EFFECTIVE DATE: AUGUST 1, 2001 CREDENCE SYSTEMS CORPORATION STOCK OPTION ASSUMPTION AGREEMENT Dear (Name): As you know, on August 1, 2001 (the "Closing Date") Credence Systems Corporation ("Credence") acquired Integrated Measurement Systems, Inc....Option Assumption Agreement • September 18th, 2001 • Credence Systems Corp • Instruments for meas & testing of electricity & elec signals
As you know, on August 1, 2001 (the "Closing Date") Credence Systems Corporation ("Credence") acquired Integrated Measurement Systems, Inc. ("IMS") (the "Acquisition"). In the Acquisition, each share of IMS common stock was exchanged for 0.9 of a share of Credence common stock (the "Exchange Ratio"). On the Closing Date you held one or more outstanding options to purchase shares of Integrated Measurement Systems, Inc. common stock granted to you under the Integrated Measurement Systems, Inc. ___________ Plan (the "Plan") and documented with a Stock Option Agreement(s) and/or Notice(s) of Grant of Stock Option (collectively, the "Option Agreement") issued to you under the Plan (the "IMS Options"). In accordance with the Acquisition, on the Closing Date Credence assumed all obligations of IMS under the IMS Options. This Agreement evidences the assumption of the IMS Options, including the necessary adjustments to the IMS Options required by the Acquisition.
