Molex Incorporated 2000 Molex Long-Term Stock Plan Equity Award Agreement
EXHIBIT 10.14
This Equity Award Agreement (“Agreement”) is between Molex Incorporated (“Molex”) and
«PARTICIPANT NAME» (“Executive”) and shall be effective as of «GRANT DATE» (“Grant Date”).
1. Equity Grant. Subject to the provisions set forth herein and the terms of the 2000
Molex Long-Term Stock Plan (“Plan”), the terms of which are incorporated by reference, and in
consideration of the agreements of Executive herein provided, Molex grants to Executive (a) a
nonqualified stock option (“Stock Option”) to purchase «NUMBER OF SHARES GRANTED» shares of Molex’s
Class A Common Stock (“Stock”), at «▇▇▇▇▇ ▇▇▇▇▇» per share; and (b) a stock bonus award to receive
«NUMBER OF SHARES GRANTED» shares of Molex’s Class A Common Stock (“Stock Bonus Award”).
2. Vesting and Expiration. The Stock Option and Stock Bonus Award shall not be
exercisable during the one-year period following the Grant Date. Following the one-year period,
the Stock Option and Stock Bonus Award shall vest in accordance with the following schedule: 25% on
the first anniversary of the Grant Date; 25% on the second anniversary of the Grant Date; 25% on
the third anniversary of the Grant Date; and 25% on the fourth anniversary of the Grant Date. To
the extent that the Stock Option is not exercised when it vests, the Stock Option shall not expire
but shall be carried forward and shall be exercisable at any time thereafter, provided, however,
that the Stock Option shall expire on the fifth anniversary of the Grant Date or «EXPIRATION DATE».
3. Exercise of Stock Option. The Stock Option may be exercised in accordance with the
Plan, and in accordance with the practices and procedures of Molex applicable to the exercise of
Stock Options.
4. Effect of Termination of Service, Death or Disability. The vesting of the Stock
Option and/or Stock Bonus Award may be accelerated upon the death, total disablement or retirement
of Executive pursuant to the terms of the Plan. The Stock Option and/or Stock Bonus Award will be
canceled immediately upon the termination of service of Executive if such termination is not caused
by the Executive’s death, total disablement or retirement pursuant to the terms of the Plan.
5. Registration of Stock. Any Stock acquired under the Plan has been registered under
the Securities Act of 1933, as amended (the “Act”) or under applicable state securities laws or
exemptions thereunder. Executive may sell Stock purchased pursuant to the Plan subject to
complying with applicable federal securities laws and rules and Molex’s ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Policy.
6. Transferability. The Stock Option and Stock Bonus Award granted hereunder is
personal to Executive and no rights granted hereunder may be transferred, assigned, pledged or
hypothecated in any way (whether by operation of law or otherwise) except as permitted under
Section 8.2 of the Plan.
7. Rights as Stockholder. Executive or other person or entity exercising the Stock
Option or receiving the Stock Bonus Award shall have no rights as a stockholder with respect to any
Stock covered by the grant until any such Stock has been fully paid and/or issued as provided
herein.
8. Taxes. Molex’s obligation to deliver Stock upon the exercise of a Stock Option or
the vesting of a Stock Bonus Award shall be subject to Executive’s satisfaction of all applicable
federal, state and local income, excise and employment tax withholding requirements.
9. Continued Employment. Nothing contained in this Agreement shall be construed or
deemed under any circumstances to bind Molex to continue the employment of Executive for the period
within which the Stock Option may be exercised and/or the Stock Bonus Award vested.
10. Severability. In the event any one or more of the provisions of this Agreement
shall be held invalid, illegal or unenforceable in any respect in any jurisdiction, such provision
or provisions shall be automatically deemed amended, but only to the extent necessary to render
such provision or provisions valid, legal and enforceable in such jurisdiction, and the validity,
legality and enforceability of the remaining provisions of this Agreement shall not in any way be
affected or impaired thereby.
11. Governing Law. This Agreement shall be administered, construed and governed in
all respects under and by the laws of the State of Illinois, without reference to conflicts of laws
principles.
12. Electronic Acceptance. The exercise of the Stock Option and/or the distribution
of a vested Stock Bonus Award are conditioned upon the electronic acceptance by Executive of the
terms hereof in the manner established by Molex.
13. Acknowledgment. Executive acknowledges receipt of a copy of the Plan, the related
prospectus, and this Agreement and represents that he or she is familiar with the terms and
provisions thereof, and hereby accepts the grant and agrees to be bound by its contractual terms as
set forth herein and in the Plan. Executive hereby agrees to accept as binding, conclusive and
final all decisions and interpretations of the Committee (as defined in Article IV of the Plan)
regarding any questions relating to the grant. In the event of a conflict between the terms and
provisions of the Plan and the terms and provisions of the prospectus and this Agreement, the Plan
terms and provisions shall prevail.
14. Eligibility. Executive acknowledges and agrees to the collection, use, processing
and transfer of certain personal data as described in this Section 14. The Executive understands
that Molex may hold certain personal information about the Executive, including his or her name,
salary, nationality, job title, position evaluation rating along with details of all past awards
and current awards outstanding under the Plan, for the purpose of managing and administering the
plan (the “Data”). Molex, or its affiliates, will transfer Data amongst themselves as necessary
for the purpose of implementation, administration and management of the Plan.
2
Molex and/or any of it affiliates may further transfer Data to any third parties assisting Molex in
the implementation, administration and management of the Plan. The Executive authorizes these
various recipients of Data to receive, possess, use, retain and transfer the Data, in electronic or
other form, for the purposes of implementing, administering and managing the Plan.
15. Limitation of Liability. Notwithstanding any provisions contained in this
Agreement of the Plan, the Committee and the Company shall not under any circumstances be held
liable for any costs, losses, expenses and/or damages whatsoever and howsoever arising in any event
including but not limited to those arising in connection with the Plan or the administration
thereof.
Molex Incorporated
|
Employee | |
▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
|
«PARTICIPANT NAME» | |
Vice President, Human Resources
|
(Signed electronically) |
3