Authentec Inc Watch

from S-1/A 6 pages • Payment in an Aggregate Amount Equal to Nine (9) Months of Your Then-Applicable Annual Base Salary, Plus an Amount Equal to 9/12ths of Your Target Annual Bonus as Most Recently Paid by the Company for the Period Immediately Preceding the Year of Termination, if Any Such Bonus Was Achieved, Less Applicable Withholding, Payable as a Lump Sum in Your Final Paycheck. • Payment in an Aggregate Amount Equal to Nine (9) Months of the Cobra Costs Associated With Continuation of Benefits Under the Company’s Player Healthcare Benefit Plans (Medical, Dental, Prescription) in Which You Participated Immediately Prior to Your Termination of Employment. Payment Will Be Made to the Player as Part of His/Her Final Paycheck. • Additional Vesting of All Stock Options Awards Granted to You Under Each Stock Incentive Plan of the Company Shall Be Credited as of the Date Your Employment Terminates Such That You Will Vest With Respect to That Number of Additional Shares That Would Have Vested Through the Second Anniversary of the Change of Control. for Example, if You Are Terminated Within Six Months of the Change of Control, You Options Would Vest With Respect to an Additional 18 Months. the Options So Vested Shall Remain Exercisable Until the Later of (I) 90 Days After the Date the Exercise Period Otherwise Terminates or (II) December 31 of the Year in Which the Exercise Period Otherwise Would Terminate; Provided, However, That to the Extent Any Stock Options Are “Incentive Stock Options”, Such Options Shall Cease to Be “Incentive Stock Options”. the Parties Acknowledge and Agree That This Letter Serves to Amend the Applicable Stock Option Grant Agreements to Comport With the Provisions Set Forth Herein