Document:

Stock Option Plan (2007) of Brasil Telecom S.A. (English Translation)

 Exhibit 4.12 
 BRASIL TELECOM S.A. 
 PUBLICLY-HELD COMPANY 
 Corporate Taxpayer’s ID (CNPJ/MF) no. 76.535.764/0001-43 
 Company Registry ID
(NIRE) 53.3.0000622-9 
 STOCK OPTION PLAN 
 CONTENT 
  

	1.	STOCK OPTION PLAN 

  

	 	1.1	Purpose of the Plan 

  

	 	1.2	Eligible Beneficiaries 

  

	 	1.3	Plan Management 

  

	2.	CREATION OF SPECIFIC PROGRAMS 

  

	3.	GRANTING OF PERFORMANCE UNITS (UP) OPTIONS 

  

	 	3.1	Granting Agreements 

  

	 	3.2	UP Composition 

  

	 	3.3	Granting Limit 

  

	4.	GENERAL PLAN CONDITIONS 

  

	 	4.1	Rules for Withdrawal 

  

	 	4.2	Other General Conditions 

  

	 	4.3	Omitted Cases 

  

	5.	PLAN TERM 

	1.	STOCK OPTION PLAN 

  

	1.1	Purpose of the Plan 

 The purpose of the plan is to grant the participants
therein, under certain conditions, the opportunity to acquire or subscribe in the future, at a pre-established price, shares pertaining to a basket of shares (Performance Unit – UP), whose composition shall comply with the provisions in Clause
3.2 below with a view to: 
 A) Stimulate the expansion, success and attainment of the Company’s corporate goals and of the interest of shareholders.

 B) Align the interest of the Company’s key executives with the interest of shareholders and promote value addition. 
 C) Share risks and profits among shareholders and executive managers. 
 D)
Attract, retain and incentive key executives. 
  

	1.2	Eligible Beneficiaries 

 The Board of Directors may elect, as participants
in the plan, managers and employees of Brasil Telecom S.A. (“Company”) and its direct or indirect subsidiaries (included in the Company’s concept for the purposes of this plan). 
  

	1.3	Plan Management 

 The plan shall be managed by the Company’s Board of
Directors, which shall have full powers and may also delegate these duties to the remuneration committee, composed of up to three members of the Board. Provided that the guidelines determined herein by the General meeting are complied with, it shall
be incumbent upon the Board of Directors or upon the remuneration committee to regulate and take all necessary and adequate measures to manage the plan, as follows: 
 A) The creation of specific UP option granting programs. 
 B) The definition of the eligible participants in each program
created. 
 C) The definition of the general granting conditions, exercise price of the option and other conditions of the UP granting program, as well as
changes in these conditions, whenever necessary, in order to ensure compliance with the goals previously established by the plan. 
  

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 D) Determination of the amount of UPs to be granted to each participant, in compliance with the general granting limits
approved hereby. 
 E) To resolve on the omitted cases and solve eventual doubts regarding the interpretation of each program created. 
 F) The Board of Directors may not change the provisions related to the habilitation to participate in the program created and no change or extinction of program shall,
without the beneficiary’s consent, change or harm any rights or obligations of any agreement in force. 
  

	2.	CREATION OF SPECIFIC PROGRAMS 

 Periodically, the Board of Directors or the
remuneration committee shall create UPs option granting programs that shall have specific conditions regarding participants, amount of granted UPs, UP composition, option exercise price and other conditions. 
  

	3.	GRANTING OF PERFORMANCE UNITS (UP) OPTIONS 

  

	3.1	Granting Agreement 

 The granting of UP options pursuant to each program
created is held upon execution of an agreement that shall define: the amount of granted UPs, the conditions for the acquisition of the exercise right, grace period, final term for exercising the UPs, as well as the option exercise price and other
conditions. The option shall only be exercise in full in relation to each lot or sub-lot, pursuant to each program, during the term and period established to do so. 
 The participation agreements in each program shall be individual. The Board of Directors or the remuneration committee may, at their own discretion, establish different conditions for each program or agreement,
without the need to apply any rule of isonomy of treatment among participants. 
  

	3.2	UP Composition 

 The UP shall be composed of a basket of common and/or
preferred shares issued by the Company and/or by Brasil Telecom Participações S.A., preferably acquired in the market or, as the case may be, subscribed, depending on the resolution by the Company’s Board of Directors in
compliance with the applicable laws. 
 The weight of each type and/or class of shares used shall be established by the Board of Directors in accordance with
the purposes of the plan. The opportunity of gain in each program shall result proportionally from the opportunity of gain of the shares composing the basket. 
  

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	3.3	Concession Limit 

 The amount corresponding to the number of UPs granted in
the various programs created shall not exceed, at any time during the validity of the plan, the equivalent to ten percent (10%) of the equity value of the shares of each type of share composing the Company’s capital. 
  

	4.	GENERAL PLAN CONDITIONS 

 The general conditions established below shall be
followed by the programs created and subordinated hereto: 
  

	4.1	Withdrawal Rules 

 A) Withdrawal due to resignation on the manager’s
own will or resignation request by an employee: 
 (i) The rights already exercisable pursuant to the agreement of each program shall be exercised at the
moment of the withdrawal, as per the rules of each program. 
 (ii) The rights not yet exercisable at the date of the withdrawal, as per each program, shall
be immediately extinct. 
 B) Withdrawal due to Company’s will as a result of internal reorganization and consequent redundancy of position: 

(i) The rights already exercisable pursuant to the agreement of each program shall be exercised at the moment of the withdrawal, as per the rules of each program.

 (ii) Rights not yet exercisable as of the withdrawal date related to UPs lots which will become exercisable within 12 months from the withdrawal date, as
per each program agreement, may be exercised pro rata temporis as of the withdrawal date. 
 (iii) Other rights not yet exercisable as of the
withdrawal date, as per each program agreement, shall be immediately extinct. 
 C) Withdrawal due to Company’s will by means of termination with cause
as provided for by law: 
 (i) All rights exercisable or not yet exercisable as of the withdrawal date, as per each program agreement, shall be immediately
extinct. 
  

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 D) Withdrawal from the Company due to decease, retirement or permanent disability of the participant: 
 (i) The Board of Directors shall determine the portion of UPs and under which conditions the options may be exercised at the moment of the withdrawal. 
 E) Withdrawal due to Company’s will, other than the abovementioned cases: 
 (i) The rights already exercisable pursuant to the agreement of each program shall be exercised at the moment of the withdrawal, as per the rules of each program. 
 (ii) The rights not yet exercisable as of the withdrawal date, pursuant to the agreement of each program, may be exercised, fully or partially, or shall be immediately extinct, as per the rules of the specific program
and the respective agreement. 
 F) The Board of Directors shall include in certain programs special withdrawal conditions, including hypothesis of changes
in the Company’s direct or indirect control, involving advanced maturity of grace periods, among other special conditions, as determined in the program and the respective agreement. 
 G) Should the amount of shares purpose of the UPs be increased in reduced or the shares be exchanged for different types or classes, as a result of share bonuses, reverse-split or share split, the amount of shares in
relation to which the options have been granted and not yet exercised shall be duly adjusted. Any adjustment to the options shall be made without changing the total purchase amount applicable to the portion of the option not yet exercised, but with
adjustment corresponding to the price per share or any share unit included in the option. 
 H) The Board of Directors shall determine the rules applicable
to the cases of winding up, transformation, incorporation, merger, spin-off or reorganization of the Company. 
 I) The rights and obligations deriving from
the plan and from the option agreement shall not be granted or transferred, in full or partially, by any of the parties, nor given as guarantee of obligation, without previous written consent by the other party. 
  

	4.2	Other General Conditions 

 A) The granting of UPs pursuant to the plan does
not prevent the Company from getting involved in corporate reorganization operations. In that case, the Board of Directors shall, at its own discretion, determine: 
 (i) The substitution of the shares that guarantee the UPs by shares of the successor company, maintaining the principle of equity in the conversion rule. 
  

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 (ii) The extinction of the program and the settlement of the rights exercisable, or not, in shares and or in cash.

 B) Each participant shall subscribe expressly to the terms of the plan as well to the terms of each program under which they are granted UPs. 

C) No provision of the plan shall grant any participant the right to remain as manager or employee of the Company, nor shall it interfere in the Company’s right
to terminate the respective work agreement. 
 D) The UP shall be deemed as extinct in the following cases: 
 (i) Full exercise of the options pursuant to the plan. 
 (ii) Maturity of
the exercise term. 
 (iii) Withdrawal of the participant from the Company, pursuant to the rules of the plan and of the specific programs. 
 (iv) Full exercise pursuant to the special conditions set forth in the plan and in the specific programs. 
 E) Pursuant to article 171, paragraph 3, of Law 6,404/76, shareholders shall not have preemptive rights over the subscription and/or acquisition of underlying shares of the UPs. 
 F) The specific rules for each program shall establish the conditions for payment of the option exercise price, including whether the payment shall be made in cash or
forward contract and its conditions. It may also determine the granting of short-term loans to the beneficiary in order for him/her to exercise his/her right, as well as establish the mechanism of repurchase by the Company. 
  

	4.3	Omitted Cases 

 The cases omitted from the plan shall be regulated by the
Board of Directors. 
  

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	5.	PLAN TERM OF VALIDITY 

 This plan shall take force as of the date of its
approval by the General Meeting and shall have validity until the options granted in each program created pursuant to the rules of the plan and of the respective contracts executed are exercised. 
 The plan may be declared extinct by the General Meeting at any time. However, the extinction of the plan shall not affect the validity of the options still in force
granted pursuant to the plan. 
 Periodically, the Board of Directors or the remuneration committee may create other programs provided that: 
 A) The creation date of the program is not longer than 10 years after the plan’s approval date. 
 B) The UPs granting limit defined for the plan herein has not been reached. 
 C) The plan is still in force. 
  
  
  

 7Logility, Inc. 1997 Stock Plan, as Amended and Restated Effective July 9, 2009

 EXHIBIT 4.1 
 LOGILITY, INC. 
 1997 STOCK PLAN 
 (Amended and Restated Effective July 9, 2009) 
 (AS ADOPTED BY AMERICAN
SOFTWARE, INC.) 
 American Software, Inc., a Georgia corporation (“ASI”), effective July 9, 2009 adopted the Logility,
Inc. 1997 Stock Plan (the “Plan”). The Plan previously was adopted and approved by Logility, Inc., a Georgia corporation (“Logility”), which now is a wholly-owned subsidiary of ASI, effective as of August 7, 1997.

 1. Purpose. The purpose of the Plan is to attract and retain the best available talent and encourage the highest level of
performance by officers, employees, directors, advisors and consultants, and to provide them with incentives to put forth maximum efforts for the success of ASI’s business in order to serve the best interests of ASI. Stock Options granted under
the Plan may be Incentive Stock Options or Nonqualified Stock Options, as such terms are hereinafter defined. 
 2. Definitions. The
following terms, when used in the Plan with initial capital letters, will have the following meanings: 
 (a) “Act”
means the Securities Exchange Act of 1934 as in effect from time to time. 
 (b) “Board” means the Board of
Directors of ASI. 
 (c) “Change in Control” means the occurrence, prior to the expiration of a Stock Option, of any
of the following events: 
 (i) ASI is merged, consolidated or reorganized into or with another corporation or other legal
person, and as a result of such merger, consolidation or reorganization less than two-thirds of the combined voting power of the then-outstanding securities entitled to vote generally in the election of directors (“Voting Stock”) of such
corporation or person immediately after such transaction are held in the aggregate by the holders of Voting Stock of ASI immediately prior to such transaction; 
 (ii) ASI sells or otherwise transfers all or substantially all of its assets to another corporation or other legal person, and as a result
of such sale or transfer less than two-thirds of the combined voting power of the then-outstanding Voting Stock of such corporation or person immediately after such sale or transfer is held in the aggregate by the holders of Voting Stock of ASI
immediately prior to such sale or transfer; 
 (iii) there is a report filed on Schedule 13D or Schedule 14D-1 (or any
successor schedule, form or report), each as promulgated pursuant to the Act, disclosing that any person (as the term “person” is used in Section 13(d)(3) or Section 14(d)(2) of the Act) has become the direct or indirect
beneficial owner (as the term “beneficial owner” is defined under Rule 13d-3 or any successor rule or regulation promulgated under the Act) of securities representing 50% or more of the combined voting power of the then-outstanding Voting
Stock of ASI; 

 (iv) ASI files a report or proxy statement with the Securities and Exchange Commission
pursuant to the Act disclosing in response to Form 8-K or Schedule 14A (or any successor schedule, form or report or item therein) that a change in control of ASI has occurred or will occur in the future pursuant to any then-existing contract or
transaction; or 
 (v) if, during any period of two consecutive years, individuals who at the beginning of any such period
constitute the directors of ASI cease for any reason to constitute at least a majority thereof; provided, however, that for purposes of this clause (v) each director who is first elected, or first nominated for election by ASI’s
stockholders, by a vote of at least two-thirds of the directors of ASI (or a committee thereof) then still in office who were directors of ASI at the beginning of any such period will be deemed to have been a director of ASI at the beginning of such
period; and provided further that this clause (v) shall not commence applicability until such time as at least five directors are serving concurrently on the Board, but shall apply thereafter regardless of the number of directors. 

Notwithstanding the foregoing provisions of clauses (iii) or (iv) above, unless otherwise determined in a specific case by majority vote of
the Board, a “Change in Control” will not be deemed to have occurred for purposes of clause (iii) or clause (iv) above (A) solely because (1) ASI, (2) a Subsidiary, or (3) any Company-sponsored employee stock
ownership plan or any other employee benefit plan of ASI or any Subsidiary either files or becomes obligated to file a report or a proxy statement under or in response to Schedule 13D, Schedule 14D-1, Form 8-K or Schedule 14A (or any successor
schedule, form or report or item therein) under the Act disclosing beneficial ownership by it of shares of Voting Stock of ASI, whether in excess of 50% or otherwise, or because ASI reports that a change in control of ASI has occurred or will occur
in the future by reason of such beneficial ownership or any increase or decrease thereof; or (B) solely because of the distribution by American Software, Inc., a Georgia corporation (“ASI”), of all or any portion of its Voting Stock
of ASI to the Shareholders of ASI. 
 (d) “Code” means the Internal Revenue Code of 1986, as in effect from time to
time. 
 (e) “Committee” shall refer to either the Stock Option Committee or the Special Stock Option Committee.

 (f) “Common Stock” means the Class A Common Shares of ASI, $0.10 par value per share, or any security into
which such shares may be changed by reason of any transaction or event of the type described in Section 10. 
 (g)
“Date of Grant” means the date specified by the Stock Option Committee or the Special Stock Option Committee, as applicable, on which a grant of Stock Options will become effective (which date will not be earlier than the date on which
such Committee takes action with respect thereto). 
 (h) “Incentive Stock Option” means a Stock Option granted in
accordance with Section 422 of the Code. 
 (i) “Market Value per Share” means (i) for Stock Options
granted prior to ASI’s registration of the Common Stock under the Securities Exchange Act of 1934 (“1934 Act Registration”), the fair market value per share of the Common Stock on the Date of Grant as determined by the Stock
Option Committee or the Special Stock Option Committee, as applicable, and (ii) with respect to Stock Options granted after 1934 Act Registration, the average of the high and low closing sale prices as reported on any national securities
exchange or automated quotation system on which the Common Stock is listed on the Date of Grant if such date is a trading day and, if such date is not a trading day, on the immediately preceding date which is a trading day. 
 (j) “Nonemployee Director” means a member of the Board who is not an employee of ASI or any Subsidiary and who qualifies as a
“disinterested person” within the meaning of Rule 16b-3. 
  

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 (k) “Nonqualified Stock Option” means a Stock Option other than an Incentive
Stock Option. 
 (l) “Option Price” means the purchase price per share payable on exercise of a Stock Option.

 (m) “Participant” means a person who is selected by the Stock Option Committee or the Special Stock Option
Committee, as applicable, to receive Stock Options and who is at that time (i) an executive officer or other key employee of ASI or any Subsidiary, (ii) an advisor or consultant to ASI or any Subsidiary, or (iii) a member of the
Board. 
 (n) “Rule 16b-3” means Rule 16b-3 under Section 16 of the Act, as such Rule is in effect from time to
time. 
 (o) “Special Stock Option Committee” means (i) a committee that at all times consists of at least two
Nonemployee Directors and all of whose members qualify as “outside directors” within the meaning of Section 162(m) of the Code. 
 (p) “Stock Option” means the right to purchase shares of Common Stock upon exercise of an option granted pursuant to Section 4 or 5. 
 (q) “Stock Option Committee” means the Stock Option Committee appointed by the Board. Prior to the appointment of such a
committee, the Board shall be deemed the Stock Option Committee. 
 (r) “Subsidiary” means any corporation,
partnership, joint venture or other entity in which ASI owns or controls, directly or indirectly, not less than 50% of the total combined voting power or equity interests represented by all classes of stock issued by such corporation, partnership,
joint venture or other entity. 
 (s) “10-Percent Shareholder” means any person who at the time of a Stock Option
grant owns capital stock of ASI possessing more than 10% of the combined voting power of all classes of capital stock of ASI. 
 3. Shares
Available Under Plan. The shares of Common Stock which may be issued under the Plan will not exceed in the aggregate 281,024 shares, subject to adjustment as provided in Section 10. Such shares may be shares of original issuance or treasury
shares or a combination of the foregoing. This maximum number represents shares of Common Stock that may be issued under Stock Options outstanding effective July 9, 2009. Any shares of Common Stock that are subject to Stock Options that are
terminated, expire unexercised, are forfeited or are surrendered will not again be available for issuance under the Plan. No further Stock Options may be granted under the Plan. 
 Sections 4-8 Omitted. 
 9.
Transferability. Except as otherwise expressly provided in the agreement evidencing a Stock Option, or in any amendment to such agreement, no Stock Option will be transferable by a Participant other than by will or the laws of descent and
distribution, and during the lifetime of the Participant may be exercised only by the Participant. 
 10. Adjustments. The Board or
the appropriate Stock Option Committee under Section 12 may make or provide for such adjustments in the maximum number of shares of Common Stock specified in Section 3, in the number of shares of Common Stock covered by outstanding Stock
Options or in the Option Price applicable to any such Stock Options and/or in the kind of shares covered thereby (including shares of another issuer), as the Board or such Committee in its sole discretion, exercised in good faith, may determine is
equitably required to prevent dilution or enlargement of the rights of Participants that otherwise would result from any stock dividend, stock split, combination of shares, recapitalization or other change in the capital structure of ASI, merger,
consolidation, spin-off, reorganization, partial or complete liquidation, issuance of rights or warrants to purchase securities or any other corporate transaction or event having an effect similar to any of the foregoing. Any fractional shares
resulting from the foregoing adjustments will be eliminated. 
  

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 11. Withholding of Taxes. To the extent that ASI is required to withhold federal, state, local or
foreign taxes in connection with any benefit realized by a Participant under the Plan and the amounts available to ASI for such withholding are insufficient, it will be a condition to the realization of such benefit that the Participant make
arrangements satisfactory to ASI for payment of the balance of such taxes required to be withheld. In addition, if permitted by appropriate Committee under Section 12, a Participant may elect to have any withholding obligation of the Company
satisfied, in whole or in part, by (i) authorizing the Company to withhold from shares of Common Stock to be issued pursuant to any Stock Option a number of shares with an aggregate Market Value per Share (as of the date the withholding is
effected) that would satisfy the minimum withholding amount due, or (ii) transferring to the Company shares of Common Stock owned by the Participant with an aggregate Market Value per Share (as of the date the withholding is effected) that
would satisfy the minimum withholding amount due. 
 12. Administration of the Plan. 
 (a) The Plan will be administered by the Stock Option Committee with respect to Stock Options held by persons who are not executive
officers of ASI and by the Special Stock Option Committee with respect to Stock Options held by executive offers of ASI. For purposes of any action taken by the Stock Option Committee or the Special Stock Option Committee, whichever is applicable, a
majority of the members will constitute a quorum, and the action of the members present at any meeting at which a quorum is present, or acts unanimously approved in writing, will be the acts of such Committee. 
 (b) Subject to the allocation of administrative responsibilities set forth in Section 12(a), the Stock Option Committee and the
Special Stock Option Committee have the full authority and discretion to administer the Plan and to take any action that is necessary or advisable in connection with the administration of the Plan, including without limitation the authority and
discretion to interpret and construe any provision of the Plan or of any agreement, notification or document evidencing the grant of a Stock Option. The interpretation and construction by the Stock Option Committee, the Special Stock Option
Committee or the Board of Directors, as applicable, of any such provision and any determination by the respective Committee pursuant to any provision of the Plan or of any such agreement, notification or document will be final and conclusive. No
member of the Board or of either Committee will be liable for any such action or determination made in good faith. 
 (c)
Notwithstanding the provisions of Section 12(b), if any authority, discretion or responsibility granted to the Special Stock Option Committee under the Plan would, if exercised or discharged by the Special Stock Option Committee, cause any
Stock Option held by an executive officer of ASI to fail to satisfy the requirements of Rule 16b-3, such authority, discretion or responsibility may be exercised by the Board to the same extent and with the same effect as if exercised by the Special
Stock Option Committee; provided, however, that such act of the Board will not cause the any such Stock Option to fail to satisfy the requirements of Rule 16b-3 or cause any member of the Special Stock Option Committee to cease to be a disinterested
administrator for purposes of Rule 16b-3. 
 13. Amendments, Etc. 
 (a) The Stock Option Committee, or the Special Stock Option Committee, as applicable, or the Board of Directors may, without the consent
of the Participant, amend any agreement evidencing a Stock Option, or otherwise take action, to accelerate the time or times at which the Stock Option may be exercised, to extend the expiration date of such Stock Option, to waive any other condition
or restriction applicable to such Participant or to the exercise of such Stock Option, to reduce the exercise price of such Stock Option, to amend the definition of a Change in Control to expand the events that would constitute a Change in Control,
even if such definition may be different from that contained in the Plan, and may amend any such agreement in any other respect with the consent of the Participant. 
 (b) The Plan may be amended from time to time by the Board but may not be amended without further approval by the shareholders of ASI if
such Plan amendment would result in any Stock Options under no longer satisfying the requirements of 

  

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Rule 16b-3. In the event any law, or any rule or regulation issued or promulgated by the Internal Revenue Service, the Securities and Exchange Commission,
the FINRA, any stock exchange upon which the Common Stock is listed for trading, or any other governmental or quasi-governmental agency having jurisdiction over ASI, the Common Stock or the Plan requires the Plan to be amended, or in the event Rule
16b-3 is amended or supplemented (e.g., by addition of alternative rules) or any of the rules under Section 16 of the Act are amended or supplemented to permit ASI to remove or lessen any restrictions on or with respect to Stock Options,
the Board of Directors reserves the right to amend the Plan to the extent of any such requirement, amendment or supplement, and all Stock Options then outstanding will be subject to such amendment. 
 (c) The Plan may be terminated at any time by action of the Board, but in any event will terminate on the tenth anniversary of the
effective date of the Plan. The termination of the Plan will not adversely affect the terms of any outstanding Stock Option. 
 (d) The Plan will not confer upon any Participant any right with respect to continuance of employment or other service with ASI or any Subsidiary, nor will it interfere in any way with any right ASI or any Subsidiary would otherwise have to
terminate a Participant’s employment or other service at any time. 
  

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