Document:

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Exhibit 4.4

RadiSys Corporation

2007 Stock Plan

          1. Purposes of the Plan. The purpose of this 2007 Stock Plan (the “Plan”) is to
enable RadiSys Corporation (the “Company”) to attract and retain the services of Directors and
selected Employees and Consultants of the Company or any Parent or Subsidiary of the Company.
Awards granted under the Plan may be Incentive Stock Options, Nonstatutory Stock Options,
Restricted Stock, Stock Appreciation Rights, Performance Shares or Performance Units, as determined
by the Administrator at the time of grant.

          2. Definitions. As used herein, the following definitions shall apply:

          (a) “Administrator” means the Board or any of its Committees as shall be administering the
Plan, in accordance with Section 4 of the Plan.

          (b) “Applicable Laws” means the requirements relating to the administration of equity
compensation plans under U.S. state corporate laws, U.S. federal and state securities laws, the
Code, any stock exchange or quotation system on which the Shares are listed or quoted and the
applicable laws of any other country or jurisdiction where Awards are granted under the Plan.

          (c) “Award” means, individually or collectively, a grant under the Plan of Options, Restricted
Stock, Stock Appreciation Rights, Performance Shares or Performance Units.

          (d) “Award Agreement” means the written or electronic agreement setting forth the terms and
provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the
terms and conditions of the Plan.

          (e) “Awarded Stock” means the Common Stock subject to an Award.

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

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

          (h) “Committee” means a Committee appointed by the Board in accordance with Section 4 of the
Plan.

          (i) “Common Stock” means the common stock of the Company.

          (j) “Company” means RadiSys Corporation.

          (k) “Consultant” means any person, including an advisor, engaged by the Company or a Parent or
Subsidiary to render services and who is compensated for such services.

          (l) “Director” means a member of the Board.

          (m) “Disability” means total and permanent disability as defined in Section 22(e)(3) of the
Code.

          (n) “Dividend Equivalent” means a credit, made at the discretion of the Administrator, to the
account of a Participant in an amount equal to the cash dividends paid on one Share for each Share
represented by an Award held by such Participant.

          (o) “Effective Date” means March 21, 2007.

 

 

          (p) “Employee” means any person employed by the Company or any Parent or Subsidiary of the
Company. A Service Provider shall not cease to be an Employee in the case of (i) any leave of
absence approved by the Company or (ii) transfers between locations of the Company or between the
Company, its Parent, any Subsidiary, or any successor. For purposes of Incentive Stock Options, no
such leave may exceed 90 calendar days, unless reemployment upon expiration of such leave is
guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved
by the Company is not so guaranteed, then three months following the 91st calendar day
of such leave any Incentive Stock Option held by the Participant shall cease to be treated as an
Incentive Stock Option and shall be treated for tax purposes as a Nonstatutory Stock Option.

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

          (r) “Fair Market Value” means, as of any date, the value of Common Stock determined as
follows:

     (i) If the Common Stock is listed on any established stock exchange or a national
market system, including without limitation the Nasdaq Global Select Market of the National
Association of Securities Dealers, Inc. Automated Quotation (“Nasdaq”) System, the Fair
Market Value of a Share of Common Stock shall be the closing sales price for such stock (or
the closing bid, if no sales were reported) as quoted on such system or exchange (or the
exchange with the greatest volume of trading in Common Stock) on the date of determination,
as reported in The Wall Street Journal or such other source as the Administrator deems
reliable;

     (ii) If the Common Stock is quoted on the Nasdaq System (but not on the Nasdaq Global
Select Market thereof) or is regularly quoted by a recognized securities dealer but selling
prices are not reported, the Fair Market Value of a Share of Common Stock shall be the mean
between the high bid and low asked prices for the Common Stock on the last market trading
day prior to the date of determination, as reported in The Wall Street Journal or such other
source as the Administrator deems reliable; or

     (iii) In the absence of an established market for the Common Stock, the Fair Market
Value shall be determined in good faith by the Administrator.

          (s) “Fiscal Year” means a fiscal year of the Company.

          (t) “Incentive Stock Option” means an Option intended to qualify as an incentive stock option
within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

          (u) “Nonstatutory Stock Option” means an Option not intended to qualify as an Incentive Stock
Option.

          (v) “Notice of Grant” means a written or electronic notice evidencing certain terms and
conditions of an individual Award. The Notice of Grant is part of the Option Agreement.

          (w) “Outside Director” means a Director who is not an Employee.

          (x) “Option” means a stock option granted pursuant to the Plan.

          (y) “Option Agreement” means a written or electronic agreement between the Company and a
Participant evidencing the terms and conditions of an individual Option grant. The Option
Agreement is subject to the terms and conditions of the Plan.

          (z) “Parent” means a “parent corporation”, whether now or hereafter existing, as defined in
Section 424(e) of the Code.

          (aa) “Participant” means the holder of an outstanding Award granted under the Plan.

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          (bb) “Performance Goals” means the goal(s) (or combined goal(s)) determined by the
Administrator (in its discretion) to be applicable to a Participant with respect to an Award. As
determined by the Administrator, the Performance Goals applicable to an Award may provide for a
targeted level or levels of achievement using one or more of the following measures: (a) revenue,
(b) asset management, (c) earnings per share, (d) net income, (e) operating cash flow, (f)
operating margins, (g) operating income, (h) return on assets, (i) return on equity, (j) return on
sales, (k) total stockholder return and (l) earnings before interest, taxes, depreciation and
amortization, or such similar objectively determinable financial or other measures as may be
adopted by the Administrator. The Performance Goals may be based on absolute target numbers or
growth in one or more such categories compared to a prior period or to one or more peer companies
or an index of peer companies. The measures which constitute the Performance Goals may, at the
discretion of the Administrator, be based on pro forma numbers and may, as the Administrator
specifies, either include or exclude the effect of payment of the Awards under this Plan and any
other incentive compensation plans of the Company. The Performance Goals may differ from
Participant to Participant and from Award to Award. In establishing a Performance Goal, the
Administrator may provide that the attainment of the Performance Goal shall be measured by
appropriately adjusting the evaluation of Performance Goal performance to exclude (i) any
extraordinary non-recurring items as described in Accounting Principles Board Opinion No. 30 and/or
in management’s discussion and analysis of financial conditions and results of operations appearing
in the Company’s annual report to stockholders for the applicable year, or (ii) the effect of any
changes in accounting principles affecting the Company’s or a business unit’s reported results.

          (cc) “Performance Share” means Shares granted pursuant to Section 12 of the Plan.

          (dd) “Performance Unit” means performance units granted pursuant to Section 13 of the Plan.

          (ee) “Plan” means this 2007 Stock Plan.

          (ff) “Restricted Stock” means Shares granted pursuant to Section 11 of the Plan.

          (gg) “Rule 16b-3” means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in
effect when discretion is being exercised with respect to the Plan.

          (hh) “Service Provider” means an Employee, Consultant or Director.

          (ii) “Share” means a share of the Common Stock, as adjusted in accordance with Section 16 of
the Plan.

          (jj) “Stock Appreciation Right” or “SAR” means an Award granted pursuant to Section 10 hereof.

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

          3. Stock Subject to the Plan. Subject to the provisions of Section 16 of the Plan,
the maximum aggregate number of Shares which may be issued under the Plan is 3,200,000 Shares.

          Any Shares subject to Options or SARs shall be counted against the numerical limits of this
Section 3 as one share for every share subject thereto. Any Shares or units subject to Restricted
Stock, Performance Shares or Performance Units with a per share or per unit purchase price lower
than 100% of Fair Market Value on the date of grant shall be counted against the numerical limits
of this Section 3 as two Shares for every one Share subject thereto and, if returned to the Plan
pursuant to the last paragraph of this Section, shall be returned to the Plan as two Shares for
every one Share returned to the Plan.

          The Shares may be authorized, but unissued, or reacquired Common Stock.

          If an Award expires or becomes unexercisable without having been exercised in full, or, with
respect to Restricted Stock, Performance Shares or Performance Units is forfeited to or repurchased
by the Company, the unpurchased Shares (or for Awards other than Options and SARs, the forfeited or
repurchased Shares) which were

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subject thereto shall become available for future grant or sale under the Plan (unless the
Plan has terminated). With respect to SARs, when a stock-settled SAR is exercised, the Shares
subject to the SAR Award Agreement shall be counted against the number of Shares available for
future grant or sale under the Plan, regardless of the number of Shares used to settle the SAR upon
exercise. Shares that have actually been issued under the Plan under any Award shall not be
returned to the Plan and shall not become available for future distribution under the Plan;
provided, however, if unvested Shares of Restricted Stock, Performance Shares or Performance Units
are repurchased by the Company or are forfeited to the Company, such Shares shall become available
for future grant under the Plan. Shares used to pay the exercise price of an Option and Shares
used to satisfy tax withholding obligations shall not become available for future grant or sale
under the Plan.

          4. Administration of the Plan.

          (a) Procedure.

     (i) Multiple Administrative Bodies. The Plan may be administered by different
Committees with respect to different groups of Service Providers.

     (ii) Section 162(m). To the extent that the Administrator determines it to be
desirable to qualify Awards granted hereunder as “performance-based compensation” within the
meaning of Section 162(m) of the Code, the Plan shall be administered by a Committee of two
or more “outside directors” within the meaning of Section 162(m) of the Code.

     (iii) Rule 16b-3. To the extent desirable to qualify transactions hereunder as exempt
under Rule 16b-3, the transactions contemplated hereunder shall be structured to satisfy the
requirements for exemption under Rule 16b-3.

     (iv) Other Administration. Other than as provided above, the Plan shall be
administered by (A) the Board or (B) a Committee, which committee shall be constituted to
satisfy Applicable Laws.

          (b) Powers of the Administrator. Subject to the provisions of the Plan, and in the case of a
Committee, subject to the specific duties delegated by the Board to such Committee, the
Administrator shall have the authority, in its discretion:

     (i) to determine the Fair Market Value of the Common Stock, in accordance with Section
2(r) of the Plan;

     (ii) to select the Service Providers to whom Awards may be granted hereunder;

     (iii) to determine whether and to what extent Awards or any combination thereof, are
granted hereunder;

     (iv) to determine the number of Shares to be covered by each Award granted hereunder;

     (v) to approve forms of agreement for use under the Plan;

     (vi) to determine the terms and conditions, not inconsistent with the terms of the
Plan, of any Award granted hereunder. Such terms and conditions include, but are not
limited to, the exercise price, the time or times when Options or SARs may be exercised or
other Awards vest (which may be based on performance criteria), any vesting acceleration or
waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or
the shares of Common Stock relating thereto, based in each case on such factors as the
Administrator, in its sole discretion, shall determine;

     (vii) to construe and interpret the terms of the Plan and Awards;

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     (viii) to prescribe, amend and rescind rules and regulations relating to the Plan,
including rules and regulations relating to sub-plans established for the purpose of
qualifying for preferred tax treatment under foreign tax laws;

     (ix) to modify or amend each Award (subject to Section 9(c) and Section 18(c) of the
Plan), including the discretionary authority to extend the post-termination exercisability
period of Options and SARs longer than is otherwise provided for in the Plan;

     (x) to authorize any person to execute on behalf of the Company any instrument required
to effect the grant of an Award previously granted by the Administrator;

     (xi) to allow Participants to satisfy all or part of their withholding tax obligations
by electing to have the Company withhold from the Shares or cash to be issued upon exercise
or vesting of an Award that number of Shares or cash having a Fair Market Value equal to the
minimum amount required to be withheld (but no more). The Fair Market Value of any Shares
to be withheld shall be determined on the date that the amount of tax to be withheld is to
be determined. All elections by a Participant to have Shares or cash withheld for this
purpose shall be made in such form and under such conditions as the Administrator may deem
necessary or advisable;

     (xii) to determine the terms and restrictions applicable to Awards;

     (xiii) to determine whether Awards will be adjusted for Dividend Equivalents;

     (xiv) to impose such restrictions, conditions or limitations as it determines
appropriate as to the timing and manner of any resales by a Participant or other subsequent
transfers by a Participant of any Shares issued as a result of or under an Award, including
without limitation, (A) restrictions under an insider trading policy, and (B) restrictions
as to the use of a specified brokerage firm for such resales or other transfers; and

     (xv) to make all other determinations deemed necessary or advisable for administering
the Plan.

          (c) Effect of Administrator’s Decision. The Administrator’s decisions, determinations and
interpretations shall be final and binding on all Participants and any other holders of Awards.

          5. Eligibility. Performance Shares, Performance Units, Restricted Stock, Stock
Appreciation Rights, and Nonstatutory Stock Options may be granted to Service Providers. Incentive
Stock Options may be granted only to Employees.

          6. No Employment Rights. Neither the Plan nor any Award shall confer upon a
Participant any right with respect to continuing the Participant’s employment with the Company or
its Subsidiaries, nor shall they interfere in any way with the Participant’s right or the Company’s
or Subsidiary’s right, as the case may be, to terminate such employment at any time, with or
without cause or notice.

          7. Code Section 162(m) Provisions.

          (a) Option and SAR Annual Share Limit. The maximum number of Shares that may be subject to
Options and Stock Appreciation Rights granted to a Participant in any Fiscal Year shall equal
400,000 Shares; provided, however, that such limit shall be 1,000,000 Shares in the Participant’s
first Fiscal Year of Company service.

          (b) Restricted Stock, Performance Shares and Performance Units Annual Limit. The maximum
number of Shares that may be subject to Restricted Stock, Performance Shares or Performance Units
granted to a Participant in any Fiscal Year shall equal 400,000 Shares; provided, however, that
such limit shall be 600,000 Shares in the Participant’s first Fiscal Year of Company service.

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          (c) Section 162(m) Performance Restrictions. For purposes of qualifying grants of Restricted
Stock, Performance Shares or Performance Units as “performance-based compensation” under Section
162(m) of the Code, the Administrator, in its discretion, may set restrictions based upon the
achievement of Performance Goals. The Performance Goals shall be set by the Administrator on or
before the latest date permissible to enable the Restricted Stock, Performance Shares or
Performance Units to qualify as “performance-based compensation” under Section 162(m) of the Code.
In granting Restricted Stock, Performance Shares or Performance Units which are intended to qualify
under Section 162(m) of the Code, the Administrator shall follow any procedures determined by it
from time to time to be necessary or appropriate to ensure qualification of the Award under Section
162(m) of the Code (e.g., in determining the Performance Goals).

          (d) Changes in Capitalization. The numerical limitations in Section 7(a) and (b) shall be
adjusted proportionately in connection with any change in the Company’s capitalization as described
in Section 16(a).

          8. Term of Plan. The Plan shall become effective on the Effective Date; provided,
however, that, if the Plan is not approved by the stockholders upon submission to them for
approval, the Plan shall be void ab initio and of no further force and effect. The Plan shall
continue in effect for a term of 10 years after the Effective Date.

          9. Stock Options.

          (a) Term. The term of each Option shall be stated in the Notice of Grant; provided, however,
that the term shall be no longer than 7 years from the date of grant. Moreover, in the case of an
Incentive Stock Option granted to a Participant who, at the time the Incentive Stock Option is
granted, owns stock representing more than 10 percent of the voting power of all classes of stock
of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option shall be no
longer than five years from the date of grant.

          (b) Option Exercise Price. The per share exercise price for the Shares to be issued pursuant
to exercise of an Option shall be determined by the Administrator and shall be no less than 100% of
the Fair Market Value per Share on the date of grant; provided, however, in the case of an
Incentive Stock Option granted to an Employee who, at the time the Incentive Stock Option is
granted, owns stock representing more than 10 percent of the voting power of all classes of stock
of the Company or any Parent or Subsidiary, the per Share exercise price shall be no less than 110%
of the Fair Market Value per Share on the date of grant.

          (c) No Repricing. Subject to Section 16, the exercise price for an Option may not be reduced
without the consent of the Company’s stockholders. This shall include, without limitation, a
repricing of the Option as well as an Option exchange program whereby the Participant agrees to
cancel an existing Option in exchange for an Option, SAR or other Award.

          (d) Waiting Period and Exercise Dates. At the time an Option is granted, the Administrator
shall fix the period within which the Option may be exercised and shall determine any conditions
which must be satisfied before the Option may be exercised. In so doing, the Administrator may
specify that an Option may not be exercised until the completion of a service period or until
performance milestones are satisfied.

          (e) Form of Consideration. The Administrator shall determine the acceptable form of
consideration for exercising an Option, including the method of payment. In the case of an
Incentive Stock Option, the Administrator shall determine the acceptable form of consideration at
the time of grant. Subject to Applicable Laws, such consideration may consist entirely of:

     (i) cash;

     (ii) check;

     (iii) other Shares which (A) in the case of Shares acquired upon exercise of an Option,
have been owned by the Participant for more than six months on the date of surrender, and
(B) have a Fair Market Value on the date of surrender equal to the aggregate exercise price
of the Shares as to which said Option shall be exercised;

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     (iv) delivery of a properly executed exercise notice together with such other
documentation as the Administrator and the broker, if applicable, shall require to effect an
exercise of the Option and delivery to the Company of the sale proceeds required to pay the
exercise price;

     (v) a reduction in the amount of any Company liability to the Participant, including
any liability attributable to the Participant’s participation in any Company-sponsored
deferred compensation program or arrangement;

     (vi) any combination of the foregoing methods of payment; or

     (vii) such other consideration and method of payment for the issuance of Shares to the
extent permitted by Applicable Law; provided, however, that in no case will loans be
permitted as consideration for exercising an Option hereunder.

          (f) Exercise of Option; Rights as a Stockholder. Any Option granted hereunder shall be
exercisable according to the terms of the Plan and at such times and under such conditions as
determined by the Administrator and set forth in the Option Agreement.

          An Option may not be exercised for a fraction of a Share.

          An Option shall be deemed exercised when the Company receives: (i) written or electronic
notice of exercise (in accordance with the Option Agreement) from the person entitled to exercise
the Option, and (ii) full payment for the Shares with respect to which the Option is exercised.
Full payment may consist of any consideration and method of payment authorized by the Administrator
and permitted by the Option Agreement and the Plan. Shares issued upon exercise of an Option shall
be issued in the name of the Participant. Until the stock certificate evidencing such Shares is
issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized
transfer agent of the Company), no right to vote or receive dividends or any other rights as a
stockholder shall exist with respect to the optioned stock, notwithstanding the exercise of the
Option. The Company shall issue (or cause to be issued) such stock certificate promptly after the
Option is exercised. No adjustment will be made for a dividend or other right for which the record
date is prior to the date the stock certificate is issued, except as provided in Section 16 of the
Plan.

          Exercising an Option in any manner shall decrease the number of Shares thereafter available
for sale under the Option, by the number of Shares as to which the Option is exercised.

          (g) Termination of Relationship as a Service Provider. If a Participant ceases to be a
Service Provider, other than upon the Participant’s death or Disability, the Participant may
exercise his or her Option within such period of time as is specified in the Option Agreement to
the extent that the Option is vested on the date of termination (but in no event later than the
expiration of the term of such Option as set forth in the Option Agreement). In the absence of a
specified time in the Option Agreement, the Option shall remain exercisable for three months
following the Participant’s termination. If, on the date of termination, the Participant is not
vested as to his or her entire Option, the Shares covered by the unvested portion of the Option
shall revert to the Plan. If, after termination, the Participant does not exercise his or her
Option within the time specified by the Administrator, the Option shall terminate, and the Shares
covered by such Option shall revert to the Plan.

          (h) Disability. If a Participant ceases to be a Service Provider as a result of the
Participant’s Disability, the Participant may exercise his or her Option for 12 months following
the Participant’s termination (but in no event may the Option be exercised later than the
expiration of the term of such Option as set forth in the Option Agreement). If, on the date of
termination, the Participant is not vested as to his or her entire Option, the Shares covered by
the unvested portion of the Option shall revert to the Plan. If, after termination, the
Participant does not exercise his or her Option within the time specified herein, the Option shall
terminate, and the Shares covered by such Option shall revert to the Plan.

          (i) Death of Participant. If a Participant dies while a Service Provider, the Option may be
exercised for 12 months following the Participant’s death (but in no event may the Option be
exercised later than the

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expiration of the term of such Option as set forth in the Option Agreement), by the personal
representative of the Participant’s estate or by the person(s) to whom the Option is transferred
pursuant to the Participant’s will or in accordance with the laws of descent and distribution. If
the Option is not so exercised within the time specified herein, the Option shall terminate, and
the Shares covered by such Option shall revert to the Plan.

          (j) ISO $100,000 Rule. Each Option shall be designated in the Notice of Grant as either an
Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designations,
to the extent that the aggregate Fair Market Value of Shares subject to a Participant’s Incentive
Stock Options granted by the Company, any Parent or Subsidiary, which becomes exercisable for the
first time during any calendar year (under all plans of the Company or any Parent or Subsidiary)
exceeds $100,000, such excess Options shall be treated as Nonstatutory Stock Options. For purposes
of this Section 9(j), Incentive Stock Options shall be taken into account in the order in which
they were granted, and the Fair Market Value of the Shares shall be determined as of the time of
grant.

          10. Stock Appreciation Rights.

          (a) Grant of SARs. Subject to the terms and conditions of the Plan, SARs may be granted to
Participants at any time and from time to time as shall be determined by the Administrator, in its
sole discretion. The Administrator shall have complete discretion to determine the number of SARs
granted to any Participant.

          (b) Exercise Price and other Terms. Subject to Section 7(a) of the Plan, the Administrator,
subject to the provisions of the Plan, shall have complete discretion to determine the terms and
conditions of SARs granted under the Plan; provided, however, no SAR may have a term of more than
10 years from the date of grant, and provided further, the exercise price per Share of a SAR shall
be no less than 100% of the Fair Market Value per Share on the date of grant of the SAR. The
exercise price for the Shares or cash to be issued pursuant to an already granted SAR may not be
changed without the consent of the Company’s stockholders. This shall include, without limitation,
a repricing of the SAR as well as a SAR exchange program whereby the Participant agrees to cancel
an existing SAR in exchange for an Option, SAR or other Award.

          (c) Payment of SAR Amount. Upon exercise of a SAR, a Participant shall be entitled to receive
payment from the Company in an amount determined by multiplying:

     (i) the difference between the Fair Market Value of a Share on the date of exercise
over the exercise price; times

     (ii) the number of Shares with respect to which the SAR is exercised.

          (d) Payment Upon Exercise of SAR. At the discretion of the Administrator, payment for a SAR
may be in cash, Shares or a combination thereof.

          (e) SAR Agreement. Each SAR grant shall be evidenced by an Award Agreement that shall specify
the exercise price, the term of the SAR, the conditions of exercise, and such other terms and
conditions as the Administrator, in its sole discretion, shall determine.

          (f) Expiration of SARs. A SAR granted under the Plan shall expire upon the date determined by
the Administrator, in its sole discretion, and set forth in the Award Agreement.

          (g) Termination of Relationship as a Service Provider. If a Participant ceases to be a
Service Provider, other than upon the Participant’s death or Disability, the Participant may
exercise his or her SAR within such period of time as is specified in the SAR Award Agreement to
the extent that the SAR is vested on the date of termination (but in no event later than the
expiration of the term of such SAR as set forth in the SAR Award Agreement). In the absence of a
specified time in the SAR Award Agreement, the SAR shall remain exercisable for three months
following the Participant’s termination. If, on the date of termination, the Participant is not
vested as to his or her entire SAR, the Shares covered by the unvested portion of the SAR shall
revert to the Plan. If, after termination, the Participant does not exercise his or her SAR within
the time specified by the Administrator, the SAR shall terminate, and the Shares covered by such
SAR shall revert to the Plan.

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          (h) Disability. If a Participant ceases to be a Service Provider as a result of the
Participant’s Disability, the Participant may exercise his or her SAR within such period of time as
is specified in the SAR Award Agreement to the extent the SAR is vested on the date of termination
(but in no event later than the expiration of the term of such SAR as set forth in the SAR Award
Agreement). In the absence of a specified time in the SAR Award Agreement, the SAR shall remain
exercisable for 12 months following the Participant’s termination. If, on the date of termination,
the Participant is not vested as to his or her entire SAR, the Shares covered by the unvested
portion of the SAR shall revert to the Plan. If, after termination, the Participant does not
exercise his or her SAR within the time specified herein, the SAR shall terminate, and the Shares
covered by such SAR shall revert to the Plan.

          (i) Death of Participant. If a Participant dies while a Service Provider, the SAR may be
exercised following the Participant’s death within such period of time as is specified in the SAR
Award Agreement (but in no event may the SAR be exercised later than the expiration of the term of
such SAR as set forth in the SAR Award Agreement), by the personal representative of the
Participant’s estate or by the person(s) to whom the SAR is transferred pursuant to the
Participant’s will or in accordance with the laws of descent and distribution. In the absence of a
specified time in the SAR Award Agreement, the SAR shall remain exercisable for 12 months following
the Participant’s death. If the SAR is not so exercised within the time specified herein, the SAR
shall terminate, and the Shares covered by such SAR shall revert to the Plan.

          11. Restricted Stock.

          (a) Grant of Restricted Stock. Subject to the terms and conditions of the Plan, Restricted
Stock may be granted to Participants at any time as shall be determined by the Administrator, in
its sole discretion. Subject to Section 7(b) hereof, the Administrator shall have complete
discretion to determine (i) the number of Shares subject to a Restricted Stock award granted to any
Participant, and (ii) the conditions that must be satisfied, which typically will be based
principally or solely on continued provision of services but may include a performance-based
component, upon which is conditioned the grant, vesting or issuance of Restricted Stock.
Restricted Stock may be granted in the form of restricted stock units that are not issued until the
vesting conditions are satisfied. Until the Shares are issued, no right to vote or receive
dividends or any other rights as a stockholder shall exist with respect to the units to acquire
Shares.

          (b) Other Terms. The Administrator, subject to the provisions of the Plan, shall have
complete discretion to determine the terms and conditions of Restricted Stock granted under the
Plan. Restricted Stock grants shall be subject to the terms, conditions, and restrictions
determined by the Administrator at the time the stock or the restricted stock unit is awarded. The
Administrator may require the recipient to sign a Restricted Stock Award agreement as a condition
of the Award. Any certificates representing the Shares of Restricted Stock awarded shall bear such
legends as shall be determined by the Administrator.

          (c) Restricted Stock Award Agreement. Each Restricted Stock grant shall be evidenced by an
agreement that shall specify the purchase price (if any) and such other terms and conditions as the
Administrator, in its sole discretion, shall determine; provided, however, if the Restricted Stock
grant has a purchase price, such purchase price must be paid no more than 10 years following the
date of grant.

          12. Performance Shares.

          (a) Grant of Performance Shares. Subject to the terms and conditions of the Plan, Performance
Shares may be granted to Participants at any time as shall be determined by the Administrator, in
its sole discretion. Subject to Section 7(b) hereof, the Administrator shall have complete
discretion to determine (i) the number of Shares subject to a Performance Share Award granted to
any Participant, and (ii) the conditions that must be satisfied, which typically will be based
principally or solely on achievement of performance milestones but may include a service-based
component, upon which is conditioned the grant or vesting of Performance Shares. Performance
Shares shall be granted in the form of units to acquire Shares. Each such unit shall be the
equivalent of one Share for purposes of determining the number of Shares subject to an Award.
Until the Shares are issued, no right to vote or receive dividends or any other rights as a
stockholder shall exist with respect to the units to acquire Shares.

 - 9 - 

 

          (b) Other Terms. The Administrator, subject to the provisions of the Plan, shall have complete
discretion to determine the terms and conditions of Performance Shares granted under the Plan.
Performance Share grants shall be subject to the terms, conditions, and restrictions determined by
the Administrator at the time the Performance Shares are awarded, which may include such
performance-based milestones as are determined appropriate by the Administrator. The Administrator
may require the recipient to sign a Performance Share agreement as a condition of the Award. Any
certificates representing the Shares awarded shall bear such legends as shall be determined by the
Administrator.

          (c) Performance Share Award Agreement. Each Performance Share grant shall be evidenced by an
agreement that shall specify such other terms and conditions as the Administrator, in its sole
discretion, shall determine.

          13. Performance Units.

          (a) Grant of Performance Units. Performance Units are similar to Performance Shares, except
that they shall be settled in cash in an amount equivalent to the Fair Market Value of the
underlying Shares, determined as of the vesting date. Subject to the terms and conditions of the
Plan, Performance Units may be granted to Participants at any time and from time to time as shall
be determined by the Administrator, in its sole discretion. The Administrator shall have complete
discretion to determine the conditions that must be satisfied, which typically will be based
principally or solely on achievement of performance milestones but may include a service-based
component, upon which is conditioned the grant or vesting of Performance Units. Performance Units
shall be granted in the form of units to acquire Shares. Each such unit shall be the cash
equivalent of one Share. No right to vote or receive dividends or any other rights as a
stockholder shall exist with respect to Performance Units or the cash payable thereunder.

          (b) Number of Performance Units. Subject to Section 7(b) hereof, the Administrator will have
complete discretion in determining the number of Performance Units granted to any Participant.

          (c) Other Terms. The Administrator, subject to the provisions of the Plan, shall have complete
discretion to determine the terms and conditions of Performance Units granted under the Plan.
Performance Unit grants shall be subject to the terms, conditions, and restrictions determined by
the Administrator at the time the grant is awarded, which may include such performance-based
milestones as are determined appropriate by the Administrator. The Administrator may require the
recipient to sign a Performance Unit agreement as a condition of the Award. Any certificates
representing the units awarded shall bear such legends as shall be determined by the Administrator.

          (d) Performance Unit Award Agreement. Each Performance Unit grant shall be evidenced by an
agreement that shall specify such terms and conditions as the Administrator, in its sole
discretion, shall determine.

          14. Leaves of Absence. Unless the Administrator provides otherwise or except as
otherwise required by Applicable Laws, vesting of Awards granted hereunder shall continue during a
medical, family or military leave of absence, whether paid or unpaid, and vesting of Awards shall
be suspended during any other unpaid leave of absence.

          15. Non-Transferability of Awards. Unless determined otherwise by the Administrator,
an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any
manner other than by will or by the laws of descent or distribution and may be exercised, during
the lifetime of the recipient, only by the recipient. If the Administrator makes an Award
transferable, such Award shall contain such additional terms and conditions as the Administrator
deems appropriate; provided, however, no Option shall in any event be transferable for value.

          16. Adjustments Upon Changes in Capitalization.

          (a) Adjustments. Subject to any required action by the stockholders of the Company, the
number of shares of Common Stock covered by each outstanding Award, the number of shares of Common
Stock which have been authorized for issuance under the Plan but as to which no Awards have yet
been granted or which have been

 - 10 - 

 

returned to the Plan upon cancellation, forfeiture or expiration of an Award, as well as the
price per share of Common Stock covered by each such outstanding Award, the limit on the number of
Shares that may be issued in conjunction with Restricted Stock, Performance Shares and Performance
Units under Section 3, and the 162(m) Fiscal Year share issuance limits under Sections 7(a) and (b)
hereof shall be proportionately adjusted for any increase or decrease in the number of issued
Shares resulting from a stock split, reverse stock split, stock dividend, combination or
reclassification of the Common Stock, or any other increase or decrease in the number of issued
Shares effected without receipt of consideration by the Company; provided, however, that conversion
of any convertible securities of the Company shall not be deemed to have been “effected without
receipt of consideration.” Such adjustment shall be made by the Administrator, whose determination
in that respect shall be final, binding and conclusive. Except as expressly provided herein, no
issuance by the Company of shares of stock of any class, or securities convertible into shares of
stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect
to, the number or price of shares of Common Stock subject to an Award.

          (b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of
the Company, the Administrator shall notify each Participant as soon as practicable prior to the
effective date of such proposed transaction. The Administrator in its discretion may provide for a
Participant to have the right to exercise his or her Option or SAR until 10 calendar days prior to
such transaction as to all of the Awarded Stock covered thereby, including Shares as to which the
Award would not otherwise be exercisable. In addition, the Administrator may provide that any
Company repurchase option or forfeiture rights applicable to any Award shall lapse 100%, and that
any Award vesting shall accelerate 100%, provided the proposed dissolution or liquidation takes
place at the time and in the manner contemplated. To the extent it has not been previously
exercised (with respect to Options and SARs) or vested (with respect to other Awards), an Award
will terminate immediately prior to the consummation of such proposed action.

          (c) Mergers, Reorganizations, Etc. In the event of a merger, consolidation, plan of exchange,
acquisition of property or stock, separation, reorganization or liquidation to which the Company or
a Subsidiary is a party or a sale of all or substantially all of the Company’s assets (each, a
“Transaction”), the Board shall, in its sole discretion and to the extent possible under the
structure of the Transaction, select one of the following alternatives for treating outstanding
Awards under the Plan:

     (i) Outstanding Awards shall remain in effect in accordance with their terms.

     (ii) Each outstanding Award shall be assumed or an equivalent Award shall be
substituted by the successor corporation or a Parent or Subsidiary of the successor
corporation. With respect to Awards granted to an Outside Director that are assumed or
substituted for, if immediately prior to or after the Transaction the Participant’s status
as a Director or a director of the successor corporation, as applicable, is terminated other
than upon a voluntary resignation by the Participant, then the Participant shall fully vest
in such Award and, with respect to Options and SARs, shall have the right to exercise such
Options and SARs as to all of the Awarded Stock, including Shares as to which it would not
otherwise be vested or exercisable. The amount, type of securities subject thereto and, if
applicable, exercise price of the assumed or substituted Awards shall be determined by the
Board, taking into account the relative values of the companies involved in the Transaction
and the exchange ratio, if any, used in determining shares of the successor corporation, or
Parent or Subsidiary thereof, to be issued to holders of Shares. Unless otherwise
determined by the Board and except as otherwise provided above with respect to Outside
Directors, the assumed or substituted Awards shall be vested only to the extent that the
vesting requirements relating to Awards granted hereunder have been satisfied.

     (iii) The Board shall provide a 30 calendar-day period prior to the consummation of the
Transaction during which outstanding Options and SARs may be exercised to the extent then
exercisable, and upon the expiration of such 30 calendar-day period, all unexercised Options
and SARs shall immediately terminate. The Board may, in its sole discretion, accelerate the
exercisability of Options and SARs so that they are exercisable in full during such 30
calendar-day period. The Board may also, in its sole discretion, accelerate the vesting of
Restricted Stock, Performance Share or Performance Unit Awards.

          17. Date of Grant. The date of grant of an Award shall be, for all purposes, the date
on which the Administrator makes the determination granting such Award, or such other later date as
is determined by the

 - 11 - 

 

Administrator; provided, however, the date of grant of an Option shall be the date when the
Option is granted and its exercise price is set, consistent with Applicable Laws and applicable
financial accounting rules. Notice of the determination shall be provided to each Participant
within a reasonable time after the date of such grant.

          18. Amendment and Termination of the Plan.

          (a) Amendment and Termination. The Board may at any time amend, alter, suspend or terminate
the Plan. With respect to any Participant or Service Provider who is resident outside of the
United States, the Administrator may, in its sole discretion, amend or vary the terms of the Plan
in order to conform such terms with the requirements of local law, to meet the goals and objectives
of the Plan, and may, in its sole discretion, establish administrative rules, regulations and
procedures to facilitate the operation of the Plan in such non-U.S. jurisdictions. The
Administrator may, where it deems appropriate in its sole discretion, establish one or more
sub-plans of the Plan for these purposes.

          (b) Stockholder Approval. The Company shall obtain stockholder approval of any Plan amendment
to the extent necessary and desirable to comply with Applicable Laws. Such stockholder approval,
if required, shall be obtained in such a manner and to such a degree as is required by the
applicable law, rule or regulation.

          (c) Effect of Amendment or Termination. Except as otherwise provided in Section 23, no
amendment, alteration, suspension or termination of the Plan shall impair the rights of any
Participant, unless mutually agreed otherwise between the Participant and the Administrator, which
agreement must be in writing (or electronic format) and signed by the Participant and the Company.

          19. Conditions Upon Issuance of Shares.

          (a) Legal Compliance. Shares shall not be issued pursuant to the exercise of an Award unless
the exercise of the Award or the issuance and delivery of such Shares (or with respect to
Performance Units, the cash equivalent thereof) shall comply with Applicable Laws and shall be
further subject to the approval of counsel for the Company with respect to such compliance.

          (b) Investment Representations. As a condition to the exercise or receipt of an Award, the
Company may require the person exercising or receiving such Award to represent and warrant at the
time of any such exercise or receipt 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.

          20. Liability of Company.

          (a) Inability to Obtain Authority. The inability of the Company to obtain authority from any
regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be
necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any
liability in respect of the failure to issue or sell such Shares as to which such requisite
authority shall not have been obtained.

          (b) Grants Exceeding Allocated Shares. If the Awarded Stock covered by an Award exceeds, as
of the date of grant, the number of Shares which may be issued under the Plan without additional
stockholder approval, such Award shall be void with respect to such excess Awarded Stock, unless
stockholder approval of an amendment sufficiently increasing the number of Shares subject to the
Plan is timely obtained in accordance with Section 18(b) of the Plan.

          21. 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.

          22. Governing Law. The Plan and all Award Agreements entered into under the Plan
shall be construed in accordance with and governed by the laws of the State of Oregon, without
regard to its conflicts of laws provisions.

 - 12 - 

 

          23. Compliance with Code Section 409A. To the extent that the Administrator
determines that any Award granted under the Plan is subject to Section 409A of the Code, the
applicable Award Agreements shall incorporate the terms and conditions necessary to avoid the
consequences specified in Section 409A(a)(1) of the Code. To the extent applicable, the Plan and
Award Agreements shall be interpreted and construed in compliance with Section 409A of the Code and
Department of Treasury regulations and other interpretive guidance issued thereunder.
Notwithstanding any provision of the Plan to the contrary other than Section 18(b), in the event
that the Board determines that any Award may be subject to Section 409A of the Code, the Board may,
without the consent of Participants, including the affected Participant, adopt such amendments to
the Plan and the applicable Award Agreements or adopt other policies and procedures (including
amendments, policies and procedures with retroactive effect), or take any other actions, that the
Board determines are necessary or appropriate to (i) exempt the Award from Section 409A of the Code
or (ii) comply with the requirements of Section 409A of the Code and Department of Treasury
regulations and other interpretive guidance issued thereunder.

 - 13 -exv4w5

 

Exhibit 4.5

5445 NE Dawson Creek Drive

Hillsboro, OR 97124

NOTICE OF STOCK OPTION GRANT

Recipient:

ID:

Congratulations! You have been awarded a non-qualified Option grant by the Board of Directors of
RadiSys Corporation (the “Company”), to purchase Shares of Common Stock of the Company, subject to
the terms and conditions of the 2007 Stock Plan (the “Plan”) and this Option Notice, as outlined
below:

A copy of the Plan and the Plan Prospectus, which contain important terms and conditions, can be
accessed from http://radisphere.radisys.com under Human Resources/Compensation/Stock Plans/Plan
Document and Prospectus. If you’d like a hard copy of the documents, please contact Kim Moore at
503-615-1744 or via email kim.moore@radisys.com. To obtain a copy of the most recent RadiSys
Annual Report, go to www.radisys.com under Investors/Annual Reports. By accepting this Option
grant and exercising any portion of your Option, you agree to comply with all the terms of the Plan
and this notification.

The Plan is discretionary in nature and may be amended, cancelled, or terminated at any time. The
grant of Options is a one-time benefit offered solely to employees of the Company or one of its
subsidiaries, and does not create any contractual or other right to receive a grant of Options or
benefits in lieu of Options in the future.

Your Option may not be assigned, sold, encumbered, or in any way transferred or alienated.
Repricing of this Option is permitted only by consent of stockholders. However, the exercise price
will in no circumstance be reduced to less than the Fair Market Value per share on the date of
grant.

Options covered by this Grant Notice may have certain tax consequences at the time of exercise.
You are encouraged to obtain independent tax advice before exercising any Options.

Vesting and the duration of your Option are both subject to your continual employment with the
Company or any of its subsidiaries. Vesting will stop and your Options will automatically expire
three months after termination of your employment with the Company or any of its subsidiaries.
Your Option is not transferable, does not imply any right to continued employment and may be
exercised only by you.

 

 

E*TRADE

Your stock option grant details have been posted on-line at www.etrade.com/stockplans. Your “stock
plan” account will allow you to view your current balance of vested/unvested stock options,
exercise vested options and initiate a variety of other stock option management services.

Kim Moore is RadiSys’ Stock Plan Administrator. Please contact her at 503-615-1744 or via email
kim.moore@radisys.com if you have any questions or concerns regarding the accuracy of Option data
listed on-line, received Option grant documents, the process for exercising Options and/or terms
and conditions of the Plan.

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