2000 NON-QUALIFIED STOCK OPTION PLAN
1. ESTABLISHMENT, PURPOSE AND TERM OF PLAN.
1.1 Establishment . This JNI Corporation 2000 Non-Qualified Stock Option Plan (the “Plan”) is hereby established
effective as of August 25, 2000.
1.2 Purpose . The purpose of the Plan is to advance the interests of the Participating Company Group and its
stockholders by providing an incentive to attract, retain and reward persons performing services for the Participating Company
Group and by motivating such persons to contribute to the growth and profitability of the Participating Company Group.
1.3 Term of Plan . The Plan shall continue in effect until the earlier of its termination by the Board or the date on which all
of the shares of Stock available for issuance under the Plan have been issued and all restrictions on such shares under the
terms of the Plan and the agreements evidencing Options granted under the Plan have lapsed. However, all Options shall be
granted, if at all, within ten (10) years from the date the Plan is adopted by the Board.
2. DEFINITIONS AND CONSTRUCTION.
2.1 Definitions . Whenever used herein, the following terms shall have their respective meanings set forth below:
(a) “Board” means the Board of Directors of the Company. If one or more Committees have been appointed by the
Board to administer the Plan, “Board” also means such Committee(s).
(b) “Code” means the Internal Revenue Code of 1986, as amended, and any applicable regulations promulgated
(c) “Committee” means the Compensation Committee or other committee of the Board duly appointed to administer
the Plan and having such powers as shall be specified by the Board. The Committee shall consist solely of two or more
Directors appointed by and holding office at the pleasure of the Board, each of whom is a “non-employee director” as defined
by Rule 16b-3. Unless the powers of the Committee have been specifically limited, the Committee sh