Exhibit 10.3
McAFEE, INC.
Amendment of Stock Options
By electing to amend your discount
options, the outstanding Stock Option Agreements (the "
Agreements ”) related to grants number 23552, 31936,
and 32115 under the McAfee, Inc. (the " Company ”)
1997 Stock Incentive Plan and the Networks Associates, Inc. 2000
Nonstatutory Stock Option Plan (together, the “ Plans
”) by and between the Company and Christopher Bolin (“
Optionee ”) are hereby amended as follows:
Unless otherwise defined herein,
initially capitalized terms shall have the same meanings as defined
in the Plan.
1. Effective Date . This
Amendment of Stock Options and Election to Amend Stock Options
(“ Amendment ”) is effective as of the last date
on which this Agreement is executed (the “ Effective
Date ”).
2. Amendments to Exercise
Price Per Share .
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(a) |
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The exercise price of the options which vest January 1,
2005 or later, to purchase 2,083 shares of Company common stock
under grant number 23552 are hereby increased to $6.03 per
share; |
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(b) |
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The exercise price of the options which vest January 1,
2005 or later, to purchase 30,000 shares of Company common stock
under grant number 31936 are hereby increased to $18.90 per share;
and |
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(c) |
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The exercise price of the options which vest January 1,
2005 or later, to purchase 75,000 shares of Company common stock
under grant number 32115 are hereby increased to $16.75 per
share. |
3. Option Agreements .
To the extent not expressly amended hereby, the Agreements remain
in full force and effect.
4. Payment . In order to
compensate you for 100% of the value lost by increasing your option
exercise prices
