SEC Contract Filing

Filing Date: 2019-03-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>3
<FILENAME>nlst-20181229ex1035a8ea0.htm
<DESCRIPTION>EX-10.3
<TEXT>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">EXHIBIT 10.3</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">NETLIST, INC.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">AMENDED AND RESTATED 2006 EQUITY INCENTIVE PLAN</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">Re-Approved by the Stockholders on June 8, 2016</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:12pt;">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">Purpose</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">This Plan is intended to encourage ownership of Stock by employees, consultants, advisors and directors of the Company and its Affiliates and to provide additional incentive for them to promote the success of the Company&#x2019;s business through the grant of Awards of, or pertaining to, shares of the Company&#x2019;s Stock.&nbsp;&nbsp;This Plan is intended to be an incentive stock option plan within the meaning of Section 422 of the Code, but not all Awards are required to be Incentive Options.&nbsp;&nbsp;This Plan shall not become effective until the Effective Date.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:12pt;">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">Definitions</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">As used in this Plan, the following terms shall have the following meanings:</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:12pt;">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-style:italic;font-size:12pt;">Accelerate, Accelerated, and Acceleration</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">, means:&nbsp;&nbsp;(a) when used with respect to an Option or Stock Appreciation Right, that as of the time of reference the Option or Stock Appreciation Right will become exercisable with respect to some or all of the shares of Stock for which it was not then otherwise exercisable by its terms; (b) when used with respect to Restricted Stock or Restricted Stock Units, that the Risk of Forfeiture otherwise applicable to the Stock or Units shall expire with respect to some or all of the shares of Restricted Stock or Units then still otherwise subject to the Risk of Forfeiture; and (c) when used with respect to Performance Units, that the applicable Performance Goals shall be deemed to have been met as to some or all of the Units.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:12pt;">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-style:italic;font-size:12pt;">Acquisition</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;"> means (i) a merger or consolidation of the Company with or into another person, (ii) the sale, transfer, or other disposition of all or substantially all of the Company&#x2019;s assets to one or more other persons in a single transaction or series of related transactions, or (iii) the acquisition of beneficial ownership (determined pursuant to Securities and Exchange Commission Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended and in effect from time to time) by any person of more than 50% of the Company&#x2019;s outstanding common stock pursuant to a tender or exchange offer made directly to the Company&#x2019;s stockh