This Amendment No. 3 to The SCO Group 2000
Employee Stock Purchase Plan (the “Amendment”) is executed by the undersigned,
by and on behalf of The SCO Group a Delaware corporation (the “Company”).
Company has adopted the 2000 Employee Stock Purchase Plan (the “2000 ESPP”)
pursuant to which employees may purchase shares of Common Stock of the Company
through participation in a payroll deduction-based employee stock purchase
plan. Capitalized terms used in the
Amendment but not defined herein have the meaning set forth in the 2000 ESPP.
Board of Directors of the Company have adopted an Amendment No. 1 to the
2000 ESPP increasing the number of authorized shares of Common Stock subject to
the 2000 ESPP from 500,000 to 2,000,000. Amendment No. 1 to the 2000 ESPP
required stockholder approval which was obtained at the annual stockholder
meeting on April 27, 2001.
Board of Directors of the Company have adopted an Amendment No. 2 to the
2000 ESPP changing the Purchase Intervals from the first day of May to the last
day of October and the first day of November to the last day of April to
now be the first day of June to the last day of November and the first
day of December to the last day of May.
Amendment No. 2 also increased the share maximum per participant on
any one Purchase Date from 750 shares to 1000 shares. In addition, the maximum
number of shares in the aggregate by all participants any one Purchase Date was
increased from 125,000 shares to 350,000 shares. The Semi-Annual Entry Date
(Definition S in the amendment of the plan) was changed to reflect the new
Purchase Interval dates. Stockholder approval was not necessary for these
connection with the acquisition of the Server and Professional Services
divisions of The Santa Cruz Operation, the Company now desires to amend the
2000 ESPP to make certain changes to accommodate the increased number of
employees of the Company and the diversity which now exists with the global
workforce. The Company also desires to ease the restrictions on the opportunity
for employees to acquire stock in the company.
NOW, THEREFORE, the 2000 ESPP is hereby amended as
of Purchasable Shares. Effective as of the close of the second Purchase
Interval that ends in calendar year 2001, Section VII. D of the 2000 ESPP
and item # 2 of Amendment No. 2 of the 2000 ESPP shall be null and void.
Payroll Deductions. Effective as of the close of the second Purchase
Interval that ends in calendar year 2001, the last sentence of Section VII.
E of the 2000 ESPP shall be null and void.
of Purchase Rights. Effective as of the close of the second Purchase
Interval that ends in calendar year 2001, Section VII. F, ii of the 2000
ESPP is hereby amended to read as follows:
“If a participant withdraws during a Purchase
Interval, such participant must reenroll in the Plan (by making a timely filing
of the prescribed enrollment forms) on or before the beginning of the
succeeding Purchase Interval.”
of Eligible Employee. The Appendix, Definition I is hereby amended to read:
“Eligible Employee shall mean any person who is a
regular employee of the Company for purposes of tax withholding under the Code
whose customary employment with the Company or any Designated Subsidiary
regardless of the number of hours worked.”
Except as specifically modified by the Amendment, the 2000 ESPP is hereby ratified
and reaffirmed by the Company.
The Amendment shall be effective as of the close of the second Purchase
interval that ends in calendar year 2001.
The undersigned, who is duly elected Secretary of the
Company, hereby certifies that the Board of Directors of the Company approved
the Amendment at a duly convened meeting of the Board of Directors on ,