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                                                                    Exhibit 10.2

                           THE SPORTSMAN'S GUIDE, INC.

                              ANNUAL BONUS PROGRAM

      The Sportsman's Guide, Inc.'s annual bonus program provides for the
payment of cash bonuses to employees and executive officers based upon
achievement of pre-determined corporate performance goals. For 2004, as in past
years, the Compensation Committee of the Board of Directors has established
specific levels of Company pre-tax earnings as the performance measure for
determining cash bonuses. The bonus pool can range from $50,000 at the threshold
pre-tax earnings level increasing to $350,000 plus 30% of the excess over the
maximum pre-tax earnings level. The Company's Chief Executive Officer is
authorized to allocate the bonus pool among eligible employees at the end of the
year. The Compensation Committee approves the bonus paid to the Chief Executive
Officer.exv10w27

 

Exhibit 10.27

JDS UNIPHASE CORPORATION 2003 EQUITY INCENTIVE PLAN

NOTICE OF STOCK OPTION GRANT

	 	 	 	 	 
	Grantee’s Name and Address:

	 	Grant Number:	 	 
	

	 	 	 	
 
	

	 	Date of Grant:	 	 
	
 

	 	 	 	
 
	

	 	Type of Option:
	 	Non-Qualified Stock Option
	

	 	 	 	 
	

	 	Expiration Date:	 	 
	
 

	 	 	 	
 

     You (the “Grantee”) have been granted an option to purchase shares of
Stock, subject to the terms and conditions of this Notice of Stock Option Award
(the “Notice”), the JDS Uniphase Corporation 2003 Equity Incentive Plan, as
amended from time to time (the “Plan”) and the Stock Option Grant Agreement
(the “Option Agreement”) as follows. Unless otherwise defined herein, the
terms defined in the Plan shall have the same defined meanings in this Notice.

	 	 	 	 	 	 	 
	Total Number of
	 	 	 	 	 	 
	Shares subject to the Option:

	 	 	 	Exercise Price per Share: 	$	 
	

	 	
 
	 	 	 	
 
	Vesting Commencement Date:

	 	 	 	Total Exercise Price: 	$	 
	

	 	
 
	 	 	 	
 

Vesting Schedule:

     Subject to Grantee’s Continuous Active Service and other limitations set
forth in this Notice, the Plan and the Option Agreement, the Option may be
exercised, in whole or in part, in accordance with the following schedule:

     25% of the Shares subject to the Option shall vest twelve months after the
Vesting Commencement Date, and 1/12 of the remaining Shares subject to the
Option shall vest on each three month anniversary of the Vesting Commencement
Date thereafter.

     IN WITNESS WHEREOF, the Company and the Grantee have executed this Notice
and agree that the Option is to be governed by the terms and conditions of this
Notice, the Plan, and the Option Agreement.

	 	 	 	 	 
	 	 	JDS Uniphase Corporation,

a Delaware corporation
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	
 
	 
	 	 	 	 
	

	 	Title:	 	 
	

	 	 	 	
 

     The Grantee acknowledges receipt of a copy of the Plan and the Option
Agreement, and represents that he or she is familiar with the terms and
provisions thereof, and hereby accepts the Option subject to all of the terms
and provisions hereof and thereof. The Grantee has reviewed this Notice, the
Plan, and the Option Agreement in their entirety, has had an opportunity to
obtain the advice of counsel prior to executing this Notice, and fully
understands all provisions of this Notice, the Plan and the Option Agreement.
The Grantee hereby agrees that all disputes arising out of or relating to this
Notice, the Plan and the Option Agreement shall be resolved in accordance with
Section 12 of the Option Agreement. The Grantee further agrees to notify the
Company upon any change in the residence address indicated in this Notice.

	 	 	 	 	 	 	 
	Dated:

	 	 	 	Signed:	 	 
	

	 	
 
	 	 	 	
 
	

	 	 	 	 	 	Grantee

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JDS UNIPHASE CORPORATION 2003 EQUITY INCENTIVE PLAN

STOCK OPTION GRANT AGREEMENT

     1. Grant of Option. JDS Uniphase Corporation, a Delaware corporation (the
“Company”), hereby grants to the Grantee named in the Notice of Stock Option
Grant (the “Notice”), an option (the “Option”) to purchase the Total Number of
Shares of Stock subject to the Option (the “Shares”) set forth in the Notice,
at the Exercise Price per Share set forth in the Notice (the “Exercise Price”)
subject to the terms and provisions of the Notice, this Stock Option Award
Agreement (the “Option Agreement”) and the Company’s 2003 Equity Incentive
Plan, as amended from time to time (the “Plan”), which are incorporated herein
by reference. Unless otherwise defined herein, the terms defined in the Plan
shall have the same defined meanings in this Option Agreement.

     2. Exercise of Option.

          (a) Right to Exercise. The Option shall be exercisable during its term in
accordance with the Vesting Schedule set out in the Notice and with the
applicable provisions of the Plan and this Option Agreement. The Option shall
be subject to the provisions of Section 14 of the Plan relating to the
exercisability or termination of the Option in the event of a Corporate
Transaction. In no event shall the Company issue fractional Shares.

          (b) Leave of Absence. During any authorized leave of absence, the vesting
of the Option as provided in the Vesting Schedule shall cease after the leave
of absence exceeds a period of thirty-one (31) days, unless otherwise
determined by the Administrator in advance of the commencement of such leave of
absence. Vesting of the Option shall resume upon the Grantee’s termination of
the leave of absence and return to service to the Company or an Affiliate.

          (c) Change in Status. In the event the Grantee ceases to be a bona fide
Employee, vesting of the Option shall continue if and only to the extent
determined by the Administrator as of such change in status.

          (d) Post Termination Exercise Period. The Post-Termination Exercise
Period shall be ninety (90) days from the Termination Date as defined in
Section 5, below.

          (e) Method of Exercise. The Option shall be exercisable only by delivery
of an Exercise Notice in the form determined by the Administrator from time to
time which shall state the election to exercise the Option, the whole number of
Shares in respect of which the Option is being exercised, such other
representations and agreements as to the holder’s investment intent with
respect to such Shares and such other provisions as may be required by the
Administrator. The Exercise Notice shall be signed by the Grantee and shall be
delivered in

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person, by certified mail, or by such other method as determined from time
to time by the Administrator to the Company accompanied by payment of the
Exercise Price. The Option shall be deemed to be exercised upon receipt by the
Company of such written notice accompanied by the Exercise Price, which, to the
extent selected, shall be deemed to be satisfied by use of the broker-dealer
sale and remittance procedure to pay the Exercise Price provided in Section
3(d), below.

          (f) Taxes.

               (i) No Shares will be delivered to the Grantee or other person pursuant to
the exercise of the Option until the Grantee or other person has made
arrangements acceptable to the Administrator for the satisfaction of applicable
income tax, employment tax, and social security tax withholding obligations.
Upon exercise of the Option, the Company or the Grantee’s employer may offset
or withhold (from any amount owed by the Company or the Grantee’s employer to
the Grantee) or collect from the Grantee or other person an amount sufficient
to satisfy such tax obligations and/or the employer’s withholding obligations.

               (ii) The Grantee acknowledges that the exercise of the Option, the holding
of Shares subsequent to exercise and the disposition of any such Shares have
significant tax consequences. The Grantee further acknowledges that
satisfaction of all tax obligations applicable to the Grantee’s participation
in the Plan is the sole responsibility of the Grantee. The Company cannot
provide any advice to the Grantee with respect his or her personal income tax
obligations. The Grantee should consult with his or her own tax advisor before
the exercise of the Option and before the disposition of any Shares acquired
upon exercise of the Option.

     3. Method of Payment. Payment of the Exercise Price shall be by any of
the following, or a combination thereof, at the election of the Grantee;
provided, however, that such exercise method does not then violate any
Applicable Law and, provided further, that the portion of the Exercise Price
equal to the par value of the Shares must be paid in cash or other legal
consideration permitted by the Delaware General Corporation Law:

          (a) cash;

          (b) check;

          (c) surrender of Shares or delivery of a properly executed form of
attestation of ownership of Shares as the Administrator may require (including
withholding of Shares otherwise deliverable upon exercise of the Option) which
have a fair market value on the date of surrender or attestation equal to the
aggregate Exercise Price of the Shares as to which the Option is being
exercised (but only to the extent that such exercise of the Option would not
result in an accounting compensation charge with respect to the Shares used to
pay the exercise price); or

          (d) payment through a broker-dealer sale and remittance procedure pursuant
to which the Grantee (i) shall provide instructions to a Company designated
brokerage firm to effect the immediate sale of some or all of the purchased
Shares and remit to the Company, out of the sale proceeds available on the
settlement date, sufficient funds to cover the aggregate exercise

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price payable for the purchased Shares and (ii) shall provide directives
to the Company to deliver the certificates for the purchased Shares directly to
such brokerage firm in order to complete the sale transaction.

     4. Restrictions on Exercise. The Option may not be exercised if the
issuance of the Shares subject to the Option upon such exercise would
constitute a violation of any Applicable Laws.

     5. Termination of Continuous Active Service. In the event the Grantee’s
Continuous Active Service terminates, the Grantee may, to the extent otherwise
so entitled at the date of such termination (the “Termination Date”), exercise
the Option as to the vested Shares during the Post-Termination Exercise Period.
In no event shall the Option be exercised later than the Expiration Date set
forth in the Notice. Except as provided in Sections 6 and 7 below, to the
extent that the Grantee is not entitled to exercise the Option on the
Termination Date (i.e., the unvested Shares), or if the Grantee does not
exercise the Option within the Post-Termination Exercise Period, the Option
shall terminate.

     6. Disability of Grantee. In the event the Grantee’s Continuous Active
Service terminates as a result of his or her Disability, the Grantee may, but
only within twelve (12) months from the Termination Date (and in no event later
than the Expiration Date), exercise the Option to the extent he or she was
otherwise entitled to exercise it on the Termination Date. To the extent that
the Grantee is not entitled to exercise the Option on the Termination Date, or
if the Grantee does not exercise the Option to the extent so entitled within
the time specified herein, the Option shall terminate.

     7. Death of Grantee. In the event of the termination of the Grantee’s
Continuous Active Service as a result of his or her death, or in the event of
the Grantee’s death during the Post-Termination Exercise Period or during the
twelve (12) month period following the Grantee’s termination of Continuous
Active Service as a result of his or her Disability, the Grantee’s estate, or a
person who acquired the right to exercise the Option by bequest or inheritance,
may exercise the Option, but only to the extent the Grantee could exercise the
Option at the date of termination, within twelve (12) months from the date of
death (but in no event later than the Expiration Date). To the extent that the
Grantee is not entitled to exercise the Option on the date of death, or if the
Option is not exercised to the extent so entitled within the time specified
herein, the Option shall terminate.

     8. Non-Transferability of Option. The Option may not be transferred in
any manner other than by will and by the laws of descent and distribution and
may be exercised during the lifetime of the Grantee only by the Grantee (or in
the case of the Grantee’s legal incapacity, by the Grantee’s legal
representative or by the person acting as attorney-in-fact for the Grantee
under a durable general power of attorney); provided, however, that the Grantee
may designate a beneficiary of the Option in the event of Grantee’s death on a
beneficiary designation form provided by the Administrator. The terms of the
Option shall be binding upon the executors, administrators, heirs, successors
and transferees of the Grantee.

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     9. Term of Option. The Option may be exercised no later than the
Expiration Date set forth in the Notice or such earlier date as otherwise
provided herein.

     10. Entire Agreement: Governing Law. The Notice, 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 the Grantee with respect to the subject
matter hereof, and may not be modified adversely to the Grantee’s interest
except by means of a writing signed by the Company and the Grantee. Nothing in
the Notice, the Plan and this Option Agreement (except as expressly provided
therein) is intended to confer any rights or remedies on any persons other than
the parties. The Notice, the Plan and this Option Agreement are to be
construed in accordance with and governed by the internal laws of the State of
California (as permitted by Section 1646.5 of the California Civil Code, or any
similar successor provision) without giving effect to any choice of law rule
that would cause the application of the laws of any jurisdiction other than the
internal laws of the State of California to the rights and duties of the
parties. Should any provision of the Notice, the Plan or this Option Agreement
be determined by a court of law to be illegal or unenforceable, such provision
shall be enforced to the fullest extent allowed by law and the other provisions
shall nevertheless remain effective and shall remain enforceable.

     11. Headings. The captions used in the Notice and this Option Agreement
are inserted for convenience and shall not be deemed a part of the Option for
construction or interpretation.

     12. Dispute Resolution The provisions of this Section 12 shall be the
exclusive means of resolving disputes arising out of or relating to the Notice,
the Plan and this Option Agreement. The Company, the Grantee, and the
Grantee’s successors (the “parties”) shall attempt in good faith to resolve any
disputes arising out of or relating to the Notice, the Plan and this Option
Agreement by negotiation between individuals who have authority to settle the
controversy. Negotiations shall be commenced by either party by notice of a
written statement of the party’s position and the name and title of the
individual who will represent the party. Within thirty (30) days of the
written notification, the parties shall meet at a mutually acceptable time and
place, and thereafter as often as they reasonably deem necessary, to resolve
the dispute. If the dispute has not been resolved by negotiation, the parties
agree that any suit, action, or proceeding arising out of or relating to the
Notice, the Plan or this Option Agreement shall be brought in the United States
District Court for the Northern District of California (or should such court
lack jurisdiction to hear such action, suit or proceeding, in a California
state court in the County of Santa Clara) and that the parties shall submit to
the jurisdiction of such court. The parties irrevocably waive, to the fullest
extent permitted by law, any objection the party may have to the laying of
venue for any such suit, action or proceeding brought in such court. THE
PARTIES ALSO EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF
ANY SUCH SUIT, ACTION OR PROCEEDING. If any one or more provisions of this
Section 12 shall for any reason be held invalid or unenforceable, it is the
specific intent of the parties that such provisions shall be modified to the
minimum extent necessary to make it or its application valid and enforceable.

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     13. Notices. Any notice 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 (if the parties are within
the United States) or upon deposit for delivery by an internationally
recognized express mail courier service (for international delivery of notice),
with postage and fees prepaid, addressed to the other party at its address as
shown beneath its signature in the Notice, or to such other address as such
party may designate in writing from time to time to the other party.

     14. No Effect on Terms of Employment. The shares subject to the option
shall vest, if at all, only during the period of the Grantee’s Continuous
Active Service (not through the act of being hired, being granted the option or
acquiring shares hereunder) and the Option has been granted as an inducement
for the Grantee to remain in such Continuous Active Service and as an incentive
for increased efforts on behalf of the Company and its Affiliates by the
Grantee during the period of his or her Continuous Active Service. Nothing in
the Notice, the Option Agreement, or the Plan shall confer upon the Grantee any
right with respect to future option grants or continuation of Grantee’s
Continuous Active Service, nor shall it interfere in any way with the Grantee’s
right or the right of the Grantee’s employer to terminate Grantee’s Continuous
Active Service, with or without cause, and with or without notice. Unless the
Grantee has a written employment agreement with the Company to the contrary,
the Grantee’s employment status is at will. This Option shall not, under any
circumstances, be considered or taken into account for purposes of calculation
of severance payments in those jurisdictions requiring such payments upon
termination of employment. The Grantee shall not have and waives any and all
rights to compensation or damages as a result of the termination of the
Grantee’s employment with the Company or the Grantee’s employer for any reason
whatsoever, insofar as those rights result or may result from (i) the loss or
diminution in value of such rights or entitlements or claimed rights or
entitlements under the Plan, or (ii) the Grantee’s ceasing to be entitled to
any purchase rights or shares or any other rights under the Plan.

     15. Personal Data. The Grantee understands that the Company and its
subsidiaries hold certain personal information about the Grantee for the
purpose of managing and administering the Plan, including: name, home address
and telephone number, date of birth, social fiscal number, compensation,
nationality, job title, any shares of stock held in the Company, details of all
option grants or any other entitlement to shares of stock awarded, canceled,
exercised, vested, unvested or outstanding in the Grantee’s favor
(collectively, “Data”). The Grantee understands that the Company and/or its
subsidiaries will transfer Data amongst themselves as necessary for the purpose
of implementation, administration and management of the Grantee’s participation
in the Plan, and that the Company and/or any of its subsidiaries may each
further transfer Data to any third parties assisting the Company in the
implementation, administration and management of the Plan. These recipients may
be located in the European Economic Area, the United States and/or Canada. The
Grantee consents to the collection, use and transfer of Data and authorizes
these recipients to receive, possess, use, retain and transfer Data, in
electronic or other form, as may be required for: (i) the administration of the
Plan; and (ii) the implementation, administration and management of the
Grantee’s participation in the Plan, including any requisite transfer to a
broker or any other third party with whom the Grantee may

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elect to deposit any shares of stock acquired upon exercise of the Option
or any portion thereof and/or the subsequent holding of shares of stock on the
Grantee’s behalf.

     16. Definitions.

          (a) “Administrator” means the Board or the Committees (or delegates of the
Board or such Committees) appointed to administer the Plan.

          (b) “Affiliate” shall have the meaning ascribed to such term in Rule 12b-2
promulgated under the Exchange Act.

          (c) “Applicable Laws” means the legal requirements relating to the
administration of stock incentive plans, if any, under applicable provisions of
federal securities laws, state corporate and securities laws, the Code, the
rules of any applicable stock exchange or national market system, and the rules
or laws of any foreign jurisdiction applicable to stock options granted to
residents therein.

          (d) “Consultant” means any person (other than an Employee or a Director,
solely with respect to rendering services in such person’s capacity as a
Director) who is engaged by the Company or any Affiliate to render consulting
or advisory services to the Company or such Affiliate.

          (e) “Continuous Active Service” means actively performing duties or
exercising responsibilities in providing services to the Company or an
Affiliate in any capacity of Employee, Director or Consultant, without
interruption or termination. In jurisdictions requiring notice in advance of
an effective termination as an Employee, Director or Consultant, Continuous
Active Service shall be deemed terminated upon the actual cessation of the
active performance of duties or responsibilities in providing services to the
Company or an Affiliate notwithstanding any required notice period that must be
fulfilled before a termination as an Employee, Director or Consultant can be
effective under Applicable Laws. Continuous Active Service shall not be
considered interrupted in the case of (i) any approved leave of absence, (ii)
transfers among the Company, any Affiliate, or any successor, in any capacity
of Employee, Director or Consultant, or (iii) any change in status as long as
the individual continues to actively perform duties or responsibilities in
providing services to the Company or an Affiliate in any capacity of Employee,
Director or Consultant. An approved leave of absence shall include sick leave,
military leave, or any other authorized personal leave.

          (f) “Director” means a member of the Board or the board of directors of
any Affiliate.

          (g) “Disability” means a Grantee would qualify for benefit payments under
the long-term disability policy of the Company or the Affiliate to which the
Grantee provides services regardless of whether the Grantee is covered by such
policy. If the Company or the Affiliate to which the Grantee provides service
does not have a long-term disability plan in place, “Disability” means that a
Grantee is permanently unable to carry out the responsibilities and functions
of the position held by the Grantee by reason of any medically determinable
physical or

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mental impairment. A Grantee will not be considered to have incurred a
Disability unless he or she furnishes proof of such impairment sufficient to
satisfy the Administrator in its discretion.

          (h) “Employee” means any person, including an Officer or Director, who is
an employee of the Company or any Affiliate. The payment of a director’s fee
by the Company or an Affiliate shall not be sufficient to constitute
“employment” by the Company.

          (i) “Non-Qualified Stock Option” means an option not intended to qualify
as an as an incentive stock option within the meaning of Section 422 of the
Code.

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