MOLX » Topics » ARTICLE VII. TERMINATION OF OPTION

This excerpt taken from the MOLX DEF 14A filed Sep 10, 2007.

ARTICLE VII.        TERMINATION OF OPTION

Every option granted to each optionee under this Plan shall terminate and expire at the earliest of:

 

   

the date of expiration set when such option was granted; or

 

   

one (1) year after one of the events set forth in Section 6.4; or

 

   

immediately upon termination of employment of the optionee with the Company (or termination of position as an outside director) or any of its subsidiaries for any reason except if his employment is terminated by reason of one of the events set forth in Section 6.4.

 

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

ARTICLE VII.               TERMINATION OF OPTION

7.1              Every option/bonus granted/awarded to each employee under this Plan shall terminate and expire at the earliest of:

a.   the date of expiration set when such option/bonus was granted/awarded; or

b.   six (6) years after one of the events set forth in Section 6.4; or

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c.   immediately upon termination of employment with the Company or any of its subsidiaries for any reason except if employment is terminated by reason of one of the events set forth in Section 6.4.

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