EXHIBIT 10.9
STOCK OPTION AGREEMENT
______________________
The Plan: The 2000 Molex Incorporated Incentive Stock Option Plan
(Adopted by the Board of Directors July 28, 2000, and
approved by the Stockholders October 20, 2000)
The Company: MOLEX INCORPORATED The Optionee:______________________
a Delaware corporation who is (check all that apply)
0000 Xxxxxxxxxx Xxxxx ___ a director
Xxxxx, XX 00000 ___ an employee of the Company
or a subsidiary thereof
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 Optionee, the Option set forth in Part I of this Agreement,
upon the terms and conditions of the Plan and subject to the
restrictions set forth below.
I. THE OPTION GRANT (Grant No. ________)
________________
A. Type of Option: This option is intended to be a
___ qualified option covered by '422
of the Internal Revenue Code, as
amended.
___ nonqualified option subject to
ordinary income tax consequences
when exercised.
B. Class of Stock: Molex Incorporated Class A Common Stock
$.05 par value
C. Number of Shares Granted: ______ shares
D. Option Price Per Share: $________/share
X. Xxxxx Date of Option: ___________ __, 20__
F. Vesting Schedule:
1. Initial Waiting Period: _____ from the Grant Date
2. Exercise Periods: After the Initial Waiting Period,
the option is exercisable as follows:
Option shall vest to the maximum
extent of ___% of the total number of
shares covered by the option during
each of the succeeding __ years, each
commencing with the anniversary of
the grant. The right to exercise
shall be cumulative so that the
optionee may exercise in any given
year those unexpired shares he could
have exercised in a prior year but
did not.
3. Accelerated Vesting: Notwithstanding the foregoing, any
unexercised portion of an unexpired
option becomes 100% vested upon death
or total disablement or upon
retirement if the conditions set
forth in the Plan are satisfied.
G. Expiration Date of Option: ___________ __, 20__
H. Termination of Option
Before Expiration: One year after death, disablement or
retirement; or upon termination of
service with the Company for any
reason other than death, disablement
or retirement.
II. SUBSEQUENT SALES OF STOCK PURCHASED UNDER THE PLAN
__________________________________________________
A. Registration - The shares purchased upon exercise of the
option have not been registered under the Securities Act of
1933, as amended (the "Act") or under applicable state
securities laws or exemptions thereunder. The Optionee may
not sell stock purchased pursuant to the Plan any time after
receipt of the stock certificate.
B. Sales By An Affiliate - If the Optionee 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 Optionee holding a high
management position may also be deemed an "affiliate". The
Optionee 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 Optionee, 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
Optionee, any exemption under the Act. The Optionee
acknowledges that the Company is under no obligation
whatsoever to supply the Optionee any information necessary to
enable the Optionee to make routine sales thereunder.
III. INFORMATION CONTAINED IN PLAN DOCUMENT AND OTHER MATERIALS
__________________________________________________________
A. Acknowledgment of Receipt - Optionee 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 Optionee
Co-Chairman
________________________________________
X. X. Xxxxxxxx, Xx.
Co-Chairman
