Document:

Form for Performance Share Amendment

 Exhibit 10.3 
 October 10, 2008 
 [Name] 
 1195 NW Compton Dr. 
 Beaverton, OR 97006 
  

	 	Re:	Amendments to Performance Shares in Planar Systems, Inc. 

 Dear
[Name]: 
 The Board of Directors of Planar Systems, Inc. (the “Company”) has amended your outstanding performance shares listed on
Appendix A to this letter (the “Performance Shares”) to modify the vesting schedule of the Performance Shares, to provide for the payment of cash dividends on Shares while the Performance Shares are outstanding, in each case on the
terms and conditions set forth in the amended Performance Share Grant Notice and Performance Share Agreement attached as Appendix B to this letter (the “Amended Grant Terms”) and otherwise conform the terms and conditions of
the Performance Shares to those of the Amended Grant Terms. 
 If the Company does not receive your consent to this amendment as provided
below, the amendment of the Performance Shares as described above will have no effect. To acknowledge and consent to this amendment, please sign and deliver to me no later than November 5, 2008 the Acknowledgment contained in the extra copy of
this letter provided for that purpose so indicating your consent to the amendment of the Performance Shares and your acceptance and agreement with the terms of this letter. Please attach a copy of this letter and your amended Performance Share Grant
Notice and Performance Share Agreement evidencing the Performance Shares to your copy of each Performance Share Grant Notice and Performance Share Agreement evidencing the Performance Shares. 
 Please do not hesitate to contact Diana Baumgartner at (503) 748-6789 if you have any questions regarding this matter. 
  

	
	Very truly yours,
	
	 
	[CEO or Chairman of the Board]

  

			
	ACKNOWLEDGED AND ACCEPTED
		
	By:	 	 
	Name:	 	 
	Date:	 	 

 APPENDIX B 
 PLANAR SYSTEMS, INC. 
 PERFORMANCE SHARE AGREEMENT 
 For: [Name] 
 NOTICE OF GRANT 

 Planar Systems, Inc. (the “Company”) hereby grants you,
                         (the “Employee”), an award of Performance Shares under the Company’s 1996
Stock Incentive Plan, as amended (the “Plan”). The date of this Performance Share Agreement (the “Agreement”) is October 10, 2008 (the “Grant Date”). Subject to the provisions of Appendix A (attached),
Appendix B (attached) and of the Plan, the principal features of this award are as follows: 
  

			
	Target Number of Performance Shares:	  	___________
		
	Performance Period:	  	Fiscal Year 2009 through Fiscal Year 2010
		
	Vesting Schedule:	  	The number of Performance Shares that will vest and the timing of the vesting of the Performance Shares will depend upon achievement of certain performance goals and will be determined in
accordance with the Performance Matrix, attached hereto as Appendix B (the “Performance Matrix”). Except as otherwise provided in Appendix A, the Performance Shares will not vest unless the Employee is employed by the Company or
one of its Subsidiaries through the applicable vesting date.

 Your signature below indicates your agreement and understanding that this award is subject to all
of the terms and conditions contained in Appendix A, Appendix B and the Plan. Important additional information on vesting and forfeiture of the Performance Shares is contained in paragraphs 3, 4 and 6 of Appendix A and in
Appendix B. This Agreement replaces all prior agreements with respect to the Performance Shares. PLEASE BE SURE TO READ ALL OF APPENDIX A AND APPENDIX B, WHICH CONTAIN THE SPECIFIC TERMS AND CONDITIONS OF THIS AGREEMENT.

  

									
	PLANAR SYSTEMS, INC.	 		 	EMPLOYEE
				
	By:	 	 	 		 	 
	Name:	 	 	 		 	Name:	 	 
	Title:	 	[CEO or Chairman of the Board]	 		 	Title:	 	 
			
	Date: October 10, 2008	 		 	Date:
                                , 2008

 Appendix A 
 Terms and Conditions of Performance Shares 
 Grant. The Company hereby grants to the Employee
under the Plan an award of the Target Number of Performance Shares set forth on the Notice of Grant, subject to all of the terms and conditions in this Agreement and the Plan. The number of Performance Shares that may vest and the timing of vesting
of the Performance Shares shall depend upon achievement of certain performance goals during the Performance Period and shall be determined in accordance with the Performance Matrix. Unless otherwise defined herein, capitalized terms used herein
shall have the meanings ascribed to them in the Plan. 
 Company’s Obligation to Pay. Unless and until the Performance Shares
have vested in the manner set forth in paragraphs 3 and 4, the Employee will have no right to payment of such Performance Shares. Prior to actual payment of any vested Performance Shares, such Performance Shares will represent an unsecured
obligation. Payment of any vested Performance Shares shall be made in whole shares of the Company’s common stock (“Shares”) only. 
 Vesting Schedule/Period of Restriction. Except as provided in paragraph 4, and subject to paragraph 6, the Performance Shares awarded by this Agreement shall vest in accordance with the vesting provisions set forth in the
Performance Matrix. Performance Shares shall not vest in the Employee in accordance with any of the provisions of this Agreement unless the Employee shall have been continuously employed by the Company or by one of its Subsidiaries from the Grant
Date until the date the Performance Shares vest in accordance with the provisions set forth in the Performance Matrix. 
 Acceleration of
Vesting; Committee Discretion. In the event Employee is terminated by the Company without “Cause” (as defined in that certain Executive Severance Agreement dated June 25, 2007, between the Company and the Employee, the
“Severance Agreement”) or upon a “Change of Control” (as defined in the Severance Agreement), then any then-unvested Performance Shares will vest according to the greater of the following two formulas: 
  

	 	(a)	A time-based proration over 24 months, based on the number of calendar days, beginning on October 1, 2008 and ending on the date of termination, multiplied by the number of
Performance Shares; or 

  

	 	(b)	The number of Performance Shares that would vest according to the vesting schedule attached as Appendix B to this letter, but substituting a 20 day trailing average closing price
(including any dividends paid during the term of the Performance Period) as of one day prior to the date of the Employee’s termination. 

 In addition, the Committee, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the Performance Shares at any time, subject to the terms of the Plan. If so
accelerated, such Performance Shares will be considered as having vested as of the date specified by the Committee. In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Severance Agreement,
the provisions of this Agreement will govern. 

 Payment after Vesting. Any Performance Shares that vest in accordance with paragraphs 3 or 4
will be paid to the Employee as soon as practicable following the date of vesting but in no event later than 30 days after the date of vesting. For each Performance Share that vests, the Employee will receive one Share. 
 Forfeiture. Notwithstanding any contrary provision of this Agreement, the balance of the Performance Shares that have not vested pursuant to
paragraphs 3 or 4 at the time of the Employee’s termination of service (with or without cause), and Performance Shares that have not vested by October 1, 2010, will be forfeited and automatically transferred to and reacquired by the
Company at no cost to the Company. 
 Death of Employee. Any distribution of Shares that vested during Employee’s lifetime which
is to be made to the Employee under this Agreement after the Employee is deceased shall be made to the administrator or executor of the Employee’s estate. 
 Withholding of Taxes. When Shares are issued as payment for vested Performance Shares, the Company (or the employing Subsidiary) will withhold a portion of the Shares that have an aggregate market value
sufficient to pay federal, state, local and foreign income, social insurance, employment and any other applicable taxes required to be withheld by the Company or the employing Subsidiary with respect to the Shares, unless the Company, in its sole
discretion, permits the Employee to make alternate arrangements satisfactory to the Company for such withholdings in advance of the arising of any withholding obligations. The number of Shares withheld pursuant to the prior sentence will be rounded
up to the nearest whole Share, with no refund for any value of the Shares withheld in excess of the tax obligation as a result of such rounding. Notwithstanding any contrary provision of this Agreement, no Shares will be issued unless satisfactory
arrangements (as determined by the Company) have been made by the Employee with respect to the payment of any income and other taxes which the Company determines must be withheld or collected with respect to such Shares. In addition and to the
maximum extent permitted by law, the Company (or the employing Subsidiary) has the right to retain without notice from salary or other amounts payable to the Employee, cash having a sufficient value to satisfy any tax withholding obligations that
the Company determines cannot be satisfied through the withholding of otherwise deliverable Shares. All income and other taxes related to the Performance Shares award and any Shares delivered in payment thereof are the sole responsibility of the
Employee. By accepting this award, the Employee expressly consents to the withholding of Shares and to any additional cash withholding as provided for in this paragraph 8. 
 Rights as Shareholder. Neither the Employee nor any person claiming under or through the Employee will have any of the rights or privileges of a
shareholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares (which may be in book entry form) shall have been issued, recorded on the records of the Company or its transfer agents
or registrars, and delivered to the Employee (including through electronic delivery to a brokerage account). After such issuance, recordation and delivery, the Employee will have all the rights of a shareholder of the Company with respect to voting
such Shares and receipt of dividends and distributions on such Shares. 

 No Effect on Employment. Subject to any employment contract with the Employee, the terms of such
employment will be determined from time to time by the Company, or the Subsidiary employing the Employee, as the case may be, and the Company, or the Subsidiary employing the Employee, as the case may be, will have the right, which is hereby
expressly reserved, to terminate or change the terms of the employment of the Employee at any time for any reason whatsoever, with or without good cause. The transactions contemplated hereunder and the vesting schedule set forth on the first page of
this Agreement do not constitute an express or implied promise of continued employment for any period of time. A leave of absence or an interruption in service (including an interruption during military service) authorized or acknowledged by the
Company or the Subsidiary employing the Employee, as the case may be, shall not be deemed a termination of service for the purposes of this Agreement. 
 Address for Notices. Any notice to be given to the Company under the terms of this Agreement will be addressed to the Company, in care of its General Counsel, at 1195 NW Compton Drive, Beaverton, OR 97006-1992,
or at such other address as the Company may hereafter designate in writing. 
 Grant is Not Transferable. This grant of Performance
Shares and the rights and privileges conferred hereby may not be sold, pledged, assigned, hypothecated, transferred or disposed of in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or
similar process, until the Employee has been issued Shares in payment of the Performance Shares. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon
any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void. 
 Restrictions on Sale of Securities. The Shares issued as payment for vested Performance Shares under this Agreement will be registered under U.S. federal securities laws and will be freely tradable upon
receipt. However, an Employee’s subsequent sale of the Shares may be subject to any market blackout-period that may be imposed by the Company and must comply with the Company’s insider trading policies, and any other applicable securities
laws. 
 Binding Agreement. Subject to the limitation on the transferability of this grant contained herein, this Agreement will be
binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 Additional Conditions to Issuance of Certificates for Shares. The Company shall not be required to issue any certificate or certificates for Shares hereunder prior to fulfillment of all the following conditions: (a) the
admission of such Shares to listing on all stock exchanges on which such class of stock is then listed; (b) the completion of any registration or other qualification of such Shares under any U.S. state or federal law or under the rulings or
regulations of the Securities and Exchange Commission or any other governmental regulatory body, which the Committee shall, in its absolute discretion, deem necessary or advisable; (c) the obtaining of any approval or other clearance from any
U.S. state or federal governmental agency, 

 
which the Committee shall, in its absolute discretion, determine to be necessary or advisable; and (d) the lapse of such reasonable period of time
following the date of vesting of the Performance Shares as the Committee may establish from time to time for reasons of administrative convenience. 
 Plan Governs. This Agreement is subject to all the terms and provisions of the Plan. In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will
govern. 
 Committee Authority. The Compensation Committee of the Company’s Board of Directors (the “Committee”) will
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 (including, but not limited to,
the determination of whether or not any Performance Shares have vested). All actions taken and all interpretations and determinations made by the Committee in good faith will be final and binding upon the Employee, the Company and all other
interested persons. No member of the Committee will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement. 
 Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.

 Agreement Severable. In the event that any provision in this Agreement is held invalid or unenforceable, such provision will be
severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement. 
 Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects covered. The Employee expressly warrants that Employee is not accepting this Agreement in reliance on any promises,
representations, or inducements other than those contained herein. Modifications to this Agreement can be made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the
Plan or this Agreement, the Company reserves the right to revise this Agreement as it deems necessary or advisable, in its sole discretion and without the consent of the Employee, to comply with Section 409A of the Code or to otherwise avoid
imposition of any additional tax or income recognition under Section 409A of the Code prior to the actual payment of Shares pursuant to this award of Performance Shares. 
 Adjustments Upon Changes in Capital. The aggregate number of Performance Shares covered by this Agreement will be proportionally adjusted for any
increase or decrease in the number of issued and outstanding Shares resulting from a stock split-up or consolidation of Shares or any like capital adjustments, or the payment of any stock dividend. 
 Amendment, Suspension or Termination of the Plan. By accepting this Performance Shares award, the Employee expressly warrants that Employee has
received a right to receive stock under the Plan, and has received, read and understood a description of the Plan. The Employee understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any
time. 

 Governing Law. This award of Performance Shares shall be governed by, and construed in accordance
with, the laws of the State of Oregon, without regard to principles of conflict of laws. 
 Dividends. To the extent that the Company
pays any cash dividends on Shares while this Performance Share award is outstanding and any such Performance Shares are unvested, the Company shall retain for your account an amount in cash equal to any dividends declared on Shares, and such amount
will be paid to you in a lump sum upon the vesting and payment of such Performance Shares in accordance with Section 8, subject to any applicable tax withholding requirements. You shall have no right to receive any payments pursuant to this
Section 24 with respect to Performance Shares that do not vest or are otherwise forfeited. 
 Section 409A. Notwithstanding
anything herein to the contrary, this Agreement is intended to be interpreted and operated to the fullest extent possible so that the payments under this Agreement either shall be exempt from the requirements of Section 409A of the Code or
shall comply with the requirements of such provision; provided however that nothwithstanding anything to the contrary in this Agreement in no event shall the Company be liable to Employee for or with respect to any taxes, penalties or interest which
may be imposed upon Employee pursuant to Section 409A of the Code.Offer to Repurchase Eligible Options for Cash

 Exhibit 10.4 
 October 31, 2008 
  

	RE:	Offer to Repurchase Eligible Options for Cash 

 Dear Mr. Barnes:

 Planar Systems, Inc. (the “Company”) is happy to offer you the opportunity to have the Company repurchase your options to purchase shares of
common stock of the Company under the 1996 Stock Incentive Plan, as amended (the “1996 Plan”) with an exercise price equal to or greater than $10.00 (the “eligible options”). These options are listed on Schedule A
to the attached “Offer to Repurchase Eligible Options.” Please note that this repurchase offer does not extend to any other options you may hold under the 1996 Plan or other Company plans. This repurchase offer allows you to sell your
eligible options for the cash payment set forth on Exhibit A. The offered price is based on a current valuation of the eligible options. If you choose to sell your eligible options pursuant to this repurchase offer, you must sell all your eligible
options. The cash payment, less any applicable tax withholding, will be paid as soon as practicable following your acceptance of this offer. 
 The
accompanying documents describe this stock option repurchase offer in detail, including possible benefits and risks. Please take the time to review the documents and instructions enclosed with this letter and consider your decision carefully.

 We are conducting this offer to provide you with an alternative means of realizing value from your eligible options. Additionally, the option shares
repurchased by the Company will increase the pool of shares available for future grant under the 1996 Plan. We make no recommendations as to whether you should accept this offer, and we recommend that you consult with your own advisors regarding
your decision. 
 If you choose to accept this offer, you must complete and return to us the Letter of Transmittal that is attached to this letter as
Exhibit A, in accordance with the instructions contained in the accompanying offering materials no later than 5:00 P.M., Pacific Time, on November 10, 2008. 
 All questions about this offer should be emailed to Steve.Going@planar.com. 
  

	
	Sincerely,
	
	/s/ Gerald K. Perkel
	
	Enclosures

 PLANAR, INC. 
 OFFER TO REPURCHASE ELIGIBLE OPTIONS 
 Planar Systems, Inc. (the “Company”) is offering you the right (the
“Offer”) to have the Company repurchase your options to purchase shares of common stock of the Company under the 1996 Stock Incentive Plan, as amended (the “1996 Plan”) with an exercise price equal to or greater than $10.00 in
exchange for a cash payment equal to the value of the options, calculated as set forth below (the “Cash Payment”). These options, which we refer to as the “eligible options,” are listed on Schedule A to this Offer
to Repurchase Eligible Options, along with the amount of the Cash Payment. The Cash Payment will be subject to reduction for applicable withholding taxes and charges. 
 If you choose to cancel any of your eligible options, you must agree to cancel all the eligible options you hold. The Offer is subject to all the terms and conditions set forth in this Offer to Repurchase Eligible
Options as well as the accompanying Introductory Letter and Letter of Transmittal, which may be referred to collectively in these materials as this “Offer to Repurchase” or the “offering materials.” The Offer expires at 5:00 P.M.
Pacific Time on November 10, 2008. 
 If you wish to tender your eligible options, you must complete and sign the Letter of Transmittal in accordance
with terms set forth in the offering materials and deliver it to the Company by email to Steve.Going@planar.com or by mail to Attn: Steve Going, Planar Systems, Inc., 1195 NW Compton Dr., Beaverton, OR 97006-1992. Your Letter of Transmittal must be
received by the Company by 5:00 P.M., Pacific Time, on November 10, 2008. 
 All questions about this Offer to Repurchase or requests for assistance or
for additional copies of any offering materials should be made by email to Steve.Going@planar.com or by telephone at (503) 748-8909. 
 Although the
Compensation Committee of the Company’s Board of Directors has authorized this Offer to Repurchase, neither the Company nor the Board of Directors makes any recommendation as to whether or not you should tender your eligible options for the
Cash Payment. The Company also has not authorized any person to make any recommendation on its behalf as to whether you should accept the Offer. You must make your own decision whether to tender your eligible options. In doing so, you should rely
only on the information contained in the offering materials or any other authorized communications from the Company made to you, as no other representations or information has been authorized by the Company. You may also wish to consult with your
own advisors, including tax advisors, before making any decisions regarding the Offer. 
 On October 30, 2008, the closing price of our common stock as
reported on the Nasdaq Global Market was $2.00 per share. We recommend that you obtain current market quotations for our common stock before deciding whether to elect to cancel your eligible options. 

 SUMMARY OF TERMS 
 The following summary is designed to answer some of the questions you may have about the Offer. 
 How the Option
Repurchase Works 
  

	Q1.	What is the Offer? 

 Beginning on the date you receive this Offer to
Repurchase and ending at 5:00 P.M., Pacific Time, on November 10, 2008, you may decide to tender your eligible options for the cash payment set forth on Schedule A (the “Cash Payment”). We are offering to repurchase all stock
options granted under the 1996 Stock Incentive Plan (the “Plan”) held by you with an exercise price equal to or greater than $10.00, which we refer to as the “eligible options.” 
 Participation in the Offer is voluntary. Whether to participate in the Offer is your decision, and you are free to reject the Offer if you so choose. 
  

	Q2.	How much will I receive for my tendered options? 

 For each eligible
option that you elect to cancel, you will receive a Cash Payment equal to the value of the outstanding portion of that option. Schedule A to this Offer to Repurchase sets forth the aggregate amount of your Cash Payment. In determining the amount of
the Cash Payment, the Company valued the eligible options based on a Black-Scholes method of valuation. The Black-Scholes method is a commonly used option valuation model that takes into consideration numerous factors, including the recent trading
range of the Company’s common stock, an assumed stock price volatility ratio, as well as the exercise prices and remaining terms of each eligible option. The Cash Payment varies among the eligible options due to the different vesting schedules
and exercise prices, which were based on the market price of the common stock on the grant date. 
 Once the Black-Scholes value was determined, the Company
then applied a reasonable discount based on the fact that you will receive an immediate cash payment in exchange for the eligible options. The Cash Payment amounts for the different eligible options are listed in the table below. To determine how
your total Cash Payment was calculated, take the number of eligible options for each type of eligible option and multiply it by the cash value of that option listed in the table below and then sum the values calculated for each type of option.

  

						
	 Grant Date
	  	Exercise Price	  	Cash Per Eligible Option
	 10/30/03; 5/13/02
	  	>$20.00	  	$	.05
	 4/21/03
	  	>$15.00 and <$20.00	  	$	.09
	 4/19/04; 4/20/00; 5/19/04
	  	>$10.00 and < $15.00	  	$	.17

 The Company’s determination as to the amount of your Cash Payment is final. 
  

	Q3.	When will I receive my Cash Payment? 

 The Offer will expire
November 10, 2008 at 5:00 P.M., Pacific Time. You will be entitled to a prompt single lump sum cash payment as soon as practicable following the Company’s receipt of your acceptance of the Offer. No interest will accrue and no interest
will be paid on any portion of the payment, regardless of when paid. 

	Q4.	Can I forfeit any portion of my Cash Payment after receiving it? 

 No. If you have elected to tender your eligible options in connection with the Offer, you may not forfeit your associated Cash Payment. 
  

	Q5.	Why is the Company conducting the Offer? 

 The principal reason the
Company originally granted the eligible options was to provide an incentive to valued employees to remain employees of the Company, to help us create stockholder value and to share in the stockholder value that they create. However, our stock price
has generally declined since the time these stock option grants were made, and all of the eligible options are therefore “out of the money.” Due, in part, to the circumstances under which the stock price declined, we wish to provide you
the opportunity to benefit from your hard work despite the loss of the stock’s value. Accordingly, we are providing you the opportunity to obtain the more certain benefit associated with the Cash Payment, in lieu of the less certain, but
potentially more valuable benefit you could receive if you elect to retain your stock options. 
 Additionally, the option shares repurchased by the Company
will increase the pool of shares available for future grant under the 1996 Plan. 
  

	Q6.	Will my decision to participate in the Offer have an impact on my ability to receive options or other equity grants in the future? 

 No. Your election to participate or not participate in the Offer will not have any effect on our making future grants of options or any other equity awards to you or
anyone else. Your participation in the offer will not entitle you to any additional equity grant in the future and any additional equity grants to you will depend on factors generally unrelated to past option awards. The amount of options in total
that are available for future grant is limited by the number of shares authorized under the 1996 Plan. As indicated above, one of our purposes for making the offer is to increase the number of shares available for future grants. Thus, although you
individually will not be entitled to an additional equity grant by participating in the Offer, shares tendered for purchase will increase the pool of shares available for future grant to employees as a whole. 
  

	Q7.	How should I decide whether or not to participate in the Offer? 

 Participating in this repurchase program involves a number of risks, including the risk that the price of our common stock could increase in the future, including as the result of a merger with another company after the expiration date of
the Offer, although there is no such merger transaction contemplated at this time. If the price of our common stock rises above the exercise price of your option, your tendered options might be worth more than the Cash Payment you receive in
exchange for tendering them. 

 Although the Compensation Committee of the Company’s Board of Directors has approved this Offer to Repurchase,
neither the Company nor the Board of Directors makes any recommendation as to whether or not you should tender your eligible options for the Cash Payment. The Company also has not authorized any person to make any recommendation on its behalf as to
whether you should accept the Offer. You must make your own decision whether to tender your eligible options. We cannot guarantee that you would not ultimately receive greater value form your eligible options. You should carefully evaluate all the
information contained in the offering materials and consult with your own advisors, including tax advisors, before making any decisions regarding the Offer. 
  

	Q8.	If I elect to tender my eligible options pursuant to this Offer to Repurchase, do I have to tender all my eligible options or can I just tender some of them?

 You must tender all your eligible options for the Cash Payment if you want to tender any. 
  

	Q9.	If I choose to participate, what will happen to my options that will be tendered? 

 Effective as of 5:00 P.M., Pacific Time, on the date you tender your eligible options, we will cancel all of your eligible options that are accepted by the Company for repurchase. You will no longer have any rights or
obligations with respect to those options. The shares of common stock that could have otherwise been purchased under the cancelled eligible options will be returned to the pool of options available to the Company for grants of new awards under the
1996 Plan. 
 How to Elect to Tender Your Eligible Options 
  

	Q10. 	What do I need to do to participate in the Offer? 

 To participate,
you must complete and sign the Letter of Transmittal and deliver it to the Company by email to Steve.Going@planar.com or by mail to Attn: Steve Going, Planar Systems, Inc., 1195 NW Compton Dr., Beaverton, OR 97006-1992. We must receive your Letter
of Transmittal by 5:00 P.M., Pacific Time, on November 10, 2008. 
  

	Q11. 	What will happen if I do not turn in an executed Letter of Transmittal by the deadline? 

 If you do not return your executed Letter of Transmittal by the deadline, you will not participate in the option repurchase, and all eligible options you currently hold will remain unchanged with their original
exercise price and original terms. 
  

	Q12. 	What if I don’t want to accept the Offer? 

 You don’t have
to accept the Offer. The Offer is completely voluntary, and there are no penalties for electing not to participate. If you do not elect to participate, your outstanding options will remain outstanding under the terms and conditions under which they
were granted. To elect not to participate, you do not need to do anything or otherwise contact the Company. If you decide not to participate in the Offer, you do not need to submit a Letter of Transmittal. 

 U.S. Federal Income Tax Considerations 
  

	Q13. 	What are the U.S. federal income and withholding tax consequences of payment of the Cash Payment? 

 The Cash Payment will be treated as regular cash compensation. As such, you will recognize ordinary income in the year in which your Cash Payment is paid to you. The ordinary income resulting from your Cash Payment
will be reflected in the Form W-2 reported to the Internal Revenue Service for the year in which the payment is made. At the time your Cash Payment is made, the Company will reduce your payment to reflect all required income and payroll tax
withholdings and will send those amounts to the appropriate tax or other authorities. 
  

	Q14. 	Are there any other tax consequences to which I may be subject? 

 Depending on where you live, there may be additional state or local tax imposed on your tender. We recommend that you consult with a tax advisor prior to participating in the Offer to determine the specific tax considerations and tax
consequences relevant to your participation in the Offer. 
 How to Get More Information 
  

	Q15. 	What should I do if I have additional questions about this Offer to Repurchase? 

 If you have any other questions about this Offer to Repurchase, you may direct them to Steve Going by phone at (503) 748-8909 or by email at Steve.Going@planar.com. 
 We also recommend that, in addition to this document, the Letter of Transmittal, Schedule A and any authorized communications from us, you review the materials that we
have filed with the U.S. Securities and Exchange Commission before making a decision on whether to elect to tender your eligible options, including our annual report on Form 10-K for the fiscal year ended September 28, 2007, our quarterly
reports on Form 10-Q for the periods ended December 28, 2007, March 28, 2008 and June 27, 2008 and the definitive proxy statement for our 2008 Annual Meeting of Stockholders dated January 14, 2008. 
 PLANAR SYSTEMS, INC. 
 October 31, 2008 

 EXHIBIT A 
 LETTER OF TRANSMITTAL 
 To Planar Systems, Inc. (the “Company”): 
 I am currently employed by the Company and am the holder of eligible options, as defined. I have received from the Company the offering materials provided herewith
describing the offer to tender for cancellation certain stock options for the right to receive in exchange a cash payment (the “offering materials”). I have reviewed the list of my eligible options that the Company has set forth in
Schedule A to this Letter of Transmittal, and understand that, by participating in the repurchase offer, I agree to sell all of these eligible options. 
 In return for my eligible options, I understand that the Company will grant me a cash payment in the amount set forth on Schedule A as soon as practicable following the Company’s receipt of this Letter of
Transmittal, less any applicable tax withholding. 
 For purposes of participating in the repurchase offer, I hereby give up my entire ownership interest in
all of my eligible options, and understand that those options will become null and void as of the date of my acceptance of the offer. 
 I hereby elect to
participate in the repurchase offer dated October 31, 2008 with respect to all of my eligible options. 
  

			
	By:	 	/s/ Douglas K. Barnes
		 	Douglas K. Barnes
	
	Date: 11-7-2008

 SCHEDULE A 
 Douglas K. Barnes 
 ELIGIBLE OPTIONS: 
  

														
	Grant
Number	 	Grant
Date	 	Plan/
Type	 	Shares	 	Price	 	Vested	 	Outstanding
Unreleased
	96-61	 	10/30/2003	 	96SI/NQ	 	4,180	 	$	23.92	 	4,180	 	4,180
	A9661	 	10/30/2003	 	96SI/NQ	 	25,820	 	$	23.92	 	25,820	 	25,820
	96-12	 	5/13/2002	 	96SI/ISO	 	1,442	 	$	23.11	 	1,442	 	1,442
	A9612	 	5/13/2002	 	96SI/NQ	 	9,781	 	$	23.11	 	9,781	 	9,781
	A9658	 	4/21/2003	 	96SI/NQ	 	5,516	 	$	16.36	 	5,516	 	5,516
	96-58	 	4/21/2003	 	96SI/NQ	 	6,112	 	$	16.36	 	6,112	 	6,112
	A96127	 	4/19/2004	 	96SI/NQ	 	2,880	 	$	12.54	 	0	 	2,880
	96-127	 	4/19/2004	 	96SI/ISO	 	7,974	 	$	12.54	 	0	 	7,974
	96-117	 	5/19/2004	 	96SI/ISO	 	5,000	 	$	11.91	 	5,000	 	5,000

 CASH PAYMENT AMOUNT: $5,802.85

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}]]