Document:

INTEGRATED SURGICAL SYSTEMS, INC

                                                          

EXHIBIT 4.37

 

INTEGRATED SURGICAL SYSTEMS, INC.

2000 Stock Award Plan

 

1.Purpose of the Plan.  The INTEGRATED SURGICAL
SYSTEMS, INC. 2000 Stock Award Plan (the "Plan") is intended to attract, retain,
motivate and reward employees of, and consultants to, INTEGRATED SURGICAL
SYSTEMS, INC. (the "Company") and its Subsidiaries who are and will be
contributing to the success of the Company's business; to provide competitive
incentive compensation opportunities; and to further opportunities for stock
ownership by such employees and consultants in order to increase their
proprietary interest in the Company; provided, however, that officers and
directors who are employees of the Company and independent contractors who
perform services related to obtaining financing for the Company or its
Subsidiaries or promoting the Company's common stock  shall not be eligible to
participate in and receive shares under this Plan.  As used herein,
"Subsidiary" shall mean any corporation or other business organization
in which the Company owns, directly or indirectly, 50% or more of the voting
stock or capital at the time of the granting of or award under this Plan.
Accordingly, the Company may from time to time grant to selected employees or
consultants ("participants") awards ("awards") of shares of common stock of the
Company $.01 par value ("Stock"), together with, to the extent determined by the
Company in its sole discretion at the time of the grant of the award,
reimbursement by the Company of amounts payable by the recipient of the award as
a consequence of any such award ("Cash Amount"), subject to the terms
and conditions hereinafter provided.

2.Administration of the Plan.  The Plan shall be
administered by the Board of Directors of the Company as such Board of Directors
may be composed from time to time and/or by the Compensation Committee (the
"Committee") which shall be comprised of solely of at least two Outside
Directors (as such term is defined in regulations promulgated from time to time
with respect to Section 162(m)(4)(C)(i) of the Code) appointed by such Board of
Directors of the Company.  As and to the extent authorized by the Board of
Directors of the Company, the Committee may exercise the power and authority
vested in the Board of Directors under the Plan.   The Board of Directors, or
the Committee to the extent authorized by the Board of Directors, is authorized
to interpret the Plan and may from time to time adopt such rules and regulations
for carrying out the Plan as it deems appropriate.  Decisions of the Board of
Directors and/or the Committee in connection with the administration of the Plan
shall be final, conclusive, and binding upon all parties including the Company,
stockholders and  employees. 

In addition to such other rights of indemnification as
they have as directors or as members of the Committee, the members of the Board
of Directors and the Committee shall be indemnified by the Company against
reasonable expenses (including, without limitation, attorneys' fees) actually
and necessary incurred in connection with the defense of any action, suit or
proceeding, or in connection with any appeal, to which they or any of them may
be a party by reason of any action taken or failure to act under or in
connection with the Plan or any awards granted hereunder, and against all
amounts paid by them in settlement thereof (provided such settlement is approved
to the extent required by and in the manner provided by the Certificate of
Incorporation and Bylaws of the Company relating to indemnification of
directors) or paid by them in satisfaction of a judgment in any such action,
suit or proceeding, except in relation to matters as to which it shall be
adjudged in such action, suit or proceeding that such Director or Committee
member or members did not act in good faith and in a manner he, she or they
reasonably believed to be in or not opposed to the best interest of the
Company.

Subject to the terms, provisions, and conditions of the Plan
as set forth herein, the Board of Directors and the Committee, to the extent
authorized by the Board of directors, shall have sole discretion and
authority:

(a)to select the employees and consultants to be awarded
Stock (it being understood that more than one award may be granted to the same
person);

(b)to determine the number of shares to be awarded to
each recipient and whether or not to grant any Cash Amount which may be granted
in tandem therewith;

(c)to determine the time or times when the awards may be
granted; and

(d)to prescribe the form of stock legend for the
certificates of shares of Stock or other instruments, if any, evidencing any
awards granted under this Plan.

3.Stock Subject to the Plan.  The aggregate number
of shares of Stock which may be awarded under the Plan shall not exceed 500,000
shares of Stock of the Company.  In the event that the outstanding shares of
Common Stock are hereafter changed by reason of recapitalization,
reclassification, stock split-up, combination or exchange of shares of Common
Stock or the like, or by the issuance of dividends payable in shares of Common
Stock, an appropriate adjustment shall be made by the Board of Directors, as
determined by the Board of Directors and/or the Committee, in the aggregate
number of shares of Common Stock available under the Plan.  Shares to be awarded
under the Plan shall be made available, at the discretion of the Committee,
either from the authorized but unissued shares of Stock of the Company or from
shares of Stock reacquired by the Company, including shares purchased in the
open market.

4.Eligibility.  Stock shall be awarded only to
employees of the Company (the term "employees" shall not include employees who
are officers or directors of the Company) and consultants to the Company, except
that Awards shall not be made to consultants who perform services  related to
obtaining financing for the Company or its Subsidiaries or promoting the
Company's common stock.

5.Awards and Certificates.  (a) Each recipient
shall be issued a certificate in respect of shares of Stock awarded under the
Plan.  Each certificate shall be registered in the name of the participant, and
shall bear an appropriate restrictive legend on its face, which legend shall be
subject to removal pursuant to an effective registration statement or an opinion
of counsel satisfactory to the Company that such registration is not required.
The Company may register, on behalf of the recipients, shares issued pursuant to
the Plan. Notwithstanding anything contained herein to the contrary, no
recipient shall be entitled to more than 20% of the aggregate number of shares
of Common Stock issuable pursuant to awards under the Plan.

(b)   The Board of Directors or Committee may, in its
sole discretion, grant to a recipient of an award, a Cash Amount not to exceed
the federal, state and local taxes the recipient must pay as a result of the
fair market value of the award being included in income for federal, state and
local income tax purposes.  The grant of a Cash Amount to one recipient shall in
no way require the Board of Directors or the Committee to grant a Cash Amount to
any other recipient of an award. 

6.Termination and Amendment.  The Committee
may
amend, suspend, or terminate the Plan at any time provided that no such
modification without the approval of stockholders shall:

(a)increase the maximum number of shares of Stock which
are available for awards under the Plan;

(b)extend the period during which awards may be granted
under the Plan beyond February 28, 2010; or

(c)impair the rights of any recipient under any
award.

7.Miscellaneous.

(a)Nothing in the Plan shall require the Company to issue
or transfer any shares pursuant to an award if such issuance or transfer would,
in the opinion of the Committee, constitute or result in a violation of any
applicable statute or regulation of any jurisdiction relating to the disposition
of securities.

(b)Notwithstanding any other provision of the Plan, the
Committee may at any time make or provide for such adjustment to the Plan, to
the number of shares available thereunder, or to any awards of Stock as it shall
deem appropriate, to prevent dilution or enlargement of rights, including
adjustments in the event of changes in the number or outstanding shares of Stock
by reason of stock dividends or distributions, stock splits or other
combinations or subdivisions of stock, recapitalization, issuances by
reclassification, mergers, consolidations, combinations or exchanges of shares,
separations, reorganizations, liquidations, or other similar corporate changes.
Any such determination by the Committee shall be conclusive.

(c)No employee or consultant shall have any claim or
right to be granted shares of Stock under the Plan, and neither the Plan nor any
action taken thereunder shall be construed as giving only employee any right to
be retained in the employ by the Company and/or a subsidiary or as giving any
contractor any right to continue to provide consulting services to the Company
or a Subsidiary.

(d)A recipient who receives an award shall have rights as
a share owner with
respect to the Stock covered by such award to receive dividends in cash or other
property or other distributions or rights in respect of such stock and to vote
the Stock as the record owner thereof.

(e)Income realized as a result of an award of stock shall
not be included in the recipient's earnings for the purpose of any benefit plan
in which the recipient may be enrolled or for which the recipient may become
eligible unless otherwise specifically provided for in such plan.

(f)If and when a recipient is required to pay the Company
an amount required to be withheld under any federal, state or local income tax
laws in connection with an award of stock under the Plan, the Committee may, in
its sole discretion and subject to such rules as it may adopt, permit the
participant to satisfy the obligation, in whole or in part, by electing to have
the Company withhold shares of Common Stock having a fair market value equal to
the amount required to be withheld.  The election to have shares withheld must
be made on or before the date the amount of tax to be withheld is
determined.

(g)The Plan and all determinations made and actions taken
pursuant thereto
shall be governed by the laws of the State of California and construed in
accordance therewith.

8.Effective Date and Term of the
Plan.  The effective date of the Plan shall be March 1, 2000.  No awards of
Stock may be made under the Plan after February 28, 2010.2000 Long-Term Performance Plan

EXHIBIT 4.38

INTEGRATED SURGICAL SYSTEMS, INC.

2000 LONG-TERM PERFORMANCE PLAN

1. Objectives.

The Integrated Surgical Systems, Inc. 2000 Long-Term Performance Plan (the "Plan") is designed to attract, motivate and retain selected employees of, and other individuals providing services to, Integrated Surgical Systems, Inc. (the "Company").
These objectives are accomplished by making long-term incentive and other awards under the Plan, thereby providing Participants with a proprietary interest in the growth and performance of the Company.

2. Definitions.

(a) "Awards" - The grant of any form of stock option, stock appreciation right, stock or cash award, whether granted singly, in combination or in tandem, to a Participant pursuant to such terms, conditions, performance requirements, limitations and
restrictions as the Committee may establish in order to fulfill the objectives of the Plan.

(b) "Award Agreement" - An agreement between the Company and a Participant that sets forth the terms, conditions, performance requirements, limitations and restrictions applicable to an Award.

(c) "Board" - The Board of Directors of Integrated Surgical Systems, Inc.

(d) "Capital Stock" or "stock" - Authorized and issued or unissued Capital Stock of the Company, at such par value as may be established from time to time.

(e) "Code" - The Internal Revenue Code of 1986, as amended from time to time.

(f) "Committee" - The committee designated by the Board to administer the Plan.

(g) "Company" - Integrated Surgical Systems, Inc. and its subsidiaries.

(h) "Fair Market Value" - The average of the high and low prices of Capital Stock on the Nasdaq SmallCap Market or other principal stock exchange or automated quotation service (including the OTC Bulletin Board) on which the Capital Stock is then
listed or quoted for the date in question, provided that, if no sales of Capital Stock were made on said exchange or automated quotation service on that date, the average of the high and low prices of Capital Stock as reported for the most recent
preceding day on which sales of Capital Stock were made on said exchange or quotation service.

(i) "Participant" - An individual to whom an Award has been made under the Plan. Awards may be made to any employee of, or any other individual or entity providing services to, the Company. However, incentive stock options may be granted only to
individuals who are employed by the Company or by a subsidiary corporation (within the meaning of section 424(f) of the Code) of the Company, including a subsidiary that becomes such after the adoption of the Plan.

(j) "Performance Period" - A multi-year period of no more than five consecutive calendar years over which one or more of the performance criteria listed in Section 6 shall be measured pursuant to the grant of Long-Term Performance Incentive Awards
(whether such Awards take the form of stock, stock units or equivalents or cash). Performance Periods may overlap one another, but no two Performance Periods may consist solely of the same calendar years.

3. Capital Stock Available for Awards.

The number of shares that may be issued under the Plan for Awards granted wholly or partly in stock during the term of the Plan is 1,000,000.  Shares of Capital Stock may be made available from the authorized but unissued shares of the Company or from
shares held in the Company's treasury and not reserved for some other purpose. For purposes of determining the number of shares of Capital Stock issued under the Plan, no shares shall be deemed issued until they are actually delivered to a Participant, or
such other person in accordance with Section 10. Shares covered by Awards that either wholly or in part are not earned, or that expire or are forfeited, terminated, canceled, settled in cash, payable solely in cash or exchanged for other awards, shall be
available for future issuance under Awards. Further, shares tendered to or withheld by the Company in connection with the exercise of stock options, or the payment of tax withholding on any Award, shall also be available for future issuance under Awards.

4. Administration.

The Plan shall be administered by the Committee, which shall have full power to select Participants, to interpret the Plan, to grant waivers of Award restrictions, to continue, accelerate or suspend exercisability, vesting or payment of an Award and
to adopt such rules, regulations and guidelines for carrying out the Plan as it may deem necessary or proper. These powers include, but are not limited to, the adoption of modifications, amendments, procedures, subplans and the like as necessary to comply
with provisions of the laws and regulations of the countries in which the Company operates in order to assure the viability of Awards granted under the Plan and to enable Participants regardless of where employed to receive advantages and benefits under
the Plan and such laws and regulations.

5. Delegation of Authority.

The Committee may delegate to officers of the Company its duties, power and authority under the Plan pursuant to such conditions or limitations as the Committee may establish, except that only the Committee or the Board may select, and grant Awards
to, Participants who are subject to Section 16 of the Securities Exchange Act of 1934.

6. Awards.

The Committee shall determine the type or types of Award(s) to be made to each Participant and shall set forth in the related Award Agreement the terms, conditions, performance requirements, and limitations applicable to each Award. Awards may include
but are not limited to those listed in this Section 6. Awards may be granted singly, in combination or in tandem. Awards may also be made in combination or in tandem with, in replacement or payment of, or as alternatives to, grants, rights or compensation
earned under any other plan of the Company, including the plan of any acquired entity. 

(a) Stock Option - A grant of a right to purchase a specified number of shares of Capital Stock the exercise price of which shall be not less than 100% of Fair Market Value on the date of grant of such right, as determined by the Committee, provided
that, in the case of a stock option granted retroactively in tandem with or as substitution for another award granted under any plan of the Company, the exercise price may be the same as the purchase or designated price of such other award. A stock option
may be in the form of an incentive stock option ("ISO") which, in addition to being subject to applicable terms, conditions and limitations established by the Committee, complies with section 422 of the Code. All of the shares that may be issued under the
Plan are available for issuance under ISOs granted under the Plan.

(b) Stock Appreciation Right - A right to receive a payment, in cash and/or Capital Stock, equal in value to the excess of the Fair Market Value of a specified number of shares of Capital Stock on the date the stock appreciation right (SAR) is
exercised over the grant price of the SAR, which shall not be less than 100% of the Fair Market Value on the date of grant of such SAR, as determined by the Committee, provided that, in the case of a SAR granted retroactively in tandem with or as
substitution for another award granted under any plan of the Company, the grant price may be the same as the exercise or designated price of such other award.

(c) Stock Award - An Award made in stock and denominated in units of stock..  All or part of any stock award may be subject to conditions established by the Committee, and set forth in the Award Agreement, which may include, but are not limited to,
continuous service with Company, achievement of specific business objectives, increases in specified indices, attaining growth rates, and other comparable measurements of Company performance. An Award made in stock or denominated in units of stock that is
subject to restrictions on transfer and/or forfeiture provisions may be referred to as an Award of "Restricted Stock," "Restricted Stock Units" or "Long-Term Performance Incentive" units.

(d) Cash Award - An Award denominated in cash with the eventual payment amount subject to future service and such other restrictions and conditions as may be established by the Committee, and as set forth in the Award Agreement, including, but not
limited to, continuous service with the Company, achievement of specific business objectives, increases in specified indices, attaining growth rates, and other comparable measurements of Company performance.

(e) Performance Criteria under section 162(m) of the Code for Long-Term Performance Incentive Awards - The performance criteria for Long-Term Performance Incentive Awards (whether such Awards take the form of stock, stock units or equivalents or cash)
made to any "covered employee" (as defined by section 162(m) of the Code) shall consist of objective tests based on one or more of the following: earnings, cash flow, customer satisfaction, revenues, financial return ratios, market performance,
shareholder return and/or value, operating profits (including EBITDA), net profits, earnings per share, profit returns and margins, stock price and working capital. Performance criteria may be measured solely on a corporate, subsidiary or business unit
basis, or a combination thereof. Further, performance criteria may reflect absolute entity performance or a relative comparison of entity performance to the performance of a peer group of entities or other external measure of the selected performance
criteria. The formula for any Award may include or exclude items to measure specific objectives, such as losses from discontinued operations, extraordinary gains or losses, the cumulative effect of accounting changes, acquisitions or divestitures, foreign
exchange impacts and any unusual, nonrecurring gain or loss. Nothing herein shall preclude the Committee from making any payments or granting any Awards whether or not such payments or Awards qualify for tax deductibility under section 162(m) of the Code.

7. Payment of Awards.

Payment of Awards may be made in the form of cash, stock or combinations thereof and may include such restrictions as the Committee shall determine. Further, with Committee approval, payments may be deferred, either in the form of installments or as a
future lump-sum payment, in accordance with such procedures as may be established from time to time by the Committee. Any deferred payment, whether elected by the Participant or specified by the Award Agreement or the Committee, may require the payment to
be forfeited in accordance with the provisions of Section 13. Dividends or dividend equivalent rights may be extended to and made part of any Award denominated in stock or units of stock, subject to such terms, conditions and restrictions as the Committee
may establish. The Committee may also establish rules and procedures for the crediting of interest on deferred cash payments and dividend equivalents for deferred payments denominated in stock or units of stock. At the discretion of the Committee, a
Participant may be offered an election to substitute an Award for another Award or Awards of the same or different type.

8. Stock Option Exercise.

The price at which shares of Capital Stock may be purchased under a stock option shall be paid in full in cash at the time of the exercise or, if permitted by the Committee, by means of tendering Capital Stock or surrendering another Award or any
combination thereof. The Committee shall determine acceptable methods of tendering Capital Stock or other Awards and may impose such conditions on the use of Capital Stock or other Awards to exercise a stock option as it deems appropriate.

9. Tax Withholding.

Prior to the payment or settlement of any Award, the Participant must pay, or make arrangements acceptable to the Company for the payment of, any and all federal, state and local tax withholding and employment taxes that in the opinion of the Company
is required by law. The Company shall have the right to deduct applicable taxes from any Award payment and withhold, at the time of delivery or vesting of shares under the Plan, an appropriate number of shares for payment of taxes required by law or to
take such other action as may be necessary in the opinion of the Company to satisfy all obligations for withholding of such taxes or for payment of employment taxes.

10. Transferability.

No Award shall be transferable or assignable, or payable to or exercisable by, anyone other than the Participant to whom it was granted, except (i) by law, will or the laws of descent and distribution, (ii) as a result of the disability of a
Participant or (iii) that the Committee (in the form of an Award Agreement or otherwise) may permit transfers of Awards by gift or otherwise to a member of a Participant's immediate family and/or trusts whose beneficiaries are members of the Participant's
immediate family, or to such other persons or entities as may be approved by the Committee. Notwithstanding the foregoing, in no event shall ISOs be transferable or assignable other than by will or by the laws of descent and distribution.

11. Amendment, Modification, Suspension or  Discontinuance of the Plan.

The Board may amend, modify, suspend or terminate the Plan for the purpose of meeting or addressing any changes in legal requirements or for any other purpose permitted by law. Subject to changes in law or other legal requirements that would permit
otherwise, the Plan may not be amended without the consent of the holders of a majority of the shares of Capital Stock then outstanding, to (i) increase the aggregate number of shares of Capital Stock that may be issued under the Plan (except for
adjustments pursuant to Section 14 of the Plan), or (ii) permit the granting of stock options or SARs with exercise or grant prices lower than those specified in Section 6.

12. Termination of Employment.

If the employment of a Participant terminates, other than as a result of the death or disability of a Participant, all unexercised, deferred and unpaid Awards shall be canceled immediately, unless the Award Agreement provides otherwise. In the event
of the death of a Participant or in the event a Participant is deemed by the Company to be disabled and eligible for benefits under the terms of any long-term disability plan or policy maintained by the Company, the Participant's estate, beneficiaries or
representative, as the case may be, shall have the rights and duties of the Participant under the applicable Award Agreement.

13. Cancellation and Rescission of Awards.

(a) Unless the Award Agreement specifies otherwise, the Committee may cancel, rescind, suspend, withhold or otherwise limit or restrict any unexpired, unpaid, or deferred Awards at any time if the Participant is not in compliance with all applicable
provisions of the Award Agreement and the Plan, or if the Participant engages in any "Detrimental Activity." For purposes of this Section 13, "Detrimental Activity" shall include: (i) the rendering of services for any organization or engaging directly or
indirectly in any business which is or becomes competitive with the Company, or which organization or business, or the rendering of services to such organization or business, is or becomes otherwise prejudicial to or in conflict with the interests of the
Company; (ii) the disclosure to anyone outside the Company, or the use in other than the Company's business, without prior written authorization from the Company, of any confidential information or material relating to the business of the Company,
acquired by the Participant either during or after employment with the Company; (iii) the failure or refusal to disclose promptly and to assign to the Company all right, title and interest in any invention or idea, patentable or not, made or conceived by
the Participant during employment by the Company, relating in any manner to the actual or anticipated business, research or development work of the Company or the failure or refusal to do anything reasonably necessary to enable the Company to secure a
patent where appropriate in the United States and in other countries; (iv) activity that results in termination of the Participant's employment for cause; (v) a violation of any rules, policies, procedures or guidelines of the Company; (vi) any attempt
directly or indirectly to induce any employee of the Company to be employed or perform services elsewhere or any attempt directly or indirectly to solicit the trade or business of any current or prospective customer, supplier or partner of the Company;
(vii) the Participant being convicted of, or entering a guilty plea with respect to, a crime, whether or not connected with the Company; or (viii) any other conduct or act determined to be injurious, detrimental or prejudicial to any interest of the Company
 .

(b) Upon exercise, payment or delivery pursuant to an Award, the Participant shall certify in a manner acceptable to the Company that he or she is in compliance with the terms and conditions of the Plan. In the event a Participant fails to comply with
the provisions of paragraphs (a)(i)-(viii) of this Section 13 prior to, or during the six months after, any exercise, payment or delivery pursuant to an Award, such exercise, payment or delivery may be rescinded within two years thereafter. In the event
of any such rescission, the Participant shall pay to the Company the amount of any gain realized or payment received as a result of the rescinded exercise, payment or delivery, in such manner and on such terms and conditions as may be required, and the
Company shall be entitled to set-off against the amount of any such gain any amount owed to the Participant by the Company.

14. Adjustments.

In the event of any change in the outstanding Capital Stock of the Company by reason of a stock split, stock dividend, combination or reclassification of shares, recapitalization, merger, or similar event, the Committee may adjust proportionately: (a)
the number of shares of Capital Stock (i) available for issuance under the Plan, (ii) available for issuance under ISOs, (iii) for which Awards may be granted to an individual Participant set forth in Section 6, and (iv) covered by outstanding Awards
denominated in stock or units of stock; (b) the exercise and grant prices related to outstanding Awards; and (c) the appropriate Fair Market Value and other price determinations for such Awards. In the event of any other change affecting the Capital Stock
or any distribution (other than normal cash dividends) to holders of Capital Stock, including a spin-off of the capital stock of a subsidiary, such adjustments in the number and kind of shares and the exercise, grant and conversion prices of the affected
Awards as may be deemed equitable by the Committee, including adjustments to avoid fractional shares, shall be made to give proper effect to such event. In the event of a corporate merger, consolidation, acquisition of property or stock, separation,
reorganization or liquidation, the Company or its successor shall issue or assume stock options, whether or not in a transaction to which section 424(a) of the Code applies, by means of substitution of new stock options for previously issued stock options
or an assumption of previously issued stock options. In such event, the aggregate number of shares of Capital Stock available for issuance under Awards under Section 3, including the individual Participant maximums set forth in Section 6 will be increased
to reflect such substitution or assumption.

15. Miscellaneous.

(a) Any notice to the Company required by any of the provisions of the Plan shall be addressed to the chief financial officer of the Company in writing, and shall become effective when it is received.

(b) The Plan shall be unfunded and the Company shall not be required to establish any special account or fund or to otherwise segregate or encumber assets to ensure payment of any Award.

(c) Nothing contained in the Plan shall prevent the Company from adopting other or additional compensation arrangements or plans, subject to shareholder approval if such approval is required, and such arrangements or plans may be either generally
applicable or applicable only in specific cases.

(d) No Participant shall have any claim or right to be granted an Award under the Plan and nothing contained in the Plan shall be deemed or be construed to give any Participant the right to be retained in the employ of the Company or to interfere with
the right of the Company to discharge any Participant at any time without regard to the effect such discharge may have upon the Participant under the Plan. Except to the extent otherwise provided in any plan or in an Award Agreement, no Award under the
Plan shall be deemed compensation for purposes of computing benefits or contributions under any other plan of the Company.

(e) Except as may otherwise be required by federal law, the Plan and each Award Agreement shall be governed by the laws of the State of California, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or
interpretation of the Plan to the substantive law of another jurisdiction. Unless otherwise provided in the Award Agreement, recipients of an Award under the Plan are deemed to submit to the exclusive jurisdiction and venue of the federal or state courts
of California, County of _________, to resolve any and all issues that may arise out of or relate to the Plan or any related Award Agreement.

(f) In the event that a Participant or the Company brings an action to enforce the terms of the Plan or any Award Agreement and the Company prevails, the Participant shall pay all costs and expenses incurred by the Company in connection with that
action, including reasonable attorneys' fees, and all further costs and fees, including reasonable attorneys' fees incurred by the Company in connection with collection.

(g) The Committee and any officers to whom it may delegate authority under Section 5 shall have full power and authority to interpret the Plan and to make any determinations thereunder, including determinations under Section 13, and the Committee's or
such officer's determinations shall be binding and conclusive. Determinations made by the Committee or any such officer under the Plan need not be uniform and may be made selectively among individuals, whether or not such individuals are similarly situated.

(h) If any provision of the Plan is or becomes or is deemed invalid, illegal or unenforceable in any jurisdiction, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed
amended or limited in scope to conform to applicable laws or, in the discretion of the Committee, it shall be stricken and the remainder of the Plan shall remain in full force and effect.  

(i) The Plan shall become effective upon adoption by the Board of Directors of the Company.  The Plan shall be subject to approval by the affirmative vote of the holders of a majority of the outstanding shares of Capital Stock entitled to vote thereon
within one year before or after adoption of the Plan by the Board of Directors.

16.  Not a Contract of Employment or for Services.

     Nothing contained in the Plan or in any option agreement executed pursuant hereto shall be deemed to confer upon any individual to whom an Option is or may be granted hereunder any right to remain in the employ of the Company or
of a subsidiary or parent of the Company or in any way limit the right of the Company, or of any parent or subsidiary thereof, to terminate the employment of any employee.

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