REDBACK NETWORKS INC. 1999 STOCK INCENTIVE PLAN (AS AMENDED AND RESTATED AS OF MAY 6, 2005)1999 Stock Incentive Plan • May 27th, 2005 • Redback Networks Inc • Services-computer integrated systems design
The Plan was adopted by the Board effective as of the date of the Company’s initial public offering. The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by (a) encouraging Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Outside Directors and Consultants with exceptional qualifications and (c) linking Employees, Outside Directors and Consultants directly to stockholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of Restricted Shares or Options (which may constitute incentive stock options or nonstatutory stock options).
