Document:

Form of Restricted Stock Unit Grant Notice

 Exhibit 10.2 

VOLCANO CORPORATION 

RESTRICTED STOCK UNIT GRANT NOTICE

 (AMENDED AND RESTATED 2005 EQUITY COMPENSATION
PLAN) 
 Volcano Corporation (the “Company”), pursuant to Section 6(b) of the Company’s
Amended and Restated 2005 Equity Compensation Plan (the “Plan”), hereby grants to Participant a Restricted Stock Unit Award covering the number of restricted stock units (the “RSUs”) set forth below
(the “Award”). This Award is subject to all of the terms and conditions of this Restricted Stock Unit Grant Notice as well as the Restricted Stock Unit Award Agreement (the “Agreement”) and the Plan,
both of which are attached hereto and incorporated by reference herein in their entirety. Unless otherwise defined herein, capitalized terms shall have the meanings set forth in the Plan or the Agreement, as applicable. 

 

					
	Participant:	  	  
	  	
	Date of Grant:	  	  
	  	
	Vesting Commencement Date:	  	  
	  	
	Number of RSUs:	  	  
	  	
	Payment for Common Stock:	  	Participant’s services to the Company (to the greatest extent permitted by applicable law)

Vesting Schedule: This Award shall vest as to 100% of the RSUs on the earlier of the date of the first annual meeting of the stockholders to be
held in 2011 and the first anniversary of the Date of Grant, subject to Participant’s Continuous Service through such vesting date. 

Issuance Schedule: Except as provided in Section 3 of the Agreement, the Company shall issue and deliver one (1) share of Common Stock
for each RSU that has vested under this Award on the earliest to occur of: 
  

	 	•	 	 January 1, 20    ; 

  

	 	•	 	 The
4th business day after the Participant’s
“separation from service” as a director (as defined under Treasury Regulation Section 1.409A-1(h), without regard to any alternative definitions therein), unless the Participant is a “Specified Employee” (as defined under
Treasury Regulation Section 1.409A-1(i)) as of the date of the separation from service, in which case delivery will occur on the
4th business day after the earlier of (i) the date of
the Participant’s death and (ii) the date that is 6 months after the separation from service; and 

  

	 	•	 	 a Change in Ownership (as defined below). 

Change in Ownership: A “Change in Ownership” shall mean the Company consummates a transaction or series of transactions that
results in a Change in Control that is also a “change in ownership or effective control of” the Company or a change “in the ownership of a substantial portion of the assets of” the Company (as defined in Treasury Regulation
Sections 1.409A-3(i)(5)(v), (vi) and (vii), without regard to any alternative definitions therein). 
 Additional
Terms/Acknowledgements: Participant acknowledges receipt of, and understands and agrees to, this Grant Notice, the Agreement and the Plan. Participant further acknowledges that as of the Date of Grant, this Grant Notice, the Agreement and the
Plan set forth the entire understanding between Participant and the Company regarding the award of the RSUs and the underlying Common Stock and supersede all prior oral and written agreements on that subject with the exception of (i) Stock
Awards previously granted and delivered to Participant under the Plan, and (ii) the following agreements only: 
  

			
	OTHER AGREEMENTS:	  	  

 

									
	VOLCANO CORPORATION	 		 	PARTICIPANT
				
	By:	 	  
	 		 	  

		 	Signature	 		 	Signature
					
	Title:	 	  
	 		 	Date:	 	  

					
	Date:	 	  
	 		 		 	

 ATTACHMENTS: Restricted Stock Unit Award Agreement and the Amended and
Restated Equity Compensation Plan 

 VOLCANO CORPORATION 

AMENDED AND RESTATED 2005 EQUITY COMPENSATION
PLAN 
 RESTRICTED STOCK UNIT AWARD
AGREEMENT 
 Pursuant to the Restricted Stock Unit Grant Notice (“Grant Notice”) and
this Restricted Stock Unit Award Agreement (“Agreement”), Volcano Corporation (the “Company”) has granted you a Restricted Stock Unit Award pursuant to the Company’s Amended and Restated 2005
Equity Compensation Plan (the “Plan”) for the number of restricted stock units (“RSUs”) as indicated in the Grant Notice (such grant, the “Award”). Unless otherwise defined
herein or the Grant Notice, capitalized terms shall have the meanings set forth in the Plan. 
 The details of your Award, in
addition to those set forth in the Grant Notice and the Plan, are as follows. 
 1. GRANT OF
THE AWARD. 
 (a) Subject to the terms and conditions provided herein and in the Plan,
the Award represents the right to be issued on a future date one (1) share of Common Stock for each RSU that vests. As of the Date of Grant, the Company will credit to a bookkeeping account maintained by the Company for your benefit (the
“Account”) the number of RSUs subject to the Award. No shares of Common Stock subject to the Award will be earned by or issued to you prior to the applicable vesting date. Your Award will be subject to adjustment for changes
in the capitalization of the Company as provided in Section 9(a) of the Plan, and any shares, cash or other property that become subject to the Award pursuant to such adjustment, if any, shall be subject, in a manner determined by the Board, to
the same forfeiture restrictions, restrictions on transferability, and time and manner of delivery as applicable to the other shares covered by your Award. In no event will fractional shares be issued. 

(b) This Award was granted in consideration of your services to the Company. Except as otherwise provided herein, you will not be
required to make any payment to the Company (other than past and future services to the Company) with respect to your receipt of the Award, the vesting of the RSUs or the delivery of the underlying Common Stock. 

2. VESTING. The RSUs shall vest, if at all, as provided in the Vesting Schedule set forth in your
Grant Notice, provided, however, that vesting shall cease at such time as you are no longer employed by, or providing service to, the Employer. Upon such termination of employment and service, the RSUs (and underlying shares of Common Stock)
credited to the Account that were not vested on the date of such termination will be forfeited at no cost to the Company and you will have no further right, title or interest in or to such RSUs or underlying shares of Common Stock. 

3. DELIVERY OF SHARES OF COMMON STOCK. 

 (a) Subject to the satisfaction of any withholding obligations set forth in this Agreement, in the
event one or more RSUs vests, the Company shall issue to you one (1) share of Common Stock for each RSU in accordance with the Issuance Schedule set forth in the Grant Notice; provided, however, that if the issuance of such shares occurs
upon your separation from service, and if you are then a “specified employee” (as such term is defined in Section 409A(a)(2)(B)(i) of the Code) of the Company or any successor entity thereto, then, solely to the extent necessary to
avoid the incurrence of the adverse personal tax consequences to you under Code Section 409A, the issuance of such shares shall be delayed until the
4th business day after the earlier to occur of
(i) the date that is six (6) months after your separation from service and (ii) the date of your death. The issuance date determined by this paragraph is referred to as the “Original Issuance Date”. 

(b) Notwithstanding the foregoing, if (i) there is a withholding obligation on the part of the Company on the Original
Issuance Date, and (ii) the Original Issuance Date does not occur (1) during an “open window period” applicable to you, as determined by the Company in accordance with the Company’s then-effective policy on trading in
Company securities, or (2) on a date when you are otherwise permitted to sell shares of Common Stock on an established stock exchange or stock market, and (iii) the Company elects, prior to the Original Issuance Date, (1) not to
satisfy the tax withholding obligations by withholding shares of Common Stock from the shares otherwise due, on the Original Issuance Date, to you under this Award, and (2) not to permit you to enter into a “same day sale” commitment
with a broker-dealer pursuant to this Agreement (including but not limited to a commitment under a previously established Company-approved 10b5-1 trading plan), then such shares shall not be delivered on such Original Issuance Date and shall instead
be delivered on the first business day of the next occurring open window period applicable to you or the next business day when you are not prohibited from selling shares of the Company’s Common Stock in the open public market, but in no
event later than December 31 of the calendar year in which the Original Issuance Date occurs (that is, the last day of your taxable year in which the Original Issuance Date occurs). 

 4. WITHHOLDING. You hereby agree to make adequate
provision for any sums required to satisfy the applicable federal, state, local and foreign employment, social insurance, payroll, income and other tax withholding obligations of the Company or any Affiliate (the “Tax
Obligations”) that arise in connection with this Award. The satisfaction of the Tax Obligations will occur at the time you receive a distribution of Common Stock or other property pursuant to this Award, or at any time prior to or after
such time or thereafter as reasonably requested by the Company and/or any affiliate in accordance with applicable law. You hereby authorize the Company, at its sole discretion and subject to any limitations under applicable law, to satisfy any such
Tax Obligations by (a) withholding from wages and other cash compensation payable to you, (b) causing you to tender a cash payment to the Company, (c) permitting you to enter into a “same day sale” commitment with a
broker-dealer that is a member of the Financial Industry Regulatory Authority (a “FINRA Dealer”) whereby you irrevocably elect to sell a portion of the shares to be delivered under the Award to satisfy the applicable Tax
Obligations and whereby the FINRA Dealer irrevocably commits to forward the proceeds necessary to satisfy the Tax Obligations directly to the Company and/or its Affiliates, and (d) withholding shares that are otherwise to be issued and
delivered to you under this Award in satisfaction of the Tax Obligations (provided, however, that the amount of the shares so withheld will not exceed the amount necessary to satisfy the required Tax Obligations using the minimum statutory
withholding rates that are applicable to this kind of income). In the event the Tax Obligations arise prior to the delivery of the shares or it is determined after the delivery of shares or other property that the amount of the Tax Obligations was
greater than the amount withheld by the Company and/or any affiliate, you agree to indemnify and hold the Company and its affiliates harmless from any failure by the Company and/or any affiliate to withhold the proper amount. The Company may refuse
to deliver the shares of Common Stock or other property subject to this Award if you fail to comply with your obligations in connection with the Tax Obligations. 

5. SECURITIES LAW COMPLIANCE; RESTRICTIVE
LEGENDS. You may not be issued any Common Stock under your Award unless either (i) the shares of Common Stock are then registered under the Securities Act, or (ii) the Company has determined that such
issuance would either satisfy or otherwise be exempt from the registration requirements of the Securities Act. Your Award must also comply with other applicable laws and regulations governing the Award, and you shall not receive such Common Stock if
the Company determines that such receipt would not be in material compliance with such laws and regulations. The Common Stock issued under your Award shall be endorsed with appropriate legends, if any, determined by the Company. 

(c) COMPLIANCE WITH SECTION 409A OF THE
CODE. Issuance of shares under this Award is intended to comply with U.S. Treasury Regulation Section 1.409A-3(a) and shall be construed and administered in such a manner. Each
installment of RSUs that vests hereunder is intended to constitute a “separate payment” for purposes of Treasury Regulation Section 1.409A-2(b)(2). The Company has no duty or obligation to minimize the tax consequences to you of this
Award and shall not be liable to you for any adverse tax consequences to you arising in connection with this Award. You are hereby advised to consult with your own personal tax, financial and/or legal advisors regarding the tax consequences of this
Award and by signing the Grant Notice, you have agreed that you have done so or knowingly and voluntarily declined to do so. 

6. DIVIDENDS. You shall receive no benefit or adjustment to your Award with respect to any cash dividend, stock
dividend or other distribution that does not result from a Capitalization Adjustment as provided in Section 9(a) of the Plan; provided, however, that this sentence shall not apply with respect to any shares of Common Stock that are delivered to
you in connection with your Award after such shares have been delivered to you. 

 7. TRANSFER RESTRICTIONS. Prior
to the time that shares of Common Stock have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect of your Award, except as expressly provided in this Section 7. For
example, you may not use shares that may be issued in respect of your RSUs as security for a loan. The restrictions on transfer set forth herein will lapse upon delivery to you of shares in respect of your vested RSUs. 

(a) Death. Your Award is transferable by will and by the laws of descent and distribution. In addition, upon receiving written
permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form provided by or otherwise satisfactory to the Company and any broker designated by the Company to effect transactions under the
Plan, designate a third party who, in the event of your death, shall thereafter be entitled to receive any distribution of Common Stock or other consideration to which you were entitled at the time of your death pursuant to this Agreement. In the
absence of such a designation, your executor or administrator of your estate shall be entitled to receive, on behalf of your estate, such Common Stock or other consideration. 

(b) Certain Trusts. Upon receiving written permission from the Board or its duly authorized designee, you may transfer your
Award to a trust if you are considered to be the sole beneficial owner (determined under Section 671 of the Code and applicable state law) while the Award is held in the trust, provided that you and the trustee enter into transfer and other
agreements required by the Company. 
 (c) Domestic Relations Orders. Upon receiving written permission from the
Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by the Company, you may transfer your Award or your right to receive the distribution of Common Stock or
other consideration thereunder, pursuant to a domestic relations order that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss the proposed terms of any division of this Award with the Company
prior to finalizing the domestic relations order to help ensure the required information is contained within the domestic relations order. 

8. AWARD NOT A SERVICE CONTRACT. Your
Award is not an employment or service contract, and nothing in your Award shall be deemed to create in any way whatsoever any obligation on your part to continue in the service of the Company or any Affiliate, or on the part of the Company or any
Affiliate to continue such service. In addition, nothing in your Award shall obligate the Company or any Affiliate, their respective stockholders, boards of directors or employees to continue any relationship that you might have as an Employee or
Consultant of the Company or any Affiliate. 
 9. UNSECURED OBLIGATION. Your
Award is unfunded, and even as to any RSUs that vest, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue Common Stock pursuant to this Agreement. You shall not have voting or
any other rights as a stockholder of the Company with respect to the Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 3 of this Agreement. Upon such issuance, you will obtain full
voting and other rights as a stockholder of the Company with respect to the Common Stock so issued. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a
fiduciary relationship between you and the Company or any other person. 
 10. NOTICES;
ELECTRONIC DELIVERY. Any notices required to be given or delivered to the Company under the terms of this Award shall be in writing and addressed to the Company at its principal corporate offices. Any
notice required to be given or delivered to you shall be in writing and addressed to your address as on file with the Company at the time notice is given. All notices shall be deemed effective upon personal delivery or upon deposit in the U.S. mail,
postage prepaid and properly addressed to the party to be notified. Notwithstanding the foregoing, the Company may, in its sole discretion, decide to deliver any documents related to participation in the Plan and this Award by electronic means or to
request your consent to participate in the Plan by electronic means. You hereby consent to receive such documents by electronic delivery and, if requested, to agree to participate in the Plan through an on-line or electronic system established and
maintained by the Company or another third party designated by the Company. 

 11. HEADINGS. The headings of the Sections in
this Agreement are inserted for convenience only and shall not be deemed to constitute a part of this Agreement or to affect the meaning of this Agreement. 

12. AMENDMENT. This Agreement may be amended only by a writing executed by a duly authorized
Officer of the Company and you which specifically states that it is amending this Agreement. Notwithstanding the foregoing, this Agreement may be amended solely by the Company by a writing which specifically states that it is amending this
Agreement, so long as a copy of such amendment is delivered to you, and provided that no such amendment adversely affecting your rights hereunder may be made without your written consent. Without limiting the foregoing, the Company reserves the
right to change, by written notice to you, the provisions of this Agreement in any way it may deem necessary or advisable to carry out the purpose of the grant as a result of any change in applicable laws or regulations or any future law,
regulation, ruling, or judicial decision. 
 13. MISCELLANEOUS. 

(a) The rights and obligations of the Company under your Award shall be transferable by the Company to any one or more persons or
entities, and all covenants and agreements hereunder shall inure to the benefit of, and be enforceable by the Company’s successors and assigns. 

(b) You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination of the
Company to carry out the purposes or intent of your Award. 
 (c) You acknowledge and agree that you have reviewed your
Award in its entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting your Award and fully understand all provisions of your Award. 

(d) This Agreement shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental
agencies or national securities exchanges as may be required. 
 (e) The provisions of this Agreement will inure to the
benefit of, and be binding upon the Company and its successors and assigns (whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business
and/or assets of the Company) and you and your assigns, legal representatives, heirs and legatees of your estate and any beneficiaries designated by you. 

14. GOVERNING PLAN DOCUMENT. Your Award is subject to all the
provisions of the Plan, the provisions of which are hereby made a part of your Award, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan. In
the event of any conflict between the provisions of your Award and those of the Plan, the provisions of the Plan shall control; provided, however, that Section 3 of this Agreement shall govern the timing of any distribution of Common
Stock under your Award. The Company shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation, and application of the Plan as are consistent therewith and to interpret or revoke any
such rules. All actions taken and all interpretations and determinations made by the Board shall be final and binding upon you, the Company, and all other interested persons. No member of the Board shall be personally liable for any action,
determination, or interpretation made in good faith with respect to the Plan or this Agreement. 
 15. EFFECT
ON OTHER EMPLOYEE BENEFIT PLANS. The value of the Award subject to this Agreement shall not be included as compensation, earnings, salaries, or
other similar terms used when calculating benefits under any employee benefit plan (other than the Plan) sponsored by the Company or any Affiliate except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend,
modify, or terminate any or all of the employee benefit plans of the Company or any Affiliate. 
 16. CHOICE
OF LAW. The interpretation, performance and enforcement of this Agreement shall be governed by the law of the state of California without regard to such state’s conflicts of laws rules.

 17. SEVERABILITY. If all or any part of this
Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid. Any Section of
this Agreement (or part of such a Section) so declared to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining
lawful and valid. 
 18. OTHER DOCUMENTS. You hereby acknowledge
receipt or the right to receive a document providing the information required by Rule 428(b)(1) promulgated under the Securities Act (which includes the prospectus for the Plan). In addition, you acknowledge receipt of the Company’s insider
trading policy in effect from time to time. 
 * * * * * 

This Restricted Stock Unit Award Agreement shall be deemed to be signed by the Company and you upon the signing by you of the Restricted
Stock Unit Grant Notice to which it is attached. 

 VOLCANO CORPORATION 

AMENDED AND RESTATED 2005 EQUITY COMPENSATION
PLANDirector Compensation Policy

 Exhibit 10.3 

VOLCANO CORPORATION 

DIRECTOR COMPENSATION POLICY 

ADOPTED: June 6, 2007 

LAST REVISED: May 5, 2010 

A. Directors. All non-employee members of the board of directors (the “Board”) of Volcano Corporation (the “Company”)
shall receive the following compensation pursuant to this Director Compensation Policy (this “Policy”): 
  

	 	1)	Annual cash compensation in an amount equal to $37,000, accruing monthly and payable on a quarterly basis at the end of each calendar quarter of service, as an annual
retainer for Board service. 

  

	 	2)	In addition to the cash compensation set forth in Section A(1) immediately above, the Chairman of the Board shall receive an annual payment in an amount equal to
$30,000, payable on a quarterly basis at the end of each calendar quarter of service, as a retainer for his or her service as the Chairman of the Board; provided, however, that the Board may, in its sole discretion, adjust the amount
based on the services to be performed, or contributions to be provided, by the Chairman of the Board to the Company; and provided further that such annual payment for service as the Chairman of the Board shall be reduced by any amounts
received during such year pursuant to Sections B(2), C(2) and D(2) below, for service as Chairman of the Audit Committee, Compensation Committee and Corporate Governance Committee, respectively. 

 

	 	3)	Reasonable out-of-pocket travel expenses, to cover in-person attendance at and participation in Board meetings. 

 

	 	4)	For each non-employee director who did not previously serve as an employee-director, subject to the terms and conditions of the Company’s 2005 Equity Compensation
Plan (or any successor plan thereto), on the date that such non-employee director is first elected or appointed to the Board, the director will receive, without further action by the Board: 

 

	 	(a)	A stock option to purchase shares of the Company’s Common Stock (the “Common Stock”) (an “Initial Option Grant”) covering the number of shares
of Common Stock (rounded down to the nearest whole share) having a Black-Scholes value, determined as of the grant date, equal to $62,500. The Initial Option Grant will vest as to 1/36th of the shares subject to the Initial Option Grant each month,
commencing one month after the date of election or appointment. 

  

	 	(b)	 A restricted stock unit (the “Initial RSU Grant”) covering the number of shares of Common Stock (rounded down to the nearest whole share)
having a Fair Market Value, determined as of the grant date pursuant to the applicable stock plan, equal to $62,500 (that is, $62,500 divided by the Fair Market Value of a share of Common Stock on the date of grant). The Initial RSU Grant will vest
as to 1/3rd of the shares subject to the Initial RSU Grant
on each anniversary of the date of election or appointment. 

  

	 	(c)	 If the director is first appointed or elected effective on a date other than at the annual meeting of stockholders, an additional stock option to
purchase Common Stock (a “Prorated Annual Option”) covering the number of shares of Common Stock (rounded down to the nearest whole share) having a Black-Scholes value, determined as of the grant date, equal to the product of
(i) $45,000 and (ii) a fraction, the numerator of which is (1) twelve less (2) the number of whole months that have elapsed from the date of the last annual meeting of stockholders until the date of such election or
appointment (such numerator, the “Vesting Period”), and the denominator of which is twelve (such fraction, the “Applicable Fraction”). The shares subject to the Prorated Annual Option will vest on an equal monthly basis over the
Vesting Period, commencing one month after the date of election or appointment, as to such number of shares as shall equal the product obtained by multiplying the number of shares subject to the Prorated Annual Option by a fraction, the numerator of
which is one and the denominator of which equals the Vesting Period. For example, if the last annual meeting of stockholders was held on June 1, 2011 and a director is elected or appointed to the Board for the first time on August 15,
2011, the Applicable Fraction would be 10/12, and the Prorated Annual Option would vest as to
1/10th of the shares subject to the Prorated Annual Option
per month over 10 months. 

	 	(d)	If the director is first appointed or elected effective on a date other than at the annual meeting of stockholders, an additional restricted stock unit to purchase
Common Stock (a “Prorated Annual RSU”) covering the number of shares of Common Stock (rounded down to the nearest whole share) having a Fair Market Value, determined as of the grant date pursuant to the applicable stock plan, equal to the
product of (i) $45,000 and (ii) the Applicable Fraction. The shares subject to the Prorated Annual Option will vest in full on the earlier of the date of the next annual meeting of the stockholders and the date of the first anniversary of
the last annual meeting of stockholders. 

  

	 	(e)	For the avoidance of doubt, in the event that the number of whole months that have elapsed from the date of the last annual meeting of stockholders until the date an
eligible director is elected or appointed to the Board for the first time shall exceed eleven, no Prorated Annual Option or Prorated Annual RSU shall be granted to such director. 

 

	 	(f)	Vesting of an Initial Option Grant, an Initial RSU Grant, a Prorated Annual Option and a Prorated Annual RSU will cease if the non-employee director resigns from the
Board or otherwise ceases to serve as a non-employee director, unless the Board determines that the circumstances warrant continuation of vesting. 

  

	 	5)	Subject to the terms and conditions of the Company’s 2005 Equity Compensation Plan (or any successor plan thereto), on the date of each annual meeting of
stockholders, each non-employee director who is then serving as a director of the Company or who is appointed or elected to the Board on the date of such annual meeting of stockholders will receive: 

 

	 	(a)	A stock option to purchase shares of the Company’s Common Stock (an “Annual Option Grant”) covering the number of shares of Common Stock (rounded down to
the nearest whole share) having a Black-Scholes value, determined as of the grant date, equal to $45,000. The Annual Option Grant will vest as to 1/12th of the shares subject to the Annual Option Grant each month, commencing one month after the date
of grant. 

  

	 	(b)	A restricted stock unit (an “Annual RSU”) covering the number of shares of Common Stock (rounded down to the nearest whole share) having a Fair Market Value,
determined as of the grant date pursuant to the applicable stock plan, equal to $45,000 (that is, $45,000 divided by the Fair Market Value of a share of Common Stock on the date of grant). The Annual RSU Grant will vest as to all of the shares
subject to the Annual RSU Grant on the earlier of the date of the next annual meeting of the stockholders and the first anniversary of the date of grant. 

  

	 	(c)	Vesting of an Annual Option Grant and an Annual RSU will cease if the non-employee director resigns from the Board or otherwise ceases to serve as a non-employee
director, unless the Board determines that the circumstances warrant continuation of vesting. 

 B. Audit Committee.
In addition to the compensation provided under any other provision of this Policy, all non-employee directors who serve on the Audit Committee will receive the following compensation: 

 

	 	1)	Cash compensation of in an annual amount equal to $7,500, payable on a quarterly basis at the end of each calendar quarter of service, as a retainer for Audit Committee
service. 

  

	 	2)	In lieu of the cash compensation set forth in Section B(1) immediately above, the Chairman of the Audit Committee shall receive an annual payment in an amount equal to
$15,000, payable on a quarterly basis at the end of each calendar quarter of service, as a retainer for his or her Audit Committee service. 

C. Compensation Committee. In addition to the compensation provided under any other provision of this Policy, all non-employee directors
who serve on the Compensation Committee will receive the following compensation: 
  

	 	1)	Cash compensation in an annual amount equal to $5,000, payable on a quarterly basis at the end of each calendar quarter of service, as a retainer for Compensation
Committee service. 

  

	 	2)	In lieu of the cash compensation set forth in Section C(1) immediately above, the Chairman of the Compensation Committee shall receive an annual payment in an amount
equal to $10,000, payable on a quarterly basis at the end of each calendar quarter of service, as a retainer for his or her Compensation Committee service. 

 D. Corporate Governance Committee. In addition to the compensation provided under any other
provision of this Policy, all non-employee directors who serve on the Corporate Governance Committee will receive the following compensation: 
  

	 	1)	Cash compensation in an annual amount equal to $3,000, payable on a quarterly basis at the end of each calendar quarter of service, as a retainer for Corporate
Governance Committee service. 

  

	 	2)	In lieu of the cash compensation set forth in Section D(1) immediately above, the Chairman of the Corporate Governance Committee shall receive an annual payment in an
amount equal to $6,000, payable on a quarterly basis at the end of each calendar quarter of service, as a retainer for his or her Corporate Governance Committee service. 

E. Payment/Grant Procedure. All cash compensation payments made pursuant to this Policy shall be paid quarterly in arrears as soon as
practicable, but not later than 10 business days, after the last day of such quarter and in all cases not later than March 15 of the year following the year in which it was earned. The exercise price for each share subject to any option granted
hereunder will be equal to the fair market value of the Common Stock, on the date of such grant. 
 F. Effective Date. This
Policy, as amended, shall be effective as of May 5, 2010, and without any further action needed on the part of the Board or Compensation Committee. 

G. Change in Control Provisions. Notwithstanding the foregoing, all options and restricted stock units granted under this Policy shall vest
immediately if (i) there is a Change in Control (or comparable term, as defined in the applicable stock plan pursuant to which the award was granted); and (ii) the recipient will cease, as of the effective date of such Change in Control,
to serve as a director of the Company (or as a director of the successor corporation) as a result of such Change in Control. 
 H.
Referenced Documents. 
  

			
	Sections A(4), A(5) and G	  	2005 Equity Compensation Plan, as in effect on the applicable date of grant, and any successor thereto

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