Document:

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     EXHIBIT 10.2

Molex Incorporated

2000 Molex Long-Term Stock Plan

Stock Option Agreement

     This Stock Option Agreement (“Agreement”) is between Molex Incorporated, including its
subsidiaries and affiliates (collectively “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
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 vest in accordance with the schedule
displayed on your stock option profile on
www.netbenefits.fidelity.com and the Stock Option shall
expire «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 Employment, Death or Disability. The vesting of the Stock
Option may be accelerated upon the death, total disablement or retirement of Executive pursuant to
the terms of the Plan. The Stock Option will be canceled immediately upon the termination of
employment 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. Restrictions.

          (a) Non-Compete. In consideration of Molex granting the Stock Option, Executive
agrees that during employment with Molex and for two years after separation from service thereof,
Executive will not, directly or indirectly, as a principal, officer, director, employee or in any
other capacity whatsoever, without prior written consent of Molex, engage in any activity with, or
provide services to, any person or entity engaged in, or about to engage in, any business activity
that is competitive with the business then engaged in by Molex, in any geographic area in which
Molex’s business is then conducted. Executive may make or hold any investment in securities of a
competitive business traded on a national securities exchange or traded in the over the counter
market, provided the investment does not exceed 5% of the issued and outstanding stock of the
competitive business.

          (b) Non-Solicitation. During employment with Molex and for two years after separation
from service, Executive will not, directly or indirectly, (i) hire, solicit or make an offer to any
employee of Molex to be employed or perform services outside of Molex, (ii) solicit for competitive
business purposes any customer of Molex; or (iii) solicit, induce or attempt to

 

 

induce any customer of Molex to cease doing business in whole or in part with or through Molex.

          (c) Competitors. For purposes of this Agreement, the term “competitor” means a person
or entity who or which is engaged in a material line of business conducted by Molex in any
geographic area in which Molex’s business is conducted (for purposes of this Agreement, “a material
line of business conducted by Molex” means an activity generating gross revenues to Molex of more
than US$15 million in the immediately preceding fiscal year of Molex).

          (d) Forfeiture. Executive agrees that, if any provision of Sections 5 (a) or (b) is
breached as determined by Molex, Executive shall forfeit, upon written notice to such effect from
Molex: (i) all right, title and interest to the Stock Option (whether vested or unvested); (ii) any
Stock issued upon exercise of the Stock Option then owned by Executive; and (iii) any and all
profits realized by Executive pursuant to any sales or transfers of any Stock underlying the Stock
Option within the 24 month period prior to the date of such breach. For purposes of this
Agreement, “profit” is defined as the difference between the exercise price and the fair market
value of the Stock on the exercise date. Additionally, Molex shall have the right to issue a stock
transfer order and other appropriate instructions to its transfer agent with respect to the Stock
underlying the Stock Option, and Molex further shall be entitled to reimbursement from the
Executive of any fees and expenses (including attorneys’ fees) incurred by or on behalf of Molex in
enforcing its rights hereunder. By accepting this Stock Option, Executive hereby consents to a
deduction from any amounts Molex owes to Executive from time to time (including amounts owed to
Executive as compensation as well as any other amounts owed to Executive by Molex) to the extent of
any amounts that Executive owes Molex hereunder. Whether or not Molex elects to make any set-off
in whole or in part, if Molex does not recover by means of set-off the full amount Executive owes
to Molex, calculated as set forth above, Executive agrees to pay immediately the unpaid balance to
Molex.

          (e) Injunctive Relief. In addition, Molex shall have the right and remedy to have the
provisions of this Agreement enforced by any court of competent jurisdiction by injunction,
restraining order, specific performance or other equitable relief in favor of Molex, it being
acknowledged and agreed that any breach or threatened breach of this Agreement by Executive will
cause irreparable injury to Molex and that money damages will not provide an adequate remedy to
Molex.

          (f) Blue Penciling. If any provision of Sections 5 (a) or (b), or any part thereof,
are held to be unenforceable, the parties agree that the court making such determination shall have
the power to revise or modify such provision to make it enforceable to the maximum extent permitted
by applicable law and, in its revised or modified form, said provision shall then be enforceable.

     6. 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 acquired pursuant to the Plan subject to complying
with applicable federal securities laws and rules and Molex’s Insider Trading Policy.

2

 

     7. Transferability. The Stock Option granted hereunder are 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 the Plan.

     8. Rights as Stockholder. Executive or other person or entity exercising the Stock
Option 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.

     9. Taxes. Molex’s obligation to deliver Stock upon the exercise of a Stock Option
shall be subject to Executive’s satisfaction of all applicable federal, state and local income,
excise and employment tax withholding requirements.

     10. Continued Employment and Future Grants. 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. Employee acknowledges
that his/her right and eligibility to participate in the Plan is solely based upon his or her
employment with Molex. Executive further acknowledges that in no circumstances shall Executive be
entitled to any compensation for any loss of any right or benefit under the Plan which he/she might
otherwise have enjoyed whether such compensation is claimed by way of damages for wrongful
dismissal or other breach of contract or by way of compensation for loss of office or otherwise.
Additionally, the Stock Option is granted on a purely discretionary basis by Molex; Executive shall
not have any legal entitlement to such grant or subsequent grants.

     11. 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.

     12. 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.

     13. Electronic Acceptance. The exercise of the Stock Option is conditioned upon the
electronic acceptance by Executive of the terms hereof in the manner established by Molex.

     14. 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 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.

3

 

     15. Data Transfer and Privacy. Executive acknowledges and agrees to the collection,
use, processing and transfer of certain personal data. 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. 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.

     16. 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

	 	Executive
	 
	 	 
	 
	 	 
	Frederick A. Krehbiel

	 	«PARTICIPANT NAME»
	Co-Chairman

	 	(Signed electronically)

4exv10w3

 

EXHIBIT 10.3

THE 2005 MOLEX INCENTIVE STOCK OPTION PLAN

(As Amended and Restated as of October 26, 2006)

	 	 	 	 	 	 	 
	PLAN HISTORY
	PLAN ACTION	 	BOARD ADOPTION	 	STOCKHOLDER APPROVAL	 	EFFECTIVE DATE
	Original

	 	July 29, 2005
	 	October 28, 2005
	 	October 28, 2005
	Amendment and
Restatement

	 	October 17, 2006
	 	N/A
	 	October 17, 2006
	Amendment and
Restatement

	 	August 10, 2007
	 	October 26, 2007
	 	October 26, 2007

 

 

THE 2005 MOLEX INCENTIVE STOCK OPTION PLAN

(Effective October 26, 2007)

ARTICLE I. GENERAL

1.1 Name of Plan. The name of the plan described in detail herein shall be The 2005 Molex
Incentive Stock Option Plan (the “Plan”).

1.2 Purpose. The purpose of the Plan is to induce certain designated employees and the directors
to remain in the employ of Molex Incorporated, a Delaware corporation (the “Company”), and any of
its subsidiaries, and to encourage such employees and directors to secure or increase on reasonable
terms their stock ownership in the Company. The Company believes the Plan will promote continuity
of management and increase incentive and personal interest in the welfare of the Company by those
who are primarily responsible for shaping, carrying out the long-range plans of the Company and
securing its continued growth and financial success. It is also the purpose of the Plan (except
where otherwise noted) to meet the requirements §422(a) of the Internal Revenue Code, as amended.
Thus, all provisions of the Plan shall be interpreted and construed with this goal in mind.

1.3 Eligibility. Members of the Board of Directors and executive officers of the Company, as such
are designated by the Board of Directors from time to time, are eligible to participate in the
Plan.

ARTICLE II. TERM OF PLAN

2.1 Effective Date. The Plan shall become effective upon adoption by the Board of Directors of the
Company subject to the subsequent approval by the stockholders of the Company within one (1) year
of adoption by the Board of Directors. If the stockholders do not approve the Plan within one (1)
year of adoption, then this Plan shall cease to exist and all options granted hereunder shall
become void.

2.2 Expiration. This Plan shall expire October 31, 2010 and no option shall be granted on or after
such expiration date. However, expiration of the Plan shall not affect outstanding unexpired
options previously granted.

ARTICLE III. STOCK SUBJECT TO PLAN

3.1 Class of Stock. The stock that shall be subject to option under the Plan shall be the
Company’s Class A Common Stock, par value $.05 per share (the “Stock”).

3.2 Number of Shares. — Five hundred thousand (500,000) shares of the Stock shall be reserved
for issue upon the exercise of options granted under the Plan. The Stock issued under the Plan may
be treasury shares purchased on the open market or otherwise, authorized but unissued shares, or
reacquired shares.

3.3 Expired, Forfeited or Canceled Options. If any such options granted under the Plan shall
expire, be forfeited or canceled for any reason without having been exercised in full, the
unexercised shares subject thereto shall again be available for the purpose of the Plan.

ARTICLE IV. ADMINISTRATION

4.1 Committee. The Compensation Committee of the Board shall administer the Plan under the terms
and conditions and powers set forth herein.

4.2 Action by the Committee. A majority of the members of the Committee shall constitute a quorum.
All determinations of the Committee shall be made by a majority of its members. Any decision or
determination reduced to writing and signed by a majority of the members of the Committee shall be
fully as effective as if it had been made by a majority vote at a meeting duly called and held.

     If not specified in the Plan, the time at which the Committee must or may take any
determination shall be determined by the Committee, and such determination may thereafter by
modified by the Committee. Any action, determination, interpretation or other decision by the
Committee with respect to the Plan shall be in its sole discretion and be final, conclusive and
binding on all persons and entities, including the Company, its affiliates, any eligible employee,
any person claiming any rights under the Plan from or through any grantee of an award under the
Plan, and stockholders, except to the extent the Committee may subsequently modify, or take further
action not inconsistent with, its prior action.

 

 

4.3 Power to Grant Options. Subject to the express provisions of the Plan, the Committee shall
have complete authority, in its sole discretion, to determine the employees to whom, and the time
or times at which, options shall be granted, the option periods, the vesting schedule and the
number of shares to be subject to each option, and such other terms and provisions of the option
agreements (which need not be identical). In making such determinations, the Committee may take
into account the nature of the services rendered by the respective employee, his or her present and
potential contribution to the Company’s success, and such other factors as the Committee in its
discretion shall deem relevant. With the exception of Section 4.5, the Committee shall have no
power to grant options to directors who are not employees of the Company or to set the terms and
conditions thereof.

4.4 Grants of Incentive Stock Option and Nonqualified Stock Options. The Committee shall have
complete authority, in its sole discretion, to determine at the time an option is granted whether
such option shall be an incentive stock option qualified under §422 of the Internal Revenue Code,
as amended, (“ISO”) or whether such option shall be a nonqualified stock option. Unless the option
agreement states otherwise, all options granted shall be ISOs. The number of shares for which
options may be granted to any one person in any calendar year shall be limited and cannot exceed
the following:

	 	a.	 	Overall Limitation. With respect to any option (whether ISOs or nonqualified), ten
percent (10%) of the number of shares reserved for the Plan as set forth in Section 3.2
(adjusted as set forth in Article IX) or two hundred-fifty thousand (250,000) shares
(adjusted as set forth in Article IX), whichever is less.
	 
	 	b.	 	Incentive Stock Option Limitation. In addition, with respect to ISOs, the number of
shares that are subject to options that are first exercisable in any given succeeding
calendar year shall not have a fair market value (as determined on the date of grant) that
exceeds $100,000 less the aggregate fair market value (as determined at the respective
times of their grants) of those shares of all prior ISOs that are exercisable in said
succeeding calendar year.

4.5 Automatic Grant of Options to Outside Directors. Notwithstanding Sections 4.3 and 4.4, each
director who is not an employee of the Company shall receive only an automatic nondiscretionary
stock option grant on the date of the Annual Stockholders Meeting every year during the term of the
Plan. Any option granted to a director who is not an employee of the Company shall be a
nonqualified stock option. The amount of shares subject to the options that will be automatically
granted to each outside director for each year shall be the amount of shares equal to 500
multiplied by the number of years of service or fraction thereof.

Notwithstanding the foregoing, no option grant to an outside director shall exceed the lesser of
5,000 shares or the number of shares whose fair market value on the date of grant does not exceed
$150,000.00.

4.6 Other Powers. The express grant of any specific power to the Committee, or the taking of any
action of the Committee, shall not be construed as limiting any power or authority of the
Committee. Subject to and consistent with the provisions of the Plan, the Committee shall have full
power and authority, in its sole discretion, to

	 	•	 	correct any defect or supply any omission or reconcile any inconsistency,
	 
	 	•	 	construe and interpret the Plan, the rules and regulations relating to it, or any
other instrument entered into or relating to an award under the Plan,
	 
	 	•	 	make any determinations, provide any procedures or rules, enter into any agreements
necessary to comply with any applicable tax laws, rules and regulations,
	 
	 	•	 	make all other determinations, including factual determinations, necessary or
advisable for the administration of the Plan.

ARTICLE V. GRANT OF OPTION

5.1 Option Price. The option price shall be the fair market value of the Stock on the date of
granting the option. Notwithstanding, the foregoing, only in the case of an ISO grant, if an
optionee owns more than ten percent (10%) of the voting power of all classes of the Company’s
stock, then the option price shall be one hundred-ten percent (110%) of the fair market value of
the Stock on the date of granting the option.

5.2 Fair Market Value. For the purposes of this Plan, fair market value shall be the closing price
of the Stock on the date of granting the option as reported by the Wall Street Journal.

 

 

5.3 Evidence of Option. Options granted shall be evidenced by agreements, warrants, and/or other
instruments in such form as the Committee shall deem advisable and shall contain such terms,
provisions and conditions not inconsistent herewith as may be determined by the Committee.

ARTICLE VI. EXERCISE OF OPTION

6.1 Initial Waiting Period. No option shall be exercisable until at least one (1) year after the
date of grant, unless one of the events set forth in Section 6.4 occurs.

6.2 Vesting Periods. After the initial waiting period, an optionee may exercise his option to the
extent that shares covered by said option become vested. The vesting schedule is as follows:

	 	a.	 	Normal Vesting. If an option grant is an ISO, or if an option is granted to an
outside director, the shares covered by such an option shall vest to the maximum extent of
25% of the total number of shares covered thereby during each of the succeeding four (4)
years, each commencing with the anniversary of the grant.
	 
	 	b.	 	Other Vesting. In all other options not falling within the scope of Section 6.2a, the
shares covered by an option shall vest in amounts and at times the Committee, in its sole
discretion, shall determine. The Committee shall also specifically have the power to
change the vesting schedule of any previously granted options to a schedule which is more
favorable to the option holder; provided, however, that no such options shall vest in
amounts greater than, or at times prior to, the amounts and times such options would have
vested if such options were within the scope of Section 6.2a.
	 
	 	c.	 	Maximum Vesting. Notwithstanding the foregoing, all options must vest one hundred
percent (100%) within ten (10) years from the date of grant.

6.3 Cumulative Rights. The right to exercise any option as set forth in Section 6.2 shall be
cumulative. That is, an optionee may exercise in any given year those unexpired shares he could
have exercised in a previous year but did not.

6.4 Accelerated Vesting. Notwithstanding the foregoing, all options shall immediately vest and
become immediately exercisable for a period of one (1) year after one of the following events:

	 	a.	 	Death; or
	 
	 	b.	 	Total disablement; or
	 
	 	c.	 	Retirement, if all of the following conditions are met at the time of termination of
employment:

(1) The optionee has reached age 591/2; and

(2) The optionee was employed at least fifteen (15) consecutive years with the Company
and/or any of its subsidiaries; and

(3) The Committee has determined that the reason for termination is due to retirement; and

(4) The option is intended to be an ISO. If the option is not intended to be an ISO, the
Committee, in its sole discretion, may allow accelerated vesting to any extent it desires
without regard to whether the optionee is retiring.

6.5 Expiration. No option may be exercised more than two (2) years from the date the option
becomes one hundred percent (100%) vested. Notwithstanding the foregoing, all ISOs must be
exercised within one (1) year from the date the option becomes one hundred percent (100%) vested.

6.6 Form of Exercise. The option may only be exercised according to the terms and conditions
established by the Committee, consistent with the limits set forth herein, at the time the option
is granted. Subject to the foregoing terms and conditions, an option may be exercised by a written
notice delivered to the Company’s principal office of intent to exercise the option with respect to
a specified number of shares of Stock and payment to the Company of the amount of the option
purchase price for the number of shares of Stock with respect to which the option is then
exercised. The payment may be either in cash or in stock of the Company. If stock is used for
payment, such stock shall be valued at the closing price as reported by the Wall Street Journal on
the date of exercise.

 

 

6.7 Tax Withholding. Option exercises under the Plan may be subject to income tax withholding, and
the Company would be obligated to collect the tax applicable to such income. The Committee may, in
its discretion, satisfy that tax obligation by withholding from the shares to be delivered in
connection with the award a number of shares having a value equal to the minimum statutory federal
income tax withholding, plus state, if applicable, and payroll taxes. The value of each share to
be withheld will be the fair market value of the Stock at the time of the exercise.

6.8 Rights as a Shareholder. An optionee shall have no rights as a stockholder with respect to
shares covered by his option until the day of issuance of a stock certificate to him and until
after such shares are fully paid.

ARTICLE VII. TERMINATION OF OPTION

     Every option granted to each optionee under this Plan shall terminate and expire at the earliest of:

	 	•	 	the date of expiration set when such option was granted; or
	 
	 	•	 	one (1) year after one of the events set forth in Section 6.4; or
	 
	 	•	 	immediately upon termination of employment of the optionee with the Company (or
termination of position as an outside director) or any of its subsidiaries for any
reason except if his employment is terminated by reason of one of the events set forth
in Section 6.4.

ARTICLE VIII. TRANSFERABILITY

8.1 Non-Transferable. Any option granted under the Plan is not transferable and can be exercised
only by the optionee during his life subject to Section 8.2 of this Article.

8.2 Death. In the event of the death of an optionee while totally disabled, retired, or still
employed by the Company or a parent or a subsidiary, his option, to the extent he could have
exercised it on the date of his death, may be exercised by the personal representative of the
estate of the optionee within one (1) year after the date of his death in accordance with the terms
established by the Committee at the time the option was granted, but (as set forth in Article VII)
not later than the expiration date set forth in Section 6.5.

ARTICLE IX. ADJUSTMENT OF NUMBER OF SHARES

9.1 Stock Dividends. In the event that a dividend shall be declared upon the Stock payable in
shares of stock of the Company, the number of shares of stock then subject to any such option and
the number of shares reserved for issuance pursuant to the Plan, but, not yet covered by an option,
shall be adjusted by adding to each such share the number of shares which would be distributable
thereon (or any equivalent value of Stock as determined by the Committee in its sole discretion) if
such share had been outstanding on the date fixed for determining the stock holders entitled to
receive such stock dividend.

9.2 Reorganization. In the event that the outstanding shares of Stock shall be changed into or
exchanged for a different number or kind of shares of stock or other securities of the Company, or
of another corporation, whether through reorganization, recapitalization, stock split up,
combination of shares, merger or consolidation, then, there shall be substituted for each share of
Stock subject to any such option and for each share of Stock reserved for issuance pursuant to the
Plan, but, not yet covered by an option, the number and kind of shares of stock or other securities
into which each outstanding share of Stock shall be so changed or for which each such share of
Stock shall be exchanged.

9.3 Other Changes. In the event there shall be any change, other than as specified above in this
Article, in the number or kind of outstanding shares of stock of the Company or of any stock or
other securities into which such stock shall have been changed or for which it shall have been
exchanged, then, if the Committee shall, in its sole discretion, determine that such change
equitably requires an adjustment in the number or kind of shares theretofore reserved for issuance
pursuant to the Plan, but, not yet covered by an option and of the shares then subject to an option
or options, such adjustments shall be made by the Committee and shall be effective and binding for
all purposes of the Plan and of each stock option agreement. Notwithstanding the foregoing, with
respect to options granted to directors, the Committee shall make those adjustments under this
Article IX only to the extent necessary to preserve the economic benefit of an unexercised option.

 

 

9.4 Adjusted Option Price. In the case of any substitution or adjustment as provided for in this
Article, the option price in each stock option agreement for each share covered thereby prior to
such substitution or adjustment will be the option price for all shares of Stock or other
securities which shall have been substituted for such share or to which such share shall have been
adjusted pursuant to this Article.

9.5 Fractional Shares. No adjustment or substitutions provided for in this Article shall require
the Company to sell a fractional share, and the total substitution or adjustment with respect to
each stock option agreement shall be limited accordingly.

ARTICLE X. SECURITIES REGULATION

10.1 Registered Stock. The Company shall not be obligated to sell or issue any shares under any
option granted hereunder unless and until the shares with respect to which the option is being
exercised are effectively registered or exempt from registration under the Securities Act of 1933
and from any other federal or state law governing the sale and issuance of such shares or any
securities exchange regulation to which the Company might be subject.

10.2 Unregistered Stock. In the event the shares are not effectively registered, but, can be
issued by virtue of an exemption, the Company may issue option shares to an optionee if the
optionee represents that he is acquiring such shares as an investment and not with a view to, or
for sale in connection with, the distribution of any such shares. Certificates for shares of Stock
thus issued shall bear an appropriate legend reciting such representation.

ARTICLE XI. MISCELLANEOUS

11.1 No Contract of Employment. A grant or participation under the Plan shall not be construed as
giving an optionee a future right of employment with the Company. Employment remains at the will
of the Company.

11.2 Governing Law. This Plan and all matters relating to the Plan shall be interpreted and
construed under the laws of the State of Illinois.

11.3 Amendment of Plan. The Board of Directors, at its discretion, may amend the Plan at any time,
subject to stockholder approval if required by SEC rules or the listing requirements of any
national securities exchanges or trading systems on which any of the Company’s equity securities
are listed.

11.4 Termination of Plan. The Board of Directors may, at its discretion, terminate the Plan at any
time for any reason. Termination of the Plan shall not affect unexpired outstanding options
previously granted.

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