Document:

EXHIBIT 4.6.2

 

 

Catalyst Semiconductor,
Inc.

 

Stock Option Agreement

 

AMENDED AND RESTATED
STOCK OPTION PLAN

 

1.             NOTICE
OF OPTION TO PURCHASE

 

You have been granted an option to purchase Common Stock of the
company, subject to the terms and conditions of the Plan and this Stock Option
Agreement.  Unless otherwise defined
herein, the terms defined in the amended and restated 2004 Equity Incentive
Plan (the “Plan”) will have the same defined meanings in this Stock Option
Agreement (the “Agreement”).

 

	
  Name of Optionee

  	
   

  	
  Number of Shares

  Granted

  	
   

  	
  Grant Date

  	
   

  	
  Grant Price per Share

  	
   

  	
  Grant Number/Type

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

Vesting Schedule:

 

This Option to Purchase may be exercised, in whole or in part, in
accordance with the following schedule:

 

	
  Period

  	
   

  	
  Vesting Date

  	
   

  	
  Option to Purchase

  	
   

  	
  Vesting in period occurs at

  	
   

  	
  Grant Expiration Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

Termination Period:

 

This Option to
Purchase shall be exercisable for ninety (90) days after the termination of
your Service, unless such termination is due to your death or Disability, in
which case this Option shall be exercisable for one (1) year after the
termination of your Service. 
Notwithstanding the foregoing, in no event may this Option be exercised
after the Grant Expiration Date as provided above and may be subject to earlier
termination as provided in Section 11 of the Plan.

 

 

See the Terms and Conditions of the agreement
section of this document.

 

By your acceptance of this on-line document,
you and the Company agree that this Option to Purchase is granted under and
governed by the terms and conditions of the Plan and this Option Agreement.
Your acceptance also confirms that you have reviewed and fully understand all
provisions of the Plan and this Option Agreement in their entirety, and
understand that you may choose to obtain the advice of counsel prior to
accepting this Option Agreement. As the Optionee, you hereby agree to accept as
binding, conclusive and final all decisions or interpretations of the Committee
about any questions relating to the Plan and this Option Agreement.

 

Terms
and Conditions

A.            Grant of Option:

 

The Committee hereby grants
to the individual named in the Notice of Option to Purchase (the “Optionee”),
an option (the “Option”) to purchase a number of Shares, as set forth, in the
Notice of Option to Purchase, at the Grant Price Per Share set forth in this
Notice of Option to Purchase (the “Grant Price”), subject to the terms and
conditions of the Plan, which is incorporated herein by reference.  Subject to Section 14(b) of the Plan, in the
event of a conflict between the terms and conditions of the Plan and the terms
and conditions of this Option Agreement, the terms and conditions of the Plan
shall prevail.

 

If designated in the Notice
of Option to Purchase as an Incentive Stock Option, this Option in intended to
qualify as an Incentive Stock Option under Section 422 of the Code.  However, if this Option is intended to be an
Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code
Section 422(d) it will be treated as a Nonstatutory Stock Option (“NSO”).

 

B.            Exercise of Option:

 

1.     Right to Exercise.

 

This
Option is exercisable during its term in accordance with the Vesting Schedule
set out in the Notice of Option to Purchase and the applicable provisions of
the Plan and this Option Agreement.  In
the event of the termination of Optionee’s Service, the exercisability of the
Option is governed by the applicable provisions of the Plan, the Notice of
Option to Purchase and this Option Agreement.

 

2.     Method of Exercise.

 

This
Option is exercisable by delivery of an exercise notice, in the form approved
by the Committee (the “Exercise Notice”), or the completion of such other
process or procedure as the Committee may determine from time to time, which
shall state the election to exercise the Option, the number of Shares in
respect of which the Option is being exercised (the “Exercised Shares”), and
such other representations and agreements as may be required by the Company
pursuant to the provisions of the Plan. 
Optionee shall execute the Exercise Notice and deliver it in person, by
email, on-line or by certified mail to the Company’s Stock Option Plan
Administrator or complete such process or procedure as the Committee determines
in its sole discretion.  The Exercise
Notice shall be accompanied by payment of the aggregate Grant Price as to all
Exercised Shares or notification of sale using the Company’s cashless exercise
program through a broker authorized by the Company for participation in such
program, in either case, together with any applicable tax withholding. This
Option shall be such deemed to be exercised upon receipt by the company of such
fully executed Exercise Notice accompanied by such aggregate Grant Price,
together with any applicable tax withholding.

 

 

No Shares shall be issued
pursuant to the exercise of this Option unless such issuance and exercise
complies with all relevant provisions of law and the requirements of any stock
exchange or national quotation system upon which the Shares are then listed or
quoted. Assuming such compliance, for income tax purposes the Exercised shares
shall be considered transferred to Optionee on the date the Option is exercised
with respect to such Exercised Shares.

 

C.            Method of Payment:

 

Payment of the aggregate
Grant Price shall be by any of the following, or a combination thereof, at the
election of the Optionee: (1) cash; (2) check, (3) delivery of a properly
executed exercise notice together with such other documentation as the Stock
Option Plan Administrator and the broker participating in the Company’s
cashless exercise program, if applicable, shall require to effect an exercise
of the Option and delivery to the company of the sale proceeds required to pay
the grant price, or (4) surrender of other Shares that (i) in the case of
Shares acquired upon exercise of an option, have been owned by Optionee for
more than six months on the date of surrender, and (ii) have a Fair Market
Value on the date of surrender equal to the aggregate Grant Price of the
Exercised Shares.

 

D.            Non-Transferability of Option:

 

This Option may not be
transferred in any manner otherwise than by will or by the laws of descent or
distribution and may be exercised during the lifetime of Optionee only by
Optionee. The terms of the Plan and this Option Agreement shall be binding upon
the executors, administrators, heirs, successors and assigns of Optionee.

 

E.             Term of Option:

 

This Option may be exercised
only within the term set out in the Notice of Option to Purchase, and may be
exercised during such term only in accordance with the Plan and terms of this
Option Agreement.

 

F.             Tax Obligations.

 

1.    Withholding Taxes.

 

Optionee agrees to make
appropriate arrangements with the Company (or the Parent or Subsidiary
employing or retaining Optionee) for the satisfaction of all Federal, state,
and local income and employment tax withholding requirements applicable to the
Option exercise.  Optionee acknowledges
and agrees that the Company may refuse to honor the exercise and refuse to
deliver Shares if such withholding amounts are not delivered at the time of
exercise.

 

2.    Notice of Disqualifying Disposition of ISO
Shares.

 

If
the Option granted to Optionee herein is an Incentive Stock Option, and if
Optionee sells or otherwise disposes of any of the Shares acquired pursuant to
the Incentive Stock Option on or before the later of (1) the date two years
after the Grant Date, or (2) the date one year after the date of exercise,
Optionee will immediately notify the Company in writing of such
disposition.  Optionee agrees that
Optionee may be subject to income tax withholding by the Company on the
compensation income recognized by Optionee.

 

 

G.            Entire Agreement; Governing Law.

 

The Plan is incorporated
herein by reference.  The Plan and this
Option Agreement constitute the entire agreement of the parties with respect to
the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Company and Optionee with respect to the
subject matter hereof, and may not be modified adversely to Optionee’s interest
except by means of a writing signed by the Company and Optionee.  This Option Agreement is governed by the
internal substantive laws, but not the choice of law rules, of California.

 

H.            NO GUARANTEE OF CONTINUED SERVICE.

 

OPTIONEE
ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING
SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL
OF THE COMPANY (AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED AN OPTION
OR PURCHASING SHARES HEREUNDER). 
OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE
TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN
DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A
SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL
NOT INTERFERE WITH OPTIONEE’S RIGHT OR THE RIGHT COMPANY (OR THE PARENT OR
SUBSIDIARY EMPLOYING OR RETAINING OPTIONEE) TO TERMINATE OPTIONEE’S
RELATIONSHIP A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.EXHIBIT 10.1

 

RESTRICTED STOCK UNIT AWARD
AGREEMENT

 

THIS RESTRICTED
STOCK UNIT AWARD AGREEMENT (the “Agreement”), dated as of the 2nd day of March,
2006 (the “Award Date”) and entered into by and between iStar Financial Inc.
(the “Company”) and the Participant identified on the Notice of Grant of Award
attached hereto (the “Notice”), sets forth the general terms and conditions of
an award of restricted stock units (“Units”) relating to shares of Common Stock
of the Company (“Shares”) made to the Participant, pursuant to the iStar
Financial Inc. 1996 Long-Term Incentive Plan, as amended and restated (the
“Plan”). Except as otherwise defined herein, capitalized terms used in this
Agreement have the respective meanings set forth in the Plan.

 

1.     Award.  The number of Units, representing the right
to receive an equivalent number of Shares, is set forth in the attached Notice.

 

2.     Vesting.

 

(a)   The Units shall vest in increments in the
amounts, and on the dates, set forth in the attached Notice, if the Participant’s
employment with an iStar Entity (as defined below) has not terminated before
each such vesting date; provided, however, all of the Units shall
become immediately vested in the event the Participant terminates employment
with an iStar Entity by reason of death or Disability or if an iStar Entity
terminates Participant’s employment without Cause (as defined below) and a new
employment relationship is not established between Participant and another
iStar Entity within 30 days of such termination.

 

(b)   Upon the vesting of Units, Participant shall
be entitled to receive Shares equal to the number of vested Units. The Company
shall withhold Shares in an amount necessary to satisfy any applicable income
taxes and other withholding obligations due in connection with the vesting of
the Units. Promptly following each vesting date, the net amount of Shares shall
be issued and delivered to Participant, free of any restrictive legend, in
certificated form or otherwise as Participant may direct.

 

(c)   In the event that Participant voluntarily
terminates employment with an iStar Entity or an iStar Entity terminates
Participant’s employment for Cause (as defined below), any unvested portion of
the Units shall be forfeited automatically as of the date of termination of employment.

 

(d)   “iStar Entity” shall mean the Company and any
entity controlled by, controlling or under common control with the Company.

 

(e)   “Cause” shall mean:

 

(i)    Any actions or omissions representing
fraudulent or willful misconduct against the Company, any of its affiliates or
any iStar Entity; provided, however, that no act or failure to act shall be
considered “willful” unless it is done, or omitted to be done, without

 

 

reasonable belief that such action or omission was in
the best interest of the Company or the iStar Entity that then employs
Participant;

 

(ii)   conviction of a felony (unless such felony
solely involves traffic violations or unless such felony reversed, overturned
or vacated on appeal);

 

(iii)  any grossly negligent action or omission or
action or omission representing reckless disregard of any of Participant’s
duties and obligations as an employee or otherwise to the Company, its
affiliates or any iStar Entity if such action or omission results in materially
adverse consequences for the Company, its affiliates or any iStar Entity;

 

(iv)  a knowing action or knowing omission to take
any action which would place the Company or any iStar Entity that employs
Participant in material default in the performance of any of its contractual or
legal duties or obligations to other persons or entities; provided, however,
that no act or failure to act shall be considered “knowing” unless it is done,
or omitted to be done, without reasonable belief that such action or omission
was in the best interest of the Company or any iStar Entity that employs
Participant;

 

(v)   the failure, left uncured after not less than
thirty (30) days prior written notice from the Company or any iStar Entity that
employs Participant specifying in reasonable detail the breach(es) complained
of, to substantially perform his or her duties to the Company or any iStar
Entity that employs Participant (excluding, however, any failure to meet any
performance targets), except where such failure results from incapacity due to
physical or mental illness; or

 

(vi)  any dereliction of duty or negligent
misconduct in respect of Participant’s duties and obligations as an employee or
otherwise to the Company, its affiliates or any iStar Entity which results in a
breach by the Company or any iStar Entity that employs Participant of any
contractual agreement binding upon the Company or any iStar Entity that employs
Participant and which breach causes material adverse consequences for the
Company, its affiliates or any iStar Entity.

 

3.     Restrictions on Units.

 

(a)   The “Restricted Period” with respect to each
installment of Units is the period commencing on the Award Date and ending on
the vesting date for such installment.

 

(b)   During the Restricted Period, Units that are
not vested (and the Shares represented by such Units) are not transferable
except as designated by the Participant by will or by the laws of descent and
distribution or, subject to such procedures as the Administrator may establish,
to or for the benefit of the Participant’s family. Except as permitted by the
foregoing, Units that are not vested (and the Shares represented by such Units)
may not be sold, assigned, transferred, pledged, hypothecated, encumbered or
otherwise disposed of (whether by operation of law and otherwise) or be subject
to execution, attachment or similar process. Any attempt to so sell, transfer,
assign, pledge, hypothecate, voluntarily encumber or otherwise dispose of Units
or Shares shall be null and void.  Upon
the vesting of Units, the Shares that are delivered to Participant shall be
fully transferable by Participant.

 

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(c)   During the Restricted Period, Units that are
not vested (and the Shares represented by such Units) shall not be evidenced by
a certificate registered in the name of the Participant.

 

(d)   During the Restricted Period, the Participant
shall not be entitled to vote with respect to Shares represented by Units that
are not vested.  Upon the vesting of
Units, the Participant shall have full rights as a shareholder with respect to
the Shares to be delivered to Participant upon vesting, including the right to
vote such Shares.

 

4.     Dividend
Equivalent Rights.  From and after
the Award Date and ending on the vesting date of each installment of Units, the
Participant shall be entitled to receive payments with respect to each Unit
equal to the dividends paid by the Company on one Share. Such payments shall be
made to the Participant in cash, net of applicable tax withholdings, on the
same date as dividend payments are made to Company shareholders. The right to
receive such payments with respect to a Unit shall terminate upon the vesting
of such Unit, at which time the Participant shall be entitled to receive Shares
equal to the number of vested Units, net of applicable tax withholdings, and
shall thereafter receive dividends on such Shares in the same manner as other
Company shareholders. 

 

5.     Adjustments
to Number of Units and Shares.  In
the event of any change in the Company’s outstanding Shares by reason of any
stock dividend, split, spinoff, recapitalization or other similar change, the
terms and the number of any outstanding Units (and the Shares represented by
such Units) shall be equitably adjusted by the Administrator in its discretion
to the extent the Administrator determines that such adjustment is necessary to
preserve the benefit of this Agreement for the Participant and the Company.

 

5.     Agreement
Not Contract of Employment.  This
Agreement does not constitute a contract of employment, and does not give the
Participant the right to be retained in the employ of the Company.

 

6.     Successors
and Assigns.  This Agreement shall be
binding upon, and inure to the benefit of, the Company and its successors and
assigns, and upon any person acquiring, whether by merger, consolidation,
purchase of assets or otherwise, all or substantially all of the Company’s
assets and business.

 

7.     Administration.  The authority to administer and interpret
this Agreement shall be vested in the Administrator, and the Administrator
shall have all the powers with respect to this Agreement as it has with respect
to the Plan.  Any interpretation of the
Agreement by the Administrator and any decision made by it with respect to the
Agreement are final and binding on all persons.

 

8.     Representations.  The Shares represented by the Units are
currently registered under the Securities Act of 1933, as amended (the
“Securities Act”), and any applicable state securities laws, pursuant to an
effective registration statement.  The
Participant hereby represents and covenants that any subsequent sale of any
such Shares shall be made either pursuant to an effective registration
statement under the Securities Act and any applicable state securities laws, or
pursuant to an exemption from registration under the Securities Act and such
state securities laws.

 

9.     Plan
Governs.  The terms of this Agreement
shall be subject to the terms of the Plan, a copy of which may be obtained by
the Participant from the office of the Secretary of the Company.

 

10.   Amendment
and Termination.  The Board of
Directors of the Company may at any time amend or terminate the Plan, provided
that no such amendment or termination may materially adversely affect the
rights of the Participant awarded hereunder.

 

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11.   Waiver
of Responsibility.  Participant
understands that the Company has assumed no responsibility for advising
Participant as to the tax consequences to Participant of the grant of Units
under this Agreement.  Participant should
consult with his or her individual tax advisor concerning the applicability of
Federal, state and local tax laws to the Restricted Shares and to his or her
personal tax circumstances.

 

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