EXHIBIT 10.12
Molex Incorporated
2005 Molex Incentive Stock Option Plan
Stock Option Agreement
This Stock Option Agreement
(“Agreement”) is between Molex Incorporated
(“Molex”) and «PARTICIPANT NAME»
(“Director”) and shall be effective as of
«GRANT DATE» (“Grant Date”).
1. Grant of Stock
Option . Subject to the provisions set forth herein and the
terms of the 2005 Molex Incentive Stock Option Plan
(“Plan”), the terms of which are incorporated by
reference, and in consideration of the agreements of Director
herein provided, Molex grants to Director a nonqualified stock
option (“Stock Option”) to purchase «NUMBER OF
SHARES GRANTED» shares of Molex’s Class A
Common Stock (“Stock”), at «GRANT
PRICE» per share.
2. Vesting and
Expiration . The Stock Option shall not be exercisable
during the one-year period following the Grant Date. Following the
one-year period, the Stock Option 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 sixth 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 may be accelerated upon the death, total disablement or
retirement of Director pursuant to the terms of the Plan. The Stock
Option will be canceled immediately upon the termination of service
of Director if such termination is not caused by the
Director’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 th
