EXHIBIT 10.10
STOCK OPTION/BONUS AGREEMENT
____________________________
The Plan: The 2000 Molex Incorporated Long-Term Stock Plan
(Amended and Restated by the Board of Directors July 25, 2003;
approved by the Stockholders October 24, 2003)
The Company: MOLEX INCORPORATED The Participant:______________________
a Delaware corporation
0000 Xxxxxxxxxx Xxxxx
Xxxxx, XX 00000
The Company, as a matter of separate inducement and not in lieu of
any salary or other compensation for services, has granted to the above
identified Participant, the Option/Bonus set forth in Part I of this
Agreement, upon the terms and conditions of the Plan and subject to the
restrictions set forth below.
X. XXXXX/AWARD
___________
OPTION BONUS
___________ ____________________ ____________________
Grant No.
___________ ____________________ ____________________
Stock Class Class A Common Stock Class A Common Stock
___________ ____________________ ____________________
Grant Date
___________ ____________________ ____________________
No. Shares
___________ ____________________ ____________________
Price/Share $0.000
___________ ____________________ ____________________
Type Nonqualified Nonqualified
___________ ____________________ ____________________
Vesting: (Same for both the option and bonus)
__________________________________________________________________________
Normal After a ______ waiting period, the option/bonus vests to
the maximum extent of ___% of the total number of shares
covered by the option/bonus during each of the
succeeding ____ (_) years, commencing with the
anniversary of the Grant Date.
__________________________________________________________________________
Accelerated Notwithstanding the foregoing, any unexpired and
unexercised portion of an option/bonus shall become 100%
vested upon the occurrence of one of the following
events:
1. Death.
2. Total disablement.
3. Retirement after age 59 1/2, but only if the
Participant has been employed by the Company fifteen
(15) consecutive years and the Committee administering
the Plan, in its sole discretion approves the
accelerated vesting.
__________________________________________________________________________
Expiration Five (5) years from Grant Date or ________________, 20___
(Same for
both the
option and
bonus)
__________________________________________________________________________
Termination Notwithstanding anything to the contrary, the
of option/bonus shall terminate or expire at the earliest
Option/Bonus of:
(Same for 1. the date of expiration set forth above; or
both the 2. six (6) years after one of the events causing
option and accelerated vesting set forth above; or
bonus) 3. immediately upon termination of employment for any
reason except if employment is terminated by reason of
one of the events causing accelerated vesting set forth
above.
__________________________________________________________________________
II. SUBSEQUENT SALES OF STOCK PURCHASED UNDER THE PLAN
__________________________________________________
A. Registration - Any shares acquired under the Plan have been
registered under the Securities Act of 1933, as amended (the
"Act") or under applicable state securities laws or exemptions
thereunder. The Participant may sell stock purchased pursuant
to the Plan any time after receipt of the stock certificate,
subject to complying with Rule 144 and corporate policy
regarding sale of stock.
B. Sales By An Affiliate - If the Participant is deemed an
"affiliate", he must comply with the provisions of Rule 144
under the Act. Officers, directors and 10% shareholders are
deemed to be "affiliates". Any other Participant holding a
high management position may also be deemed an "affiliate".
The Participant recognizes that, if he is deemed an
"affiliate", any routine sale of shares purchased hereunder
made in reliance upon Rule 144 can be made only in limited
amounts in strict accordance with the terms and conditions of
that Rule and that, in the event that such Rule is not
applicable or available to the Participant, compliance with
Regulation A or some other exemption under the Act will be
required.
C. Company's Obligation to Facilitate Resales Under Securities
Laws - The Company is under no obligation whatsoever to
register under the Act the shares purchased upon exercise of
the option or to comply with, or make available to the
Participant, any exemption under the Act. The Participant
acknowledges that the Company is under no obligation
whatsoever to supply the Participant any information necessary
to enable the Participant to make routine sales thereunder.
III. INFORMATION CONTAINED IN PLAN DOCUMENT AND OTHER MATERIALS
__________________________________________________________
A. Acknowledgment of Receipt - Participant hereby acknowledges
receipt of the Plan document which sets forth the terms and
conditions of the option granted hereunder.
B. Applicability of Plan Document - The terms and conditions of
the Plan are incorporated herein and made part of this
Agreement.
MOLEX INCORPORATED
________________________________________ _________________________________
X. X. Xxxxxxxx Participant
Co-Chairman
________________________________________
X. X. Xxxxxxxx, Xx.
Co-Chairman