Document:

Employment Agreement - Jean Nelson

 Exhibit 10.30 
  
 EMPLOYMENT AGREEMENT 
  
 THIS AGREEMENT (“Agreement”) is made, effective as of July 31, 2001, by and between Jean Nelson (“Executive”), and Panja, Inc. d/b/a
AMX Corporation (“Employer”). 
  
 WITNESSETH:

  
 WHEREAS, Employer desires to employ Executive; 

 
 WHEREAS, Executive desires to accept such employment on the terms and
conditions herein set forth; 
  
 NOW, THEREFORE, in return for the
mutual promises contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Employer and Executive hereby agree as follows. 
  
 ARTICLE I 
 AGREEMENT 
  
 Employment 
  
 1.01    Subject to the terms and conditions of this Agreement, Employer agrees to employ Executive and Executive hereby accepts employment with Employer. 
  
 Term 
  
 1.02    The term (“Base Term”) of this Agreement shall commence on July 31, 2001, (“Effective Date”) and shall
continue thereafter through 5:00 p.m. July 31, 2004, at which time Executive’s employment will end unless earlier terminated as provided herein or unless extended on such terms and conditions and for such period of time as may be agreed upon in
writing by Employer and Executive (the Base Term, as so extended or earlier terminated, is referred to herein as the “Term”). 
  
 ARTICLE II 
 TITLE AND
AUTHORITY 
  
 General 
  
 Executive agrees to perform the duties of Vice President of Finance and Chief
Financial Officer (“CFO”), or such other duties or positions which the Chief Executive Officer (“CEO”) or Board of Directors of Employer (“Board of Directors”) shall designate for Executive from time-to-time. In
performing such duties hereunder, Executive shall give Employer the benefit of his special knowledge, skills, contacts and business experience and shall devote all of his business time, attention, ability and energy exclusively to the business of
Employer. 
  

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 ARTICLE III 
 COMPENSATION 
  
 Base Salary 
  
 3.01    Employer shall pay Executive a base salary at the rate of $172,500 per year, subject to periodic review and increase by the Compensation Committee of the Board of Directors of Employer; provided, however, that no
obligation to conduct such a review or to grant such increase is hereby created. Employer shall pay the base salary to Executive in equal installments in accordance with Employer’s normal payroll practice and on the paydays normally scheduled
for similarly situated executives, less applicable withholding, FICA, Medicare, and any other legally required withholdings. 
  
 Discretionary Bonus 
  
 3.02    Executive shall be eligible for an annual discretionary bonus, to be determined in the sole discretion of the CEO, subject to
approval by the Compensation Committee, based upon corporate and individual performance and other factors, objective or subjective, that the CEO may deem to be important to the success of Employer. No obligation to pay any such bonus is hereby
created. 
  
 Participation in Stock Option Program

  
 3.03    Executive shall receive stock
option rights to purchase a total of 60,000 shares of Employer’s stock under Employer’s 1999 Equity Incentive Plan pursuant to a Stock Option Agreement in the form of that attached hereto as Exhibit A. 
  
 ARTICLE IV 
 BENEFITS 
  
 Employee Benefits 
  
 4.01    Executive shall be entitled to participate in such health, life, dental, disability, retirement and other benefits that Employer may provide from time-to-time to similarly situated executives of Employer.

  
 Vacation 
  
 4.02    Executive shall be entitled to paid vacation in
accordance with Employer’s written vacation policy, as in effect from time to time during the Term. 
  
 ARTICLE V 
 TERMINATION 
  
 General 
  
 5.01    Employer and Executive shall have the right to
terminate the employment of Executive as set forth in this Article V. 
  

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 Incapacity of Executive to Perform 
  
 5.02    If Executive shall become ill or be injured or
otherwise become incapacitated such that, in the good faith opinion of the CEO or Board of Directors, he cannot carry out and perform fully the essential functions of his duties hereunder, and such incapacity shall continue for a period of ninety
(90) consecutive days, the CEO or Board of Directors may, at any time after the ninety (90) day period has passed, by giving Executive written notice of such termination, fully and finally terminate his employment under this Agreement. Termination
under this Section 5.02 shall be effective as of the date provided in such notice. In the event of termination under this Section, Executive shall be entitled to the same payments and benefits described in Section 5.05 for an Immediate Without Cause
Termination and shall be entitled to no other payments or benefits of any sort except for any base salary earned and due to him under this Agreement as the result of his activities during the pay period in which the termination occurred. 

 
 Death of Executive 
  
 5.03    The employment of Executive shall automatically
terminate upon the death of Executive. Upon such termination, Executive’s estate or, if applicable, his heirs shall receive only the base salary earned and due to Executive under this Agreement as the result of his activities during the pay
period during which the death occurred, and thereafter no further consideration or compensation shall be owed by Employer to Executive or to his estate. Executive shall not be eligible for a pro rated bonus, and there shall be no acceleration of
vesting of stock option rights. 
  
 Termination for Cause

  
 5.04    In addition to any other
remedies that Employer may have at law or in equity, the CEO or Board of Directors may immediately terminate Executive’s employment under this Agreement by giving Executive written or oral notice of such termination upon the occurrence of any
of the following events: 
  
 A.    Failure of
Executive to be present for work and duties as set forth herein for three (3) or more consecutive business days (except during vacation and periods of illness as set forth herein) without giving prior written notice to the CEO or Board of Directors
and receiving approval of the Board of Directors of such absence, which approval shall not be unreasonably withheld; 
  
 B.    Executive’s conviction of a felony offense or commission by Executive of any act abhorrent to the community which the CEO
or Board of Directors in good faith considers materially damaging to or tending to discredit the reputation of Employer or its respective successors and assigns; 
  
 C.    Dishonesty, fraud, willful misconduct, unlawful discrimination or theft on the part of Executive
(whether within the workplace or elsewhere); 
  
 D.    Executive’s using for his own benefit or the benefit of any third party any Confidential Information of Employer (as defined in Section 7.03 (Trade Secrets)), or its respective successors and assigns, or
willfully or negligently divulging any such Confidential Information to third parties, without the prior written consent of the CEO or Board of Directors, or any violation by Executive of any of his obligations under Article VII hereof; and

  

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 E.    The determination by the CEO or Board of Directors that, in the good faith
opinion of the CEO or Board of Directors, Executive has breached any material term of this Agreement or has willfully violated any of Employer’s policies or work directives. 
  
 Upon termination for any of the reasons described above, Executive shall receive only the base salary earned and due to him
under this Agreement as the result of his activities during the pay period in which the termination occurred, and thereafter no further consideration or compensation of any sort shall be owed by Employer to Executive. Executive shall not be entitled
to payment of any bonus amount, pro rated or otherwise. Any unvested option rights shall be immediately forfeited upon termination of employment under this Section and shall be come null and void. Employer may deduct from Executive’s paycheck
any unauthorized expenses, charges or misappropriations for which Employer may be responsible or which Employer may incur as the result of Executive’s conduct. 
  
 Termination without Cause 
  
 5.05    The CEO or Board of Directors may terminate Executive’s employment under this Agreement
without any cause whatsoever by giving Executive six (6) months’ written notice. Upon the last day of the six-month notice period (“Without Cause Termination Date”), Executive shall receive the base salary earned and due to him under
this Agreement as the result of his activities during the pay period in which the Without Cause Termination Date occurred, and shall be eligible to be considered for a pro rated discretionary bonus based on service through the Without Cause
Termination Date. Alternatively, in the discretion of the CEO or Board of Directors, the CEO or Board of Directors may terminate Executive’s employment immediately (“Immediate Without Cause Termination Date”) and without any cause or
notice whatsoever (“Immediate Without Cause Termination”) by paying Executive, in equal installments as set forth in Section 3.01, severance pay of six (6) months’ base salary (“Severance Payment Period”). In addition, if
the CEO or Board of Directors elects to terminate Executive’s employment under this Immediate Without Cause Termination provision: (a) Employer shall pay Executive’s COBRA premiums during the Severance Payment Period; (b) Executive shall
be eligible for consideration for a pro rated discretionary bonus on the same basis as if he had remained employed throughout the Severance Payment Period; (c) any of Executive’s stock option rights that would have vested had Executive remained
employed during the Severance Payment Period shall accelerate and vest immediately on the Immediate Without Cause Termination Date; and (d) Employer shall provide Executive with outplacement services during the Severance Payment Period. 

 
 ARTICLE VI 
 EXPENSE REIMBURSEMENT 
  
 Executive is authorized to incur reasonable business expenses in connection with the business of Employer, including expenditures for entertainment and travel. Subject to the requirements of this Article VI, Employer
will reimburse Executive from time to time for all reasonable business expenses that are incurred and submitted for reimbursement in compliance with Employer’s policies and procedures. 
  

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 ARTICLE VII 
 COVENANT NOT TO COMPETE, TRADE SECRETS, AND ASSIGNMENTS 
  
 Covenant Not to Compete 
  
 7.01    Executive recognizes and acknowledges that Employer is placing its confidence and trust in Executive. Executive shall have access to information which enables Employer to be successful in
its business. Some of the information may be confidential and constitute trade secrets; that information when combined with all other information regarding Employer constitutes proprietary information, the Executive’s unauthorized use of which
could seriously affect the ability of Employer to do business. Executive, therefore, covenants and agrees that for a period beginning on the Effective Date and ending six (6) months after his last date of employment, Executive shall not: 

 
 A.    Either directly or indirectly engage in, or
assist any person or entity to engage in, any business that is in direct or indirect competition with the Business of the Employer. As used in this Article VII, the term “Business of the Employer” shall include all business activities in
which the Employer is now engaged, including, but not limited to, the design, manufacture, marketing and distribution by the Employer of various automation control products, and shall further include any other line of business in which the Employer
is engaged on the last date of Executive’s employment. 
  
 B.    Attempt in any manner to solicit, on his own behalf or on behalf of any person or entity, Business from any Customer of Employer with whom, or with whose account, Executive had direct contact during his employment,
or of whom Executive learned during his employment. For the purpose of this provision, “Business” shall mean the provision of products or services of the type that Employer has provided to such customer at any time during or after
Executive’s employment with Employer. For purpose of this Agreement, “Customer” shall mean any person or entity that, at any time during the last six (6) months of Executive’s employment, purchased goods or services from
Employer, or that Employer actively pursued or specifically planned to pursue for the purpose of selling goods or services. 
  
 C.    Either directly or indirectly be or become a shareholder, joint venturer in or owner (in whole or in part) of or be a partner of
or associated with or have any proprietary or financial interest in any firm, corporation, joint venture, partnership or association or other entity that is engaged in or is carrying on any business that is in direct or indirect competition with the
Business of Employer. 
  
 D.    Executive
hereby recognizes and acknowledges that the existing business area of Employer extends throughout the United States and therefore agrees that the covenants contained in this Section 7.01 shall be applicable in and throughout such area. Executive
further warrants and represents that, because of his varied skill and abilities, he does not need to compete with the Business of Employer in the area described above, in order to make a living. Nothing in this Section will prevent Executive from
owning less than five percent (5%) of the stock of any publicly traded corporation after the termination of his employment as long as Executive is not a participant in the management or affairs of the corporation in a manner that would otherwise
violate any prohibition contained in this Section. 
  

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 Covenant Not to Solicit Employees 
  
 7.02    For one year following his last date of
employment, Executive shall not either directly or indirectly solicit for employment or employ, either on his own behalf or on behalf or any other person or entity, any person who was employed by Employer at any time during the six (6) months prior
to the last date of Executive’s employment with Employer. 
  
 Trade Secrets 
  
 7.03    Employer shall provide Executive with Confidential Information regarding Employer’s business. For the purpose of this provision, “Confidential Information” shall mean all information, in any form,
owned, possessed or used by Employer, that is not generally available to the public (other than as the result of a breach by any person or entity of a contractual, statutory or common law duty of confidentiality), including but not limited to
information pertaining to the financial condition of Employer, its products, processes, properties, assets, inventions, plans, proprietary rights, Customers, markets, technology, know-how, trade secrets, prospects, proposals, concepts and/or other
aspects of the Business of Employer. Accordingly, Executive agrees that he will not, during or after the Term of his employment with Employer, disclose to any person or entity or use any such Confidential Information without the express consent of
Employer. 
  
 Records 
  
 7.04    All files of customers and of Employer and all
records of the accounts of customers, and any other records, memoranda, etc., relating in any manner whatsoever to Employer’s customers, product, the Business of Employer, the Confidential Information, suppliers or prospective customers or
prospective suppliers of Employer, whether prepared by Executive or otherwise coming into his possession, shall be the exclusive property of Employer. All such files and records, both originals and copies, shall be immediately placed in the physical
possession of Employer on or before the last date of Executive’s employment with Employer or at any other time specified by the CEO or Board of Directors. 
  

Breach 
  
 7.05    Executive hereby recognizes and acknowledges that irreparable injury or damage shall result to the Business of Employer in the
event of a breach or threatened breach by Executive of any of the terms or provisions of this Article VII, and Executive therefore agrees that Employer shall be entitled to an injunction restraining Executive from engaging in any activity
constituting such breach or threatened breach. Nothing contained herein shall be construed as prohibiting Employer from pursuing any other remedies available to Employer at law or in equity for such breach or threatened breach, including, but not
limited to, the recovery of damages from Executive. 
  
 Survival 
  
 7.06    Notwithstanding the termination of the employment of Executive or the termination of this Agreement, the provisions of this Article VII shall survive and be binding upon Executive unless a written agreement that
specifically refers to the termination of the obligations and covenants of this Article VII is executed by Employer. 
  

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 ARTICLE VIII 
 MISCELLANEOUS 
  
 Notices 
  
 8.01 Any notices to be given
hereunder by either party to the other may be effected either by personal delivery in writing or by mail, registered or certified, postage prepaid with return receipt requested. Mailed notices shall be addressed to the parties at the following
addresses: 
  
 If to Employer: 
  
 If to Executive: 
  
 Any party may change his or its address by written notice in accordance with
this Section. Notices delivered personally shall be deemed communicated as of actual receipt, mailed notices shall be deemed communicated as of three (3) days after proper mailing. 
  
 Inclusion of Entire Agreement Herein 
  
 8.02    This Agreement supersedes any and all other agreements, either oral or in writing, between the
parties hereto with respect to the employment of Executive by Employer and contains all of the covenants and agreements between the parties with respect to such employment in any manner whatsoever. Any existing employment agreement between Executive
and Employer is hereby terminated effective as of the Effective Date and shall be of no further force or effect from and after the Effective Date. 
  
 Law Governing Agreement 
  
 8.03    This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, and all obligations shall
be performable in the State of Texas. 
  
 Attorney’s
Fees and Costs 
  
 8.04    If any
action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorney’s fees, costs and necessary disbursements in addition to any other relief to which such
party may be entitled. 
  
 Waiver 
  
 8.05    No term or condition of this Agreement shall be
deemed to have been waived nor shall there be any estoppel to enforce any of the terms or provisions of this Agreement except by written instrument of the party charged with such waiver or estoppel. Further, it is agreed that no waiver at any time
of any of the terms or provisions of this Agreement shall be construed as a waiver of any of the other terms or provisions of this Agreement and that a waiver at any time of any of the terms or provisions of this Agreement shall not be construed as
a waiver at any subsequent time of the same terms or provisions. 
  

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 Amendments 
  
 8.06    Except as otherwise provided in Section 8.07, no amendment or modification of this Agreement
shall be deemed effective unless and until executed in writing by all of the parties hereto. 
  
 Severability and Limitation 
  
 8.07    All agreements and covenants contained herein are severable and, in the event any of therein shall be held to be invalid by any competent court, this Agreement shall be interpreted as if
such invalid agreements or covenants were not contained herein. Should any court or other legally constituted authority determine that for any such agreement or covenant to be effective that it must be modified to limit its duration or scope, the
parties hereto shall consider such agreement or covenant to be amended or modified with respect to duration and scope so as to comply with the orders of any such court or other legally constituted authority or to be enforceable under the laws of the
State of Texas, and as to all other portions of such agreement or covenants they shall remain in full force and effect as originally written. 
  
 Mandatory Arbitration 
  
 8.08    All claims, disputes, controversies, differences or misunderstandings between the parties arising out of, or by virtue of this
Agreement or the interpretation of this Agreement which cannot be settled or resolved by the parties hereto shall be settled or determined by binding arbitration under the then-current rules of the American Arbitration Association. The exclusive
jurisdiction for any such arbitration shall be Dallas County, Texas, and each party consents to personal jurisdiction in Dallas County, Texas. Employer shall pay the arbitrator’s fees for any such arbitration unless the arbitrator determines
that any portion of any claim by Executive was frivolous or brought in bad faith, in which case the arbitrator may order Executive to pay all or a portion of the arbitrator’s fees. The arbitrator may award or apportion attorneys’ fees and
costs in his or her judgment. Either party may, however, seek injunctive relief in any court of competent jurisdiction, pending arbitration. Judgment based on the arbitrator’s award may be entered in any court of competent jurisdiction.

  
 Headings 
  
 8.09    All headings set forth in this Agreement are
intended for convenience only and shall not control or affect the meaning, construction or effect of this Agreement or of any of the provisions thereof. 
  
 Assignment 
  
 8.10    Executive agrees that his representations, warranties, covenants, promises and obligations contained herein may be assigned by
Employer to any person, partnership, firm, association, corporation or other business entity to which Employer may transfer its business and assets or any portion thereof. 
  

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 EXECUTED as of the day and year first above written. 
  

	 EMPLOYER:
  

	 PANJA, INC., D/B/A AMX CORPORATION

		
	 By:
	 	 /s/    Scott D. Miller

	 By:
	 	 CEO

  

	 EXECUTIVE:

		
	 By:
	 	 /s/    Jean M. Nelson

	 	 	 

  

 92002 STOCK OPTION AND INCENTIVE PLAN

 Exhibit 10.4 
  
 MEDIA 100 INC. 
  
 2002 STOCK OPTION AND INCENTIVE PLAN 
  
 1. Purpose and Eligibility 
  
 The purpose of this 2002 Stock Option and Incentive Plan (the “Plan”) of Media 100 Inc. (the “Company”) is to provide
stock options and other equity interests in the Company (each an “Award”) to employees, officers, directors, consultants and advisors of the Company and its Subsidiaries, all of whom are eligible to receive Awards under the Plan.
Any person to whom an Award has been granted under the Plan is called a “Participant”. Additional definitions are contained in Section 8. 
  
 2. Administration 
  
 a. Administration by Board of Directors. The Plan will be administered by the Board of Directors of the Company (the “Board”). The
Board, in its sole discretion, shall have the authority to grant and amend Awards, to adopt, amend and repeal rules relating to the Plan and to interpret and correct the provisions of the Plan and any Award. All decisions by the Board shall be final
and binding on all interested persons. Neither the Company nor any member of the Board shall be liable for any action or determination relating to the Plan. 
  
 b. Appointment of Committees. To the extent permitted by applicable law, the Board may delegate any or all of its powers under the Plan to one or
more committees or subcommittees of the Board (a “Committee”). All references in the Plan to the “Board” shall mean such Committee or the Board. 
  
 c. Delegation to Executive Officers. To the extent permitted by applicable law, the Board may delegate to one or more
executive officers of the Company the power to grant Awards and exercise such other powers under the Plan as the Board may determine, provided that the Board shall fix the maximum number of Awards to be granted and the maximum number of
shares issuable to any one Participant pursuant to Awards granted by such executive officers. 
  
 3. Stock Available for Awards 
  
 a. Number of Shares. Subject to adjustment under Section 3(c), the aggregate number of shares of Common Stock of the Company (the “Common
Stock“) that may be issued pursuant to the Plan is 950,000 shares. If any Award expires, or is terminated, surrendered or forfeited, in whole or in part, the unissued Common Stock covered by such Award shall again be available for the grant
of Awards under the Plan. If shares of Common Stock issued pursuant to the Plan are repurchased by, or are surrendered or forfeited to, the Company at no more than cost, such shares of Common Stock shall again be available for the grant of Awards
under the Plan. Shares issued under the Plan may consist in whole or in part of authorized but unissued shares or treasury shares. 

 b. Per-Participant Limit. Subject to adjustment under Section 3(c), no Participant may be granted
Awards during any one fiscal year to purchase more than 500,000 shares of Common Stock. 
  
 c. Adjustment to Common Stock. In the event of any stock split, stock dividend, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, combination, exchange of shares,
liquidation, spin-off, split-up, or other similar change in capitalization or event, (i) the number and class of securities available for Awards under the Plan and the per-Participant share limit, (ii) the number and class of securities, vesting
schedule and exercise price per share subject to each outstanding Option, (iii) the repurchase price per security subject to repurchase, and (iv) the terms of each other outstanding stock-based Award shall be adjusted by the Company (or substituted
Awards may be made) to the extent the Board shall determine, in good faith, that such an adjustment (or substitution) is appropriate. If Section 7(e)(i) applies for any event, this Section 3(c) shall not be applicable. 
  
 4. Stock Options 
  
 a. General. The Board may grant options to purchase Common Stock
(each, an “Option”) and determine the number of shares of Common Stock to be covered by each Option, the exercise price of each Option and the conditions and limitations applicable to the exercise of each Option and the Common Stock
issued upon the exercise of each Option, including vesting provisions, repurchase provisions and restrictions relating to applicable federal or state securities laws, as it considers advisable. 
  
 b. Incentive Stock Options. An Option that the Board intends to be an
“incentive stock option” as defined in Section 422 of the Code (an “Incentive Stock Option”) shall be granted only to employees of the Company and shall be subject to and shall be construed consistently with the
requirements of Section 422 of the Code. The Board and the Company shall have no liability if an Option or any part thereof that is intended to be an Incentive Stock Option does not qualify as such. An Option or any part thereof that does not
qualify as an Incentive Stock Option is referred to herein as a “Nonstatutory Stock Option.” 
  
 c. Exercise Price. The Board shall establish the exercise price (or determine the method by which the exercise price shall be determined) at the
time each Option is granted and specify it in the applicable option agreement. 
  
 d. Duration of Options. Each Option shall be exercisable at such times and subject to such terms and conditions as the Board may specify in the applicable option agreement. 
  
 e. Exercise of Option. Options may be exercised only by delivery to
the Company of a written notice of exercise signed by the proper person together with payment in full as specified in Section 4(f) for the number of shares for which the Option is exercised. 
  
 f. Payment Upon Exercise. Common Stock purchased upon the exercise of
an Option shall be paid for by one or any combination of the following forms of payment: 

 (i) by check payable to the order of the Company; 
  
 (ii) except as otherwise explicitly provided in the applicable option
agreement, and only if the Common Stock is then publicly traded, delivery of an irrevocable and unconditional undertaking by a creditworthy broker to deliver promptly to the Company sufficient funds to pay the exercise price, or delivery by the
Participant to the Company of a copy of irrevocable and unconditional instructions to a creditworthy broker to deliver promptly to the Company cash or a check sufficient to pay the exercise price; or 
  
 (iii) to the extent explicitly provided in the applicable option agreement,
by (x) delivery of shares of Common Stock owned by the Participant valued at fair market value (as determined by the Board or as determined pursuant to the applicable option agreement), (y) delivery of a promissory note of the Participant to the
Company (and delivery to the Company by the Participant of a check in an amount equal to the par value of the shares purchased), or (z) payment of such other lawful consideration as the Board may determine. 
  
 5. Restricted Stock 
  
 a. Grants. The Board may grant Awards entitling recipients to acquire
shares of Common Stock, subject to (i) delivery to the Company by the Participant of a check in an amount at least equal to the par value of the shares purchased, and (ii) the right of the Company to repurchase all or part of such shares at their
issue price or other stated or formula price from the Participant in the event that conditions specified by the Board in the applicable Award are not satisfied prior to the end of the applicable restriction period or periods established by the Board
for such Award (each, a “Restricted Stock Award”). 
  
 b. Terms and Conditions. The Board shall determine the terms and conditions of any such Restricted Stock Award. Any stock certificates issued in respect of a Restricted Stock Award shall be registered in the name of the Participant
and, unless otherwise determined by the Board, deposited by the Participant, together with a stock power endorsed in blank, with the Company (or its designee). After the expiration of the applicable restriction periods, the Company (or such
designee) shall deliver the certificates no longer subject to such restrictions to the Participant or, if the Participant has died, to the beneficiary designated by a Participant, in a manner determined by the Board, to receive amounts due or
exercise rights of the Participant in the event of the Participant’s death (the “Designated Beneficiary”). In the absence of an effective designation by a Participant, Designated Beneficiary shall mean the Participant’s
estate. 
  
 6. Other Stock-Based Awards

  
 The Board shall have the right to grant other Awards based
upon the Common Stock having such terms and conditions as the Board may determine, including, without limitation, the grant of shares based upon certain conditions, the grant of securities convertible into Common Stock and the grant of stock
appreciation rights, phantom stock awards or stock units. 

 7. General Provisions Applicable to Awards 
  
 a. Transferability of Awards. Except as the Board may otherwise
determine or provide in an Award, Awards shall not be sold, assigned, transferred, pledged or otherwise encumbered by the person to whom they are granted, either voluntarily or by operation of law, except by will or the laws of descent and
distribution, and, during the life of the Participant, shall be exercisable only by the Participant. References to a Participant, to the extent relevant in the context, shall include references to authorized transferees. 
  
 b. Documentation. Each Award under the Plan shall be evidenced by a
written instrument in such form as the Board shall determine or as executed by an officer of the Company pursuant to authority delegated by the Board. Each Award may contain terms and conditions in addition to those set forth in the Plan provided
that such terms and conditions do not contravene the provisions of the Plan. 
  
 c. Board Discretion. The terms of each type of Award need not be identical, and the Board need not treat Participants uniformly. 
  
 d. Termination of Status. The Board shall determine the effect on an Award of the disability, death, retirement,
authorized leave of absence or other change in the employment or other status of a Participant and the extent to which, and the period during which, the Participant, or the Participant’s legal representative, conservator, guardian or Designated
Beneficiary, may exercise rights under the Award. 
  
 e.
Acquisition of the Company 
  
 (i) Consequences of an
Acquisition. Upon the consummation of an Acquisition, the Board or the board of directors of the surviving or acquiring entity (as used in this Section 7(e)(i), also the “Board”), shall, as to outstanding Awards (on the same
basis or on different bases, as the Board shall specify), make appropriate provision for the continuation of such Awards by the Company or the assumption of such Awards by the surviving or acquiring entity and by substituting on an equitable basis
for the shares then subject to such Awards either (a) the consideration payable with respect to the outstanding shares of Common Stock in connection with the Acquisition, (b) shares of stock of the surviving or acquiring corporation, or (c) such
other securities or other consideration as the Board deems appropriate, the fair market value of which (as determined by the Board in its sole discretion) shall not materially differ from the fair market value of the shares of Common Stock subject
to such Awards immediately preceding the Acquisition. In addition to or in lieu of the foregoing, with respect to outstanding Options, the Board may, on the same basis or on different bases as the Board shall specify, upon written notice to the
affected optionees, provide that one or more one or more Options then outstanding shall become immediately exercisable in full and that such Options must, be exercised in whole or in part within a specified number of days of the date of such notice,
at the end of which period such Options shall terminate, or provide that one or more one or more Options then outstanding, in whole or in part, shall become immediately exercisable in full and shall be terminated in exchange for a cash payment equal
to the excess of the fair market value (as determined by the Board in its sole discretion) for the shares subject to such Options over the exercise price thereof; provided, however,; in the event of the acceleration of the exercisability of one or
more outstanding Options, the Board may provide, as a condition of full exercisability or any or all such Options, that the Common Stock as to which exercisability has been accelerated 

 shall be restricted stock subject to forfeiture and repurchase at the option of the Company at the cost thereof upon
termination of employment or other relationship, with the timing and other terms of the vesting of such restricted stock being equivalent to the timing and other terms of the superseded exercise schedule of the related Option. that before
terminating any portion of an Option that is not vested or exercisable (other than in exchange for a cash payment), the Board must first accelerate in full the exercisability of the portion that is to be terminated. Unless otherwise determined by
the Board (on the same basis or on different bases as the Board shall specify), any repurchase rights or other rights of the Company that relate to an Option or other Award shall continue to apply to consideration, including cash, that has been
substituted, assumed or amended for an Option or other Award pursuant to this paragraph. The Company may hold in escrow all or any portion of any such consideration in order to effectuate any continuing restrictions. 
  
 (C) Acquisition Defined. An “Acquisition“ shall
mean: (x) the sale of the Company by merger in which the shareholders of the Company in their capacity as such no longer own a majority of the outstanding equity securities of the Company (or its successor); or (y) any sale of all or substantially
all of the assets or capital stock of the Company (other than in a spin-off or similar transaction) or (z) any other acquisition of the business of the Company, as determined by the Board. 
  
 (ii) Acquisition Defined. An “Acquisition” shall
mean: (x) any merger, consolidation or other reorganization of the outstanding capital securities of the Company in which the holders of the outstanding voting securities of the Company immediately preceding the consummation of such event, shall,
immediately following such event, hold, as a group, less than a majority of the outstanding voting securities of the surviving or successor entity; or (y) any acquisition (other than by merger or consolidation) of more than 50% of the outstanding
voting securities of the Company in one or a series of related transactions by any person or group that did not beneficially own more than 10% of the voting securities of the Company prior to such acquisition; or (z) any sale, lease, transfer or
other disposition (other than by merger or consolidation) of all or substantially all of the assets of the Company (other than in a spin-off or similar transaction to the Company’s existing voting securityholders). 
  
 (iii) Assumption of Options Upon Certain Events. In connection with a
merger or consolidation of an entity with the Company or the acquisition by the Company of property or stock of an entity, the Board may grant Awards under the Plan in substitution for stock and stock-based awards issued by such entity or an
affiliate thereof. The substitute Awards shall be granted on such terms and conditions as the Board considers appropriate in the circumstances. 
  
 f. Withholding. Each Participant shall pay to the Company, or make provisions satisfactory to the Company for payment of, any taxes required by law
to be withheld in connection with Awards to such Participant no later than the date of the event creating the tax liability. The Board may allow Participants to satisfy such tax obligations in whole or in part by transferring shares of Common Stock,
including shares retained from the Award creating the tax obligation, valued at their fair market value (as determined by the Board or as determined pursuant to the applicable option agreement). The Company may, to the extent permitted by law,
deduct any such tax obligations from any payment of any kind otherwise due to a Participant. 

 g. Amendment of Awards. The Board may amend, modify or terminate any outstanding Award including,
but not limited to, substituting therefor another Award of the same or a different type, changing the date of exercise or realization, and converting an Incentive Stock Option to a Nonstatutory Stock Option, provided that, the
Participant’s consent to such action shall be required unless the Board determines that the action, taking into account any related action, would not materially and adversely affect the Participant. 
  
 h. Conditions on Delivery of Stock. The Company will not be obligated
to deliver any shares of Common Stock pursuant to the Plan or to remove restrictions from shares previously delivered under the Plan until (i) all conditions of the Award have been met or removed to the satisfaction of the Company, (ii) in the
opinion of the Company’s counsel, all other legal matters in connection with the issuance and delivery of such shares have been satisfied, including any applicable securities laws and any applicable stock exchange or stock market rules and
regulations, and (iii) the Participant has executed and delivered to the Company such representations or agreements as the Company may consider appropriate to satisfy the requirements of any applicable laws, rules or regulations. 
  
 i. Acceleration. The Board may at any time provide that any Options
shall become immediately exercisable in full or in part, that any Restricted Stock Awards shall be free of some or all restrictions, or that any other stock-based Awards may become exercisable in full or in part or free of some or all restrictions
or conditions, or otherwise realizable in full or in part, as the case may be, despite the fact that the foregoing actions may (i) cause the application of Sections 280G and 4999 of the Code if a change in control of the Company occurs, or (ii)
disqualify all or part of the Option as an Incentive Stock Option. In the event of the acceleration of the exercisability of one or more outstanding Options, including pursuant to paragraph (e)(i), the Board may provide, as a condition of full
exercisability of any or all such Options, that the Common Stock or other substituted consideration, including cash, as to which exercisability has been accelerated shall be restricted stock subject to forfeiture back to the Company at the option of
the Company at the cost thereof upon termination of employment or other relationship, with the timing and other terms of the vesting of such restricted stock or other consideration being equivalent to the timing and other terms of the superseded
exercise schedule of the related Option. 
  
 8.
Miscellaneous 
  
 a. Definitions. 
  
 (i) “Company,” for purposes of eligibility under the Plan,
shall include any present or future subsidiary corporations of Media100 Inc., as defined in Section 424(f) of the Code (a “Subsidiary”), and any present or future parent corporation of Media 100 Inc., as defined in Section 424(e) of
the Code. For purposes of Awards other than Incentive Stock Options, the term “Company” shall include any other business venture in which the Company has a direct or indirect significant interest, as determined by the Board in its
sole discretion. 
  
 (ii) “Code” means the
Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder. 

 (iii) “Employee” for purposes of eligibility under the Plan (but not for purposes of
Section 4(b)) shall include a person to whom an offer of employment has been extended by the Company. 
  
 b. No Right To Employment or Other Status. No person shall have any claim or right to be granted an Award, and the grant of an Award shall not be
construed as giving a Participant the right to continued employment or any other relationship with the Company. The Company expressly reserves the right at any time to dismiss or otherwise terminate its relationship with a Participant free from any
liability or claim under the Plan. 
  
 c. No Rights As
Stockholder. Subject to the provisions of the applicable Award, no Participant or Designated Beneficiary shall have any rights as a stockholder with respect to any shares of Common Stock to be distributed with respect to an Award until becoming
the record holder thereof. 
  
 d. Effective Date and Term of
Plan. The Plan shall become effective on the date on which it is adopted by the Board. No Awards shall be granted under the Plan after the completion of ten years from the date on which the Plan was adopted by the Board, but Awards previously
granted may extend beyond that date. 
  
 e. Amendment of
Plan. The Board may amend, suspend or terminate the Plan or any portion thereof at any time. 
  
 f. Governing Law. The provisions of the Plan and all Awards made hereunder shall be governed by and interpreted in accordance with the laws of
Delaware, without regard to any applicable conflicts of law. 
  
 Adopted by the Board of Directors on 
 January 23, 2002

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