Document:

Description of the Fiscal Year 2007 Executive Bonus Plan

 Exhibit 10.28 
 Description of the Fiscal Year 2007 Executive Bonus Plan 
 Eligibility. Participants in the Bonus Plan are chosen solely at the
discretion of the Compensation Committee. Our Chairman, Chief Executive Officer, our Presidents, all of our Executive Vice Presidents and certain of our Senior Vice Presidents are eligible to be considered for participation in the Bonus Plan. As of
August 15, 2006, there were 12 persons chosen to participate for fiscal year 2007. No person is automatically entitled to participate in the Bonus Plan in any Bonus Plan year. We may also pay discretionary bonuses, or other types of
compensation, outside the Bonus Plan which may or may not be deductible. However, no employee has a guaranteed right to such discretionary compensation as a substitute for a performance award in the event that performance targets are not met or that
stockholders fail to approve the material terms of the Bonus Plan. 
 History. The Compensation Committee approved the adoption of the Bonus Plan,
which is part of the overall compensation program for our executives, at a meeting held on August 15, 2006. 
 Purpose. The purpose of the Bonus
Plan is to motivate the participants to achieve our financial performance objectives and to reward them when those objectives are met with bonuses that are intended to be deductible to the maximum extent possible as “performance-based
compensation” within the meaning of Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”). 
 Administration. The Bonus Plan will be administered by the Compensation Committee, consisting of no fewer than two members of the Board, each of whom qualifies as an “outside director” within the meaning of
Section 162(m) of the Code. 
 Determination of Awards. Under the Bonus Plan, participants will be eligible to receive awards based upon the
attainment, in fiscal year 2007, and certification of certain performance criteria established by the Compensation Committee. For fiscal year 2007: 
  

	 	(a)	Mr. Ellison, our Chief Executive Officer; Mr. Henley, our Chairman of the Board; Ms. Catz, a President and our Chief Financial Officer; and Mr. Phillips, a
President, will each receive an award based on Oracle’s improvement in its pre-tax profit on a non-GAAP basis from fiscal year 2006 to fiscal year 2007; 

  

	 	(b)	each Executive Vice President and one Senior Vice President directly responsible for sales and consulting (collectively, the “Sales and Consulting Participants”) will
receive an award based upon growth in license revenues, customer relationship management On Demand revenues and outsourcing bookings (i.e., contracts signed associated with our On Demand business) in their respective areas of responsibility from
fiscal year 2006 to fiscal year 2007 and upon reaching and exceeding targets with respect to licensing, outsourcing and consulting margins in their respective areas of responsibility for fiscal year 2007; and 

  

	 	(c)	each Executive Vice President and two Senior Vice Presidents not directly responsible for sales or consulting will receive an award based on improvement in profit or license sales
growth in their respective areas of responsibility from fiscal year 2006 to fiscal year 2007. 

 The Compensation Committee
adopted the performance criteria on August 15, 2006, within 90 days after the start of fiscal year 2007. Each Sales and Consulting Participant’s total bonus under the Bonus Plan is calculated by summing the applicable bonus for each
target. For all participants, the applicable bonus for their target or targets is related to the amount by which each target is exceeded or missed. If the target bonus calculation results in a negative number, the bonus for such target is zero. The
details of each of the formulas with respect to the criteria have not been included in this proxy statement in order to maintain the confidentiality of our revenue, profit and margin expectations, which we believe are confidential commercial or
business information, the disclosure of which would adversely affect Oracle. In the event of the termination or resignation of a participant during fiscal year 2007, we intend to have the person who assumes the responsibilities of that participant
assume the same bonus structure as that participant, but adjusted, as determined by the Compensation Committee, to take into account that such person did not serve in that capacity for the entire fiscal year. 

 Payment of Awards. All awards will be paid by August 15, 2007, unless a participant has requested to defer
receipt of an award in accordance with the Oracle’s Deferred Compensation Plan. 
 Maximum Award. The amounts that will be paid pursuant to the
Bonus Plan are not currently determinable. The maximum bonus payment that our Chief Executive Officer may receive under the Bonus Plan for fiscal year 2007 would be $11,269,000. The maximum bonus payment that any other participant may receive under
the Bonus Plan for fiscal year 2007 is based on a fixed multiple of a target bonus for such participant and would be less than the maximum bonus payment that our Chief Executive Officer may receive under the Bonus Plan. 
 Amendment and Termination. The Compensation Committee may terminate the Bonus Plan, in whole or in part, suspend the Bonus Plan, in whole or in part from time to
time, and amend the Bonus Plan, from time to time, including the adoption of amendments deemed necessary or desirable to correct any defect or supply omitted data or reconcile any inconsistency in the Bonus Plan or in any award granted thereunder,
so long as stockholder approval has been obtained, if required in order for awards under the Bonus Plan to qualify as “performance-based compensation” under Section 162(m) of the Code. The Compensation Committee may amend or modify
the Bonus Plan in any respect, or terminate the Bonus Plan, without the consent of any affected participant. However, in no event may such amendment or modification result in an increase in the amount of compensation payable pursuant to any award.

 Termination of Employment. In order to be eligible for an award under the Bonus Plan, a participant must be actively employed by us through the
date of payment. Should a participant’s employment with us terminate for any reason prior to the date of payment, the participant shall not be eligible for any award under the Bonus Plan. 
 Federal Income Tax Consequences. Under present federal income tax law, participants will realize ordinary income equal to the amount of the award received in the
year of receipt. That income will be subject to applicable income and employment tax withholding by Oracle. We will receive a deduction for the amount constituting ordinary income to the participant, provided that the Bonus Plan satisfies the
requirements of Section 162(m) of the Code, which limits the deductibility of nonperformance-related compensation paid to certain corporate executives, and otherwise satisfies the requirements for deductibility under federal income tax law.Amended and Restated 1993 Directors' Stock Plan

 Exhibit 10.29 
 ORACLE CORPORATION 
 AMENDED AND RESTATED 1993 DIRECTORS’ STOCK PLAN 
 (As amended and restated on October 9, 2006) 
  

	1.	Establishment and Purpose.  

  

	 	(a)	Establishment. There is hereby adopted the Amended and Restated 1993 Directors’ Stock Plan (the “Plan”) of Oracle Corporation, a Delaware corporation
(the “Company”), which amends and restates the 1993 Directors’ Stock Option Plan which was originally adopted May 24, 1993, and was amended and restated on October 13, 2003. The Plan is intended to provide a means whereby
eligible members of the Board of Directors of the Company may be given an opportunity to acquire shares of Common Stock of the Company. 

  

	 	(b)	Purpose. The purpose of the Plan is to enable the Company to attract and retain the best available individuals for service as members of the Board of Directors of the
Company, to provide additional incentive to such individuals while serving as directors, and to encourage their continued service on the Board of Directors. 

  

	2.	Definitions.  

 As used herein, the following
definitions shall apply: 
  

	 	(a)	“Award” shall mean any Option or other stock-based award granted hereunder. 

  

	 	(b)	“Board” shall mean the Board of Directors of the Company. 

  

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

  

	 	(d)	“Committee” shall mean the Committee or Committees referred to in Section 4 of the Plan. If at any time no Committee shall be in office or appointed by the
Board to administer the Plan, then the functions of the Committee specified in the Plan shall be exercised by the Board. 

  

	 	(e)	“Common Stock” shall mean the Common Stock, $.01 par value per share, of the Company. 

  

	 	(f)	“Company” shall mean Oracle Corporation, a Delaware corporation. 

  

	 	(g)	“Continuous Status as a Director” shall mean the absence of any interruption or termination of service as a Director. 

  

	 	(h)	“Director” shall mean a member of the Board. 

  

	 	(i)	“Employee” shall mean any person, including any officer or Director, who is an employee of the Company, or any Subsidiary of the Company, for purposes of tax
withholding under the Code. The payment of a director’s fee by the Company shall not be sufficient in and of itself to constitute “employment” by the Company. 

  

	 	(j)	“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

  

	 	(k)	“Fair Market Value” shall mean, as of any date, the value of Common Stock determined as follows, unless otherwise determined by the Committee:

  

	 	(i)	the last reported sale price of the Common Stock of the Company on NASDAQ or, if no such reported sale takes place on any such day, the average of the closing bid and asked prices,
or 

	 	(ii)	if such Common Stock shall then be listed on another national securities exchange, the last reported sale price or, if no such reported sale takes place on any such day, the average
of the closing bid and asked prices on the principal national securities exchange on which the Common Stock is listed or admitted to trading, or 

  

	 	(iii)	if such Common Stock shall not be quoted on NASDAQ nor listed or admitted to trading on another national securities exchange, then the average of the closing bid and asked prices,
as reported by The Wall Street Journal for the over-the-counter market, or 

  

	 	(iv)	if none of the foregoing is applicable, then the Fair Market Value of a share of Common Stock shall be determined in good faith by the Committee in its discretion.

  

	 	(l)	“Option” shall mean an option to purchase shares of Common Stock granted pursuant to the Plan. All Options granted hereunder are not intended to qualify as
incentive stock options under Section 422 of the Code. 

  

	 	(m)	“Optioned Stock” shall mean the Common Stock subject to an Option. 

  

	 	(n)	“Optionee” shall mean an Outside Director who receives an Option. 

  

	 	(o)	“Outside Director” shall mean a Director who is not an Employee. 

  

	 	(p)	“Participant” shall mean an Outside Director who receives an Award hereunder. 

  

	 	(q)	“Securities Act” shall mean the Securities Act of 1933, as amended. 

  

	 	(r)	“Share” shall mean a share of the Common Stock, as adjusted in accordance with Section 12 of the Plan. 

  

	 	(s)	“Subsidiary” shall mean a “subsidiary corporation”, whether now or hereafter existing, as defined in Section 424(f) of the Code.

  

	3.	Shares Subject to the Plan.  

 Subject to the
provisions of Section 12 of the Plan, the maximum number of Shares which may be issued under the Plan after July 14, 2003 (including pursuant to the exercise of Options outstanding as of such date) is 8,000,000 shares of Common Stock, of
which not more than an aggregate of 1,800,000 Shares shall be available for Awards granted pursuant to Section 5(d) of the Plan. If an Award granted hereunder expires, terminates, becomes unexercisable or is forfeited for any reason, the
underlying Shares shall become available for future grant under the Plan. 
  

	4.	Administration of the Plan.  

  

	 	(a)	Administrator. The Plan shall be administered by the Board or by the Committee appointed by the Board, which shall consist of two or more members of the Board.

  

	 	(b)	Powers of the Committee. Subject to the provisions and restrictions of the Plan, the Committee shall have the authority, in its discretion, to: (i) determine the Fair
Market Value of the Common Stock; (ii) determine the exercise price per Share; (iii) interpret the Plan; (iv) subject to Section 13, amend the Plan or any Award; (v) authorize any person to execute on behalf of the Company
any agreements or other documents in connection with the grant of an Award under the Plan; (vi) approve forms of agreement for use under the Plan; and (vii) make all other determinations deemed necessary or advisable for the administration
of the Plan. 

	 	(c)	Effects of Committee’s Decision. All decisions, determinations and interpretations of the Committee shall be final and binding on all holders of any Awards granted under
the Plan. 

  

	5.	Option grants.  

  

	 	(a)	Automatic Grants. All grants of Options hereunder shall be automatic and nondiscretionary and shall be made in accordance with the provisions of this Section 5, as may
be amended by the Board or the Committee from time to time. 

  

	 	(b)	Initial Grants. As of the date on which any individual becomes an Outside Director, such individual shall be granted automatically an Option to purchase 60,000 shares.

  

	 	(c)	Subsequent Grants.  

  

	 	(i)	On May 31 of each year after May 31, 2006, each Outside Director shall be granted automatically an option to purchase 45,000 shares, provided that on such date the Outside
Director has served on the Board for at least six months. 

  

	 	(ii)	On May 31 of each year after May 31, 2006, the Chairman of the Finance and Audit Committee shall be granted automatically an Option to purchase 45,000 shares, provided
that on such grant date the Outside Director has served on the Finance and Audit Committee for at least one year. If such Outside Director has served on the Finance and Audit Committee for less than one year from such grant date, such Outside
Director shall be granted automatically an Option to purchase a pro rata amount of 45,000 shares based on the number of complete calendar months that such Outside Director served on the Finance and Audit Committee during the one year prior to such
grant date. This grant shall be in addition to the options granted under any other provision of Section 5(c) hereof. 

  

	 	(iii)	On May 31 of each year after May 31, 2006, the Chairman of the Compensation Committee shall be granted automatically an Option to purchase 30,000 shares, provided that on
such date the Outside Director has served on the Compensation Committee for at least one year. If such Outside Director has served on the Compensation Committee for less than one year from such grant date, such Outside Director shall be granted
automatically an Option to purchase a pro rata amount of 30,000 shares based on the number of complete calendar months that such Outside Director served on the Compensation Committee during the one year prior to such grant date. This grant shall be
in addition to the options granted under any other provision of Section 5(c) hereof. 

  

	 	(iv)	On May 31 of each year after May 31, 2006, the Chairman of the Nomination and Governance Committee shall be granted automatically an Option to purchase 15,000 shares,
provided that on such date the Outside Director has served on the Nomination and Governance Committee for at least one year. If such Outside Director has served on the Nomination and Governance Committee for less than one year from such grant date,
such Outside Director shall be granted automatically an Option to purchase a pro rata amount of 15,000 shares based on the number of complete calendar months that such Outside Director served on the Nomination and Governance Committee during the one
year prior to such grant date. This grant shall be in addition to the options granted under any other provision of Section 5(c) hereof. 

  

	 	(v)	On May 31 of each year after May 31, 2006, the Chairman of the Executive Committee shall be granted automatically an Option to purchase 15,000 shares, provided that on
such date the Outside Director has served on the Executive Committee for at least one year. If such Outside Director has served on the Executive Committee for less than one year from such grant date, such Outside Director shall be granted
automatically an Option to purchase a pro rata amount of 15,000 shares based on the number of complete calendar months that such Outside Director served on the Executive Committee during the one year prior to such grant date. This grant shall be in
addition to the options granted under any other provision of Section 5(c) hereof. 

	 	(vi)	On May 31 of each year after May 31, 2006, the Vice Chairman of the Finance and Audit Committee shall be granted automatically an Option to purchase 30,000 shares,
provided that on such date the Outside Director has served on the Finance and Audit Committee for at least six months. If such Outside Director has served on the Finance and Audit Committee for less than six months from such grant date, such Outside
Director shall be granted automatically an Option to purchase a pro rata amount of 30,000 shares based on the number of complete calendar months that such Outside Director served on the Finance and Audit Committee during the six months prior to such
grant date. This grant shall be in addition to the options granted under any other provision of Section 5(c) hereof. 

  

	 	(d)	Other Stock Awards. The Board shall have the discretion to grant awards of restricted stock, restricted stock units, deferred shares or other stock-based awards in lieu of
the automatic Option grants (in whole or in part) pursuant to paragraphs (b) and (c) above. The number of Shares subject to any such stock award granted pursuant to the foregoing sentence shall have an equivalent value, as determined on
any reasonable basis by the Board, to the number of Options that would have been granted. Any such stock award shall be subject to similar terms as would apply to options granted under paragraphs (b) and (c) with respect to vesting or
forfeiture schedules, treatment on termination of status as director, and transfer restrictions. Subject to the foregoing limitations and the provisions of the Plan, the terms and conditions of any such stock awards shall be set forth in the
applicable award agreement as determined by the Board. 

  

	 	(e)	Limitations.  

  

	 	(i)	Notwithstanding the provisions of Sections 5(b) and 5(c) hereof, in the event that a sufficient number of Shares is not available under the Plan for the grant of Awards, the
remaining Shares shall be prorated based upon the number of Shares each Director was entitled to receive under this Plan. Any further grants shall then be deferred until such time, if any, as additional Shares become available for grant under the
Plan. Subject to the terms of Section 13 hereof, the Board shall have the authority at any time to make additional Shares available for grant under the Plan, subject to obtaining stockholder approval of such increase to the extent required
under Section 13(a) hereof. 

  

	 	(ii)	Notwithstanding the provisions of Section 5(b) and 5(c) hereof, any grant made before the Company has obtained stockholder approval of the Plan, and any grant made after
amendment of the Plan where such amendment of the Plan requires stockholder approval under Section 13(a) hereof, shall be conditioned upon obtaining such stockholder approval. 

  

	6.	Terms and Conditions of Options. 

  

	 	(a)	Stock Option Agreement. Each Option granted pursuant to this Plan shall be evidenced by a stock option agreement (“Option Agreement”) containing such terms and
conditions that are consistent with this Plan and as otherwise determined by the Committee. 

  

	 	(b)	Exercise Price. The exercise price per share shall be 100% of the Fair Market Value per Share on the date of grant of the Option, subject to adjustment to the extent provided
in Section 12 hereof. 

  

	 	(c)	Vesting. Unless otherwise determined by the Committee, the Shares shall vest and become exercisable at the rate of twenty-five percent (25%) of the Optioned Stock on
each anniversary of the date of grant. 

  

	 	(d)	Term. The term of each Option shall be ten (10) years from the date of grant, unless (i) a shorter period is required to comply with any applicable law, in which
case such shorter period will apply or (ii) the Committee determines that a term of less than ten years shall apply. 

 7.
Eligibility. Awards hereunder may be granted only to Outside Directors. The Plan shall not confer upon any Outside Director any right with respect to continuation of service as a Director or nomination to serve as a Director, nor shall it
interfere in any way with any rights which the Director or the Company may have to terminate his or her directorship at any time. 

 8. Payment Upon Exercise. Payment of the exercise price of any Award shall be made (i) by cash or check;
(ii) to the extent not prohibited by the Board or by applicable law, and provided that a public market for the Company’s stock exists, through a “same day sale” commitment from the Participant and a broker-dealer that is a member
of the National Association of Securities Dealers (an “NASD Dealer”) whereby Participant irrevocably elects to exercise the Award and to sell a portion of the Shares so purchased to pay for the exercise price and whereby the NASD Dealer
irrevocably commits upon receipt of such Shares to forward the exercise price directly to the Company; or (iii) as otherwise determined by the Board and as permitted by applicable law or regulation. 
 9. Withholding Taxes. Whenever, under the Plan, Shares are to be issued pursuant to any Award granted hereunder, the Company shall have the right to require the
recipient to remit to the Company an amount of cash sufficient to satisfy any applicable federal, state or local income and employment tax withholding requirements prior to the delivery of any certificate or certificates for such Shares. 

 

	10.	Exercise of Options. 

  

	 	(a)	Procedure for Exercise. An Option shall be deemed to be exercised when written notice of such exercise has been given to the Company in accordance with the terms of the
Option Agreement by the person entitled to exercise the Option and full payment for the Shares has been received by the Company in accordance with Section 8 hereof. An Option may not be exercised for a fraction of a Share.

  

	 	(b)	Rights as a Stockholder. Notwithstanding the exercise of the Option, until the issuance (as evidenced by the appropriate entry on the books of a duly authorized transfer
agent of the Company) of the stock certificate evidencing such Shares, no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to the Optioned Stock. A stock certificate for the number of Shares so
acquired shall be issued to the Optionee as soon as practicable after exercise of the Option. No adjustment will be made for a dividend or other right if the record date is prior to the date the stock certificate is issued. 

 

	 	(c)	Termination of Status as Director. Except as set forth in Section 10(d) or (e), if an Outside Director ceases to serve as a Director, he or she may, but only within
three (3) months (or such other period of time not exceeding six (6) months as is determined by the Board) after the date he or she ceases to be a Director of the Company, exercise his or her Option to the extent that he or she was
entitled to exercise it at the date of such termination. Notwithstanding the foregoing, in no event may the Option be exercised after its term set forth in Section 6 has expired. To the extent that such Outside Director was not entitled to
exercise an Option at the date of termination, or if such Outside Director does not exercise such Option (which he or she was entitled to exercise) within the time specified, the Option shall terminate. 

  

	 	(d)	Disability of Director. Notwithstanding the provisions of Section 10(c) above, in the event an Outside Director is unable to continue his or her service as a Director
with the Company as a result of his or her total and permanent disability (as defined in Section 22(e)(3) of the Code), he or she may, within six months from the date of such termination, exercise his or her Option to the extent he or she was
entitled to exercise it at the date of such termination. Notwithstanding the foregoing, in no event may the Option be exercised after the expiration of the term set forth in Section 6. To the extent that Optionee was not entitled to exercise
the Option at the date of termination, or if Optionee does not exercise such Option (which he or she was entitled to exercise) within the time specified herein, the Option shall terminate. 

  

	 	(e)	Death of Optionee. In the event of the death of an Outside Director: 

  

	 	(i)	If the Outside Director dies during the term of the Option, is a Director at the time of his or her death and has been in Continuous Status as a Director since the date of grant of
the Option, the Option may be exercised at any time within six (6) months following the date of death by the Outside Director’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the
extent the Outside Director was entitled to exercise the Option at the date of termination. Notwithstanding the foregoing, in no event may the Option be exercised after the expiration of the term set forth in Section 6.

	 	(ii)	If the Outside Director dies within three (3) months after the termination of Continuous Status as a Director, the Option may be exercised at any time within six
(6) months following the date of death by the Optionee’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Outside Director was entitled to exercise the Option at the
date of termination. Notwithstanding the foregoing, in no event may the Option be exercised after the expiration of the term set forth in Section 6. 

 11. Nontransferability of Awards. Awards granted under this Plan, and any interest therein, shall not be transferable or assignable by the Participant, and may not be made subject to execution, attachment or
similar process, otherwise than by will or by the laws of descent and distribution, and shall be exercisable during the lifetime of the Participant only by the Participant; provided, however; that Awards held by a Participant may be transferred to
such family members, trusts and charitable institutions as the Committee, in its sole discretion, shall approve, unless otherwise restricted from such transfer under the terms of the Award. The designation of a beneficiary by a Participant does not
constitute a transfer. 
  

	12.	Adjustment Upon Changes in Capitalization. 

  

	 	(a)	Adjustment of Shares. In the event that the number of outstanding shares of Common Stock of the Company is changed by a stock dividend, stock split, reverse stock split,
combination, reclassification or similar change in the capital structure of the Company without consideration, the number of Shares available under this Plan, the number of Shares deliverable in connection with any Award and, if applicable, the
exercise price per Share thereof shall be proportionately adjusted, subject to any required action by the Board or stockholders of the Company and compliance with applicable securities laws; provided however, that no certificate or scrip
representing fractional shares shall be issued and any resulting fractions of a share shall be ignored. 

  

	 	(b)	Change of Control. In the event of a dissolution or liquidation of the Company, a merger in which the Company is not the surviving corporation (other than a merger with a
wholly owned subsidiary or where there is no substantial change in the stockholders of the Company and the obligations of the Company under this Plan are assumed by the successor corporation), the sale of substantially all of the assets of the
Company, or any other transaction described under Section 424(a) of the Code wherein the stockholders of the Company give up all of their equity interest in the Company (except for the acquisition of all or substantially all of the outstanding
shares of the Company), all outstanding Awards, notwithstanding any contrary terms of the Plan, shall accelerate and become vested and exercisable in full prior to and shall expire on the consummation of such dissolution, liquidation, merger or sale
of assets. 

  

	 	(c)	Acceleration Upon Unfriendly Takeover. Notwithstanding anything in Section 12(b) hereof to the contrary, if fifty percent (50%) or more of the outstanding voting
securities of the Company become beneficially owned (as defined in Rule 13d-3 promulgated by the Securities and Exchange Commission) by a person (as defined in Section 2(2) of the Securities Act and in Section 13(d)(3) of the Exchange Act)
in a transaction or series of transactions expressly disapproved by the Board, then all outstanding Awards under this Plan shall become immediately vested and exercisable with no further act or action required by the Committee.

  

	13.	Amendment and Termination of the Plan. 

  

	 	(a)	Amendment. The Board or the Committee may amend the Plan from time to time in such respects as the Board or the Committee, as the case may be, may deem advisable; provided
that, to the extent necessary to comply with any applicable law or regulation, the Company shall obtain approval of the Company’s stockholders to amend the Plan to the extent and in the manner required by such law or regulation.

  

	 	(b)	Termination or Suspension. Unless sooner terminated pursuant to this Section 13, the Plan shall terminate on the date that all shares of Common Stock reserved for
issuance under the Plan have been issued. The Committee, without further approval of the stockholders, may at any time terminate or suspend the Plan. Except as otherwise provided herein, any such termination or suspension of the Plan shall not
affect Awards already granted hereunder and such Awards shall remain in full force and effect as if the Plan had not been terminated or suspended. 

	 	(c)	Outstanding Awards. Except as otherwise provided herein, rights and obligations under any outstanding Award shall not be altered or impaired by amendment, suspension or
termination of the Plan, except with the consent of the person to whom the Award was granted. The Committee shall have the authority to modify, extend or renew outstanding Awards and to authorize the grant of new Awards in substitution therefor;
provided that the Committee shall not, without the approval of the Company’s stockholders, directly or indirectly reduce the exercise price of any outstanding Award. 

 14. Conditions Upon Issuance of Shares. Shares shall not be issued pursuant to any Award hereunder unless the issuance and delivery of such Shares shall comply
with all relevant provisions of law, including, without limitation, the Securities Act, the Exchange Act, the rules and regulations promulgated thereunder, 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 issuance of
Shares pursuant to any Award, the Company may require the Participant to represent and warrant that the Shares are being acquired 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 relevant provisions of the law. 
 Inability of the Company to obtain authority from any
regulatory body having jurisdictional authority deemed by the Company’s counsel to be necessary for the lawful issuance and sale of any Shares hereunder shall relieve the Company of any liability for failure to issue or sell such Shares.

 15. Reservation of Shares. The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as shall
be sufficient to satisfy the requirements of the Plan. 
 16. Rule 16b-3. The grant of Awards hereunder to persons subject to Section 16 of the
Exchange Act shall comply with the applicable provisions of Rule 16b-3. The Company intends this Plan to be a “formula plan” under Rule 16b-3 with respect to Awards granted hereunder.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]