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MRVL » Topics » 2. Defined Terms

This excerpt taken from the MRVL 10-Q filed Sep 8, 2005.

2.                            Defined Terms

 

(a)                        Capitalized terms used but not defined herein shall have the meanings provided in Section 22 of the Plan.

 

(b)                       In addition, in this Appendix, the following terms shall have the meanings set forth beside them:

 

“102 Provisions”

 

The provisions of section 102 of the Ordinance and of the relevant income tax regulations, as they shall apply from time to time on shares and options issued hereunder, including the Special Conditions;

 

 

 

“Effective Date”

 

The latest of the date the Options were issued or the date of the Income Tax Commissioner approval that the Plan satisfies the Special Conditions;

 

 

 

“Employer”

 

The Company, any of its Subsidiaries or its Parent employing Israeli Employees;

 

 

 

“Israeli Employees”

 

Employees, officers and directors subject to taxation in Israel;

 

 

 

“Trustee”

 

A trustee appointed by the Employer for purposes of the Plan and approved by the Israeli tax authorities;

 

 

 

“Ordinance”

 

The Income Tax Ordinance (New Version), 5721-1961;

 

 

 

“Special Conditions”

 

Special conditions set by the Israeli Income Tax Commissioner in connection with the issuance of the Options hereunder, by the power vested in him/her under section 102 of the Ordinance, if and to the extent the Commissioner shall so set;

 

 

 

“Tax Lockup Period”

 

The applicable period of time, in accordance with the selection made by the Employer under section 102 of the Ordinance and in effect at the time of a grant hereunder.

 

(c)                        The Israeli Employees shall be entitled to exercise their options in accordance with the terms of the Plan, subject to the terms of this Appendix. In the event of any contradiction between any term of this Appendix and any term of the Plan, the provisions of this Appendix shall override with respect to the

 


 

Israeli Employees, in respect of whom this Appendix shall constitute an integral part of the Plan and references to the Plan in respect of the Israeli Employees shall be interpreted accordingly.

 

"2. Defined Terms" elsewhere:

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