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MRVL » Topics » Amendment and Termination of the 2007 Director Plan

This excerpt taken from the MRVL DEF 14A filed Sep 14, 2007.

Amendment and Termination of the 2007 Director Plan

The Administrator will have the authority to amend, alter, suspend or terminate the 2007 Director Plan, except that shareholder approval will be required for any amendment to the 2007 Director Plan to the extent required by any applicable laws. No amendment, alteration, suspension or termination of the 2007 Director Plan will impair the rights of any participant, unless mutually agreed otherwise between the participant and the Administrator and which agreement must be in writing and signed by the participant and the company. The Director Plan will terminate in October 2017, unless the board of directors terminates it sooner.

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