Document:

ex10_2.htm

  
    EXHIBIT
10.2

     

    

     

    CYBERONICS,
INC.

     

    AND

     

    WELLS
FARGO BANK, NATIONAL ASSOCIATION

     

    As
Trustee

     

    _______________________________

     

    SUPPLEMENTAL
INDENTURE

     

    Dated as
of April 18, 2008

     

    to

     

    Indenture

     

    Dated as
of September 27, 2005

     

    3.0%
Senior Subordinated Convertible Notes Due 2012

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SUPPLEMENTAL
INDENTURE, dated as of April 18, 2008 (this “Supplemental Indenture”),
between CYBERONICS, INC., a Delaware corporation (the “Company”) and WELLS FARGO
BANK, NATIONAL ASSOCIATION, a national banking association duly organized under
the laws of the United States, as trustee (the “Trustee”).  All
capitalized terms used and not defined herein shall have the respective meanings
assigned to them in the Indenture (as defined below).

     

    WHEREAS,
the Company and the Trustee are parties to an Indenture, dated as of September
27, 2005 (the “Indenture”), pursuant to
which the Company issued its 3.0% Senior Subordinated Convertible Notes Due 2012
(the “Securities”);

     

    WHEREAS,
Section 7.2 of the Indenture provides that the Company and the Trustee may amend
the Indenture and the Securities without the consent of any Holders of
Securities to add to the covenants of the Company or provide Guarantees for the
benefit of the Holders of Securities;

     

    WHEREAS,
the directors of the Company have authorized and approved the amendments to the
Indenture set forth herein and will deliver to the Trustee resolutions of the
Board of Directors to that effect (the “Amendments”);

     

    WHEREAS,
the execution and delivery of this Supplemental Indenture have been duly
authorized and all conditions and requirements necessary to make this
Supplemental Indenture a valid and binding agreement have been performed and
complied with;

     

    NOW,
THEREFORE, for and in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which hereby are acknowledged, it
is mutually covenanted and agreed, for the equal proportionate benefit of all
Holders of the Securities, as follows:

     

    ARTICLE
I

     

    AMENDMENTS
TO INDENTURE

     

    Section
1.1                                The
following definitions are hereby added to Section 1.1, as alphabetically
appropriate:

     

    “Company Optional Repurchase
Notice” shall have the meaning specified in Section 11.2(b)
hereof.

    

    “Optional Repurchase Date”
shall have the meaning specified in Section 11.2(a) hereof.

    

    “Optional Repurchase Price”
shall have the meaning specified in Section 11.2(a) hereof.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    “Optional Repurchase Right”
shall have the meaning specified in Section 11.2(a) hereof.

    

    Section 1.2    Section 11.2
is hereby amended and restated to read in its entirety as set forth
below:

    

    SECTION
11.2    Repurchase at Option of
Holders.

    

    (a)           On
December 27, 2011 (the “Optional Repurchase Date”),
each Holder shall have the right (the “Optional Repurchase
Right”) at
the Holder’s option, but subject to the provisions of Section 11.2(b)-(i)
hereof, to require the Company to repurchase, and upon the exercise of such
right the Company shall repurchase, all of such Holder’s Securities or any
portion of the principal amount thereof that is equal to $1,000 or any integral
multiple thereof (provided,
however, that no single Security may be repurchased in part unless the
portion of the principal amount of such Security to be Outstanding after such
repurchase is equal to $1,000 or integral multiples thereof), at a purchase
price in cash equal to 100% of the principal amount of the Securities to be
repurchased (the “Optional
Repurchase Price”), plus interest accrued and unpaid to, but excluding,
the Optional Repurchase Date.

     

    (b)           Prior
to or on the 20th Business Day before the Optional Repurchase Date, the Company
shall give to all Holders of Securities notice (the “Company Optional Repurchase
Notice”) in the manner provided in Section 14.2 hereof, of the Optional
Repurchase Right set forth herein.  The Company shall also deliver a
copy of the Company Optional Repurchase Notice to the Trustee.  The
Company Optional Repurchase Notice shall state:

     

    

    (1)           the
Optional Repurchase Price;

     

    

    (2)           a
description of the procedure which a Holder must follow to exercise an Optional
Repurchase Right, and the place or places where such Securities are to be
surrendered for payment of the Optional Repurchase Price and accrued and unpaid
interest, if any;

     

    

    (3)           that
on the Optional Repurchase Date the Optional Repurchase Price and accrued and
unpaid interest, if any, will become due and payable upon each such Security
designated by the Holder to be repurchased, and that interest thereon shall
cease to accrue on and after said date;

     

    
      
         

      

      
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    (4)           the
Conversion Rate then in effect, the date on which the right to convert the
Securities to be repurchased will terminate and the place where such Securities
may be surrendered for conversion; and

    

    (5)           the
place or places where such Securities, together with the Optional Repurchase
notice included in Exhibit A annexed
hereto are to be delivered for payment of the Optional Repurchase Price and
accrued and unpaid interest, if any.

     

    

    No
failure of the Company to give the foregoing notices or defect therein shall
limit any Holder’s right to exercise an Optional Repurchase Right or affect the
validity of the proceedings for the repurchase of Securities.

    

    (c)           If
any of the foregoing provisions or other provisions of this Article 11 are
inconsistent with applicable law, such law shall govern.

    

    (d)           To
exercise an Optional Repurchase Right, a Holder shall deliver to the Trustee
prior to the close of business on the Business Day immediately preceding the
Optional Repurchase Date:

     

    

    (1)           written
notice of the Holder’s exercise of such right, which notice shall set forth the
name of the Holder, the principal amount of the Securities to be repurchased
(and, if any Security is to be repurchased in part, the serial number thereof,
the portion of the principal amount thereof to be repurchased) and a statement
that an election to exercise the Optional Repurchase Right is being made
thereby, substantially in the form attached hereto as the Optional Repurchase
notice included in Exhibit A annexed
hereto; and

     

    

    (2)           the
Securities with respect to which the Optional Repurchase Right is being
exercised.

     

    

    Such
written notice shall be irrevocable unless the Company defaults in its
obligation to pay the Optional Repurchase Price on the Optional Repurchase Date
as required herein.

    

    (e)           In
the event an Optional Repurchase Right shall be exercised in accordance with the
terms hereof, the Company shall pay or cause to be paid to

     

    
      
        
        

      

      
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     the
Trustee the Optional Repurchase Price and any accrued and unpaid interest in
cash for payment to the Holder on the Optional Repurchase Date.

     

    

    (f)           If
any Security (or portion thereof) surrendered for repurchase shall not be so
paid on the Optional Repurchase Date, the principal amount of such Security (or
portion thereof, as the case may be) shall, until paid, bear interest to the
extent permitted by applicable law from the Optional Repurchase Date at the
Interest Rate, and each Security shall remain convertible into Common Stock
until the principal of such Security (or portion thereof, as the case may be)
shall have been paid.

     

    (g)           Any
Security which is to be repurchased only in part shall be surrendered to the
Trustee (with, if the Company or the Trustee so requires, due endorsement by, or
a written instrument of transfer in form satisfactory to the Company and the
Trustee duly executed by the Holder thereof or his attorney duly authorized in
writing), and the Company shall execute, and the Trustee shall authenticate and
make available for delivery to the Holder of such Security without service
charge, a new Security or Securities, containing identical terms and conditions,
each in an authorized denomination in aggregate principal amount equal to and in
exchange for the unrepurchased portion of the principal of the Security so
surrendered.

     

    

    (h)           All
Securities delivered for repurchase shall be delivered to the Trustee to be
canceled at the direction of the Trustee, which shall dispose of the same as
provided in Section 2.15 hereof.

     

    

    Section 1.3    Exhibit A
shall be amended to include the Optional Repurchase notice attached hereto as
Annex
A.

     

    ARTICLE
II

    

    MISCELLANEOUS
PROVISIONS

    

    Section 2.1    Upon execution
and delivery of this Supplemental Indenture, the terms and conditions of this
Supplemental Indenture shall be part of the terms and conditions of this
Indenture for any and all purposes, and all the terms and conditions of both
shall be read together as though they constitute one and the same instrument,
except that in the case of conflict, the provisions of this Supplemental
Indenture will control.

     

    Section 2.2    Each of the
Company and the Trustee hereby confirms and reaffirms the Indenture, as amended
and supplemented by this Supplemental Indenture.

     

    
      
        
        

      

      
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    Section 2.3    The Parties
may sign any number of copies of this Supplemental Indenture.  Each
signed copy shall be an original, but all of them together shall represent the
same agreement.  One copy is enough to prove this Supplemental
Indenture.

     

    Section 2.4    All provisions
of this Supplemental Indenture shall be deemed to be incorporated in, and made a
part of, the Indenture; and the Indenture, as amended and supplemented by this
Supplemental Indenture, shall be read, taken and construed as one and the same
instrument.

     

    Section 2.5    The recitals
contained herein shall be taken as the statements of the Company, and the
Trustee assumes no responsibility for their correctness.  The Trustee
shall not be liable or responsible for the validity or sufficiency of this
Supplemental Indenture or the due authorization of this Supplemental Indenture
by the Company.  In entering into this Supplemental Indenture, the
Trustee shall be entitled to the benefit of every provision of the Indenture
relating to the conduct of, affecting the liability of or according protection
to the Trustee, whether or not elsewhere herein so provided.

     

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    IN
WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to
be duly executed as of the day and year written above.

    

    
      	 
      	
              CYBERONICS,
      INC.

            
	 
      	 
      
	 
      	 
      
	 
      	
              By:  /s/ Daniel J. Moore                        

            
	 
      	
              Daniel
      J. Moore

            
	 
      	
              President
      & Chief Executive Officer

            
	 
      	 
      
	 
      	 
      
	 
      	 
      
	 
      	
              WELLS
      FARGO BANK, NATIONAL ASSOCIATION,

            
	 
      	
              solely
      in its capacity as indenture trustee and not in its

            
	 
      	
              individual
      capacity

            
	 
      	 
      
	 
      	 
      
	 
      	
              By:
      /s/ Julie J.
      Becker                            

            
	 
      	
              [Name]  Julie
      J. Becker

            
	 
      	
              [Title]  Vice
      President

            

    

    
      
         

      

      
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    ANNEX
A

    

    OPTIONAL
REPURCHASE

    

    NOTICE
OF EXERCISE OF REPURCHASE RIGHT

    

    TO:         CYBERONICS,
INC.

    

    100 Cyberonics Boulevard

    

    Houston,
Texas  77058

    

    Attention: [ ]

    

    The
undersigned registered owner of this Security irrevocably acknowledges receipt
of the Company Optional Repurchase Notice from Cyberonics, Inc. (the “Company”)
and requests and instructs the Company to repay the entire principal amount of
this Security, or the portion thereof (which is $1,000 principal amount or an
integral multiple thereof) below designated, in accordance with the terms of the
Indenture referred to in this Security, together with interest accrued and
unpaid, but excluding such date, to the registered holder hereof, in
cash.

    

    
      	
              Dated:

            	
              Your
      Name:

            	 
      
	 
      	 
      	
              (Print
      your name exactly as it appears on the face of this
    Security)

            
	 
      	
              Your

              Signature:

            	 
      
	 
      	 
      	
              (Sign
      exactly as your name appears on the face of this
  Security)

            
	 
      	
              Signature

              Guarantee*:

            	 
      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              Social
      Security

              or
      other Taxpayer

              Identification
      Number:

            	 
      
	 
      	 
      	 
      

    

    Principal
amount to be repaid (if less than all): $

    

    *Participant
is a recognized Signature Guarantee Medallion Program (or other signature
guarantor acceptable to the Trustee).

    

    
      
         

      

      
        A-2exv10w01

 

 

    Exhibit 10.01

 

	 	 	 
	
    
	
 
	
    eBay Inc.

    2145 Hamilton Ave.

    San Jose, Ca 95125

    

    Company Tax ID:
    77-0430924
    

 

    Notice of
    Grant of Award

    and Award Agreement

    Award Number:

    Plan:

    Type:

 

 

    Effective          ,
    you (the Participant) have been granted an award
    of           deferred
    stock units. These units are restricted stock units and are
    restricted until the vest date(s) shown below, at which time you
    will receive shares of eBay Inc. (the Company) common stock.

 

    The award will vest in increments on the date(s) shown.

 

	 	 	 	 	 
	
    Shares
	
 
	
    Full Vest *

 

 

			
	
    * 		
    Vesting is subject to your active Continuous Service with an
    eBay company through the applicable vesting date.

 

    By Participant’s signature and the Company’s signature
    below, Participant agrees to be bound by the terms and
    conditions of the Plan, the Restricted Stock Unit Agreement, and
    this Grant Notice. Participant has reviewed the Plan, Restricted
    Stock Unit Agreement, and this Grant Notice in their entirety,
    has had an opportunity to obtain the advice of counsel prior to
    executing this Grant Notice and fully understands all provisions
    of the Plan, the Restricted Stock Unit Agreement, and this Grant
    Notice. Participant hereby agrees to accept as binding,
    conclusive and final all decisions or interpretations of the
    Company upon any questions arising under the Plan, the
    Restricted Stock Unit Agreement, and this Grant Notice.

 

	 	 	 
	
    

	
 
	
    

	

    eBay Inc.

	
 
	
    Date

	
 
	
 
	
 

	
    

	
 
	
    

	

    [Participant’s Name]

	
 
	
    Date

 

 

 

    EXHIBIT A

    TO RESTRICTED STOCK UNIT AWARD GRANT NOTICE

    

    eBAY INC. RESTRICTED STOCK UNIT AWARD AGREEMENT

 

    Pursuant to the Restricted Stock Unit Award Grant Notice (the
    “Grant Notice”) to which this Restricted
    Stock Unit Award Agreement (the
    “Agreement”) is attached, eBay Inc., a
    Delaware corporation (the “Company”) has
    granted to Participant the right to receive the number of
    restricted stock units (the “RSUs”)
    under the 2003 Deferred Stock Unit Plan, as amended from time to
    time (the “Plan”), as set forth in the
    Grant Notice.

 

    GENERAL

 

    1. Definitions.  All capitalized terms
    used in this Agreement without definition shall have the
    meanings ascribed in the Plan and the Grant Notice.

 

    2. Incorporation of Terms of Plan.  The
    Award is subject to the terms and conditions of the Plan which
    are incorporated herein by reference. In the event of any
    inconsistency between the Plan and this Agreement, the terms of
    the Plan shall control.

 

    AGREEMENT

 

    1. Grant of the RSUs.  As set forth in the
    Grant Notice, the Company hereby grants the Participant RSUs in
    exchange for past and future services to the Company subject to
    all the terms and conditions in this Agreement, the Grant Notice
    and the Plan. However, no shares of Common Stock (the
    “Shares”)shall be issued to the
    Participant until the time set forth in Section 2. Prior to
    actual payment of any Shares, such RSUs will represent an
    unsecured obligation of the Company, payable only from the
    general assets of the Company.

 

    2. Issuance of Stock.  Shares shall be
    issued to the Participant on or as soon as administratively
    practicable following each vesting date as set forth in the
    Grant Notice (and in no event later than 2-1/2 months
    following each such vesting date), provided that the Participant
    has not experienced a Termination on or prior to such date (the
    “Vesting Date”). After each such date
    the Company shall promptly cause to be issued (either in
    book-entry form or otherwise) to the Participant or the
    Participant’s beneficiaries, as the case may be, Shares
    with respect to RSUs that are becoming vested on such Vesting
    Date. No fractional Shares shall be issued under this Agreement.
    In the event Participant is Terminated, the RSUs shall cease
    vesting immediately upon such cessation of service and the
    unvested RSUs awarded by this Agreement shall be forfeited.

 

    For purposes of this Agreement,
    “Terminated” means that the Participant
    has for any reason ceased to provide services as an employee,
    officer, director, consultant, independent contractor, or
    advisor to the Company or any subsidiary of the Company. The
    Participant will not be deemed to have ceased to provide
    services in the case of (i) sick leave, (ii) military
    leave, or (iii) any other leave of absence approved by the
    Committee, provided, that such leave is for a period of not more
    than 90 days, unless reemployment upon the expiration of
    such leave is guaranteed by contract or statute or unless
    provided otherwise pursuant to formal policy adopted from time
    to time by the Company and issued and promulgated to employees
    in writing. In the case of any employee on an approved leave of
    absence, the Committee may make such provisions respecting
    suspension of vesting of the RSU while on leave from the employ
    of the Company or a Subsidiary as it may deem appropriate. The
    Committee will have sole discretion to determine whether the
    Participant has ceased to provide services and the effective
    date on which the Participant ceased to provide services.

 

    3. Taxes.  Notwithstanding anything to the
    contrary in this Agreement, the Company shall be entitled to
    require payment to the Company or any of its Subsidiaries any
    sums required by federal, state or local tax law to be withheld
    with respect to the issuance of the RSUs, the distribution of
    Shares with respect thereto, or any other taxable event related
    to the RSUs. The Company may permit the Participant to make such
    payment in one or more of the forms specified below:

 

    (a) by cash or check made payable to the Company;

 

    (b) by the deduction of such amount from other compensation
    payable to Participant;

 

    (c) in the sole discretion of the Company, by requesting
    that the Company withhold a net number of vested Shares
    otherwise issuable having a then current Fair Market Value not
    exceeding the amount necessary to satisfy the withholding
    obligation of the Company and its subsidiaries based on the
    minimum applicable statutory withholding rates for federal,
    state, local and foreign income tax and payroll tax
    purposes; or

 

    (d) in any combination of the foregoing.

 

    At any time during the life of the RSUs, in the event
    Participant provides services in a country other than the US, to
    the extent that such services result in taxable income in the
    non-US location Participant shall be considered an
    “Internationally Mobile Participant” until such time
    as the RSUs are fully vested.

 

    Internationally Mobile Participants shall not be permitted to
    make payment of taxes in accordance with clause (c) above.
    At the time of a taxable event, Internationally Mobile
    Participant authorizes the Company or an Affiliate to have the
    Company-designated broker to sell on the market a portion of the
    Shares that have an aggregate market value sufficient to pay the
    Tax-Related Items (a “Sell to Cover”).
    Any Sell to Cover arrangement shall be pursuant to terms
    specified by the Company from time to time.

 

    No fractional Shares will be withheld, sold to cover the any or
    all income tax, social insurance, payroll tax, payment on
    account or other tax-related withholding
    (“Tax-Related Items”) or issued pursuant
    to the grant of RSUs and the issuance of Shares thereunder;
    unless determined otherwise by the Company, any additional
    withholding for Tax-Related Items necessary for this reason will
    be done by the Company or an Affiliate, in its sole discretion,
    through Internationally Mobile Participant’s paycheck or
    other cash compensation paid to Internationally Mobile
    Participant by the Company
    and/or an
    Affiliate or through direct payment by Internationally Mobile
    Participant to the Company in the form of cash, check or other
    cash equivalent.

 

    In the event Participant fails to provide timely payment of all
    sums required by the Company pursuant to this Section 3,
    the Company shall have the right and option, but not obligation,
    to treat such failure as an election by Participant or
    Internationally Mobile Participant to satisfy all or any portion
    of his or her required payment obligation by means of requesting
    the Company to withhold vested Shares otherwise issuable in
    accordance with either clause (c) above or Sell to Cover,
    as applicable.

 

    The Company shall not be obligated to deliver any new
    certificate representing Shares issuable with respect to the
    RSUs to Participant or Participant’s legal representative
    unless and until Participant or Participant’s legal
    representative shall have paid or otherwise satisfied in full
    the amount of all federal, state, local and foreign taxes
    applicable to the taxable income of Participant resulting from
    the grant of the RSUs, the distribution of the Shares issuable
    with respect thereto, or any other taxable event related to the
    RSUs.

 

    4. Rights as Stockholder.  Neither the
    Participant nor any person claiming under or through the
    Participant will have any of the rights or privileges of a
    stockholder of the Company in respect of any Shares deliverable
    hereunder unless and until certificates representing such Shares
    (which may be in book entry form) will have been issued and
    recorded on the records of the Company or its transfer agents or
    registrars, and delivered to the Participant (including through
    electronic delivery to a brokerage account). After such
    issuance, recordation and delivery, the Participant will have
    all the rights of a stockholder of the Company with respect to
    voting such Shares and receipt of dividends and distributions on
    such Shares.

 

    5. Conditions to Issuance of
    Certificates.  Notwithstanding any other provision
    of this Agreement, the Company shall not be required to issue or
    deliver any certificate or certificates for any Shares prior to
    the fulfillment of all of the following conditions: (a) the
    admission of the Shares to listing on all stock exchanges on
    which such Shares is then listed, (b) the completion of any
    registration or other qualification of the Shares under any
    state or federal law or under rulings or regulations of the
    Securities and Exchange Commission or other governmental
    regulatory body, which the Company shall, in its sole and
    absolute discretion, deem necessary and advisable, (c) the
    obtaining of any approval or other clearance from any state or
    federal governmental agency that the Company shall, in its
    absolute discretion, determine to be necessary or advisable and
    (d) the lapse of any such reasonable period of time
    following the date the RSUs vest as the Company may from time to
    time establish for reasons of administrative convenience.

 

    6. Plan Governs.  This Agreement is
    subject to all terms and provisions of the Plan. In the event of
    a conflict between one or more provisions of this Agreement and
    one or more provisions of the Plan, the provisions of the Plan
    will govern.

 

    7. Award Not Transferable.  This grant and
    the rights and privileges conferred hereby will not be
    transferred, assigned, pledged or hypothecated in any way
    (whether by operation of law or otherwise) and will not be
    subject to sale under execution, attachment or similar process.
    Upon any attempt to transfer, assign, pledge, hypothecate or
    otherwise dispose of this grant, or any right or privilege
    conferred hereby, or upon any attempted sale under any
    execution, attachment or similar process, this grant and the
    rights and privileges conferred hereby immediately will become
    null and void.

 

    8. Rights as Stockholder.  Until Shares
    are issued in respect of the RSUs the Participant shall have no
    rights of a stockholder with respect to the
    RSUs.
    

 

    9. Not a Contract of Employment.  Nothing
    in this Agreement or in the Plan shall confer upon the
    Participant any right to continue to serve as an employee or
    other service provider of the Company or any of its subsidiaries.

 

    10. Governing Law.  The laws of the State
    of California shall govern the interpretation, validity,
    administration, enforcement and performance of the terms of this
    Agreement regardless of the law that might be applied under
    principles of conflicts of laws.

 

    11. Conformity to Securities Laws.  The
    Participant acknowledges that the Plan and this Agreement are
    intended to conform to the extent necessary with all provisions
    of the Securities Act and the Exchange Act, and any and all
    regulations and rules promulgated thereunder by the Securities
    and Exchange Commission, including without limitation
    Rule 16b-3
    under the Exchange Act. Notwithstanding anything herein to the
    contrary, the Plan shall be administered, and the Awards are
    granted, only in such a manner as to conform to such laws, rules
    and regulations. To the extent permitted by applicable law, the
    Plan and this Agreement shall be deemed amended to the extent
    necessary to conform to such laws, rules and regulations.

 

    12. Amendment, Suspension and
    Termination.  To the extent permitted by the Plan,
    this Agreement may be wholly or partially amended or otherwise
    modified, suspended or terminated at any time or from time to
    time by the Committee or the Board, provided, that,
    except as may otherwise be provided by the Plan, no amendment,
    modification, suspension or termination of this Agreement shall
    adversely effect the Award in any material way without the prior
    written consent of the Participant.

 

    13. Notices.  Notices required or
    permitted hereunder shall be given in writing and shall be
    deemed effectively given upon personal delivery or upon deposit
    in the United States mail by certified mail, with postage and
    fees prepaid, addressed to the Participant to his address shown
    in the Company records, and to the Company at its principal
    executive office.

 

    14. Successors and Assigns.  The Company
    may assign any of its rights under this Agreement to single or
    multiple assignees, and this Agreement shall inure to the
    benefit of the successors and assigns of the Company. Subject to
    the restrictions on transfer herein set forth, this Agreement
    shall be binding upon Participant and his or her heirs,
    executors, administrators, successors and assigns.

 

    15. Compliance in Form and
    Operation.  This Agreement and the RSUs are
    intended to comply with Section 409A of the Code and the
    Treasury Regulations thereunder
    (“Section 409A”) and shall be
    interpreted in a manner consistent with that intention.
    Notwithstanding any other provision of this Agreement, the
    Company reserves the right, to the extent the Company deems
    necessary or advisable, in its sole discretion, to unilaterally
    amend the Plan
    and/or this
    Agreement to ensure that all RSUs are awarded in a manner that
    qualifies for exemption from or complies with Section 409A,
    provided, however, that the Company makes no representations
    that the RSUs will comply with or be exempt from
    Section 409A and makes no undertaking to preclude
    Section 409A from applying to this RSU award.

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