exv10w4



 





Exhibit 10.4









STOCK OPTION CONSIDERATION AGREEMENT

GRANT DATE: XXXXXX




The following Agreement is established to protect the trade secrets, intellectual property,
confidential information, customer relationships and goodwill of Motorola, Inc. and each of its
subsidiaries (the “Company”) both as defined in the Motorola Omnibus Incentive Plan of 2006 (the
“2006 Plan”).



As consideration for the stock option(s) granted to me on the date shown above under the terms of
the 2006 Plan (“the Covered Options”), and Motorola having provided me with Confidential
Information as a Motorola appointed vice president or elected officer, I agree to the following:



(1) I agree that during the course of my employment and thereafter, I will not use or disclose,
except on behalf of the Company and pursuant to its directions, any Company Confidential
Information. Confidential Information means information concerning the Company and its business
that is not generally known outside the Company. Confidential Information includes: (i) trade
secrets; (ii) intellectual property; (iii) the Company’s methods of operation and Company
processes; (iv) information regarding the Company’s present and/or future products, developments,
processes and systems, including invention disclosures and patent applications; (v) information on
customers or potential customers, including customer’s names, sales records, prices, and other
terms of sales and Company cost information; (vi) Company personnel data; (vii) Company business
plans, marketing plans, financial data and projections; and (viii) information received in
confidence by the Company from third parties. Information regarding products or technological
innovations in development, in test marketing or being marketed or promoted in a discrete
geographic region, which information the Company or one of its affiliates is considering for
broader use, shall not be deemed generally known until such broader use is actually commercially
implemented.



(2) I agree that during my employment and for a period of one year following my termination of
employment for any reason, I will not hire, recruit, solicit or induce, or cause, allow, permit or
aid others to hire, recruit, solicit or induce, or to communicate in support of those activities,
any employee of the Company who possesses Confidential Information of the Company to terminate
his/her employment with the Company and/or to seek employment with my new or prospective employer,
or any other company.



(3) I agree that during my employment and for a period of one year following the termination of my
employment for any reason, I will not, directly or indirectly, on behalf of myself or any other
person, company or entity, solicit or participate in soliciting, products or services competitive
with or similar to products or services offered by, manufactured by, designed by or distributed by
the Company to any person, company or entity which was a customer or potential customer for such
products or services and with which I had direct or indirect contact regarding those products or
services or about which I learned Confidential Information at any time during the two years prior
to my termination of employment with the Company.



(4) I agree that by accepting the Covered Options, if I violate the terms of paragraphs 1 through
and including 3 of this Agreement, then, in addition to any other remedies available in law and/or
equity, all of my vested and unvested Covered Options will terminate and no longer be exercisable,
and for all Covered Options exercised within one year prior to the termination of my employment for
any reason or anytime after termination of my employment for any reason, I will immediately pay to
the Company the difference between the exercise price on the date of grant as reflected in the
Award Document for the Covered Options and the market price of the Covered Options on the date of
exercise (the “spread”).



(5) The requirements of this agreement can be waived or modified only upon the prior written
consent of Motorola, Inc. I acknowledge that the promises in this Agreement, not any employment of
or services performed by me in the course and scope of that employment, are the sole consideration
for the Covered Options. I agree the Company shall have the right to assign this Agreement which
shall not affect the validity or enforceability of this Agreement. This Agreement shall inure to
the benefit of the Company assigns and successors.



 









 





(6) I agree that during my employment and for a period of one year following the termination
of my employment for any reason, I will immediately inform the Company of (i) the identity of my
new employer (or the nature of any start-up business, consulting arrangements or self-employment),
(ii) my new title, and (iii) my job duties and responsibilities. I hereby authorize the Company to
provide a copy of this Agreement to my new employer. I further agree to provide information to the
Company as may from time to time be requested in order to determine my compliance with the terms of
this Agreement.



(7) I acknowledge that the harm caused to the Company by the breach or anticipated breach of
paragraphs 1, 2,and/or 3 of this Agreement will be irreparable and I agree the Company may obtain
injunctive relief against me in addition to and cumulative with any other legal or equitable rights
and remedies the Company may have pursuant to this Agreement, any other agreements between me and
the Company for the protection of the Company’s Confidential Information, or law, including the
recovery of liquidated damages. I agree that any interim or final equitable relief entered by a
court of competent jurisdiction, as specified in paragraph 10 below, will, at the request of the
Company, be entered on consent and enforced by any such court having jurisdiction over me. This
relief would occur without prejudice to any rights either party may have to appeal from the
proceedings that resulted in any grant of such relief.



(8) With respect to the Covered Options, this Agreement is my entire agreement with the Company.
No waiver of any breach of any provision of this Agreement by the Company shall be construed to be
a waiver of any succeeding breach or as a modification of such provision. The provisions of this
Agreement shall be severable and in the event that any provision of this Agreement shall be found
by any court as specified in paragraph 10 below to be unenforceable, in whole or in part, the
remainder of this Agreement shall nevertheless be enforceable and binding on the parties. I also
agree that the court may modify any invalid, overbroad or unenforceable term of this Agreement so
that such term, as modified, is valid and enforceable under applicable law. Further, I
affirmatively state that I have not, will not and cannot rely on any representations not expressly
made herein.



(9) I accept the terms of this Agreement and the above option(s) to purchase shares of the Common
Stock of the Company, subject to the terms of this Agreement, the 2006 Plan, and any Award Document
issued pursuant thereto. I am familiar with the 2006 Plan and agree to be bound by it to the
extent applicable, as well as by the actions of the Company’s Board of Directors or any committee
thereof.



(10) I agree that this Agreement and the 2006 Plan, and any Award Document issued pursuant thereto,
together constitute an agreement between the Company and me. I further agree that this Agreement
is governed by the laws of Illinois, without giving effect to any state’s principles of Conflicts
of Laws, and any legal action related to this Agreement shall be brought only in a federal or state
court located in Illinois, USA.



	 	 	 	 	 
	 
	 	 	 	 
	 

	 	 
	 	 
	Date

	 	Signature
	 	Printed Name
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	Commerce ID






IN ORDER FOR THE ABOVE-REFERENCED OPTION(S) TO BE AWARDED, THIS AGREEMENT, SIGNED AND DATED, MUST
BE RETURNED TO MOTOROLA c/o EXECUTIVE REWARDS NO LATER THAN ___.




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