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CERTIFICATE OF AMENDMENT TO CERTIFICATE OF DESIGNATION    
    
    OF    
    
    JUNIOR CLASS B PIK PREFERRED STOCK    
    
    OF    
    
    FANNIE MAY HOLDINGS, INC.    

Pursuant
to Section 242 of the Delaware

General Corporation Law 

    The
undersigned, President and Secretary, respectively, of FANNIE MAY HOLDINGS, INC., a Delaware corporation (the "Company"), certify that pursuant to authority granted to and
vested in the Board of Directors of the Company by the provisions of the Certificate of Incorporation of the Company, the Board of Directors has adopted the following resolution amending and restating
the Certificate of Designation of Junior Class B PIK Preferred Stock of the Company: 

    WHEREAS,
pursuant to the authority granted to and vested in the Board of Directors of the Company (hereinafter the "Board of Directors") in accordance with the provisions of the
Certificate of Incorporation of the Company, the Board of Directors created a series of Preferred Stock designated as the Junior Class B PIK Preferred Stock, without par value, of the Company
(such series being hereinafter sometimes called the Junior Class B PIK Preferred Stock) and fixed the designation and amount thereof and the voting powers, preferences and relative,
participating, optional and other special rights of the shares of such series, and the qualifications, limitations or restrictions thereof as set forth in that certain Certificate of Designation dated
October 28, 1991 (the "Original Certificate of Designation"), and filed in the office of the Secretary of State of the State of Delaware on October 29,
1991, which Certificate of Designation became a part of the Company's Certificate of Incorporation pursuant to the General Corporation Law of the State of Delaware; 

    WHEREAS,
on June 28, 2001, the Company filed an amendment to Section 1.5(b) of the Original Certificate of Designation, pursuant to which the mandatory redemption
date of the Junior Class B PIK Preferred Stock was extended from November 1, 2001 until March 15, 2006; 

    WHEREAS,
the Company desires to further amend certain other provisions of the Original Certificate of Designation to modify the accrual of dividends on the Junior Class B PIK
Preferred Stock; 

    WHEREAS,
pursuant to the General Corporation Law of the State of Delaware, such changes require that the Company further amend its Certificate of Incorporation; and 

    WHEREAS,
the holders of the Junior Class B PIK Preferred Stock have unanimously approved the amendment and restatement of the Certificate of Designation set forth below. 

    NOW,
THEREFORE, BE IT RESOLVED, that the Company hereby amends its Certificate of Incorporation by amending and restating, in its entirety, the Certificate of Designation, and hereby
fixes the relative rights, preferences, and limitations of the Junior Class B PIK Preferred Stock as follows: 

1.1 Designation and Amount  

    The shares of such series shall be designated Junior Class B PIK Preferred Stock and the number of shares constituting such series shall initially be
62. 

1.2 Dividends  

    The holders of shares of Junior Class B PIK Preferred Stock shall be entitled to receive, out of the assets of the Company legally available therefor
and as and when declared by the Board of Directors, dividends at the rate of $2,000 per share per annum, payable annually on the first business day of the month of November in each year (each a
"Dividend Payment Date"), commencing November 15, 1992 to Stockholders of record as of each such date until the Junior 

 

Class B PIK Preferred Stock is redeemed as hereinafter provided; provided, that after the Dividend Payment Date occurring on November 1, 2000 (the "2000 Payment Date"), dividends shall
no longer be payable annually but rather shall accrue and cumulate, on an annual compounding basis, from the 2000 Payment Date and be payable either upon liquidation in accordance with
Section 1.3 or upon redemption in accordance with Section 1.5. 

    On
any or all Dividend Payment Dates prior to and including the 2000 Payment Date, such dividends shall be paid, instead of in cash, in whole or in part, on declaration of the Board
of Directors, in additional shares of Junior Class B PIK Preferred Stock (the "Additional Shares"). Such Additional Shares shall be valued at $25,000 per share with a liquidation value of
$25,000 per share and shall have dividends payable annually at the rate specified in the next preceding paragraph. 

    Dividends
shall accrue from the date of original issue of the Junior Class B PIK Preferred Stock, except that dividends on Additional Shares shall accrue from the date such
Additional Shares are issued. For the period prior to and including the 2000 Payment Date, dividends which are not paid in full will cumulate as if dividends had been paid on the relevant Dividend
Payment Date in Additional Shares and such Additional Shares will be deemed to be outstanding on each succeeding Dividend Payment Date until such accumulated annual dividends shall have been declared
and paid in cash or in Additional Shares. Any such declaration may be for a portion, or all, of the then accumulated dividends. To the extent that all or any part of dividends in Additional Shares
would result in the issuance of a fractional Additional Share (which shall be determined with respect to the aggregate number of shares of Junior Class B PIK Preferred Stock held, or deemed to
be held, of record by each holder) then such amount shall be paid in fractions of Additional Shares based on a value of $25,000 per share. 

    After
the 2000 Payment Date, dividends shall accrue and cumulate, on an annual compounding basis, from the 2000 Payment Date and be payable in cash either upon liquidation in
accordance with Section 1.3 or upon redemption in accordance with Section 1.5. Dividends may not be paid in Additional Shares after the 2000 Payment Date. 

    No
dividend may be paid or declared and set apart for payment on any share of Junior Class B PIK Preferred Stock unless at the same time a ratable dividend in cash or
Additional Shares is paid or set apart for payment on all shares of Junior Class B PIK Preferred Stock then outstanding. 

1.3 Liquidation Rights  

    Preference on Liquidation, etc. In the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company, before any
payment or distribution of the assets of the Company (whether capital or surplus) or proceeds thereof, shall be made to or set apart for the holders of shares of any
Junior Securities but after all the Senior Preferred Stock and Junior Class A PIK Preferred Stock shall have been redeemed in cash in full, the holders of shares of Junior Class B PIK
Preferred Stock not then redeemed shall be entitled to receive payment of $25,000 per share held by them, plus an amount equal to all accrued and unpaid dividends thereon, whether or not declared, to
the date of such payment. If, upon any liquidation, dissolution or winding-up of the Company, the assets of the Company, or proceeds thereof, distributed among the holders of shares of
Junior Class B PIK Preferred Stock shall be insufficient to pay in full the respective preferential amounts on shares of Junior Class B PIK Preferred Stock, then such assets, or the
proceeds thereof, shall be distributed among the holders of Junior Class B PIK Preferred Stock ratably in accordance with the respective amounts which would be payable on such shares if all
amounts payable thereon were paid in full. After payment of the full amount of the liquidation preference to which the holders of Senior Preferred Stock and then the Junior Class A PIK 

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Preferred Stock are entitled and then payment of the full amount of the liquidation preference to which the holders of the Junior Class B PIK Preferred Stock are entitled, the holders of the
Junior Class B PIK Preferred Stock will not be entitled to any further participation in any distribution of assets of the Company. For the purposes of this paragraph 1.3, the merger or
the consolidation of the Company into or with another corporation or the merger or consolidation of any other corporation (other than a wholly owned subsidiary) into or with the Company or the sale,
transfer or other disposition of all or substantially all the assets of the Company, shall be deemed to be a voluntary or involuntary liquidation, dissolution or winding-up of the Company. 

1.4 Retirement of Shares  

    Shares of Junior Class B PIK Preferred Stock which have been issued and have been redeemed, repurchased or reacquired in any manner by the Company shall
be retired and not reissued and shall resume the status of authorized but unissued and non-designated shares of Preferred Stock of the Company. 

1.5 Redemption  

    (a) Provided
all of the shares of Senior Preferred Stock and Junior Class A PIK Preferred Stock have theretofore been redeemed in full for cash, with all
dividends accrued thereon, and such redemption is not then prohibited by any agreement to which the Company is then a party, the shares of Junior Class B PIK Preferred Stock may be redeemed at
any time at the Company's option, at $25,000 per share, plus in each case all accrued and unpaid dividends thereon, whether or not declared, to date of redemption. If less than all the shares of
Junior Class B PIK Preferred Stock are to be redeemed, the shares to be redeemed will be redeemed, at the Company's option, (a) by lot or (b) on a pro rata basis. 

    (b) All
shares of Junior Class B PIK Preferred Stock not theretofore redeemed, shall be redeemed by payment of cash on March 15, 2006 at $25,000 per share
plus all accrued and unpaid dividends thereon, whether or not declared, to the date of redemption, subject to the applicable provisions of law. 

    (c) The
Company shall cause to be mailed to each of the holders of Junior Class B PIK Preferred Stock to be redeemed, at their last addresses as they shall
appear upon the Preferred Stock Register, at least 15 days and not more than 90 days prior to the record date of such redemption, a notice stating the date on which such redemption is
expected to take place (the "Redemption Date"). Except as otherwise required by applicable law, the failure to give any such notice, or any defect therein, shall not affect the validity of such a
redemption. 

    (d) On
or after the Redemption Date, the holders of shares of Junior Class B PIK Preferred Stock which have been redeemed shall surrender their certificates
representing such shares to the Company at its principal place of business or as otherwise notified, and thereupon the redemption price of such shares shall be payable to the order of the person whose
name appears on such certificate or certificates as the owner thereof and each surrendered certificate shall be cancelled. From and after the Redemption Date, all rights of the holders of such
redeemed shares of Junior Class B PIK Preferred Stock, except the right to receive the redemption price together with an amount equal to all accrued and unpaid dividends to the date of
redemption without interest upon surrender of their certificate or certificates, shall cease with respect to such shares, and such shares shall not thereafter be transferred on the books of the
Company or be deemed to be outstanding for any purpose whatsoever. 

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1.6 Voting Rights  

    Except as required by law or any other provision of the Certificate of Incorporation of the Company, the holder of each outstanding share of Junior
Class B PIK Preferred Stock shall not be entitled to vote on any matter submitted to a vote of stockholders. 

1.7 Other Rights And Amendments  

    Without the written consent of or the vote of holders of a majority of the outstanding shares of Junior Class B PIK Preferred Stock (voting as a class)
at a meeting of the holders of Junior Class B PIK Preferred Stock called for such purpose, the Company will not (i) issue any other class or series of stock which is pari passu with, or
entitled to a preference over, the Junior Class B PIK Preferred Stock with respect to any dividend or distribution or any liquidation, distribution of assets, dissolution or
winding-up of the Company, except (A) the 1,500 shares of Senior Preferred Stock described in the Certificate of Designation dated October 25, 1991 adopted pursuant to
Section 151 of the Delaware General Corporation Law by the directors of the Company, as amended and restated by the Amended and Restated Certificate of Designation of the Senior Preferred Stock
which was filed on June 28, 2001 with the Secretary of State of the State of Delaware and (B) the 625 shares of Junior Class A PIK Preferred Stock described in the Certificate of
Designation dated October 25, 1991 adopted pursuant to Section 151 of the Delaware General Corporation Law by the directors of the Company, as amended by the Certificate of Amendment of
the Certificate of Incorporation with respect to the Junior Class A PIK Preferred Stock Certificate of Designation which was filed on June 28, 2001 with the Secretary of State of the
State of Delaware, and as further amended by the Certificate of Amendment to Certificate of Designation with respect to the Junior Class A Preferred Stock which is being filed with the
Secretary of State of the State of Delaware concurrently with this Certificate of Amendment to Certificate of Designation, or (ii) amend, alter, repeal or waive any provision of the Certificate
of Incorporation so as to adversely affect the preferences, rights or powers of the Junior Class B PIK Preferred Stock; provided, however, that any such amendment that reduces the amount of
dividend payable on or the liquidation or redemption price of shares of Junior Class B PIK Preferred Stock shall require the affirmative vote at a meeting called for such purpose, or written
consent of, the holder of each share of Junior Class B PIK Preferred Stock. 

1.8 Issuance  

    The Company will not issue more than 30 shares of Junior Class B PIK Preferred Stock, together with such number of Additional Shares as may be issued in
lieu of cash dividends in accordance with paragraph 1.2. 

1.9 General Provisions  

    (a) The
headings of the paragraphs, subparagraphs, clauses and subclauses of this Certificate of Designation are for convenience of reference only and shall not
define, limit or affect any of the provisions hereof. 

    (b) Each
holder of Junior Class B PIK Preferred Stock, by acceptance thereof, acknowledges and agrees that payments of dividends, and redemption and repurchase
of, such securities by the Company are subject to restrictions and prohibitions contained in certain credit agreements, indentures and other agreements to which the Company is a party. 

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    (c) The following terms (except as otherwise expressly provided or unless the context clearly requires) for all purposes of this Certificate shall have the meanings
specified below: 

    "Junior
Securities" means, collectively, the Common Stock, $.01 par value, of the Company or any other series of stock issued by the Company ranking junior to the Junior
Class B PIK Preferred Stock in payment of dividends or upon dissolution, liquidation or winding up of the Company. 

    "Person"
as used herein means any corporation, partnership, trust, organization, association, other entity or individual. 

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    IN WITNESS WHEREOF, this Certificate of Amendment has been executed and attested by the undersigned on December 18, 2001. 

	 	 	/s/ TED A. SHEPHERD   
 Ted A. Shepherd, President
	

Attest:	
 	

 
	

/s/ RICHARD J. ANGLIN   
 Richard J. Anglin, Secretary	
 	

 

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CERTIFICATE OF AMENDMENT TO CERTIFICATE OF DESIGNATION OF JUNIOR CLASS B PIK PREFERRED STOCK OF FANNIE MAY HOLDINGS, INC.Prepared by MERRILL CORPORATION

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EXHIBIT 4.10    
  

 
 

MICRON TECHNOLOGY, INC.
  2001 STOCK OPTION PLAN    
  

    1.  Purposes of the Plan.  The purposes of this Stock Option Plan are: 

	•
	to
attract and retain the best available personnel for positions of substantial responsibility,

	•
	to
provide additional incentive to Employees, Directors, and Consultants, and

	•
	to
promote the success of the Company's business. 

Options
granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as determined by the Administrator at the time of grant. 

    2.  Definitions.  As used herein, the following definitions shall apply: 

    (a) "Administrator" means the Board or any of its Committees as shall be administering the Plan, in accordance with
Section 4 of the Plan. 

    (b) "Applicable Laws" means the legal requirements relating to the administration of stock option plans under Delaware
corporate and securities laws and the Code. 

    (c) "Board" means the Board of Directors of the Company. 

    (d) "Change in Control" means the acquisition by any person or entity, directly, indirectly or beneficially, acting
alone or in concert, of more than thirty-five percent (35%) of the Common Stock of the Company outstanding at any time. 

    (e) "Code" means the Internal Revenue Code of 1986, as amended. 

    (f)  "Committee" means a Committee appointed by the Board in accordance with Section 4 of the Plan. 

    (g) "Common Stock" means the Common Stock of the Company. 

    (h) "Company" means Micron Technology, Inc., a Delaware corporation. 

    (i)  "Consultant" means any person, including an advisor, engaged by the Company or a Parent or Subsidiary to render
services and who is compensated for such services. 

    (j)  "Continuous Status as an Employee or Consultant" means that the employment or consulting relationship with the
Company, any Parent, or Subsidiary, is not interrupted or terminated. Continuous Status as an Employee or Consultant shall not be considered interrupted in the case of (i) military leave, sick
leave, or any personal leave of absence approved by the Company, or (ii) transfers between locations of the Company or between the Company, its Parent, any Subsidiary, or any successor, or
(iii) in the discretion of the Administrator as specified at or prior to such occurrence, in the case of a spin-off, sale, or disposition of the Optionee's employer from the Company
or any Parent or Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed 90 days, unless reemployment upon expiration of such leave is guaranteed by statute or contract.
If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, on the 91st day of such leave any Incentive Stock Option held by the Optionee shall cease to be
treated as an Incentive Stock Option and shall be treated for tax purposes as a Nonstatutory Stock Option. 

    (k) "Director" means a member of the Board. 

    (l)  "Disability" means total and permanent disability as defined in Section 22(e)(3) of the Code. 

 

    (m) "Employee" means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary
of the Company. Neither service as a Director nor payment of a director's fee by the Company shall be sufficient to constitute "employment" by the Company. 

    (n) "Exchange Act" means the Securities Exchange Act of 1934, as amended. 

    (o) "Fair Market Value" means, as of any date, the value of Common Stock determined as follows: 

    (i)  If
the Common Stock is listed on any established stock exchange, including without limitation the New York Stock Exchange ("NYSE"), or a national market system,
the Fair Market Value of a Share of Common Stock shall be the average closing price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system (or the exchange
with the greatest volume of trading in Common Stock) for the last market trading day prior to the day of determination, as reported by Bloomberg L.L.P.
or such other source as the Administrator deems reliable; 

    (ii) If
the Common Stock is quoted on the over-the-counter market or is regularly quoted by a recognized securities dealer, but selling prices
are not reported, the Fair Market Value of a Share of Common Stock shall be the mean between the high bid and low asked prices for the Common Stock on the last market trading day prior to the day of
determination, as reported by Bloomberg L.L.P. or such other source as the Administrator deems reliable; 

    (iii) In
the absence of an established market for the Common Stock, the Fair Market Value shall be determined in good faith by the Administrator. 

    (p) "Incentive Stock Option" means an Option that qualifies as an incentive stock option within the meaning of
Section 422 of the Code and the regulations promulgated thereunder. 

    (q) "Nonstatutory Stock Option" means an Option that does not qualify as an Incentive Stock Option. 

    (r) "Notice of Grant" means a written notice evidencing certain terms and conditions of an individual Option grant. The
Notice of Grant is subject to the terms and conditions of the Option Agreement. 

    (s) "Officer" means a person who is an officer of the Company within the meaning of Section 16 of the Exchange
Act and the rules and regulations promulgated thereunder. 

    (t)  "Option" means a stock option granted pursuant to the Plan. 

    (u) "Option Agreement" means a written agreement between the Company and an Optionee evidencing the terms and conditions
of an individual Option grant. The Option Agreement is subject to the terms and conditions of the Plan. 

    (v) "Optioned Stock" means the Common Stock subject to an Option. 

    (w) "Optionee" means an Employee or Consultant who holds an outstanding 

    (x) "Parent" means a "parent corporation", whether now or hereafter existing, as defined in Section 424(e) of the
Code. 

    (y) "Plan" means this 2001 Option Plan. 

    (z) "Rule 16b-3" means Rule 16b-3 of the Exchange Act or any successor to
Rule 16b-3, as in effect when discretion is being exercised with respect to the Plan. 

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    (aa) "Share" means a share of the Common Stock, as adjusted in accordance with Section 12 of the Plan. 

    (bb) "Subsidiary" means a "subsidiary corporation", whether now or hereafter existing, as defined in
Section 424(f) of the Code. In the case of an Option that is not intended to qualify as an Incentive Stock Option, the term "Subsidiary" shall also include any other entity in which the
Company, or any Parent or Subsidiary of the Company has a significant ownership interest. 

    3.  Stock Subject to the Plan.  Subject to the provisions of Section 12 of the Plan, the maximum
aggregate number of Shares which may be optioned and sold under the Plan is 10,000,000 Shares. The Shares may be authorized, but unissued, or reacquired Common Stock. 

    If
an Option expires or becomes unexercisable without having been exercised in full, the unpurchased Shares which were subject thereto shall become available for future grant or sale
under the Plan (unless the Plan has terminated); provided, however, that Shares that have actually been issued under the Plan shall not be returned to
the Plan and shall not become available for future distribution under the Plan. 

    4.  Administration of the Plan.  

    (a) Administrator. The Plan shall be administered by a Committee appointed by the Board (which Committee shall consist
of two or more directors) or, at the discretion of the Board from time to time, the Plan may be administered by the Board. It is intended that the directors appointed to serve on the Committee shall
be "non-employee directors" (within the meaning of Rule 16b-3) and "outside directors" (within the meaning of Code Section 162(m)). However, the mere fact that a
Committee member shall fail to qualify under either of the foregoing requirements shall not invalidate any Option granted by the Committee which Option is otherwise validly made under the Plan. The
members of the Committee shall be appointed by, and may be changed at any time and from time to time in the discretion of, the Board. The Board, in its discretion, may delegate to a special Committee
all or part of the Administrator's authority and duties with respect to grants and awards to individuals who at the time of grant are not, and are not anticipated to become, either (i) "covered
employees," as defined in Code Section 162(m)(3), or (ii) persons subject to the reporting and other provisions of Section 16 of the Exchange Act. The Board may revoke or amend
the terms of a delegation at any time but such action shall not invalidate any prior actions of the delegate or delegates that were consistent with the terms of the Plan. 

    (b) Powers of the Administrator. Subject to the provisions of the Plan, and in the case of a Committee, subject to the
specific duties delegated by the Board to such Committee, the Administrator shall have the authority, in its discretion: 

    (i)  to
determine the Fair Market Value of the Common Stock, in accordance with Section 2(o) of the Plan; 

    (ii) to
select the Employees, Directors, and Consultants to whom Options may be granted hereunder; 

    (iii) to
determine whether and to what extent Options are granted 

    (iv) to
determine the number of shares of Common Stock to be covered by each Option granted hereunder; 

    (v) to
approve forms of agreement for use under the Plan; 

    (vi) to
determine the terms and conditions, not inconsistent with the terms of the Plan, of any award granted hereunder. Such terms and conditions include, but are not
limited to, the exercise price, the time or times when Options may be exercised (which may be based on 

3

 

performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Option or the shares of Common Stock relating thereto, based in
each case on such factors as the Administrator, in its sole discretion, shall determine; 

    (vii) to
construe and interpret the terms of the Plan and awards granted pursuant to the Plan; 

    (viii) to
prescribe, amend, and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans
established for the purpose of qualifying for preferred tax treatment under foreign tax laws; 

    (ix) to
authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Option previously granted by the Administrator; and 

    (x) to
make all other determinations deemed necessary or advisable for administering the Plan; and 

    (xi) to
allow Optionees to satisfy withholding tax obligations by electing to have the Company withhold from the Shares to be issued upon exercise of an Option that
number of Shares having a Fair Market Value equal to the amount required to be withheld. The Fair Market Value of the Shares to be
withheld shall be determined on the date that the amount of tax to be withheld is to be determined. All elections by an Optionee to have Shares withheld for this purpose shall be made in such form and
under such conditions as the Administrator may deem necessary or advisable. 

    (c) Effect of Administrator's Decision. The Administrator's decisions, determinations, and interpretations shall be
final and binding on all Optionees and any other holders of Options. 

    5.  Eligibility.  Nonstatutory Stock Options may be granted to Employees, Directors, and Consultants.
Incentive Stock Options may be granted only to Employees. If otherwise eligible, an Employee or Consultant who has been granted an Option may be granted additional Options. 

    6.  Limitations.  

    (a) Each
Option shall be designated in the Notice of Grant as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such
designations, to the extent that the aggregate Fair Market Value of Shares subject to an Optionee's Incentive Stock Options granted by the Company or any Parent or Subsidiary, which become exercisable
for the first time during any calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess Options shall be treated as Nonstatutory Stock Options. For
purposes of this Section 6(a), Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value of the Shares shall be determined as of the
time of grant. 

    (b) Neither
the Plan nor any Option shall confer upon an Optionee any right with respect to continuing the Optionee's employment or consulting relationship with the
Company, nor shall they interfere in any way with the Optionee's right or the Company's right to terminate such employment or consulting relationship at any time, with or without cause. 

    (c) The
following limitations shall apply to grants of Options to Employees: 

    (i)  No
Employee shall be granted, in any fiscal year of the Company, Options to purchase more than 2,000,000 Shares. 

    (ii) The
foregoing limitations shall be adjusted proportionately in connection with any change in the Company's capitalization as described in Section 12. 

    7.  Term of Plan.  Subject to Section 18 of the Plan, the Plan shall become effective upon the
earlier to occur of its adoption by the Board or its approval by the shareholders of the Company as 

4

 

described in Section 18 of the Plan. It shall continue in effect for a term of ten (10) years unless terminated earlier under Section 14 of the Plan. 

    8.  Term of Option.  The term of each Option shall be stated in the Notice of Grant, but shall not exceed
ten (10) years; provided, however, that in the case of an Incentive Stock Option granted to an Optionee who, at the time Incentive Stock Option is granted, owns stock representing more than ten
percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option shall not be longer than five (5) years from the
date of grant. 

    9.  Option Exercise Price and Consideration.  

    (a) Exercise Price. The per share exercise price for the Shares to be issued pursuant to exercise of an Option shall be
determined by the Administrator, but shall not be less than the Fair Market Value per share on the date of grant of the Option. In the case of an Incentive Stock Option granted to an Employee who, at
the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or Parent or Subsidiary, the per share
exercise price shall be no less than 110% of the Fair Market Value per Share on the date of grant. 

    (b) Waiting Period and Exercise Dates. At the time an Option is granted, the Administrator shall fix the period within
which the Option may be exercised and shall determine any conditions which must be satisfied before the Option may be exercised. In doing so, the Administrator may specify that an Option may not be
exercised until the completion of a service period. 

    (c) Form of Consideration. The Administrator shall determine the acceptable form of consideration for exercising an
Option, including the method of payment. The Administrator shall determine the acceptable form of consideration at the time of grant. Such consideration may consist entirely of: 

    (i)  cash;

    (ii) check;

    (iii) promissory
note; 

    (iv) other
Shares which have been owned by the Optionee for more than six months on the date of surrender and have a Fair Market Value on the date of surrender equal to
the aggregate exercise price of the Shares as to which said Option shall be exercised; 

    (v) to
the extent permitted under Regulation T of the Federal Reserve Board, and subject to applicable securities laws and the Company's adoption of such program
in connection with the Plan, the delivery of a properly executed exercise notice together with such other documentation as the Administrator and the broker, if applicable, shall require to effect a
so-called "cashless exercise" whereby the broker sells the Option Shares and delivers cash sales proceeds to the Company in payment of the exercise price and any applicable taxes (in which
case the date of exercise shall be deemed to be the date on which notice of exercise is received by the Company, and the exercise price shall be delivered to the Company on the settlement date): 

    (vi) a
reduction in the amount of any Company liability to the Optionee, including any liability attributable to the Optionee's participation in any Company sponsored
deferred compensation program or arrangement; 

    (vii) any
combination of the foregoing methods of payment; or 

    (viii) such
other consideration and method of payment for the issuance of Shares to the extent approved by the Administrator and permitted by Applicable
Laws. 

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    10.  Exercise of Option.  

    (a) Procedure for Exercise; Rights as a Shareholder. Any Option granted thereunder shall be exercisable according to the
terms of the Plan and at such times and under such conditions as determined by the Administrator and set forth in the Option Agreement. 

    An
Option may not be exercised for a fraction of a Share. 

    An
Option shall be deemed exercised when the Company receives: (i) notice of exercise (in accordance with the Option Agreement) from the person entitled to exercise the Option,
and (ii) full payment for the Shares with respect to which the Option is exercised. Full payment may consist of any consideration and method of payment authorized by the Administrator and
permitted by the Option Agreement and the Plan. Until the stock certificate evidencing such Shares is issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized
transfer agent of the Company), no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option.
The Company shall issue (or cause to be issued) such stock certificate, either in book entry form or in certificate form, promptly after the Option is exercised. No adjustment will be made for a
dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 12 of the Plan. 

    Exercising
an Option in any manner shall decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to
which the Option is exercised. 

    (b) Termination of Employment or Consulting Relationship. Upon termination of an Optionee's Continuous Status as an
Employee or Consultant, other than upon the Optionee's death or Disability, the Optionee may exercise his or her Option, but only within such period of time as is specified in the Notice of Grant, and
only to the extent that the Optionee was entitled to exercise it as the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Notice of Grant).
In the absence of a specified time in the Notice of Grant, the Option shall remain exercisable for thirty 30 days following the Optionee's termination of Continuous Status as an Employee or
Consultant. In the case of an Incentive Stock Option, such period of time shall not exceed thirty (30) days from the date of termination. If, at the date of termination, the Optionee is not
entitled to exercise his or her entire Option, the Shares covered by the unexercisable portion of the Option shall revert to the Plan. If, after termination, the Optionee does not exercise his or her
Option within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan. 

    (c) Disability of Optionee. In the event that an Optionee's Continuous Status as an Employee or Consultant terminates as
a result of the Optionee's Disability, the Optionee may exercise his or her Option at any time within twelve (12) months from the date of such termination, but only to the extent that the
Optionee was entitled to exercise it at the date of such termination (but in no event later than the expiration of the term of such Option as set forth in the Notice of Grant). If, at the date of
termination, the Optionee does not exercise his or her entire Option, the Shares covered by the unexercisable portion of the Option shall revert to the Plan. If, after termination, the Optionee does
not exercise his or her option within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan. 

    (d) Death of Optionee. In the event of the death of an Optionee, the Option may be exercised at any time within twelve
(12) months following the date of death (but in no event later than the expiration of the term of such Option as set forth in the Notice of Grant), by the Optionee's estate or by a person
who acquired the right to exercise the Option by bequest or inheritance, but only to the extent that the Optionee was entitled to exercise the Option at the date of death. If, at any 

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time of death, the Optionee was not entitled to exercise his or her entire Option, the Shares covered by the unexercisable portion of the Option shall immediately revert to the Plan. If, after death,
the Optionee's estate or a person who acquired the right to exercise the Option by bequest or inheritance does not exercise the Option within the time specified herein, the Option shall terminate, and
the Shares covered by such Option shall revert to the Plan. 

    (e) Suspension. Any Optionee who is also a participant in the Retirement at Micron ("RAM") Section 401(k) Plan
and who requests and receives a hardship distribution from the RAM Plan, is prohibited from making, and must suspend, his or her employee elective contributions and employee contributions including,
without limitation on the foregoing, the exercise of any Option granted from the date of receipt by that employee of the RAM hardship distribution. 

    11.  Non-Transferability of Options.  Unless determined otherwise by the Administrator, an
Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the
lifetime of the Optionee, only by the Optionee. If the Administrator makes an Option transferable, such Option shall contain such additional terms and conditions as the Administrator deems
appropriate. 

    12.  Adjustments Upon Changes in Capitalization, Dissolution, Corporate Transaction, or Change in
Control.  

    (a) Changes in Capitalization. In the event of a corporate transaction involving the Company (including, without
limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange
of shares), the authorization limits under Sections 3 and 6(c)(i) of the Plan shall be adjusted proportionately, and the Administrator may adjust Options to preserve the benefits or potential
benefits of the Options. Action by the Administrator may include: (i) adjustment of the number and kind of shares which may be delivered under the Plan; (ii) adjustment of the number and
kind of shares subject to outstanding Options; (iii) adjustment of the exercise price of outstanding Options; and (iv) any other adjustments that the Administrator determines to be
equitable. In addition, the Administrator may, in its sole discretion, provide (i) that Options will be settled in cash rather than Stock, (ii) that Options will be assumed by another
party to a transaction or otherwise be equitably converted in connection with such transaction, or (iii) any combination of the foregoing. The Administrator's determination need not be uniform
and may be different for different Optionees whether or not such Optionees are similarly situated. Without limiting the foregoing, n the event a stock dividend or stock split is declared upon the
Shares, the authorization limits under Sections 3 and 6(c)(i) shall be increased proportionately, and the shares of Stock then subject to each Option shall be increased proportionately without
any change in the aggregate purchase price therefor. 

    (b) Dissolution or Liquidation. To the extent not previously exercised, Options will terminate immediately prior to the
consummation of any proposed dissolution or liquidation of the Company. The Board may, in the exercise of its sole discretion in such instances, declare that any Option shall terminate as of a date
fixed by the Board and give each Optionee the right to exercise his or her Option as to all or any part of the Optioned Stock, including Shares as to which the Option would not otherwise be
exercisable. To the extent that this provision causes Incentive Stock Options to exceed the dollar limitation set forth in Section 6(a), the excess Options shall be deemed to be Nonstatutory
Stock Options. 

    (c) Corporate Transaction. In the event of a reorganization, merger, consolidation, statutory share exchange or similar
form of corporate transaction involving the Company that requires the approval of the Company's shareholders, whether for such transaction or the issuance of securities in the transaction, or the sale
or other disposition of all or substantially all of the assets of the 

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Company to an entity that is not an affiliate of the Company, each outstanding Option shall be assumed or an equivalent option or right substituted by the successor corporation or a Parent or
Subsidiary of the successor corporation. In the event that the successor corporation refuses to assume or substitute for the Option, the Optionee shall fully vest in and have the right to exercise the
Option as to all of the Optioned Stock, including Shares as to which it would not otherwise be vested or exercisable. If an Option becomes fully vested and exercisable in lieu of assumption or
substitution in the event of a merger or sale of assets, the Administrator shall notify the Optionee in writing or electronically that the Option shall be fully vested and exercisable for a period of
thirty (30) days from the date of such notice, and the Option shall terminate upon the expiration of such period or, in the discretion of the Administrator, the Option shall be settled in cash
rather than stock upon the consummation of such corporate transaction. To the extent that this provision causes Incentive Stock Options to exceed the dollar limitation set forth in
Section 6(a), the excess Options shall be deemed to be Nonstatutory Stock Options. 

    (d) Change in Control. In the event of a Change in Control, the unexercised portion of each Option then outstanding
shall become wholly vested and immediately exercisable. To the extent that this provision causes Incentive Stock Options to exceed the dollar limitation set forth in Section 6(a), the excess
Options shall be deemed to be Nonstatutory Stock Options. 

    13.  Date of Grant.  The date of grant of an Option shall be, for all purposes, the date on which the
Administrator makes the determination granting such Option, or such other later date as is determined by the Administrator. Notice of the determination shall be provided to each Optionee within a
reasonable time after the date of such grant. 

    14.  Amendment and Termination of the Plan.  

    (a) Amendment and Termination. The Board may at any time amend, alter, suspend, or terminate the Plan without
shareholder approval; provided, however, that the Board may condition any amendment or modification on the approval of shareholders of the Company if such approval is necessary or deemed advisable
with respect to tax, securities or other applicable laws, policies or regulations. 

    (b) Effect of Amendment or Termination. No amendment, alteration, suspension, or termination of the Plan shall impair
the rights of any Optionee, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and the Company. 

    15.  Conditions Upon Issuance of Shares.  

    (a) Legal Compliance. Shares shall not be issued pursuant to the exercise of an Option unless the exercise of such
Option and the issuance and delivery of such Shares shall comply with all relevant provisions of law, including, without limitation, the Securities Act of 1933, as amended, the Exchange Act, the rules
and regulations promulgated thereunder, Applicable Laws, and the requirements of any stock exchange or quotation system upon which the Shares may then be listed or quoted, and shall be further subject
to the approval of counsel for the Company with respect to such compliance. 

    (b) Investment Representations. As a condition to the exercise of an Option, the Company may require the person
exercising such Option to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such
Shares if, in the opinion of counsel for the Company, such a representation is required. 

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    16.  Liability of Company.  

    (a) Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having
jurisdiction, which authority is deemed by the Company's counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the
failure to issue or sell such Shares as to which such requisite authority shall not have been obtained. 

    (b) Grants Exceeding Allotted Shares. If the Optioned Stock covered by an Option exceeds, as of the date of grant, the
number of Shares which may be issued under the Plan without additional shareholder approval, such Option shall be void with respect to such excess Optioned Stock, unless shareholder approval of an
amendment sufficiently increasing the number of shares subject to the Plan is timely obtained in accordance with Section 14(b) of the Plan. 

    17.  Reservation of Shares.  The Company, during the term of this Plan, will at all times reserve and
keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan. 

    18.  Shareholder Approval.  Continuance of the Plan shall be subject to approval by the shareholders of
the Company within twelve (12) months before or after the date the Plan is adopted. Such shareholder approval shall be obtained in the manner and to the degree required under applicable federal
and Delaware law. 

    19.  Restriction on Repricing.  Without the prior approval of the shareholders of the Company, the
Administrator shall not reprice any Options issued under the Plan through cancellation and regrant, by lowering the exercise price, or by any other means. 

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QuickLinks

EXHIBIT 4.10

MICRON TECHNOLOGY, INC. 2001 STOCK OPTION PLAN

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