the Notice of Grant of Stock Option and Stock
Option Agreement attached hereto as Exhibit A.
2. Corporation and Executive acknowledge and agree that the
Option and the shares purchasable under such Option are
granted as compensation for services Executive is to
render the Corporation and not for any capital-raising
purposes or in connection with any capital-raising
activities.
3. This agreement is intended to constitute a written
compensation contract for purposes of the requirements of
the Form S-8 Registration Statement under the Securities
Act of 1933, as amended.
4. Nothing herein or in the Notice of Grant of Stock Option
or Stock Option Agreement is intended to impair the right
of the Corporation or Executive to terminate Executive's
employment with the Corporation at any time in accordance
with applicable law.
IN WITNESS WHEREOF, the parties hereto have executed this
agreement as of the date first above written.
EXECUTIVE: ACT NETWORKS, INC.
By:
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Printed Name: Title:
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