MOLX » Topics » Shares Available Under the SIP

This excerpt taken from the MOLX DEF 14A filed Sep 12, 2008.
Shares Available Under the SIP
 
Upon approval of the SIP by our stockholders, there will be an aggregate of 5,000,000 shares of our Class A Common Stock available for issuance pursuant to awards under the SIP, plus:
 
  •     The number of shares that remains available for grant under the Existing Plans on the date of the annual meeting, and
 
  •     Shares that would have again become available for issuance pursuant to the terms of awards previously granted under the Existing Plans and outstanding on the date of the annual meeting if those awards expire, terminate or are otherwise forfeited before being exercised or settled in full.
 
The additional 5,000,000 shares to be used under the SIP will be registered with the SEC on a Form S-8. Shares under the Existing Plans are already registered with the SEC. Shares covered by an award will only be counted as used if they are actually issued. Any shares related to an award that terminates by expiration, forfeiture, cancellation, or otherwise without the issuance of such shares, or are settled in cash in lieu of shares will be available again for grant under the Plan. No participant may receive awards exceeding 500,000 shares of Class A Common Stock in a single calendar year.
 
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