Document:

Exhibit
10(w)

 

1995
CONVEX STOCK OPTION CONVERSION PLAN

 

PART 1. PLAN ADMINISTRATION AND
ELIGIBILITY

 

 

I.                              Purpose

 

The purpose of this 1995 Convex Stock Option
Conversion Plan (the “Plan”) is to comply with the Agreement and Plan of
Merger, dated as of September 21, 1995 (the “Merger Agreement”), by and among
Hewlett–Packard Company (the “Company”), Gemini Project Corporation, a
wholly-owned subsidiary of the Company (“Subsidiary”), Convex Computer
Corporation (“Convex”), pursuant to which Subsidiary was merged with and into
Convex, with the result that Convex was the survivor of the merger and thereby
became a wholly-owned subsidiary of the Company. Pursuant to the Merger
Agreement, the Company agreed to convert all stock options outstanding as of
the Effective Time (as defined in Section 1.02 of the Merger Agreement) (each,
a “Convex Option”) which were granted under Convex’s 1983 Incentive Stock
Option Plan and the 1991 Stock Option Plan (collectively, the “Convex Plans”)
into options to purchase Common Stock of the Company (“Conversion Options”).

 

II.                            Administration

 

A Stock Option Committee (the “Committee”), consisting
of three or more disinterested directors of the Company who are not
participants in the Plan, shall supervise and administer the Plan. All
questions of interpretation of the Plan shall be determined by the Committee
and such determination shall be final and binding upon all persons having an
interest in the Plan. Any or all powers and discretion vested in the Committee
under this Plan may be exercised by any subcommittee so authorized by the
Committee.

 

Delegation of Authority for the Day-to-Day
Administration of the Plan.  Except to the extent
prohibited by applicable law or applicable rules of a stock exchange, the Board
or any of its committees as shall be administering the Plan may delegate to one
or more individuals the day-to-day administration of the Plan and any of the
functions assigned to it in this Plan. The delegation may be revoked at any
time.

 

III.                           Participation in the
Plan

 

Eligible participants in the Plan include only those
persons who were Convex employees or consultants on the Effective Time or
former Convex employees or consultants and who, on such date, held valid and
outstanding options to purchase shares of Convex common stock under Convex
Plans (the “Optionees”).

 

 

1

 

IV.                           Stock Subject to the
Plan

 

The maximum number of shares which may be optioned
under the Plan shall be Three Hundred Twenty-Eight Thousand (328,000) shares of
the Company’s $1 par value Common Stock (“Common Stock”).

 

If any outstanding option under the Plan for any
reason expires or is terminated without having been exercised in full, the
shares allocable to the unexercised portion of such option shall again become
available for grant pursuant to the Plan.

 

PART 2. OPTIONS

 

V.                            Incentive
Stock Options

 

Any Conversion Option granted under the Plan may be
designated by the Committee as a non-statutory option or as an incentive stock
option (“ISO”) entitled to special tax treatment under Section 422 of the
Internal Revenue Code of 1986, as amended to date and as may be amended from
time to time (the “Code”).

 

VI.                           Terms,
Conditions and Form of Options

 

Each option converted under the Plan shall be
evidenced by a written agreement in the form approved by the Committee
(“Conversion Agreement”). The Conversion Agreement shall comply with and be
subject to the following terms and conditions:

 

A.                 Options
Non-Transferable.  The
Conversion Options issued under the Plan are nontransferable except by will or
by the laws of descent and distribution, and may be exercised only by the
Optionee during his or her lifetime, as set forth in the applicable Conversion
Agreement issued pursuant to the Plan. The Plan authorizes an Optionee to
designate a person to exercise a Conversion Option after the death of the
Optionee.

B.                  Period of Option.  Each Conversion Option issued under the Plan
became immediately exercisable in part or in full as of the Effective Time and
may be exercised at any time prior to its expiration subject to the Repurchase
Option in accordance with terms of the Employee’s Conversion Stock Option
Agreement (the “Option Agreement).  No
Conversion Option may be exercised to any extent by anyone after the date of
expiration of the Conversion Option.

C.                  Exercise of Options.  Conversion Options may be
exercised by written notice to the Secretary of the Company, accompanied by
payment in full of the option price of the shares purchased as well as any
estimated U.S. Federal, state or local income or employment taxes which the
Company is or will be required to withhold with respect to shares acquired by
the Optionee upon exercise of a Conversion Option.  Amounts received in payment of option prices are retained by the
Company.

The
provisions regarding payment of the Option Price (as defined below) are
substantially the same in the Conversion Agreement as were specified in the
Optionee’s applicable Option Agreement: payment of the Option Price shall be by
any of the 

 

 

2

 

following, or a combination of cash, check, or
surrender of other shares of Common Stock of a value equal to the Option Price
of the shares as to which the Conversion Option is being exercised.

D.                  Termination of Options.  A Conversion
Option expires on the same date that the Optionee’s Convex stock option would
have expired if it had not been converted. In most cases, Conversion Options
will expire on the tenth (10th) anniversary of the Option Date (as defined below).
The Optionee should refer to the Conversion Agreement which controls his or her
Conversion Option for confirmation of the expiration date. The Option may be
terminated prior to its expiration date in the event of the Optionee’s death,
retirement, disability, resignation or termination of employment with the
Company or a subsidiary.

E.                  Exercise by
Representative Following Death of Employee. 
If an
Optionee dies while in the employ of the Company or a subsidiary, his or her
Conversion Option may be exercised by the Optionee’s estate or legally
designated beneficiary, to the same extent that the Optionee was entitled to
exercise it on the date of his or her death, for six (6) months
after the Optionee’s death.  After this
period, the Conversion Option will terminate. However, the Conversion Option
may only be exercised with respect to any shares which would not be subject to
the Repurchase Option as defined in the Option Agreement on the date of the
Optionee’s death; furthermore, the Conversion Option may not be exercised to
any extent by anyone after its expiration date.

 

F.                  Buyout
Provisions. At any time, the Committee may, but shall not be
required to, authorize the Company to offer to buy out for a payment in cash or
Common Stock a Conversion Option previously granted based on such terms and
conditions as the Committee shall establish and communicate to the Optionee in
connection with such offer.

 

VII.                        Modification,
Extension and Renewal of Options

 

The
Committee shall have the power to modify, extend or renew outstanding options,
provided that any such action may not have the effect of altering or impairing
any rights or obligations of any option previously granted without the consent
of the Optionees.

 

VIII.                        Number
of Shares; Option Price

 

A.                 Number of Shares.A Conversion Option will be exercisable to purchase that
number of whole shares of the Common Stock equal to the product of the number
of shares of Convex common stock that were purchasable under the Convex Option
immediately before the Effective Time, multiplied by the Conversion Number (as
defined below), rounded down to the nearest whole number of shares of the
Common Stock. No fractional shares of the Common Stock will be issued.

 

B.                  Option Price.  The exercise price per share for
the shares of the Common Stock under a Conversion Option (“Option Price”) is
equal to the quotient obtained by 

 

 

3

 

dividing the
exercise price per share of Convex common stock at which such Convex Option was
exercisable immediately before the Effective Time by the Conversion Number (as
defined below), rounded up to the nearest whole cent.

C.                  Conversion Number.  The Conversion Number of 0.0593
is equal to the quotient obtained from dividing the merger consideration per
share of $4.83 by $81.4125, the average closing price of the Common Stock on
the New York Stock Exchange for the ten trading day period ending two trading
days prior to the Effective Time.

 

PART 3.
GENERAL PROVISIONS

 

IX.                           Assignments

 

The rights and
benefits under this Plan may not be assigned except for the designation of a
beneficiary as provided in Section VI.

 

X.                            Time
for Granting Options

 

Options issued under the Plan are conversions of
preexisting Convex stock options; consequently, they do not constitute newly
granted options. The grant date (“Option Date”) of a Conversion Option is
therefore the same as the grant date of the Convex stock option which was
converted.

 

XI.                           Limitation of Rights

 

A.                 No Right to an Option. Nothing in the Plan shall be construed to
give any personnel of Convex any right to be granted additional options after
the Effective Time of the Merger.

 

B.                  No Employment Right. Neither the Plan nor the conversion of a
Convex Option pursuant to the Plan, shall constitute or be evidence of any
agreement or understanding, express or implied, that Convex or the Company will
employ an Optionee for any period of time or in any position, or at any
particular rate of compensation.

 

C.                  No Shareholders’
Rights for Options.  An
Optionee shall have no rights as a shareholder with respect to the shares
covered by his or her options until the date of the issuance to him or her of a
stock certificate therefor, and no adjustment will be made for dividends or
other rights for which the record date is prior to the date such certificate is
issued.

 

XII.                         Changes in Present
Stock

 

In the event of any merger, consolidation,
reorganization, recapitalization, stock dividend, stock split, or other change
in the corporate structure or capitalization affecting the Company’s present
Common Stock, appropriate adjustment shall be made by the Board of Directors in
the number (including the aggregate numbers specified in Section 

 

 

4

 

IV) and kind of shares which are or may become subject to options
converted hereunder, and in the option price of shares which are subject to
options converted hereunder.

 

XIII.                        Change in
Control

 

All previously unvested Conversion Options outstanding
at the time of a change in control of the Company shall become vested in full
or released from restrictions, as the Committee deems appropriate, upon such
change in control, “Change in control” for purposes of this Section XIII shall
mean the acquisition by an investor or group of investors of shares sufficient
to elect a majority of directors of the Company under California law.

 

XIV.                        Effective Time of the
Plan

 

The effective date of the Plan is December 20, 1995.

 

XV.                        Amendment of
the Plan

 

The Committee may
suspend or discontinue the Plan or revise or amend it in any respect
whatsoever; provided, however, that the Committee may seek shareholder approval
of an amendment if determined to be required by or advisable under regulations
of the Securities and Exchange Commission or the Internal Revenue Service, the
rules of any stock exchange on which the Company’s stock is listed or other
applicable law or regulations.

 

XVI.                        Notice

 

Any written notice
to the Company required by any of the provisions of this Plan shall be
addressed to the Secretary of the Company and shall become effective when it is
received.

 

XVII.                     Company
Benefit Plans

 

Nothing contained in this Plan shall prevent the
employee prior to death, or the employee’s dependents or beneficiaries after
the employee’s death, from receiving, in addition to any awards provided for
under this Plan and any salary, any payments under a Company retirement plan or
which may be otherwise payable or distributable to such employee, or to the
employee’s dependents or beneficiaries under any other plan or policy of the
Company or otherwise.

 

XVIII.                     Governing Law

 

This Plan and all
determinations made and actions taken pursuant hereto shall be governed by the
law of the State of California and construed accordingly. The Plan is not
subject to the provisions of the Employee Retirement Income Security Act of
1974, as 

 

 

5

 

amended, and is
not intended to qualify for special tax treatment under Section 401 (a) of the
Code.

 

 

 

9/12/02                                  Part 2, Section VI(F) added and plan restated by HR
& Compensation Committee

11/21/02                            Part 1, Section II added new paragraph and plan
restated by HR & Compensation Committee

 

 

6Exhibit 10(x)

 

1993 METRIX STOCK OPTION
CONVERSION PLAN

 

PART 1.                PLAN ADMINISTRATION AND ELIGIBILITY

 

I.                              Purpose

 

The purpose of this 1993
Metrix Stock Option Conversion Plan (the “Plan”) is to comply with the
Agreement and Plan of Merger, dated as of May 20, 1993 (the “Merger
Agreement”), by and among Hewlett-Packard Company (the “Company”), Weaver
Acquisition Corporation, a wholly owned subsidiary of the Company (“Newco”),
Metrix Network Systems, Inc. (“Metrix”), Matthew L. Russell and Neeraj Sangal,
pursuant to which Newco was merged with and into Metrix, with the result that
Metrix was the survivor of the merger and thereby became a wholly-owned
subsidiary of the Company.  Pursuant to
the Merger Agreement, the Company agreed to convert all stock options
outstanding as of May 27, 1993, (the “Effective Date”) which were granted under
Metrix’s 1992 Stock Plan (the “Metrix Plan”) into options to purchase Common
Stock of the Company (“Conversion Options”).

 

II.                            Administration

 

                A
Stock Option Committee (the “Committee”), consisting of three or more
disinterested directors of the Company who are not participants in the Plan,
shall supervise and administer the Plan. 
All questions of interpretation of the Plan shall be determined by the
Committee and such determination shall be final and binding upon all persons
having an interest in the Plan.  Any or
all powers and discretion vested in the Committee under this Plan may be
exercised by any subcommittee so authorized by the committee.

 

                Delegation
of Authority for the Day-to-Day Administration of the Plan.  Except to the extent prohibited by applicable law or applicable rules of
a stock exchange, the Board or any of its committees as shall be administering
the Plan may delegate to one or more individuals the day-to-day administration
of the Plan and any of the functions assigned to it in this Plan. The
delegation may be revoked at any time.

 

III.                           Participation
in the Plan

 

Eligible participants in the
Plan include only those persons who were Metrix employees on the Effective Date
and who, on such date held valid and outstanding options to purchase shares of
Metrix Common Stock under Metrix’s 1992 Stock Plan (the “Optionees”).

 

 

1

 

IV.                           Stock Subject to the
Plan

 

                The maximum number of shares which may be optioned
under the Plan shall be Eight Thousand Seven Hundred Seventy-Two (8,772) shares
of the Company’s $1 par value Common Stock.

 

                If
any outstanding option under the Plan for any reason expires or is terminated
without having been exercised in full, the shares allocable to the unexercised
portion of such option shall again become available for grant pursuant to the
Plan.

 

PART 2.                OPTIONS

V.                            Incentive Stock
Options

 

                Any
Conversion Option granted under the Plan may be designated by the Committee as
a non-statutory option or as an incentive stock option (“ISO”) entitled to
special tax treatment under Section 422 of the Internal Revenue Code of 1986,
as amended to date and as may be amended from time to time (the “Code”).

 

VI.                           Terms, Conditions and
Form of Options

 

                Each option converted under the
Plan shall be evidenced by a written agreement in the form approved by the
Committee (“Conversion Agreement”).  The
Conversion Agreement shall comply with and be subject to the following terms
and conditions:

 

A.            Options
Non-Transferable.  The
Conversion Options issued under the Plan are nontransferable except by will or
by the laws of descent and distribution, and may be exercised only by the
Optionee during his lifetime, as set forth in the applicable Conversion
Agreement issued pursuant to the Plan. 
The Plan authorizes an Optionee to designate a person to exercise a
Conversion Option after the death of the Optionee.

B.            Period
of Option.  Each
Conversion Option issued under the Plan became immediately exercisable in full
as of the Effective Date and may be exercised at any time prior to its
expiration.  No Conversion Option may be
exercised to any extent by anyone after the date of expiration of the
Conversion Option.

C.            Exercise
of Options.  Conversion
Options may be exercised by written notice to the Secretary of the Company,
accompanied by payment in full of the option price of the shares purchased as
well as any estimated U.S. Federal, state or local income or employment taxes
which the Company is or will be required to withhold with respect to shares
acquired by the Optionee upon exercise of an Option.  Amounts received in payment of option prices are retained by the
Company.

The provisions
regarding payment of the option price are the same in the Conversion Agreement
as were specified in the Optionee’s applicable Metrix stock option
agreement:  the option price must be
paid in cash or by check or, at the discretion 

 

 

2

 

of
the Committee (a) by delivery of the Optionee’s personal recourse notes bearing
interest payable not less than annually at no less than one hundred percent
(100%) of the lowest applicable federal rate, as defined in Section 1274(d) of
the Code, or (b) any combination of cash, check or note.

D.            Termination
of Options.  A Conversion
Option expires on the same date that the Optionee’s Metrix stock option would
have expired if it had not been converted. 
In most cases, Conversion Options will expire on the tenth (10th)
anniversary of the Option Date.  The
Optionee should refer to the Conversion Agreement which controls his Conversion
Option for confirmation of the expiration date.  The Option may be terminated prior to its expiration date in the
event of the Optionee’s death, retirement, disability, resignation or
termination of employment with the Company or a subsidiary.

E.             Exercise
by Representative Following Death of Employee.  If an Optionee dies while in the employ of
the Company or a subsidiary, his Conversion Option may be exercised by the
Optionee’s estate or legally designated beneficiary, to the same extent that
the Optionee was entitled to exercise it on the date of his death, for one (1)
year after the Optionee’s death.  After
this period, the Conversion Option will terminate.  However, the Conversion Option may not be exercised with respect
to any shares which were not vested shares on the date of the Optionee’s death;
furthermore, the Conversion Option may not be exercised to any extent by anyone
after its expiration date.

F.             Buyout
Provisions. At any time, the Committee may, but shall not be
required to, authorize the Company to offer to buy out for a payment in cash or
shares a Conversion Option previously granted based on such terms and
conditions as the Committee shall establish and communicate to the Optionee in
connection with such offer.

VII.                         Modification, Extension
and Renewal of Options

 

                The
Committee shall have the power to modify, extend or renew outstanding options,
provided that any such action may not have the effect of altering or impairing
any rights or obligations of any option previously granted without the consent
of the Optionees.

VIII.                        Option Price

 

                The exercise price per share
(“Option Price”) of the Company’s Common Stock under a Conversion Option was
calculated by dividing $84.875 by a fraction, the numerator of which is
$8,300,000 and the denominator of which is the 5,000,000 shares of Metrix
Common Stock immediately prior to the Effective Date of the Merger, multiplied
by the exercise price of the Metrix option immediately prior to the Effective
Date of the Merger.

 

 

3

 

PART 3.                GENERAL PROVISIONS

 

IX.                           Assignments

 

The rights and benefits under this Plan may not be
assigned except for the designation of a beneficiary as provided in Section VI.

 

X.                            Time
for Granting Options

                Options
issued under the Plan are conversions of preexisting Metrix stock options;
consequently, they do not constitute newly granted options.  The grant date (“Option Date”) of a
Conversion Option is therefore the same as the grant date of the Metrix stock
option which was converted.

XI.                           Limitation of Rights.

A.            No Right to an Option.  Nothing in the Plan shall be construed to
give any personnel of Metrix any right to be granted additional options after
the Effective Date of the Merger.

B.            No Employment Right.  Neither the Plan, nor the conversion of a
Metrix Option pursuant to the Plan, shall constitute or be evidence of any
agreement or understanding, express or implied, that Metrix or the Company will
employ an Optionee for any period of time or in any position, or at any
particular rate of compensation.

C.            No Shareholders’ Rights for Options.  An Optionee shall have no rights as a
shareholder with respect to the shares covered by his options until the date of
the issuance to him of a stock certificate therefore, and no adjustment will be
made for dividends or other rights for which the record date is prior to the
date such certificate is issued.

XII.                         Changes in Present
Stock

 

                In the event of any merger,
consolidation, reorganization, recapitalization, stock dividend, stock split,
or other change in the corporate structure or capitalization affecting the
Company’s present Common Stock, appropriate adjustment shall be made by the
Board of Directors in the number (including the aggregate numbers specified in
Section IV) and kind of shares which are or may become subject to options
converted hereunder, and in the option price of shares which are subject to
option converted hereunder.

 

 

4

 

XIII.                        Change in Control

 

All previously
unvested Conversion Options outstanding at the time of a change in control of
the Company shall become vested in full or released from restrictions, as
appropriate, upon such change in control. 
“Change in control” for purposes of this section shall mean the
acquisition by an investor or group of investors of shares sufficient to elect
a majority of directors of the Company under California law.

XIV.                        Effective
Date of the Plan

 

The effective date
of the Plan is May 27, 1993.

XV.                         Amendment
of the Plan

 

The Committee may
suspend or discontinue the Plan or revise or amend it in any respect
whatsoever; provided, however, that the Committee may seek shareholder approval
of an amendment if determined to be required by or advisable under regulations
of the Securities and Exchange Commission or the Internal Revenue Service, the
rules of any stock exchange on which the Company’s stock is listed or other applicable
law or regulations.

XVI.                        Notice

 

Any written notice
to the Company required by any of the provisions of this Plan shall be
addressed to the Secretary of the Company and shall become effective when it is
received.

XVII                       Company Benefit Plans

 

Nothing contained
in this Plan shall prevent the employee prior to death, or the employee’s
dependents or beneficiaries after the employee’s death, from receiving, in
addition to any awards provided for under this Plan and any salary, any
payments under a Company retirement plan or which may be otherwise payable or
distributable to such employee, or to the employee’s dependents or
beneficiaries under any other plan or policy of the Company or otherwise.

XVIII.                     Governing Law

 

This Plan and all
determinations made and actions taken pursuant hereto shall be governed by the
law of the State of California and construed accordingly.

 

 

5

 

9/12/02                                  Part
2, Section VI(F) added and plan restated by HR & Compensation Committee

11/21/02                            Part
1, Section II added new paragraph and plan restated by HR & Compensation
Committee

 

 

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00046-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00046-of-00352.parquet"}]]