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Marvell Technology Group (MRVL)
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MRVL » Topics » (a) Limitations . Awards may be granted only to Outside Directors.

This excerpt taken from the MRVL 8-K filed Oct 25, 2007.

(a)           Limitations.  Awards may be granted only to Outside Directors.

(b)           Shares.  In the event that any Award granted under the Plan would cause the number of Shares subject to outstanding Awards plus the number of Shares previously issued pursuant to an Award to exceed the number of shares available for issuance under the Plan pursuant to Section 3, then the remaining Shares available for award grant will be allocated on a pro rata basis.  No further grants will be made until such time, if any, as additional Shares become available for grant under the Plan through action of the Board or the shareholders to increase the number of Shares which may be issued under the Plan or through the forfeiture of Shares issued pursuant to Awards previously granted hereunder as provided in Section 3 hereof.

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