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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-18.8%Nov 7 11:47 AM EST
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To: Harold S. Kirby who wrote (29130)3/23/1999 12:49:00 AM
From: Mang Cheng  Read Replies (2) of 45548
 
HK, thanks for the sec link.

I think that S-8 is talking about granting stock options to NBX employees - NBX was a IP-PBX company just bought by coms. It seems to cover option granted to NBX employees in some previous plans. I gather they are just converting these NBX options into coms options. Here is one of the paragraph :

NBX CORPORATION

1996 STOCK PLAN

(As Amended and Restated on January 27, 1998)

1. Purpose. The purpose of the NBX Corporation 1996 Stock Plan (the
"Plan") is to encourage key employees of NBX Corporation (the "Company") and of
any present or future parent or subsidiary of the Company (collectively,
"Related Corporations") and other individuals who render services to the Company
or a Related Corporation, by providing opportunities to participate in the
ownership of the Company and its future growth through (a) the grant of options
which qualify as "incentive stock options" ("ISOs") under Section 422(b) of the
Internal Revenue Code of 1986, as amended (the "Code"); (b) the grant of options
which do not qualify as ISOs ("Non-Qualified Options"); (c) awards of stock in
the Company ("Awards"); and (d) opportunities to make direct purchases of stock
in the Company ("Purchases"). Both ISOs and Non-Qualified Options are referred
to hereafter individually as an "Option" and collectively as "Options." Options,
Awards and authorizations to make Purchases are referred to hereafter
collectively as "Stock Rights." As used herein, the terms "parent" and
"subsidiary" mean "parent corporation" and "subsidiary corporation,"
respectively, as those terms are defined in Section 424 of the Code.


sec.gov

Mang
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