EXHIBIT 4.4
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THE DESCARTES SYSTEMS GROUP INC.
STOCK OPTION PLAN OPTION AGREEMENT
To: Xxxxxx Xxxxxx
Date: March 6, 2001
Re: The Descartes Systems Group Inc. Stock Option Plan
Attached hereto is a copy of The Descartes Systems Group Inc. Stock
Option Plan (the "Plan") which has been approved by the Board of
Directors of The Descartes Systems Group Inc. (the "Company").
This is to advise you that you are entitled to participate in the Plan and have
been granted options on 15,000 common shares (the "Shares") in the capital of
the Company.
1. The option price of the Shares is Cdn. $19.75 per share.
2. Your option may be exercised in whole or in part, subject to the
vesting rules described in Section 3 below, at any time or from time
to time, up to and including, but not after, March 6, 2008, on which
date your options, unless earlier terminated by reason of your death
or ceasing to be a Participant (as defined in the Plan), shall expire.
3. Your option shall vest in full on March 6, 2002.
4. The terms and conditions of the Plan are hereby deemed to be
incorporated into and to form part hereof.
5. No share certificates representing such Shares shall be delivered
until payment for the Shares has been made in full.
If you desire to accept this option, please so indicate in the space below.
Please note that acceptance does not constitute an exercise of the option.
Options must be exercised in accordance with the terms and conditions of the
Plan by completing and submitting a subscription substantially in the form of
Schedule A annexed to the Plan, accompanied by payment in full of the option
price of the Shares in respect of which the said option is then being exercised.
THE DESCARTES SYSTEMS GROUP INC.
By: /s/ J. Xxxxx Xxxxx
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Name: J. Xxxxx Xxxxx
Title: Corporate Secretary
I hereby desire to accept the above option and agree to
the terms and the conditions hereinbefore set forth
including the terms and conditions of the Plan.
/s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx
