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Exhibit 10.1

 

 

ALLIANCE FIBER OPTIC PRODUCTS, INC.

 

2000 EMPLOYEE STOCK PURCHASE PLAN

 

(As amended and restated effective November 1, 2010)

 

 

 

 

 


 

 

 

Table of Contents

 

Page

 

SECTION 1. PURPOSE OF THE PLAN.

 1

 

 1

SECTION 2. DEFINITIONS.

 1

         (a)        " Board "

 1

         (b)        " Code "

 1

         (c)        " Committee "

 1

         (d)        " Company "

 1

         (e)        " Compensation "

 1

         (f)        " Corporate Reorganization "

 1

         (g)        " Eligible Employee "

 2

         (h)        " Exchange Act "

 2

          (i)        " Fair Market Value "

 2

         (j)        " Offering Period "

 2

         (k)        " Participant "

 2

          (l)        " Participating Company "

 2

          (m)         "Plan"

 2

          (n)        " Plan Account "

 2

          (o)        " Purchase Price "

 2

          (p)        " Stock "

 2

         (q)        " Subsidiary "

 2

 

 

SECTION 3. ADMINISTRATION OF THE PLAN 

 3

          (a)         Committee Composition

 3

          (b)         Committee Responsibilities

 3

  

 

SECTION 4. ENROLLMENT AND PARTICIPATION 

 3

          (a)         Offering Periods

 3

          (b)         Enrollment

 3

          (c)         Duration of Participation

 3

 

 

SECTION 5. EMPLOYEE CONTRIBUTIONS 

 3

          (a)         Frequency of Payroll Deductions

 3

          (b)         Amount of Payroll Deductions

 4

          (c)         Changing Withholding Rate

 4

          (d)         Discontinuing Payroll Deductions

 4

 

 

SECTION 6. WITHDRAWAL FROM THE PLAN 

 4

           (a)         Withdrawal

 4

           (b)         Re-enrollment After Withdrawal

 4

 

 

SECTION 7. CHANGE IN EMPLOYMENT STATUS 

 4

         (a)         Termination of Employment

 4

         (b)         Leave of Absence

 4

         (c)         Death

 4

 

 

SECTION 8. PLAN ACCOUNTS AND PURCHASE OF SHARES 

 4

         (a)         Plan Accounts

 5

         (b)         Purchase Price

 5

         (c)         Number of Shares Purchased

 5

         (d)         Available Shares Insufficient

 5

 

i

 

 

 


 

 

         (e)         Issuance of Stock

 5

         (f)         Unused Cash Balances

 6

         (g)         Stockholder Approval

 6

 

 

SECTION 9. LIMITATIONS ON STOCK OWNERSHIP 

 6

         (a)         Five Percent Limit

 6

         (b)         Dollar Limit

 6

 

 

SECTION 10. RIGHTS NOT TRANSFERABLE 

 6

 

 

SECTION 11. NO RIGHTS AS AN EMPLOYEE 

 7

 

 

SECTION 12. NO RIGHTS AS A STOCKHOLDER 

 7

 

 

SECTION 13. SECURITIES LAW REQUIREMENTS 

 7

 

 

SECTION 14. STOCK OFFERED UNDER THE PLAN 

 7

        (a)         Authorized Shares

 7

        (b)         Antidilution Adjustments

 7

        (c)         Reorganizations

 7

 

 

SECTION 15. AMENDMENT OR DISCONTINUANCE

 8

 

 

SECTION 16. EXECUTION 

 8

 

 

 

ii

 

 

 


 

 

ALLIANCE FIBER OPTIC PRODUCTS, INC.

 

2000 EMPLOYEE STOCK PURCHASE PLAN

 

(As amended and restated effective November 1, 2010)

 

SECTION 1. Purpose Of The Plan.

 

     The Plan was adopted by the Board on September 7, 2000, effective as of the date of the initial offering of Stock to the public pursuant to a registration statement filed by the Company with the Securities and Exchange Commission. The Plan was subsequently amended, and is hereby amended and restated as of November 1, 2010. The purpose of the Plan is to provide Eligible Employees with an opportunity to increase their proprietary interest in the success of the Company by purchasing Stock from the Company on favorable terms and to pay for such purchases through payroll deductions.  The Plan is intended to qualify under section 423 of the Code.  All share references are on a post -August 27, 2010 reverse stock split basis.

 

SECTION 2. Definitions.

 

     (a)   " Board " means the Board of Directors of the Company, as constituted from time to time.

 

     (b)   " Code " means the Internal Revenue Code of 1986, as amended.

 

     (c)   " Committee " means a committee of the Board, as described in Section 3.

 

     (d)   " Company " means Alliance Fiber Optic Products, Inc., a Delaware corporation.

 

     (e)   " Compensation " means (i) the total compensation paid in cash to a Participant by a Participating Company, including salaries, wages, bonuses, incentive compensation, commissions, overtime pay and shift premiums, plus (ii) any pre-tax contributions made by the Participant under section 401(k) or section 125 of the Code. "Compensation" shall exclude all non-cash items, moving or relocation allowances, cost-of-living equalization payments, car allowances, tuition reimbursements, imputed income attributable to cars or life insurance, severance pay, fringe benefits, contributions or benefits received under employee benefit plans, income attributable to the exercise of stock options, and similar items. The Committee shall determine whether a particular item is included in Compensation.

 

     (f)   " Corporate Reorganization " means:

 

     (i)   The consummation of a merger or consolidation of the Company with or into another entity, or any other corporate reorganization; or

 

     (ii)   The sale, transfer or other disposition of all or substantially all of the Company's assets or the complete liquidation or dissolution of the Company.

 

1

 

 

 


 

 

     (g)   " Eligible Employee " means any employee of a Participating Company whose customary employment is full time, which means for more than five months per calendar year and for more than 20 hours per week.

 

     The foregoing notwithstanding, an individual shall not be considered an Eligible Employee if his or her participation in the Plan is prohibited by the law of any country which has jurisdiction over him or her.

 

     (h)   " Exchange Act " means the Securities Exchange Act of 1934, as amended.

 

     (i)   " Fair Market Value " means the market price of Stock, determined by the Committee as follows:

 

     (i)   If Stock was traded on a national or regional stock exchange on the date in question, then the Fair Market Value shall be equal to the closing price reported by the applicable composite transactions report for such date; or

 

     (ii)   If the foregoing provision is not applicable, then the Fair Market Value shall be determined by the Committee in good faith on such basis as it deems appropriate.

 

     Whenever possible, the determination of Fair Market Value by the Committee shall be based on the prices reported in the Wall Street Journal or as reported directly to the Company by the stock exchange. Such determination shall be conclusive and binding on all persons.

 

     (j)   " Offering Period " means a period with respect to which the right to purchase Stock may be granted under the Plan, as determined pursuant to Section 4(a), or such other period as the Committee may determine in its sole discretion.

 

     (k)   " Participant " means an Eligible Employee who elects to participate in the


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