INCENTIVE STOCK OPTION AGREEMENT UNDER THE OPTONICS, INC.Incentive Stock Option Agreement • February 3rd, 2003 • Credence Systems Corp • Instruments for meas & testing of electricity & elec signals • Massachusetts
Pursuant to the Optonics, Inc. 2001 Stock Option and Incentive Plan (the “Plan”), Optonics, Inc. (the “Company”) hereby grants to the Optionee named above an option (the “Stock Option”) to purchase on or prior to the date ten (10) years after the Grant Date specified above (the “Expiration Date”) all or part of the number of shares of Common Stock (the “Stock”) of the Company specified above at the Option Exercise Price per Share specified above subject to the terms and conditions set forth herein and in the Plan.
CREDENCE SYSTEMS CORPORATION STOCK OPTION ASSUMPTION AGREEMENTStock Option Assumption Agreement • February 3rd, 2003 • Credence Systems Corp • Instruments for meas & testing of electricity & elec signals
As you know, on January 22, 2003, (the “Closing Date”) Credence Systems Corporation (“Credence”) merged with Optonics, Inc. (“Optonics”) (the “Merger”). In the Merger, shares of Optonics common stock were exchanged for 0.043761 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 Optonics common stock granted to you under the Optonics 2001 Stock Option and Incentive Plan, (the “Plan”) and documented with a Stock Option Agreement (the “Option Agreement”) issued to you under the Plan (the “Optonics Options”). In accordance with the Merger, on the Closing Date Credence assumed all obligations of Optonics under the Optonics Options. This Agreement evidences the assumption of the Optonics Options, including the necessary adjustments to the Optonics Options required by the Merger.
CREDENCE SYSTEMS CORPORATION STOCK OPTION ASSUMPTION AGREEMENTStock Option Assumption Agreement • February 3rd, 2003 • Credence Systems Corp • Instruments for meas & testing of electricity & elec signals
As you know, on January 22, 2003, (the “Closing Date”) Credence Systems Corporation (“Credence”) merged with Optonics, Inc. (“Optonics”) (the “Merger”). In the Merger, shares of Optonics common stock were exchanged for 0.043761 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 Optonics common stock granted to you under the Optonics 2001 Stock Option and Incentive Plan, (the “Plan”) and documented with a Stock Option Agreement (the “Option Agreement”) issued to you under the Plan (the “Optonics Options”). In accordance with the Merger, on the Closing Date Credence assumed all obligations of Optonics under the Optonics Options. This Agreement evidences the assumption of the Optonics Options, including the necessary adjustments to the Optonics Options required by the Merger.
