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Exhibit 99(a)(6)
Contacts:
Brian Heagler (investors) brian_heagler@mvis.com
(425) 415-6794
Matt Nichols (media), matt_nichols@mvis.com
(425) 415-6657
FOR IMMEDIATE RELEASE
Microvision commences stock option exchange
program for employees
BOTHELL, WA November 1, 2002 Microvision, Inc. (NASDAQ: MVIS ), a leader in light scanning technologies, today announced that it had commenced a voluntary stock option exchange program for its employees.
Under the program: ? Employees holding stock options with exercise prices in excess of $10 per share, with certain exceptions, have the opportunity, if they so choose, to cancel those options in exchange for new options to be granted not sooner than June 11, 2003.
? The exercise price of the new options will be the higher of the closing price of the Company's common stock on the date of the new grant or $7.00 per share.
? The number of new options granted to participating employees will be determined by a tiered exchange rate schedule that is based on the exercise price of the options canceled.
? Executive management is eligible to participate in the exchange, but generally will be subject to lower exchange rates than other employees.
? Non-employee members of the Board of Directors are ineligible to participate.
? Emp ...
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