Q52 If I accept the Amendment and Acceleration Offer, will my options be automatically exercised?Amended Option Agreement • August 29th, 2005 • Microsemi Corp • Semiconductors & related devices
A52 No, this will not happen. If you elect to accept the Amendment and Acceleration Offer, your options will become vested and you will have the right to exercise these options early, if you desire. You do not have any obligation at all to utilize this right to exercise early – it is at your discretion. If you determine at some future date that you want to utilize the acceleration provisions of the Amended Option Agreement, then you can exercise these options before the original vesting date and sell enough of the shares necessary to cover the exercise price, brokerage fees and taxes due at the time of the exercise.
