Summary of Restricted Stock Bonus Grant to CFO under Openwave Systems Inc. 2001 Stock Compensation Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Openwave Systems Inc. granted 35,000 restricted shares to CFO Joshua Pace on July 19, 2004, under its 2001 Stock Compensation Plan. Of these, 729 shares vest on August 1, 2004, with the remaining shares vesting quarterly over two years starting November 1, 2004. The grant follows the terms of the company's standard Restricted Stock Bonus Agreement.

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EX-10.27 3 dex1027.htm SUMMARY OF RESTRICTED STOCK BONUS GRANT Summary of Restricted Stock Bonus Grant

Exhibit 10.27

 

Summary of Restricted Stock Bonus Grant to the CFO in July 2004 Under The Openwave Systems Inc. 2001 Stock Compensation Plan.

 

The following grant was made using the form of Restricted Stock Bonus Agreement filed as Exhibit 10.20 to the Company’s Annual Report on Form 10-K filed on September 30, 2002.

 

Participant

    Grant
Date
    Restricted
Shares
   

Vesting Schedule

Joshua Pace

    7/19/2004    35,000    729 shares vesting on August 1, 2004 with the remaining shares to vest quarterly over a two year period, commencing on November 1, 2004.