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MRVL » Topics » NOTICE OF STOCK UNIT AWARD

This excerpt taken from the MRVL 10-K filed Jul 2, 2007.

NOTICE OF STOCK UNIT AWARD

You have been granted Stock Units representing shares of Common Stock of Marvell Technology Group Ltd. (the “Company”) on the following terms and pursuant to such other terms and conditions as are set forth in the Stock Unit Agreement and the Amended and Restated 1995 Stock Option Plan (the “Plan”), both of which are attached to and made a part of this document.  Certain capitalized terms used in this Notice of Stock Unit Award are defined in the Plan.

Name of Participant:

 

 

 

 

 

Total Number of Stock Units Granted:

 

 

 

 

 

Date of Grant:

 

                              ,      

 

 

 

Vesting Start Date:

 

                              ,      

 

 

 

Vesting Schedule:

 

[20]% of the Stock Units subject to this award vest after the first anniversary of the Vesting Start Date and the remaining [80]% of the Stock Units subject to this award vest in equal quarterly installments following the first anniversary of the Vesting Start Date, subject to your Continuous Service.

 

By signing this document, you acknowledge receipt of a copy of the Plan, and agree that (a) these Stock Units are granted under and governed by the terms and conditions of the Plan and the Stock Unit Agreement; (b) you have carefully read, fully understand and agree to all of the terms and conditions described in the attached Stock Unit Agreement and the Plan; (c) you understand and agree that the Stock Unit Agreement, including its cover sheet and attachments, constitutes the entire understanding between you and the Company regarding this Award, and that any prior agreements, commitments or negotiations concerning this Award are replaced and superseded; and (d) you have been given an opportunity to consult legal counsel with respect to all matters relating to this Award prior to signing this cover sheet and that you have either consulted such counsel or voluntarily declined to consult such counsel.  The Stock Unit Agreement and prospectus are available on the Company’s website at https://intranet/stockselfservice or by request from the Company’s Stock Administration Department.  You hereby agree that these documents are deemed to be delivered to you.

[NAME OF PARTICIPANT]

 

MARVELL TECHNOLOGY GROUP LTD.

 

 

 

 

 

 

 

 

 

By:

 

 

 

 

 

 

 

 

 

Its:

 

 

Print Name

 

 

 



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