MOLX » Topics » Forfeiture

This excerpt taken from the MOLX DEF 14A filed Sep 12, 2008.
Forfeiture
 
Awards under the SIP may be forfeited if (i) the recipient engages in competitive activities during employment or within one year after termination of employment; (ii) the recipient solicits employees to work for another organization during employment or within two years after termination of employment; or (iii) the recipient’s employment is terminated for cause, as defined in the SIP. Awards may also be forfeited in certain circumstances if Molex is required to restate its financial statements.
 
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