Restricted Stock Bonus Grants to Executive Officers under Openwave Systems Inc. 2001 Stock Compensation Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Openwave Systems Inc. granted restricted stock bonuses to executive officers Steve Peters and Joshua Pace under its 2001 Stock Compensation Plan. Steve Peters received 200,000 shares and Joshua Pace received 75,000 shares, both with a vesting schedule where 50% of the shares vest after one year and the remainder vests monthly over the following two years. The grants are governed by the company's standard Restricted Stock Bonus agreement.

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EX-10.49 6 dex1049.txt NEW RESTRICTED STOCK BONUS Exhibit 10.49 NEW RESTRICTED STOCK BONUS GRANTS TO EXECUTIVE OFFICERS UNDER THE OPENWAVE SYSTEMS INC. 2001 STOCK COMPENSATION PLAN The following grants were made using the form of Restricted Stock Bonus agreement filed as Exhibit 10.2 to the Company's Annual Report on Form 10-K filed on September 30, 2002.
Grant Number of Vesting Participant Date Restricted Shares Schedule ----------- ---- ----------------- -------- Steve Peters 4/29/03 200,000 50% of the shares on 4/29/04, and an additional 1/24th of the shares monthly thereafter beginning on 5/29/04 Joshua Pace 4/29/03 75,000 50% of the shares on 4/29/04, and an additional 1/24th of the shares monthly thereafter beginning on 5/29/04