1997 Stock Option and Incentive Plan - Digital Island Inc.
definition of subsidiary corporation contained in Section 425(f) of the Code.
individually, as "Optionee" and, collectively, as "Optionees."
and the terms and conditions of the Options and/or Awards.
and, if applicable, pursuant to the Option or Award.
either an Option or an Award (to the same person or to a different person).
any Options or Awards without the consent of the affected Optionee(s).
its terms and the terms of the Plan.
required by any applicable securities laws, as the Board deems advisable.
and no other person will acquire any rights in the Option or Award.
cash paid under the Plan.
1.11  Definition of "Fair Market Value"
share of the Common Stock on that date as determined in good faith by the Board.
first time by any one Optionee will not exceed $100,000.
a share of the Common Stock on the date the Incentive Stock Option is printed.
Incentive Stock Option is granted.
a certificate or certificates for the appropriate number shares of Common Stock.
and conditions of the Option Agreement and this Plan.
causes of termination as the Board deems appropriate.
and conditions determined by the Board from time to time.
determined by the Board and set forth in a restricted stock agreement.
by the Board and set forth in a stock appreciation rights agreement.
as to which such stock appreciation right has been exercised.
right), or a combination of cash and shares.
shares of Common Stock, or in cash, or a combination of cash and shares.
be granted only concurrently with the grant of the Incentive Stock Option.
deferred payments denominated in the form of shares.
termination as the Board deems appropriate.
Stock effected without receipt of consideration by the Company.
Plan, except as expressly provided in this Plan.
Option or Award will require the affected Optionee(s) consent.
Optionee (or any transferee) to exercise the Option or Award.
investment and not for distribution.
any other applicable provision of state or federal law.
connection with the Company assure their access to equivalent information.
that Option is subject to shareholder approval.