MOLX » Topics » ARTICLE VIII. TRANSFERABILITY

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

ARTICLE VIII.        TRANSFERABILITY

8.1        Non-Transferable.  Any option granted under the Plan is not transferable and can be exercised only by the optionee during his life subject to Section 8.2 of this Article.

8.2        Death.  In the event of the death of an optionee while totally disabled, retired, or still employed by the Company or a parent or a subsidiary, his option, to the extent he could have exercised it on the date of his death, may be exercised by the personal representative of the estate of the optionee within one (1) year after the date of his death in accordance with the terms established by the Committee at the time the option was granted, but (as set forth in Article VII) not later than the expiration date set forth in Section 6.5.

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

ARTICLE VIII.         TRANSFERABILITY

8.1              Non-Transferable - Any options granted or bonus shares awarded under the Plan are not transferable and can only be exercised by or distributed to the employee during his/her life subject to Section 8.2 of this Article.

8.2              Death - In the event of the death of an employee while having unexpired outstanding options or bonus shares, the personal representative of the estate of the employee may exercise the option or take distribution of the bonus shares within one (1) year after the date of death in accordance with the terms established by the Committee at the time the option/bonus was granted/awarded, but (as set forth in Article VII) not later than the expiration date set forth in Section 6.5.

"ARTICLE VIII. TRANSFERABILITY" elsewhere:

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