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MRVL » Topics » Recommended Modifications to Proposed Plan

This excerpt taken from the MRVL DEFA14A filed Oct 15, 2007.

Recommended Modifications to Proposed Plan

 

In addition, management of the Company hereby confirms that it will, within 60 days of the date of this letter, recommend that the Board of Directors of Marvell amend the 2007 Director Stock Incentive Plan as follows:

 

Awards of restricted stock, restricted stock units, performance shares and performance units granted under the Plan (collectively referred to in this letter as “stock awards”) will vest prorata over a minimum three year period based only on continued employment or service.

 

If you have any additional concerns, please contact me.

 

Sincerely,

 

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