This excerpt taken from the MRVL 8-K filed Oct 10, 2008.
Item 1.01 Entry into a Material Definitive Agreement.
On October 6, 2008, acting pursuant to the authority of the Board of Directors (the Board) of Marvell Technology Group Ltd. (the Company), the Company entered into a form of indemnification agreement (the Indemnification Agreement) with each of the following: Dr. Sehat Sutardja, Dr. Pantas Sutardja, Kuo Wei (Herbert) Chang, Dr. Juergen Gromer, Dr. John Kassakian, Arturo Krueger, Clyde Hosein and George de Urioste. This replaces the indemnification agreements previously entered into by the Company with each of Mr. Hosein and Mr. de Urioste. Previously, on September 10, 2008, the Board approved the Indemnification Agreement attached hereto as Exhibit 10.1.
These agreements provide for the circumstances under which the Company will indemnify the Companys directors and executive officers and pay their expenses if they become involved in litigation as a result of their service with the Company. The agreements also provide a number of circumstances under which we will not indemnify the Companys directors and executive officers or pay their expenses pursuant to the agreements. The benefits provided under these agreements are in addition to those provided by the Companys Second Amended and Restated Bye-Laws.
The foregoing summary of the Indemnification Agreement is qualified in its entirety by reference to the full text of the Indemnification Agreement attached hereto as Exhibit 10.1 and incorporated by reference herein.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 10, 2008