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MRVL » Topics » SECTION 6. LEAVES OF ABSENCE, TRANSFER, CHANGE IN STATUS AND PART-TIME WORK.

This excerpt taken from the MRVL 10-K filed Apr 13, 2006.

SECTION 6.         LEAVES OF ABSENCE, TRANSFER, CHANGE IN STATUS AND PART-TIME WORK.

 

For purposes of this award, your service does not terminate when you (i) go on any leave of absence approved by the Company; (ii) transfer between locations of the Company or between the Company, a Subsidiary or any successor; or (iii) change your status from an Employee to Consultant to Outside Director or from Consultant to Outside Director or Employee. But your service terminates when the approved leave ends, unless you immediately return to active work.

 

If you go on a leave of absence, then the vesting schedule specified in the Notice of Restricted Stock Award may be adjusted in accordance with the Company’s leave of absence policy or the terms of your leave. If you commence working on a part-time basis, then the vesting schedule specified in the Notice of Restricted Stock Award may be adjusted in accordance with the Company’s part-time work policy or the terms of an agreement between you and the Company pertaining to your part-time schedule.

 

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