MOLX » Topics » RESTRICTIONS REGARDING GRANTS/AWARDS AND THE COVERED SHARES

This excerpt taken from the MOLX DEF 14A filed Sep 23, 2005.

RESTRICTIONS REGARDING GRANTS/AWARDS AND THE COVERED SHARES

Transfer
 
Any option granted or restricted stock award awarded under the 1998 Plan cannot be transferred and can only be acquired by the grantee during his or her life. If the grantee should die while still employed by the Company or any of its subsidiaries, the option and/or restricted stock award, to the extent it could have been acquired by the grantee on the date of death, may be acquired by the personal representative (executor or administrator) within one year after the date of death. However, no such acquisition can occur later than one year from the date the option or restricted stock award becomes 100% vested.
 
Sale of Stock Acquired Under the Plan
 
The shares covered by the 1998 Plan have been registered under The Securities Act of 1933 (the “Securities Act”) and will be freely tradable if held by non-affiliates. If the shares to be sold are held by an affiliate (as defined by SEC Rule 144), the shares may be sold subject to the conditions and limitations set forth in Rule 144.
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