Document:

Exhibit 4.6

 

ACCELRYS,
INC.

 

RESTRICTED
STOCK UNIT AWARD AGREEMENT

(AMENDED
AND RESTATED 2004 STOCK INCENTIVE PLAN)

 

Pursuant to its Amended and Restated 2004 Stock Incentive Plan (the “Plan”), ACCELRYS,
INC. (the “Company”),
hereby grants to you (the “Participant”)
that number of restricted units of Common Stock (the “Restricted
Stock Unit Award”) subject to the terms and conditions
below.  Capitalized terms used and not
otherwise defined herein shall have the meanings given to such terms in the
Plan, a copy of which is attached hereto as Attachment 1.

 

1.             GOVERNING PLAN DOCUMENT.  Your Restricted Stock Unit Award is subject
to all of the provisions of the Plan, which provisions are hereby made a part
of this Restricted Stock Unit Award Agreement. 
In the event of any conflict between the provisions of this Restricted
Stock Unit Award Agreement and the provisions of the Plan, the provisions of
the Plan shall control in all respects.

 

2.             DETAILS
OF RESTRICTED STOCK AWARD.  The details of your Restricted
Stock Award Unit are as follows:

 

	
  Number of Shares
  of Common Stock Subject to Award:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Award Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Vesting
  Schedule:

  	
   

  	
  Equal annual
  installments over the three (3) year period commencing with the Award
  Date

  

 

3.             SATISFACTION OF VESTING
RESTRICTIONS.  No shares of Common Stock will be issued to
you pursuant to your Restricted Stock Unit Award until such shares vest in
accordance with the Vesting Schedule indicated in Section 1.  As soon as practicable after the date on
which shares of Common Stock subject to your Restricted Stock Unit Award vest,
the Company will issue to you, free from further vesting restrictions, certificates
representing such vested whole shares of Common Stock.

 

4.             TERMINATION OF EMPLOYMENT OR
SERVICE WITH THE COMPANY.  If,
at any time prior to the vesting in full of the shares of Common Stock subject
to your Restricted Stock Unit Award, your full- or part-time employment or
service with the Company terminates for any reason, the unvested portion of
your Restricted Stock Unit Award shall be canceled and become automatically
null and void.

 

5.             REPRESENTATIONS.  In connection with the acquisition of shares
of Common Stock pursuant to this Restricted Stock Unit Award Agreement, you
represent and warrant to the Company that you have no present intention of
distributing or selling the Common Stock, except as permitted under applicable
securities laws.  You further acknowledge
and agree that your ability to sell the Common Stock may be limited by the
Securities Act (including, without limitation, Rule 144 promulgated under
the Securities Act) and by the terms and conditions of the this Restricted
Stock Award Unit Agreement and the Plan.

 

 

6.             NOT A CONTRACT OF
EMPLOYMENT.  By
executing this Award, you acknowledge and agree that (i) any person who is
terminated before full vesting of an award, such as the one granted to you by
this Award, could claim that he or she was terminated to preclude vesting; (ii)
you promise never to make such a claim; (iii) unless a written employment
agreement specifies otherwise, you are an “at will” employee, and nothing in
this Award or the Plan confers on you any right to continue an employment,
service or consulting relationship with the Company, nor shall it affect in any
way your right or the Company’s right to terminate your employment, service, or
consulting relationship at any time, with or without Cause; and (iv) the
Company would not have granted this Award to you but for these acknowledgements
and agreements.

 

7.             TAXES.  By signing this Restricted Stock Unit Award
Agreement, you acknowledge that you shall be solely responsible for the
satisfaction of any taxes that may arise, and neither the Company nor the
Administrator shall have any obligation whatsoever to pay such taxes.  To the extent the Company is required to pay
any tax as a result of your receipt or exercise of this Award, you will
indemnify the Company for any such payment.

 

8.             GOVERNING LAW; JURISDICTION AND VENUE.  This Restricted Stock Unit Award
Agreement shall be construed in accordance with, and governed in all respects
by, the internal laws of the State of Delaware without giving effect to its
principles of conflicts of laws. Any legal action or other legal proceeding
relating to this Agreement or the enforcement of any provision of this Agreement
shall be brought or otherwise commenced exclusively in any state or federal
court located in the County of San Diego, State of California.  Each of the parties hereto: (i) expressly and
irrevocably consents and submits to the jurisdiction of each state and federal
court located in the County of San Diego, State of California, in connection
with any legal proceeding; (ii) agrees that each state and federal court
located in the County of San Diego, State of California, shall be deemed to be
a convenient forum; and (iii) agrees not to assert, by way of motion, as a
defense or otherwise, in any such legal proceeding commenced in any state or
federal court located in the County of San Diego, State of California, any
claim that it is not subject personally to the jurisdiction of such court, that
such legal proceeding has been brought in an inconvenient forum, that the venue
of such proceeding is improper or that this Agreement or the subject matter of
this Restricted Stock Unit Award Agreement may not be enforced in or by such
court.

 

9.             NOTICES.  Any notices to be delivered pursuant to this Restricted
Stock Award Agreement shall be given in writing and shall be deemed effectively
given upon receipt or, in the case of notices delivered by mail by the Company
to you, five (5) days after deposit in the United States mail, postage
prepaid, addressed to you at the last address you provided to the Company.

 

10.          SEVERABILITY.  If one or
more provisions of this Restricted Stock Unit Award Agreement are held to be unenforceable
under applicable law, such provision shall be excluded from this Restricted
Stock Unit Award Agreement and the balance of the Restricted Stock Unit Award
Agreement shall be interpreted as if such provision were so excluded and shall
be enforceable in accordance with its terms.

 

11.          BINDING AND ENTIRE AGREEMENT.  The terms and conditions of this Restricted Stock Unit Award Agreement
shall inure to the benefit of and be binding upon the respective successors and
assigns of the parties. This Restricted
Stock Unit Award Agreement, together with the Plan and any attachments
hereto or thereto, constitute the full and entire understanding and agreement
between the parties with regard to the subjects hereof and thereof no party
shall be liable or bound to any other party in any manner by any
representations, warranties, covenants and agreements except as specifically
set forth herein and therein.

 

12.          COUNTERPARTS.  This Restricted
Stock Unit Award Agreement may be executed in two or more counterparts,
each of which shall be deemed an original and all of which together shall
constitute one instrument.

 

	
  COMPANY:

  	
  PARTICIPANT:

  
	
   

  	
   

  
	
  ACCELRYS,
  INC.

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  
									

 

2

 

ATTACHMENT
1

 

ACCELRYS,
INC. AMENDED AND RESTATED 2004 STOCK INCENTIVE PLANExhibit 4.7

 

ACCELRYS, INC.

 

2005 EMPLOYEE STOCK PURCHASE PLAN

 

 

ACCELRYS, INC.

2005 EMPLOYEE STOCK PURCHASE PLAN

 

The following constitute the provisions of the Accelrys, Inc. 2005
Employee Stock Purchase Plan.

 

1.                                       Purpose.
The purpose of the Plan is to provide employees and other eligible persons of
the Company and its Designated Subsidiaries with an opportunity to purchase
Common Shares of the Company. It is the intention, but not the obligation, of the Company to have the Plan qualify as an “employee
stock purchase plan” under Section 423 of the Code. The provisions of the
Plan shall, accordingly, be construed so as to extend and limit participation
in a manner consistent with the requirements of that section of the Code.

 

2.                                       Definitions.

 

(a)                                  “Administrator” means (i) any person or
committee to whom the Board delegates administrative discretion under the Plan,
and (ii) the Board, which may exercise any and all administrative powers
associated with the Plan.

 

(b)                                 “Board” means the Board of Directors of the
Company.

 

(c)                                  “Code” means the Internal Revenue Code of
1986, as amended.

 

(d)                                 “Common Shares” means shares of common
stock, par value $0.0001 per share, of the Company.

 

(e)                                  “Company” means Accelrys, Inc., a
Delaware corporation.

 

(f)                                    “Compensation” means the sums of the types
and amounts of compensation determined from time to time by the Administrator
in its sole discretion to be eligible to be taken into account under the Plan,
provided that no such determination shall include or exclude any type or amount
of compensation contrary to the requirements of Section 423 of the Code,
including the equal treatment of participants having the same employer
corporation.

 

(g)                                 “Continuous Status as an Employee” means the
absence of any interruption or termination of service as an Employee.
Continuous Status as an Employee shall not be considered interrupted in the
case of (i) sick leave; (ii) military leave; (iii) any other
leave of absence approved by the Administrator, provided that such leave is for
a period of not more than ninety (90) days, unless reemployment upon the
expiration of such leave is guaranteed by contract or statute, or unless
provided otherwise pursuant to Company policy adopted from time to time; or (iv) in
the case of transfers between locations of the Company or between the Company
and its Designated Subsidiaries.

 

(h)                                 “Contributions” means all amounts credited
to the account of a participant pursuant to the Plan.

 

(i)                                     “Corporate Transaction” means a sale of all
or substantially all of the Company’s assets, or a merger, consolidation, or
other capital reorganization of the Company with or into another corporation,
or any other transaction or series of related transactions in which the Company’s
shareholders immediately prior thereto own less than fifty percent (50%) of the
voting shares of beneficial interest of the Company (or its successor or
parent) immediately thereafter.

 

(j)                                     “Designated Subsidiaries” means the
Subsidiaries (or other entities with respect to sub-plans established under Section 19(d) hereof)
that have been designated by the Board from time to time in its sole discretion
as eligible to participate in the Plan.

 

(k)                                  “Employee” means any person, including an
Officer, whom the Company or one of its Designated Subsidiaries classifies as
an employee for payroll tax purposes and who (i) is customarily employed
by the Company or one of its Designated Subsidiaries for at least twenty
(20) hours per week, and (ii) is customarily employed by the Company
or one of its Designated Subsidiaries for more than five (5) months in a
calendar year.

 

 

(l)                                     “Exchange Act” means the Securities Exchange
Act of 1934, as amended.

 

(m)                               “Offering Date” means the first business day
of each Offering Period of the Plan.

 

(n)                                 “Offering Period” means a period of up to
twenty-seven (27) months (as determined by the Administrator in its
discretion), provided that the Offering Date shall be the first business day of
each Offering Period.

 

(o)                                 “Officer” means a person who is an officer
of the Company within the meaning of Section 16 of the Exchange Act and
the rules and regulations promulgated thereunder.

 

(o)                                 “Plan” means this Accelrys, Inc. 2005
Employee Stock Purchase Plan.

 

(p)                                 “Purchase Date” means the last day of each
Purchase Period of the Plan, provided, however, that if such date is not a
business day, the “Purchase Date” shall mean the immediately preceding business
day.

 

(q)                                 “Purchase Period” means a period of six (6) calendar
months (or such other period of up to twenty-seven (27) consecutive months
that the Administrator may determine in its sole discretion before an Offering
Date), except for the first Purchase Period set forth in Section 4.

 

(r)                                    “Purchase Price” means with respect to a
Purchase Period an amount equal to the lesser of (i) eighty-five percent
(85%) of the Fair Market Value (as defined in Section 7(b) below) of
a Share on the Offering Date, and (i) eighty-five percent (85%) of the
Fair Market Value (as defined in Section 7(b) below) of a Share on
the Purchase Date; provided, however, that the Administrator may before any
Offering Date establish a different formula for determining the Purchase Price
so long as the formula does not result in a lower Purchase Price than is
allowable under Section 423(b)(6) of the Code.

 

(s)                                  “Share” means one Common Share, as adjusted
in accordance with Section 18 of the Plan.

 

(t)                                    “Subsidiary” means a corporation (or an
unincorporated entity of which the Company is a co-employer of its employees),
domestic or foreign, of which not less than fifty percent (50%) of the voting
shares are held by the Company or a Subsidiary, whether or not such corporation
now exists or is hereafter organized or acquired by the Company or a
Subsidiary.

 

3.                                       Eligibility.

 

(a)                                  Any person who is or
becomes an Employee prior to or on the Offering Date of a given Purchase Period
shall be eligible to participate in such Purchase Period under the Plan,
subject to the requirements of Section 5(a) and the limitations
imposed by Section 423(b) of the Code; provided, however, that
eligible Employees may not participate in more than one Purchase Period at a
time.

 

(b)                                 Any provisions of the
Plan to the contrary notwithstanding other than Section 3(c), no Employee
shall be granted an option under the Plan (i) if, immediately after the
grant, such Employee (or any other person whose stock would be attributed to
such Employee pursuant to Section 424(d) of the Code) would own
shares of beneficial ownership of the Company and/or hold outstanding options
to purchase Shares possessing five percent (5%) or more of the total combined
voting power or value of all classes of Shares of the Company or shares of
common stock of any Subsidiary of the Company, or (ii) to the extent such
option would permit his or her rights to purchase Shares under all employee stock
purchase plans (described in Section 423 of the Code) of the Company and
its Subsidiaries to accrue at a rate that exceeds twenty-five thousand dollars
($25,000) of the Fair Market Value (as defined in Section 7(b) below)
of such Shares (determined at the time such option is granted) for each
calendar year in which such option is outstanding at any time.

 

2

 

(c)                                  Company directors,
independent contractors (the meaning of such terms to be determined by the
Administrator in its sole discretion), employees of affiliates of the Company
that are not corporate Subsidiaries, and Employees who are ineligible to
participate pursuant to Section 3(b)(i) above
may, in the sole discretion of the Administrator, be eligible to participate in
any Company sub-plan or sub-plans that the Administrator may establish in
accordance with Section 19(d) below.

 

4.                                       Offering
Periods and Purchase Periods. Each Offering Period shall consist of
consecutive Purchase Periods that each have a term of six (6) months
measured from the Offering Date. The Administrator shall have the discretion to
establish the first Offering Period and the first Purchase Period as commencing
on or after the effective date determined in Section 22 below, and as
consisting of less than twelve (12) months and six (6) months,
respectively. The Administrator shall have the power to change the duration
and/or frequency of Offering Periods and Purchase Periods with respect to
future purchases without stockholder approval, provided that the Administrator
shall announce any such change at least fifteen (15) days prior to the
scheduled beginning of the first Offering Period to be affected.

 

5.                                       Participation.

 

(a)                                  An eligible Employee
may become a participant in the Plan by completing a subscription agreement on
the form provided by the Company and filing it with the Company’s Human
Resources Department or the stock brokerage or other financial services firms
designated or approved by the Administrator from time to time (each, a “Designated
Broker”) prior to the applicable Offering Date.

 

(b)                                 Payroll deductions
shall commence on the first full payroll following the Offering Date and shall
end on the last payroll paid on or prior to the last Purchase Period to which
the subscription agreement is applicable, unless sooner terminated by the
participant as provided in Section 10.

 

(c)                                  A participant’s
subscription agreement shall remain in effect for successive Offering Periods
unless modified as provided in Section 6 or terminated as provided in Section 10.

 

6.                                       Method
of Payment of Contributions.

 

(a)                                  A participant shall
elect to have payroll deductions made on each payday during the Purchase Period
in an amount not less than one percent (1%), and not more than ten percent
(10%) (or such other percentage as the Administrator
may establish from time to time before an Offering Period begins) of such
participant’s Compensation on each payday during the Purchase Period. All
payroll deductions made by a participant shall be credited to his or her
account under the Plan. A participant may not make any additional payments into
such account.

 

(b)                                 A participant may
discontinue his or her participation in the Plan as provided in Section 10,
and may increase or decrease the rate of his or her Contributions with respect
to the Offering Period only in accordance with rules that the
Administrator establishes before the Offering Period begins.

 

3

 

(c)                                  Notwithstanding the
foregoing, to the extent necessary to comply with Section 423(b)(8) of
the Code and Section 3(b) herein, a participant’s payroll deductions
may be decreased during any Purchase Period scheduled to end during the current
calendar year to zero percent (0%); provided, however, if a participant’s
payroll deductions are decreased to zero percent (0%), a participant shall have
the option of (i) continuing his or her participation in the Plan with
respect to any prior Contributions or (ii) withdrawing from the Plan in
accordance with Section 10. Payroll deductions shall re-commence at the
rate provided in such participant’s subscription agreement at the beginning of
the first Purchase Period that is scheduled to end in the following calendar
year, unless terminated by the participant as provided in Section 10.

 

7.                                       Grant
of Option.

 

(a)                                  On the Offering Date
of each Offering Period, each eligible Employee participating in such Offering
Period shall be granted an option to purchase on each Purchase Date within the
Offering Period a number of Shares determined by dividing such Employee’s
Contributions accumulated prior to such Purchase Date and retained in the
participant’s account as of the Purchase Date by the applicable Purchase Price;
provided, however, that the maximum number of Shares an Employee may purchase
during each Purchase Period shall be one thousand (1,000) Shares (subject to
any adjustment pursuant to Section 18 below, as well as to such other
number of Shares as the Administrator may establish from time to time before an
Offering Date), and provided further that such purchase shall be subject to the
limitations set forth in Sections 3(b) and 13.

 

(b)                                 The fair market value
of the Company’s Common Shares on a given date (the “Fair Market Value”) shall
be:

 

(i)                                     the closing sales
price of the Common Shares for such date (or, in the event that the Common
Shares are not traded on such date, on the immediately preceding trading date),
as reported by the New York Stock Exchange or the American Stock Exchange, or,
if such price is not reported, then on the nearest preceding trading day during
which a sale occurred; or

 

(ii)                                  if such stock is not
traded on either exchange but is quoted on NASDAQ or a successor quotation
system (A) the last sales price (if the stock is then listed as a National
Market Issue under The Nasdaq National Market System) or (B) the mean of
the bid and asked prices per-share of the Common Shares as reported by the
NASDAQ or successor or,

 

(iii)                               in the event the Common
Shares are not listed on a stock exchange or quoted on NASDAQ but is otherwise
traded in the over-the-counter market, the Fair Market Value per share shall be
the mean between the most recent representative bid and asked prices; or

 

(iv)                              if
subsections (i)-(iii) do not apply, the fair market value established in
good faith by the Board.

 

8.                                       Exercise
of Option. Unless a participant withdraws from the Plan as provided in Section 10,
his or her option for the purchase of Shares will be exercised automatically on
each Purchase Date of a Purchase Period, and the maximum number of full Shares
subject to the option will be purchased at the applicable Purchase Price with
the accumulated Contributions in his or her account. No fractional Shares shall
be sold or issued pursuant to the Plan. Any payroll deductions accumulated in a
participant’s account that are not sufficient to purchase a full Share shall be
returned to the participant. The Shares purchased upon exercise of an option
hereunder shall be deemed to be transferred to the participant on the Purchase
Date. During his or her lifetime, a participant’s option to purchase Shares
hereunder is exercisable only by him or her.

 

4

 

9.                                       Delivery.
As promptly as practicable after each Purchase Date of each Purchase Period,
the number of Shares purchased by each participant upon exercise of his or her
option shall, at the Administrator’s option, be deposited into an account
established in the participant’s name with a Designated Broker or delivered
directly to the participant.

 

10.                                 Voluntary
Withdrawal; Termination of Employment.

 

(a)                                  A participant may
withdraw all but not less than all the Contributions credited to his or her
account under the Plan at any time prior to each Purchase Date by giving
written notice to the Company or the Designated Broker, in the form and manner
as directed by the Company, at least ten (10) days prior to the Purchase
Date. All of the participant’s Contributions credited to his or her account
will be paid to him or her promptly after receipt of his or her notice of
withdrawal and his or her option for the current period will be automatically
terminated, and no further Contributions for the purchase of Shares will be
made during the Purchase Period.

 

(b)                                 Upon termination of
the participant’s Continuous Status as an Employee prior to the Purchase Date
of a Purchase Period for any reason, including retirement or death, the
Contributions credited to his or her account will be returned to him or her or,
in the case of his or her death, to the person or persons entitled thereto
under Section 14, and his or her option will be automatically terminated.
A participant will have up to thirty (30) days to transfer, to himself, to
a designated beneficiary, or to a designated broker, any Shares that the
Company or the Designated Broker holds for the benefit of the Participant
(using a form that the Administrator provides). If within thirty
(30) days, the participant’s Shares are not transferred,
the Administrator may, but shall not be obligated to, issue and mail a stock certificate
for the Shares to the participant.

 

(c)                                  In the event an
Employee fails to remain in Continuous Status as an Employee of the Company for
at least twenty (20) hours per week during the Purchase Period in which
the employee is a participant, he or she will be deemed to have elected to
withdraw from the Plan and the Contributions credited to his or her account
will be returned to him or her and his or her option terminated.

 

(d)                                 If a participant
withdraws from a Purchase Period, payroll deductions shall not resume at the
beginning of any succeeding Purchase Period for which the participant is
eligible to enroll unless the participant delivers a new subscription agreement
to the Company.

 

11.                                 Interest.
No interest shall accrue on the Contributions of a participant in the Plan.

 

12.                                 Shares.

 

(a)                                  Subject to adjustment
upon changes in capitalization of the Company as provided in Section 18
hereof, the maximum number of shares of the Company’s Common Stock which shall
be made available for sale under the Plan shall be one million (1,000,000)
shares. The Designated Broker shall purchase all Shares either from the Company
or on the open market. To the extent the aggregate Purchase Price for
open-market purchases of Shares is below their Fair Market Value for any
Purchase Period, the Company shall pay the Designated Broker such amounts as
are necessary to subsidize the Purchase Price for such purchases.

 

(b)                                 The participant shall
have no interest (including no right to receive any dividends) or voting right
in Shares covered by his or her option until such option has been exercised.

 

(c)                                  Shares to be
delivered to a participant under the Plan will be registered in the name of the
participant or, if directed by the participant in writing, in the name of the
participant and his or her spouse.

 

5

 

13.                                 Administration.
The Administrator shall supervise and administer the Plan, and shall have full
and exclusive discretionary authority to construe, interpret, and apply the terms
of the Plan, to determine eligibility, to adjudicate all disputed claims under
the Plan, to adopt, amend and rescind any rules deemed appropriate for the
administration of the Plan, and to make all other determinations necessary or
advisable for the administration of the Plan. Every finding, decision, and
determination made by the Administrator shall, to the full extent permitted by
law, be final and binding upon all parties. No person acting individually or
jointly as the Administrator shall be liable for any action or determination
made in good faith with respect to the Plan or any participant.

 

14.                                 Designation
of Beneficiary.

 

(a)                                  A participant may
designate a beneficiary who is to receive any Shares and cash, if any, from the
participant’s account under the Plan in the event of such participant’s death
subsequent to the end of a Purchase Period but prior to delivery to him or her
of such Shares and cash. In addition, a participant may designate a beneficiary
who is to receive any cash from the Participant’s account under the Plan in the
event of such participant’s death prior to the Purchase Date. If a participant
is married and the designated beneficiary is not the spouse, spousal consent
shall be required for such designation to be effective. Beneficiary
designations under this Section 14(a) shall be made in the form and
in the manner as directed by the Company’s Human Resources Department.

 

(b)                                 Such designation of
beneficiary may be changed by the participant (and his or her spouse, if any)
at any time by written notice in accordance with Section 14(a). In the
event of the death of a participant and in the absence of a beneficiary validly
designated under the Plan who is living at the time of such participant’s
death, the Company shall deliver such Shares and/or cash to the executor or
administrator of the estate of the participant, or if no such executor or
administrator has been appointed (to the knowledge of the Company), the
Company, in its discretion, may deliver such Shares and/or cash to the spouse
or to any one or more dependents or relatives of the participant, or if no
spouse, dependent or relative is known to the Company, then to such other
person as the Company may designate.

 

15.                                 Transferability.
Neither Contributions credited to a participant’s account nor any rights with
regard to the exercise of an option or to receive Shares under the Plan may be
assigned, transferred, pledged or otherwise disposed of in any way (other than
by will, the laws of descent and distribution, or as provided in Section 14)
by the participant. Any such attempt at assignment, transfer, pledge or other
disposition shall be without effect, except that the Company may treat such act
as an election to withdraw funds in accordance with Section 10.

 

16.                                 Use
of Funds. All Contributions received or held by the Company under the Plan
may be used by the Company for any corporate purpose, and the Company shall not
be obligated to segregate such Contributions.

 

17.                                 Reports.
Individual recordkeeping accounts will be maintained for each participant in
the Plan. Statements of account will be provided to participating Employees at
least annually by the Designated Broker, which statements will set forth the
amounts of Contributions, the per Share Purchase Price, the number of Shares
purchased, and the remaining cash balance, if any.

 

6

 

18.                                 Adjustments
Upon Corporate Transactions.

 

(a)                                  In the event of a
proposed dissolution or liquidation of the Company, any Purchase Period then in
progress will terminate immediately prior to the consummation of such action,
unless otherwise provided by the Board. In the event of a Corporate
Transaction, each option outstanding under the Plan shall be assumed or an
equivalent option shall be substituted by the successor corporation or a parent
or Subsidiary of such successor corporation. In the event that the successor
corporation refuses to assume or substitute for outstanding options, each
Purchase Period then in progress shall be shortened and a new Purchase Date
shall be set (the “New Purchase Date”), as of which date any Purchase Period
then in progress will terminate. The New Purchase Date shall be on or before
the date of consummation of the transaction and the Board shall notify each
participant in writing, at least ten (10) days prior to the New Purchase
Date, that the Purchase Date for his or her option has been changed to the New
Purchase Date and that his or her option will be exercised automatically on the
New Purchase Date, unless prior to such date he or she has withdrawn from the
Purchase Period as provided in Section 10.

 

(b)                                 For purposes of this Section 18,
an option granted under the Plan shall be deemed to be assumed, without
limitation, if, at the time of issuance of the stock or other consideration
upon a Corporate Transaction, each holder of an option under the Plan would be
entitled to receive upon exercise of the option the same number and kind of
shares of stock or the same amount of property, cash or securities as such
holder would have been entitled to receive upon the occurrence of the
transaction if the holder had been, immediately prior to the transaction, the
holder of the number of Shares covered by the option at such time (after giving
effect to any adjustments in the number of Shares covered by the option as
provided for in this Section 18); provided, however, that if the
consideration received in the transaction is not solely common stock of the
successor corporation or its parent (as defined in Section 424(e) of
the Code), the Board may, with the consent of the successor corporation,
provide for the consideration to be received upon exercise of the option to be
solely common stock of the successor corporation or its parent equal in Fair
Market Value to the per Share consideration received by holders of Common
Shares in the transaction.

 

(c)                                  The Board may, if it
so determines in the exercise of its sole discretion, also make provision for
adjusting the Reserves, as well as the price per Common Share covered by each
outstanding option, in the event that the Company effects one or more
reorganizations, recapitalizations, rights offerings, or other increases or
reductions of its outstanding Common Shares, and in the event of the Company’s
being consolidated with or merged into any other corporation.

 

7

 

19.                                 Amendment
or Termination.

 

(a)                                  The Board may at any
time and for any reason terminate or amend the Plan. Except as provided in Section 18,
no such termination of the Plan may affect options previously granted, provided
that the Plan or an Offering Period may be terminated by the Board on a
Purchase Date or by the Board’s setting a new Purchase Date with respect to a
Purchase Period then in progress if the Board determines that termination of
the Plan and/or the Purchase Period is in the best interests of the Company and
the shareholders, or if continuation of the Plan and/or the Purchase Period
would cause the Company to incur adverse accounting charges as a result of a
change after the effective date of the Plan in the generally accepted
accounting rules applicable to the Plan. Except as provided in Section 18
and in this Section 19, no amendment to the Plan shall make any change in
any option previously granted that adversely affects the rights of any
participant. In addition, to the extent the Administrator considers it
appropriate to conform the Plan with Rule 16b-3
under the Exchange Act, Section 423 of the Code, or any other applicable
law, regulation, or stock exchange rule, the Company shall obtain stockholder
approval in such a manner and to such a degree as so required.

 

(b)                                 Without shareholder
consent and without regard to whether any participant rights may be considered
to have been adversely affected, the Board (or its committee) shall be entitled
to change the Offering Periods, the Purchase Periods, to limit the frequency
and/or number of changes in the amount withheld during an Offering Period, to
establish the exchange ratio applicable to amounts withheld in a currency other
than U.S. dollars, to permit payroll withholding in excess of the amount
designated by a participant in order to adjust for delays or mistakes in the
Company’s processing of properly completed withholding elections, to establish
reasonable waiting and adjustment periods and/or accounting and crediting
procedures to ensure that amounts applied toward the purchase of Common Shares
for each participant properly correspond with amounts withheld from the
participant’s Compensation, and to establish such other limitations or
procedures as the Board (or its committee) determines in its sole discretion
advisable that are consistent with the Plan.

 

(c)                                  The Company may adopt
rules or procedures relating to the operation and administration of the
Plan to accommodate the specific requirements of local laws and procedures.
Without limiting the generality of the foregoing, the Company specifically
authorizes the Administrator to adopt rules and procedures regarding
handling of payroll deductions, payment of interest, conversion of local
currency, payroll tax, withholding procedures and handling of stock
certificates which vary with local requirements.

 

(d)                                 The Administrator may
also adopt sub-plans applicable to particular Subsidiaries or other entities
under the Company’s control, or other locations, which sub-plans may be
designed to be outside the scope of Code Section 423. The rules of
such sub-plans may take precedence over other provisions of this Plan, but
unless otherwise superseded by the specific terms of such sub-plan, the
provisions of this Plan shall govern the operation of such sub-plan. In
addition, the Administrator may adopt rules or procedures relating to the
operation and administration of the Plan to accommodate the specific
requirements of local laws and procedures. Without limiting the generality of
the foregoing, the Company is specifically authorized to adopt rules and
procedures regarding (i) participation in the sub-plan by non-Employee
directors, consultants, and other service providers, in which case references
in the Plan to “Continuous Status as an Employee” shall refer to the person’s
continuous status as a person providing services to the Company or any
Designated Subsidiary, and (ii) the handling of payroll deductions,
payment of interest, conversion of local currency, payroll tax, withholding
procedures and handling of stock certificates which vary with local
requirements.

 

8

 

20.                                 Notices.
All notices or other communications by a participant to the Company under or in
connection with the Plan shall be deemed to have been duly given when received
in the form specified by the Company at the location, or by the person,
designated by the Company for the receipt thereof.

 

21.                                 Conditions
Upon Issuance of Shares. Shares shall not be
issued with respect to an option unless the exercise of such option and the
issuance and delivery of such Shares pursuant thereto shall comply with all
applicable provisions of law, domestic or foreign, including, without limitation,
the Securities Act of 1933, as amended, the Exchange Act, the rules and
regulations promulgated thereunder, applicable state securities laws, and the
requirements of any stock exchange upon which the Shares may then be listed,
and shall be further subject to the approval of counsel for the Company with
respect to such compliance. As a condition to the exercise of an option, the
Company may require the person exercising such option to represent and warrant
at the time of any such exercise that the Shares are being purchased only for
investment and without any present intention to sell or distribute such Shares
if, in the opinion of counsel for the Company, such a representation is
required by any of the aforementioned applicable provisions of law.

 

22.                                 Term
of Plan; Effective Date. The Plan shall become effective on the date that
it receives approval by a vote of a majority of the votes cast at a duly held
annual meeting of the Company’s shareholders (or by such other shareholder vote
that the Administrator determines to be sufficient for the issuance of Shares
or stock options according to the Company’s governing documents and applicable
state law). The Plan shall continue in effect for a term of ten (10) years
unless sooner terminated under Section 19.

 

23.                                 Additional
Restrictions of Rule 16b-3. The terms and conditions of options
granted hereunder to, and the purchase of Shares by, persons subject to Section 16
of the Exchange Act shall comply with the applicable provisions of Rule 16b-3.
This Plan shall be deemed to contain, and such options shall contain, and the
Shares issued upon exercise thereof shall be subject to, such additional
conditions and restrictions as may be required by Rule 16b-3 to qualify
for the maximum exemption from Section 16 of the Exchange Act with respect
to Plan transactions.

 

24.                                 Notice
of Disqualifying Dispositions. By electing to participate in the Plan, each
participant agrees to notify the Company in writing immediately after the
participant sells, transfers or otherwise disposes of any Shares acquired under
the Plan, if such disposition occurs within the earlier of (i) two (2) years
of the Offering Date, or (ii) one (1) year of the Purchase Date,
associated with such Shares. Each participant further agrees to provide any
information about a disposition of Shares as may be requested by the Company to
assist it in complying with any applicable tax laws.

 

25.                                 Withholding
of Taxes. Each participant must make adequate provision for all applicable
federal, state, or other tax withholding obligations which may arise upon the
exercise of any option or the disposition of any Shares.

 

26.                                 No
Employment Rights. The Plan does not create, directly or indirectly, any
right for the benefit of any employee or class of employees to purchase any
Shares from the Company (other than as expressly provided in, and subject to
the terms and conditions of, the Plan), or create in any employee or class of
employees any right with respect to continuation of employment by the Company
or any Subsidiary, and it shall not be deemed to interfere in any way with the
Company’s or any Subsidiary’s right to terminate, or otherwise modify, an
employee’s employment at any time.

 

27.                                 Offsets.
To the extent permitted by law, the Company shall have the absolute right to
withhold any amounts payable to any participant under the terms of the Plan to
the extent of any amount owed for any reason by such participant to the Company
or any Subsidiary and to set off and apply the amounts so withheld to payment
of any such amount owed to the Company or any Subsidiary, whether or not such
amount shall then be immediately due and payable and in such order or priority
as among such amounts owed as the Board or its committee, in its sole
discretion, shall determine.

 

9

 

28.                                 Captions.
The captions of the sections and paragraphs of this Plan have been inserted
solely as a matter of convenience and in no way define or limit the scope or
intent of any provision of the Plan. References to sections herein are to the
specified sections of this Plan unless another reference is specifically
stated. Wherever used herein, a singular number shall be deemed to include the
plural unless a different meaning is required by the context.

 

29.                                 Governing
Law. The internal laws of Delaware shall govern all matters relating to
this Plan except to the extent superseded by the laws of the United States.

 

10

 

EXHIBIT A

 

 

2005
EMPLOYEE STOCK PURCHASE PLAN

 

ENROLLMENT FORM/SUBSCRIPTION AGREEMENT

 

	
   

  	
  Enrollment

  
	
   

  	
  Change of
  Beneficiary(ies)

  
	
   

  
	
  Name: 

  	
   

  	
   

  	
  Date:

  	
   

  
	
   

  
	
  Employee’s
  SSN/National identification number: 

  	
   

  
	
   

  
	
  Offering Period
  Commencement Date: 

  	
   

  
								

 

1.                                       I
hereby elect to participate in the Accelrys, Inc. 2005 Employee Stock
Purchase Plan (the “2005 ESPP”), and subscribe to purchase Common Shares of the
Company in accordance with this Subscription Agreement and the 2005 Employee
Stock Purchase Plan.

 

2.                                       I
hereby authorize payroll deductions from each paycheck in the amount of         %
(must be a whole-number percentage not less than 1% and not to exceed 10%) of
my base compensation on each payday commencing with the first payday in the
first Offering Period for which this election is effective based on the terms
and conditions set forth in the 2005 ESPP.

 

3.                                       I
understand that said payroll deductions shall be accumulated for the purchase
of Common Shares at the applicable Purchase Price determined in accordance with
the 2005 ESPP.  I understand that if I do
not withdraw from a Purchase Period, any accumulated payroll deductions will be
used to automatically exercise my option.

 

4.                                       I
have received a copy of the complete “2005 Employee Stock Purchase Plan and
Prospectus.”  I understand that my
participation in the 2005 ESPP is in all respects subject to the terms of the
Plan.  I understand that the grant of the
option by the Company under this Subscription Agreement may be subject to
obtaining stockholder approval of the 2005 ESPP.

 

5.  Shares purchased for me under the 2005 ESPP
should be issued:

 

	
   

  	
  In the name(s)
  of: 

  	
   

  	
   

  
	
   

  	
  (Employee or
  Employee and Spouse Only)

  

 

 

	
   

  	
  Issued in street
  name and delivered to my designated brokerage account:

  

 

 

	
   

  	
   

  

 

6.                                   I understand that
there may be tax consequences for participating in this Plan and to
purchasing/selling stock pursuant thereto. 
I acknowledge and understand that I am responsible for any tax
consequences related to participation in this Plan.

 

I HEREBY AGREE TO
NOTIFY THE COMPANY IN WRITING OF ANY DISPOSITION OF SHARES IN ACCORDANCE WITH
APPLICABLE LAW OR AS THE COMPANY MAY OTHERWISE REQUEST SO THAT IT CAN
PROPERLY WITHOLD ANY REQUIRED TAXES.  If
employed in the United States, I hereby agree to notify the Company within 30
days of disposition of shares.  I
UNDERSTAND THAT NOTHING IN THIS AGREEMENT 

 

 

CONSTITUTES TAX
ADVICE, AND I ACKNOWLEDGE THAT THE COMPANY HAS ENCOURAGED ME TO CONSULT MY OWN
TAX ADVISOR WITH REGARD TO THE TAX CONSEQUENCES OF PARTICIPATING IN THE 2005
EMPLOYEE STOCK PURCHASE PLAN.

 

7.                                   I hereby agree to be
bound by the terms of the 2005 ESPP.  The
effectiveness of this Subscription Agreement is dependent upon my eligibility
to participate in the 2005 ESPP.

 

8.                                   In the event of my
death, I hereby designate the following as my beneficiary(ies)
to receive all payments and Shares due me under the 2005 ESPP:

 

	
  NAME

  	
   

  	
  RELATIONSHIP

  	
   

  	
  ADDRESS

  	
   

  	
  %

  
	
  1.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

I UNDERSTAND THAT
THIS SUBSCRIPTION AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE
PURCHASE PERIODS UNLESS TERMINATED BY ME AND CONFIRM THAT THE FOLLOWING
INFORMATION IS TRUE AND CORRECT.

 

 

	
   

  	
   

  	
   

  	
   

  
	
  Signature of
  Employee

  	
  Date

  	
   

  

 

A-2

 

EXHIBIT B

 

 

2005
EMPLOYEE STOCK PURCHASE PLAN

 

PARTICIPANT WITHDRAWAL FORM

 

	
  Name: 

  	
   

  	
   

  	
  Date: 

  	
   

  	
   

  

 

I, the undersigned participant,
in the Offering Period of the Accelrys, Inc. 2005 Employee Stock Purchase
Plan which began on                              ,
20       , am hereby notifying the Company that I
hereby withdraw from my participation in the 2005 Employee Stock Purchase Plan
for this Purchase Period.  I hereby
direct the Company to pay to me as promptly as practicable all the payroll
deductions credited to my account with respect to such Purchase Period.  I understand and agree that my option for
such Purchase Period will be automatically terminated.

 

I understand further that no
further payroll deductions will be made for the purchase of shares in the
current Purchase Period and that I will be eligible to participate in
succeeding Purchase Periods only by delivering to the Company a new
Subscription Agreement prior to the next Offering Period.

 

Home Address:

 

	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

 

	
  Signature:

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