MRVL » Topics » Approval of Equity Grant for Chief Financial Officer

This excerpt taken from the MRVL 8-K filed Dec 19, 2008.

Approval of Equity Grant for Chief Financial Officer

In connection with its approval of a broad-based focal grant to the Company’s employees, the Committee approved the grant to Clyde R. Hosein, the Company’s Chief Financial Officer, Interim Chief Operating Officer and Secretary, of a time-based option to purchase 100,000 common shares, with 25% of the shares to vest on each one-year anniversary of the December 15, 2008 vesting period commencement date. The option has a term of 10 years.

 

Item 9.01    Financial Statements and Exhibits.

(d)

   Exhibits.   
   10.1    Form of Notice of Grant of Stock Options – Performance-Based, for use with the Amended and Restated 1995 Stock Option Plan.

 

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