Summary of Restricted Stock Bonus Grants to Executive Officers and CEO under Openwave Systems Inc 2001 Stock Compensation Plan (October 2003)
Openwave Systems Inc granted restricted stock bonuses to several executive officers and its CEO in October 2003 under its 2001 Stock Compensation Plan. The grants specify the number of restricted shares awarded to each participant, with shares vesting monthly over a 36-month period starting in November 2003. The agreement outlines the recipients, grant dates, number of shares, and vesting schedules, providing incentives for continued employment and performance.
Exhibit 10.2
Summary of Restricted Stock Bonus Grants Made to Executive Officers in October 2003 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 10.20 to the Company’s Annual Report on Form 10-K filed on September 30, 2002.
| Participant | Grant Date | Restricted Shares | Vesting Schedule | |||
| Hose, David | 10/27/2003 | 16,666 | 1/36 of the shares monthly beginning on 11/27/03 | |||
| Pace, Joshua | 10/27/2003 | 4,166 | 1/36 of the shares monthly beginning on 11/27/03 | |||
| Peters, Steve | 10/27/2003 | 8,333 | 1/36 of the shares monthly beginning on 11/27/03 | |||
| Shantz, Jon | 10/27/2003 | 8,333 | 1/36 of the shares monthly beginning on 11/27/03 | |||
| Snyder, Allen E. | 10/27/2003 | 16,666 | 1/36 of the shares monthly beginning on 11/27/03 | |||
| Summary of Restricted Stock Bonus Grant Made to Chief Executive Officer in October 2003 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 10.43 to the Company’s Quarterly Report on Form 10-Q filed on February 14, 2003. | ||||||
| Participant | Grant Date | Restricted Shares | Vesting Schedule | |||
| Listwin, Donald J. | 10/20/2003 | 20,833 | 1/36 of the shares monthly beginning on 11/20/03 | |||
