CISCO SYSTEMS, INC. STOCK OPTION ASSUMPTION AGREEMENTStock Option Assumption Agreement • May 30th, 2003 • Cisco Systems Inc • Computer communications equipment
As you know, on May 7, 2003 (the “Closing Date”) Cisco Systems, Inc. (“Cisco”) acquired SignalWorks, Inc. (“SignalWorks”) (the “Acquisition”). In the Acquisition, each share of SignalWorks common stock was exchanged for 0.05625 (the “Exchange Ratio”) of a share of Cisco common stock (“Cisco Stock”). On the Closing Date you held one or more outstanding options to purchase shares of SignalWorks common stock granted to you under the SignalWorks, Inc. 2001 Stock Plan (the “Plan”). In accordance with the Acquisition, on the Closing Date Cisco assumed all obligations of SignalWorks under these outstanding options. This Agreement evidences the assumption of an option to purchase SignalWorks common stock granted to you under the Plan on (the “SignalWorks Option”), and documented by a stock option agreement entered into by and between you and SignalWorks and dated (the “Option Agreement”), including the necessary adjustments to the SignalWorks Option required by the Acquisition.
SIGNALWORKS, INC. INCENTIVE STOCK OPTION AGREEMENTIncentive Stock Option Agreement • May 30th, 2003 • Cisco Systems Inc • Computer communications equipment
This Incentive Stock Option Agreement (the “Agreement”) is made and entered into, as of the Date of Grant indicated above, between SignalWorks, Inc., a California corporation (the “Company“), and the Employee indicated above, pursuant to the Company’s 2001 Stock Plan (the “Plan”), which reserves for issuance to persons serving the Company and its Subsidiaries as employees and consultants certain shares of the Company‘s no par value Common Stock (hereinafter called the “Common Stock”). As used in this Agreement, the term “Subsidiary” shall mean any present or future corporation which would be a “subsidiary corporation” of the Company, as that term is defined in Sections 425(f) and (g) of the Internal Revenue Code of 1986 (the “Code”).
