Document:

Amendment of Stock Option Agrmt and Stock Option Repayment Agrmt-Fred Rosenzweig

 EXHIBIT 10.2 
 ELECTRONICS FOR IMAGING, INC. 
 AMENDMENT OF STOCK OPTION AGREEMENT AND 
 STOCK OPTION REPAYMENT AGREEMENT 
 THIS AMENDMENT OF STOCK
OPTION AGREEMENT AND STOCK OPTION REPAYMENT AGREEMENT (the “Agreement”) is entered into as of this 29th day of August, 2008 (the “Effective Date”), between Fred S. Rosenzweig (“Optionee”) and Electronics For Imaging,
Inc., a Delaware corporation (the “Company”). 
 RECITALS 
 WHEREAS, the Optionee has previously been granted certain options to purchase the Company’s common stock (the “Stock Options”), as set
forth on Exhibit A attached hereto; and 
 WHEREAS, the parties wish to amend each stock option agreement and/or grant notice
evidencing a Stock Option (each an “Option Agreement”) pursuant to the terms and conditions set forth below, and to provide for the repayment of certain gains from prior stock option exercises. 
 AGREEMENT 
 1.
Exercise Price. Notwithstanding anything in any Option Agreement to the contrary, the per share exercise price of each Stock Option shall be equal to, and in no event shall at any time be less than, the fair market value of a share of the
Company’s common stock on the “measurement date” for such grant as determined by the Company for purposes of financial accounting and reporting under APB 25, FAS 123 or FAS 123(R), as applicable (the “Corrected Grant Date”),
and each such Stock Option shall be and hereby is amended to the extent necessary to reflect such exercise price, as set forth on Exhibit A attached hereto. 
 2. Repayment of Certain Prior Option Gains. The Optionee shall remit to the Company a payment in the amount of $593,683, representing the after-tax excess of the fair market value, as of the Corrected Grant
Date, of the Company’s common stock over the aggregate exercise price for the stock option grants which the Optionee received in his current role with the Company and has exercised prior to the Effective Date. The repayment shall be made by
surrendering outstanding stock options with a value as determined below. 
 The grant dates, amounts and value of the options to be
surrendered and cancelled shall be reflected in an Exhibit B to be attached hereto (the “Surrendered Options”). The value of the Surrendered Options for this purpose shall equal the Hull-White values set forth in the valuation
report of Ernst & Young as of March 19, 2008, which have been calculated based on the Corrected Grant Date for all such options. If any unvested options are used for this purpose, and Optionee’s employment with the Company is
terminated prior to the time such options would have vested in full, Optionee hereby agrees to pay to the Company an amount in cash, or vested options as determined by their Hull-White values set forth in the valuation report referred to above,
equal to the value imputed under Exhibit B to any Surrendered Options that would not have vested by the time of termination. 

 3. No Double-Counting of Options Surrendered in Derivative Litigation. In no event may Optionee
credit against the repayment requirement set forth above the value of the 125,000 stock options that have been or will be forfeited under any settlement of the shareholder derivative litigation pending in Delaware Chancery Court with respect to the
Company’s historic stock option granting practices. 
 4. Continuation of Other Terms. Except as set forth herein, all other
terms and conditions of each Option Agreement shall remain in full force and effect. 
 5. Complete Agreement. This Agreement and the
Option Agreements together constitute the entire agreement between Optionee and the Company with respect to the exercise price of each Stock Option and the subject matter hereof and they are the complete, final and exclusive embodiment of their
agreement with regard to this subject matter. This Agreement is entered into without reliance on any promise or representation other than those expressly contained herein. 
 6. Further Assurances. The Optionee agrees to promptly take, or cause to be taken and to do, or cause to be done, acts (including signing all
documents, agreements or instruments) necessary, proper or advisable to consummate and make effective the transactions contemplated hereby as reasonably requested by the Company or any affiliate thereof. 
 7. Applicable Law. This Agreement shall be governed by the law of the State of California as such laws are applied to agreements between
California residents entered into and to be performed entirely within the State of California. 
 IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be executed as of the date first written above. 
  

			
	ELECTRONICS FOR IMAGING, INC.
		
	By:	 	/s/ John Ritchie
	Name:	 	John Ritchie
	Title:	 	Chief Financial Officer

  

	
	OPTIONEE
	
	/s/ Fred S. Rosenzweig
	Fred S. Rosenzweig

  

 2 

 Exhibit A 
 Stock Options 
  

												
	 Grant Number
	 	Grant
Date
(corrected as required)	 	Number of
Options
Subject to
Amendment	 	 	Original
Exercise Price
Per Share	 	Amended
Exercise Price
Per Share
	003327	 	06/08/99	 	110,000	 	 	$	33.81	 	$	48.38
	009711	 	02/12/01	 	7,000	 	 	 	13.75	 	 	22.06
	00002614	 	09/05/03	 	52,500	(1)	 	 	19.45	 	 	23.89

  

	(1)	In December 2007, the Optionee voluntarily, and without the receipt of any consideration from the Company, forfeited options to purchase 97,500 of the 150,000 shares of Common Stock
then outstanding under this grant. 

 Exhibit B 
 Surrendered Options 
  

												
	 Grant
 Number
	 	Grant
Date
(corrected as required)	 	 	Number of
Surrendered
Options	 	Hull-White
Value	 	Total Value of
Surrendered
Options
	003327	 	06/08/99	 	 	58,502	 	$	0.23	 	$	13,455.46
	00005346	 	03/15/06	(2)	 	83,333	 	 	3.04	 	 	253,332.32
	009714	 	03/13/01	 	 	10,000	 	 	2.27	 	 	22,700.00
	00002614	 	09/05/03	 	 	52,500	 	 	1.92	 	 	100,800.00
	009711	 	02/12/01	 	 	3,723	 	 	2.40	 	 	8,935.20
	E0002018	 	04/25/02	 	 	31,467	 	 	4.04	 	 	127,126.68
	A001492	 	04/25/02	 	 	16,667	 	 	4.04	 	 	67,334.68
		 			 		 			 	 	 
		 			 		 			 	$	593,684.34

  

	(2)	The 2006 options have not fully vested. Any options that do not vest (e.g., through departure), would be paid to the Company in cash or other vested options.Amendment of Stock Option Agrmt and Stock Option Repayment Agrmt-John Ritchie

 EXHIBIT 10.3 
 ELECTRONICS FOR IMAGING, INC. 
 AMENDMENT OF STOCK OPTION AGREEMENT AND 
 STOCK OPTION REPAYMENT AGREEMENT 
 THIS AMENDMENT OF STOCK
OPTION AGREEMENT AND STOCK OPTION REPAYMENT AGREEMENT (the “Agreement”) is entered into as of this 29th day of August, 2008 (the “Effective Date”), between John Ritchie (“Optionee”) and Electronics For Imaging, Inc., a
Delaware corporation (the “Company”). 
 RECITALS 
 WHEREAS, the Optionee has previously been granted certain options to purchase the Company’s common stock (the “Stock Options”), as set
forth on Exhibit A attached hereto; and 
 WHEREAS, the parties wish to amend each stock option agreement and/or grant notice
evidencing a Stock Option (each an “Option Agreement”) pursuant to the terms and conditions set forth below, and to provide for the repayment of certain gains from prior stock option exercises. 
 AGREEMENT 
 1.
Exercise Price. Notwithstanding anything in any Option Agreement to the contrary, the per share exercise price of each Stock Option shall be equal to, and in no event shall at any time be less than, the fair market value of a share of the
Company’s common stock on the “measurement date” for such grant as determined by the Company for purposes of financial accounting and reporting under APB 25, FAS 123 or FAS 123(R), as applicable (the “Corrected Grant Date”),
and each such Stock Option shall be and hereby is amended to the extent necessary to reflect such exercise price, as set forth on Exhibit A attached hereto. 
 2. Repayment of Certain Prior Option Gains. The Optionee shall remit to the Company a payment in the amount of $17,390, representing the after-tax excess of the fair market value, as of the Corrected Grant
Date, of the Company’s common stock over the aggregate exercise price for a portion of the stock option grants which the Optionee has exercised prior to the Effective Date. The repayment shall be made by surrendering outstanding stock options
with a value as determined below. 
 The grant dates, amounts and value of the options to be surrendered and cancelled shall be reflected in
an Exhibit B to be attached hereto (the “Surrendered Options”). The value of the Surrendered Options for this purpose shall equal the Hull-White values set forth in the valuation report of Ernst & Young as of March 19,
2008, which have been calculated based on the Corrected Grant Date for all such options. If any unvested options are used for this purpose, and Optionee’s employment with the Company is terminated prior to the time such options would have
vested in full, Optionee hereby agrees to pay to the Company an amount in cash, or vested options as determined by their Hull-White values set forth in the valuation report referred to above, equal to the value imputed under Exhibit B to any
Surrendered Options that would not have vested by the time of termination. 

 3. Continuation of Other Terms. Except as set forth herein, all other terms and conditions of each
Option Agreement shall remain in full force and effect. 
 4. Complete Agreement. This Agreement and the Option Agreements together
constitute the entire agreement between Optionee and the Company with respect to the exercise price of each Stock Option and the subject matter hereof and they are the complete, final and exclusive embodiment of their agreement with regard to this
subject matter. This Agreement is entered into without reliance on any promise or representation other than those expressly contained herein. 
 5. Further Assurances. The Optionee agrees to promptly take, or cause to be taken and to do, or cause to be done, acts (including signing all documents, agreements or instruments) necessary, proper or advisable to consummate and make
effective the transactions contemplated hereby as reasonably requested by the Company or any affiliate thereof. 
 6. Applicable Law.
This Agreement shall be governed by the law of the State of California as such laws are applied to agreements between California residents entered into and to be performed entirely within the State of California. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first written above. 
  

			
	ELECTRONICS FOR IMAGING, INC.
		
	By:	 	/s/ Guy Gecht
	Name:	 	Guy Gecht
	Title:	 	Chief Executive Officer

  

	
	OPTIONEE
	
	/s/ John Ritchie
	John Ritchie

  

 2 

 Exhibit A 
 Stock Options 
  

											
	 Grant Number
	 	Grant Date
(corrected as required)	 	Number of
Options
Subject to
Amendment	 	Original
Exercise Price
Per Share	 	Amended
Exercise Price
Per Share
	00002624	 	08/21/03	 	20,500	 	$	19.45	 	$	19.98

 Exhibit B 
 Surrendered Options 
  

											
	 Grant
 Number
	 	Grant
Date
(corrected as required)	 	Number of
Surrendered
Options	 	Hull-White
Value	 	Total Value of
Surrendered
Options
	00002624	 	08/21/03	 	7,128	 	$	2.44	 	$	17,392.32

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]