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Exhibit 10.9
  As Amended Through November 8, 2001    
  

MOTOROLA COMPENSATION/ACQUISTION

PLAN OF 2000  

        1.    Purpose.    The purposes of the Motorola Compensation/Acquisition Plan of 2000 (the "Plan") are (i) to
make awards to employees of Motorola, Inc. ("Motorola") and it subsidiaries (excluding directors of Motorola and Officers, as defined below) in connection with Motorola's recruiting and
retention efforts and (ii) to furnish maximum incentive to those persons to improve operations and increase profits and to strengthen the mutuality of interest between those persons and
Motorola's stockholders by providing them stock options and other incentives. 

        2.    Administration.    The Plan will be administered by a Committee (the "Committee") of the Motorola Board of
Directors consisting of two or more directors as the Board may designate from time to time, each of whom shall qualify as a "Non-Employee Director" within the meaning set forth in
Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act") or any successor legislation. The Committee shall have the authority to determine
the number of shares of Motorola common stock to be reserved for issuance under the Plan; to construe and interpret the Plan and any benefits granted thereunder; to establish and amend rules for Plan
administration; to change the terms and conditions of options and other benefits at or after grant; and to make all other determinations which it deems necessary or advisable for the administration of
the Plan. The determinations of the Committee shall be made in accordance with their judgment as to the best interests of Motorola and its stockholders and in accordance with the purposes of the Plan.
A majority of the members of the Committee shall constitute a quorum, and all determinations of the Committee shall be made by a majority of its members. Any determination of the Committee under the
Plan may be made without notice or meeting of the Committee, in writing signed by all the Committee members. The Committee may delegate the administration of the Plan, in whole or in part, on such
terms and conditions as it may impose, to such other person or persons as it may determine in its discretion pursuant to section 157(c) of the Delaware General Corporation Law. 

        3.    Participants.    Participants may consist of all employees of Motorola and its subsidiaries other than directors
of Motorola and officers within the meaning of Rule 16a-1 of the Exchange Act ("Officers"). Any corporation or other entity in which a 50% or greater interest is at the time
directly or indirectly owned by Motorola shall be a subsidiary for purposes of the Plan. Designation of a participant in any year shall not require the Committee to designate that person to receive a
benefit in any other year or to receive the same type or amount of benefit as granted to the participant in any other year or as granted to any other participant in any year. The Committee shall
consider all factors that it deems relevant in selecting participants and in determining the type and amount of their respective benefits. 

        4.    Shares Available under the Plan.    The Committee has the authority to determine from time to time the maximum
numbers of shares of Motorola common stock reserved for issuance under the Plan. If there is a lapse, expiration, termination or cancellation of any stock option issued under the Plan prior to the
issuance of shares thereunder or if shares of common stock are issued under the Plan and thereafter are reacquired by Motorola, the shares subject to those options and the reacquired shares shall be
added to the shares available for benefits under 

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the
Plan. In addition, any shares of common stock exchanged by an optionee as full or partial payment to Motorola of the exercise price under any stock option exercised under the Plan, any shares
retained by Motorola pursuant to a participant's tax withholding election, and any shares covered by a benefit which is settled in cash shall be added to the shares available for benefits under the
Plan. All shares issued under the Plan may be either authorized and unissued shares or issued shares reacquired by Motorola. The shares reserved for issuance and the limitations set forth above shall
be subject to adjustment in accordance with Section 14 hereof. All of the available shares may, but need not, be issued pursuant to the exercise of incentive stock options. Notwithstanding
anything else contained in this Section 4 the number of shares that may be issued under the Plan for benefits other than Stock Options, shall not exceed 10% of the shares authorized for
issuance and reserved by the Committee as described in the Section 4 (subject to adjustment in accordance with Section 14 hereof). 

        5.    Types of Benefits.    Benefits under the Plan shall consist of Stock Options, Stock Appreciation Rights,
Restricted Stock, Performance Stock, Performance Units and Other Stock Awards, all as described below. 

        6.    Stock Options.    Subject to the terms of the Plan, Stock Options may be granted to participants, at any time as
determined by the Committee. The Committee shall determine the number of shares subject to each option and whether the option is an incentive stock option. The option price for each option shall be
determined by the Committee but shall not be less than 100% of the fair market value of Motorola's common stock on the date the option is granted. Each option shall expire at such time as the
Committee shall determine at the time of grant. Options shall be exercisable at such time and subject to such terms and conditions as the Committee shall determine; provided, however, that no option
shall be exercisable later than the tenth anniversary of its grant. The option price, upon exercise of any option, shall be payable to Motorola in full by (a) cash payment or its equivalent,
(b) tendering previously acquired shares (held for at least six months) having a fair market value at the time of exercise equal to the option price, (c) certification of ownership of
such previously-acquired shares, (d) delivery of a properly executed exercise notice, together with irrevocable instructions to a broker to promptly deliver to Motorola the amount of sale
proceeds from the option shares or loan proceeds to pay the exercise price and any withholding taxes due to Motorola, and (e) such other methods of payment as the Committee, at its discretion,
deems appropriate. In no event shall the Committee cancel any outstanding Stock Option for the purpose of reissuing the option to the participant at a lower exercise price or reduce the option price
of an outstanding option. 

        7.    Stock Appreciation Rights.    Subject to the terms of the Plan, Stock Appreciation Rights ("SARs") may be
granted to participants at any time as determined by the Committee. An SAR may be granted in tandem with a Stock Option granted under this Plan or on a freestanding basis. The grant price of a tandem
SAR shall be equal to the option price of the related option. The grant price of a freestanding SAR shall be equal to the fair market value of Motorola's common stock on the date of its grant. An SAR
may be exercised upon such terms and conditions and for the term as the Committee in its sole discretion determines; provided, however, that the term shall not exceed the option term in the case of a
tandem SAR or ten years in the case of a free standing SAR. Upon exercise of an SAR, the participant shall be entitled to receive payment from Motorola in cash or stock, at the discretion of the
Committee, in an 

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amount
determined by multiplying the excess of the fair market value of a share of common stock on the date of exercise over the grant price of the SAR by the number of shares with respect to which
the SAR is exercised. 

        8.    Restricted Stock and Restricted Stock Units.    Subject to the terms of the Plan, Restricted Stock and
Restricted Stock Units may be awarded or sold to participants under such terms and conditions as shall be established by the Committee. Restricted Stock and Restricted Stock Units shall be subject to
such restrictions as the Committee determines, including, without limitation, any of the following: 

        (a)  a
prohibition against sale, assignment, transfer, pledge, hypothecation or other encumbrance for a specified period; or 

        (b)  a
requirement that the holder forfeit (or in the case of shares or units sold to the participant resell to Motorola at cost) such shares or units in the event of
termination of employment during the period of restriction. 

All
restrictions shall expire at such times as the Committee shall specify. 

        9.    Performance Stock.    Subject to the terms of the Plan, the Committee shall designate the participants to whom
long-term performance stock ("Performance Stock") is to be awarded and determine the number of shares, the length of the performance period and the other terms and conditions of each such
award. Each award of Performance Stock shall entitle the participant to a payment in the form of shares of common stock upon the attainment of performance goals and other terms and conditions
specified by the Committee. 

        Notwithstanding
satisfaction of any performance goals, the number of shares issued under a Performance Stock award may be adjusted by the Committee on the basis of such further
consideration as the Committee in its sole discretion shall determine. The Committee may, in its discretion, make a cash payment equal to the fair market value of shares of common stock otherwise
required to be issued to a participant pursuant to a Performance Stock award. 

        10.    Performance Units.    Subject to the terms of the Plan, the Committee shall designate the participants to whom
long-term performance units ("Performance Units") are to be awarded and determine the number of units and the terms and conditions of each such award. Each Performance Unit award shall
entitle the participant to a payment in cash upon the attainment of performance goals and other terms and conditions specified by the Committee. 

        Notwithstanding
the satisfaction of any performance goals, the amount to be paid under a Performance Unit award may be adjusted by the Committee on the basis of such further
consideration as the Committee in its sole discretion shall determine. The Committee may, in its discretion, substitute actual shares of common stock for the cash payment otherwise required to be made
to a participant pursuant to a Performance Unit award. 

        11.    Other Stock Awards.    In addition to the incentives described in Sections 6 through 10 above, and subject to
the terms of the Plan, the Committee may grant other incentives payable 

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in
common stock under the Plan as it determines to be in the best interests of Motorola and subject to such other terms and conditions, as it deems appropriate. 

        12.    Performance Goals.    Awards of Restricted Stock, Performance Stock, Performance Units and other incentives
under the Plan may be made subject to the attainment of performance goals, including, but not limited to, cash flow; cost; ratio of debt to debt plus equity; profit before tax; earnings before
interest and taxes; earnings before interest, taxes, depreciation and amortization; earnings per share; operating earnings; economic value added; ratio of operating earnings to capital spending; free
cash flow; net profit; net sales; price of Company Stock; return on net assets, equity or stockholders' equity; market share; or total return to shareholders ("Performance Criteria"). Any Performance
Criteria may be used to measure the performance of the Company as a whole or any business unit of the Company. Any Performance Criteria may include or exclude Extraordinary Items. Performance Criteria
shall be calculated in accordance with the Company's financial statements, generally accepted accounting principles, or under a methodology established by the Committee prior to the issuance of an
award which is consistently applied and identified in the audited financial statements, including footnotes, or the Management Discussion and Analysis section of the Company's annual report. 

        13.    Change in Control.    Except as otherwise determined by the Committee at the time of grant of an award, upon a
Change in Control of Motorola, all outstanding Stock Options and SARs shall become vested and exercisable; all restrictions on Restricted Stock shall lapse; all performance goals shall be deemed
achieved at target levels and all other terms and conditions met; all Performance Stock shall be delivered; all Performance Units shall be paid out as promptly as practicable; and all other Stock
Awards shall be delivered or paid. A "Change in Control" shall mean: 

        A
Change in Control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Exchange Act whether
or not Motorola is then subject to such reporting requirement; provided that, without limitation, such a Change in Control shall be deemed to have occurred if (a) any "person" or "group" (as
such terms are used in Section 13(d) and 14(d) of the Exchange Act) is or becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or
indirectly, of securities of Motorola representing 20% or more of the combined voting power of Motorola's then outstanding securities (other than Motorola or any employee benefit plan of Motorola;
and, for purposes of the Plan, no
Change in Control shall be deemed to have occurred as a result of the "beneficial ownership," or changes therein, of Motorola's securities by either of the foregoing), (b) there shall be
consummated (i) any consolidation or merger of Motorola in which Motorola is not the surviving or continuing corporation or pursuant to which shares of common stock would be converted into or
exchanged for cash, securities or other property, other than a merger of Motorola in which the holders of common stock immediately prior to the merger have, directly or indirectly, at least a 65%
ownership interest in the outstanding common stock of the surviving corporation immediately after the merger, or (ii) any sale, lease, exchange or other transfer (in one transaction or a series
of related transactions) of all, or 

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substantially
all, of the assets of Motorola other than any such transaction with entities in which the holders of Motorola Common Stock, directly or indirectly, have at least a 65% ownership
interest, (c) the stockholders of Motorola approve any plan or proposal for the liquidation or dissolution of Motorola, or (d) as the result of, or in connection with, any cash tender
offer, exchange offer, merger or other business combination, sale of assets, proxy or consent solicitation (other than by the Board), contested election or substantial stock accumulation (a "Control
Transaction"), the members of the Board immediately prior to the first public announcement relating to such Control Transaction shall thereafter cease to constitute a majority of the Board 

        14.    Adjustment Provisions.    

        (a)  If
Motorola shall at any time change the number of issued shares of common stock by stock dividend or stock split, the total number of shares reserved for issuance under
the Plan, and the number of shares covered by each outstanding award and the price therefor, if any, shall be equitably adjusted by the Committee, in its sole discretion. 

        (b)  Subject
to the provisions of Section 13, without affecting the number of shares reserved or available hereunder the Board of Directors or the Committee may
authorize the issuance or assumption of benefits under this Plan in connection with any merger, consolidation, acquisition of property or stock, or reorganization upon such terms and conditions as it
may deem appropriate. 

        (c)  In
the event of any merger, consolidation or reorganization of Motorola with or into another corporation, other than a merger, consolidation or reorganization in which
Motorola is the continuing corporation and which does not result in the outstanding common stock being converted into or exchanged for different securities, cash or other property, or any combination
thereof, there shall be substituted, on an equitable basis as determined by the Committee in its discretion, for each share of common stock then subject to a benefit granted under the Plan, the number
and kind of shares of stock, other securities, cash or other property to which holders of common stock of Motorola will be entitled pursuant to the transaction. 

        15.    Nontransferability.    Each benefit granted under the Plan shall not be transferable otherwise than by will or
the laws of descent and distribution and each Stock Option and SAR shall be exercisable during the participant's lifetime only by the participant or, in the event of disability, by the participant's
personal representative. In the event of the death of a participant, exercise of any benefit or payment with respect to any benefit shall be made only by or to the executor or administrator of the
estate of the deceased participant or the person or persons to whom the deceased participant's rights under the benefit shall pass by will or the laws of descent and distribution. 

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        16.    Taxes.    Motorola shall be entitled to withhold the amount of any tax attributable to any amounts payable or
shares deliverable under the Plan, after giving the person entitled to receive such payment or delivery notice and Motorola may defer making payment or delivery as to any award, if any such tax is
payable until indemnified to its satisfaction. The Committee may, in its discretion, subject to such rules as it may adopt, permit a participant to pay all or a portion of any required withholding
taxes arising in connection with the exercise of a Stock Option or SAR or the receipt or vesting of shares hereunder by electing to have Motorola withhold shares of common stock, having a fair market
value equal to the amount to be withheld. 

        17.    Duration, Amendment and Termination.    No Incentive Stock Option shall be granted more than ten years after
the date of adoption of this Plan by the Board of Directors; provided, however, that the terms and conditions applicable to any benefit granted on or before such date may thereafter be amended or
modified by mutual agreement between Motorola and the participant, or such other person as may then have an interest therein. The Board of Directors or the Committee may amend the Plan from time to
time or terminate the Plan at any time. However, no such action shall reduce the amount of any existing award or change the terms and conditions thereof without the participant's consent. 

        18.    Fair Market Value.    The fair market value of Motorola's common stock at any time shall be determined in such
manner as the Committee may deem equitable, or as required by applicable law or regulation. 

        19.    Other Provisions.    

        (a)  The
award of any benefit under the Plan may also be subject to other provisions (whether or not applicable to the benefit awarded to any other participant) as the
Committee determines appropriate, including provisions intended to comply with federal or state securities laws and stock exchange requirements, understandings or conditions as to the participant's
employment, requirements or inducements for continued ownership of common stock after exercise or vesting of benefits, forfeiture of awards in the event of termination of employment shortly after
exercise or vesting, or breach of noncompetition or confidentiality agreements following termination of employment, or provisions permitting the deferral of the receipt of a benefit for such period
and upon such terms as the Committee shall determine. 

        (b)  In
the event any benefit under this Plan is granted to an employee who is employed or providing services outside the United States and who is not compensated from a
payroll maintained in the United States, the Committee may, in its sole discretion, modify the provisions of the Plan as they pertain to such individuals to comply with applicable law, regulation or
accounting rules. 

        20.    Governing Law.    The Plan and any actions taken in connection herewith shall be governed by and construed in
accordance with the laws of the state of Delaware (without regard to applicable Delaware principles of conflict of laws). 

        21.    Broad-Based Plan.    The Plan is intended to be a broadly based plan under the rules of the New York Stock
Exchange. 

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Exhibit 10.16
  As Amended Through November 5, 2002    
  

MOTOROLA MANAGEMENT DEFERRED COMPENSATION PLAN, AS AMENDED  

1.    PLAN NAME AND DEFINITIONS  

        1.1    Plan Name.    

        This
plan is the Motorola Management Deferred Compensation Plan, as Amended ("the Plan"). 

        1.2    Definitions.    

        (a)  "Additional
Compensation" shall mean bonuses and all other cash compensation designated by the Administrative Committee as Deferrable Compensation. 

        (b)  "Administrative
Committee" shall mean the committee appointed by the Compensation Committee of the Board to administer the Plan. 

        (c)  "Base
Salary" shall mean a Participant's annual base salary, excluding bonuses, commissions, incentives and all other remunerations for services rendered to Company and
prior to reduction for any salary contributions to a plan established pursuant to Section 125 of the Code or qualified pursuant to Section 401(k) of the Code. 

        (d)  "Beneficiary"
or "Beneficiaries" shall mean the person or persons, including a trustee, personal representative or other fiduciary, last designated in writing by a
Participant in accordance with procedures established by the Administrative Committee to receive the benefits specified hereunder in the event of the Participant's death. No beneficiary designation
shall become effective until it is filed with the Administrative Committee. Any designation shall be revocable at any time through a written instrument filed by the Participant with the Administrative
Committee with or without the consent of the previous Beneficiary. No designation of a Beneficiary other than the Participant's spouse shall be valid unless consented to in writing by such spouse. If
there is no such designation, or if there is no surviving designated Beneficiary, then the Participant's surviving spouse shall be the Beneficiary. If there is no surviving spouse to receive any
benefits payable in accordance with the preceding sentence, the duly appointed and currently acting personal representative of the Participant's estate (which shall include either the Participant's
probate estate or living trust) shall be the Beneficiary. In any case where there is no such personal representative of the Participant's estate duly appointed and acting in that capacity within
90 days after the Participant's death (or such extended period as the Administrative Committee determines is reasonably necessary to allow such personal representative to be appointed, but not
to exceed 180 days after the Participant's death), then Beneficiary shall mean the person or persons who can verify by affidavit or court order to the satisfaction of the Administrative
Committee that they are legally entitled to receive the benefits specified hereunder. In the event any amount is payable under the Plan to a minor, payment shall not be made to the minor, but instead
shall be paid (a) to that person's living parent(s) to act as custodian, (b) if that person's parents are then divorced, and one parent is the sole custodial parent, to such custodial
parent, or (c) if no parent of that person is then living, to a custodian selected by the Administrative Committee to hold the funds for the minor under the Uniform 

1

 

Transfers or Gifts to Minors Act in effect in the jurisdiction in which the minor resides. If no parent is living and the Administrative Committee decides not to select another custodian to hold the
funds for the minor, then payment shall be made to the duly appointed and currently acting guardian of the estate for the minor or, if no guardian of the estate for the minor is duly appointed and
currently acting within 60 days after the date the amount becomes payable, payment shall be deposited with the court having jurisdiction over the estate of the minor. Payment by the Company
pursuant to any unrevoked Beneficiary designation or to the Participant's estate if no such designation exists, of all benefits owed hereunder shall terminate any and all liability of the Company. 

        (e)  "Board
of Directors" or "Board" shall mean the Board of Directors of Motorola. 

        (f)    "Board
Fees" shall mean any fees paid to a Board member in connection with his service on the Board. 

        (g)  "Change
in Control" means a Change in Control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A
promulgated under the Exchange Act whether or not Motorola is then subject to such reporting requirement; provided that, without limitation, such a Change in Control shall be deemed to have occurred
if (a) any "person" or "group" (as such terms are used in Section 13(d) and 14(d) of the Exchange Act) is or becomes the "beneficial owner" (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of Motorola representing 20% or more of the combined voting power of Motorola's then outstanding securities (other than Motorola or any
employee benefit plan of Motorola; and, for purposes of the Plan, no Change in Control shall be deemed to have occurred as a result of the "beneficial ownership," or changes therein, of Motorola's
securities by either of the foregoing), (b) there shall be consummated (i) any consolidation or merger of Motorola in which Motorola is not the surviving or continuing corporation or
pursuant
to which shares of common stock would be converted into or exchanged for cash, securities or other property, other than a merger of Motorola in which the holders of common stock immediately prior to
the merger have, directly or indirectly, at least a 65% ownership interest in the outstanding common stock of the surviving corporation immediately after the merger, or (ii) any sale, lease,
exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of Motorola other than any such transaction with entities in which the
holders of Motorola Common Stock, directly or indirectly, have at least a 65% ownership interest, (c) the stockholders of Motorola approve any plan or proposal for the liquidation or
dissolution of Motorola, or (d) as the result of, or in connection with, any cash tender offer, exchange offer, merger or other business combination, sale of assets, proxy or consent
solicitation (other than by the Board), contested election or substantial stock accumulation (a "Control Transaction"), the members of the Board immediately prior to the first public announcement
relating to such Control Transaction shall thereafter cease to constitute a majority of the Board. 

        (h)  "Code"
shall mean the Internal Revenue Code of 1986, as amended. 

        (i)    "Company"
shall mean Motorola, Inc. and any Subsidiary designated by the Administrative Committee. 

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        (j)    "Compensation"
shall be Base Salary and Additional Compensation. 

        (k)  "Deferral
Account" shall mean the bookkeeping account or accounts maintained by the Administrative Committee pursuant to Section 3.1 for each Participant pursuant
to Section 3.1 that are credited with amounts equal to (1) the Participant's Deferred Compensation and (2) earnings and losses under Section 2.2. 

        (l)    "Deferrable
Compensation" shall mean the Compensation and Board Fees designated by the Administrative Committee as eligible to be deferred in any Plan Year pursuant to
Section 2.1(a). 

        (m)  "Deferral
Form" shall mean the form or forms required to be completed and delivered to the Administrative Committee or its designee for participation in the Plan for a
Plan Year. 

        (n)  "Deferred
Compensation" shall mean the Compensation or Director Fees actually deferred by a Participant on the Deferral Form for a Plan Year. 

        (o)  "Director"
shall mean a member of the Board. 

        (p)  "Disability"
shall mean an entitlement to long-term disability benefits under the Motorola Disability Income Plan, as amended, and any successor plans. 

        (q)  "Distributable
Amount" shall mean the balance in the Participant's Deferral Account. 

        (r)  "Early
Distribution" shall mean an election by Participant in accordance with Section 4.3 to receive a withdrawal of amounts from his or her Deferral Account
prior to the time at which such Participant would otherwise be entitled to such amounts. 

        (s)  "Eligible
Employee" shall be an employee selected by the Administrative Committee for participation in the Plan. 

        (t)    "Fund"
or "Funds" shall mean one or more of the investment funds selected by the Administrative Committee. 

        (u)  "Hardship
Distribution" shall mean a severe financial hardship to the Participant resulting from a sudden and unexpected illness or accident of the Participant or of his
or her Dependent (as defined in Section 152(a) of the Code), loss of a Participant's property due to casualty, or other similar or extraordinary and unforseeable circumstance arising as a
result of events beyond the control of the Participant. The circumstances that would constitute an unforseeable emergency will depend upon the facts of each case, but, in any event, a Hardship
Distribution may not be made to the extent that such hardship is or may be relieved (i) through reimbursement or compensation by insurance or otherwise, (ii) by liquidation of the
Participant's assets, to the extent the liquidation of assets would not itself cause a severe financial hardship, or (iii) by cessation of deferrals under this Plan. 

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        (v)  "In-Service
Withdrawal Date" shall mean the distribution date elected on the Deferral Form by the Participant for withdrawal of Deferred Compensation for a
specific Plan Year while still employed or in service of the Company, and earnings and losses attributable thereto. 

        (w)  "Motorola"
shall mean Motorola, Inc., a Delaware corporation. 

        (x)  "Participant"
shall mean any Eligible Employee and any member of the Board who becomes a Participant in this Plan by completing the Deferral Form. 

        (y)  "Plan"
shall be the Motorola Management Deferred Compensation Plan, as amended. 

        (z)  "Plan
Year" shall be January 1 to December 31. 

        (aa) "Regular
Enrollment Period" shall mean the period designated by the Administrative Committee for enrollment for a Plan Year. 

        (bb) "Retirement"
shall mean a Participant's retirement from Motorola or a Subsidiary at or after age 55. 

        (cc) "Subsidiary"
shall mean an entity of which Motorola owns directly or indirectly at least 50% and which is consolidated for financial reporting purposes. 

        (dd) "Trust"
shall mean the Motorola Management Deferred Compensation Plan Trust. 

        (ee) "Trustee"
shall mean the trustee of the Trust. 

        (ff)  "Withdrawal
Date" shall have the meaning set forth in Section 4.1. 

2.    DEFERRAL ELECTIONS  

        2.1    Elections to Defer Compensation.    

        (a)    Deferrals.    To the extent authorized by the Administrative Committee, a Participant may elect to defer for a
Plan Year the following: 

          (i)  in
the case of employees of the Company, taxable Compensation earned in a Plan Year and payable to a Participant by the Company; and 

        (ii)  in
the case of Directors, Board Fees payable by the Company and earned in a Plan Year; 

provided,
however, that a Participant who is an employee of the Company may defer in any calendar year only that portion of the Participant's Deferrable Compensation that exceeds the amount necessary
to satisfy Social Security Tax (including Medicare), income tax and employee benefit plan withholding requirements as determined in the sole and absolute discretion of the 

4

 

Administrative Committee. The Deferral Form will set forth what the Administrative Committee has authorized as Deferrable Compensation. 

        (b)    Election and Duration of Compensation Deferral Election.    Each Eligible Employee and Director may elect to
defer Deferrable Compensation for a Plan Year in the time period set by the Administrative Committee. Each Eligible Employee and Director must complete a new Deferral Form for each Plan Year. All
elections to defer must be filed during the Regular Enrollment Period for the applicable Plan Year which election shall be effective on the first day of the next following Plan Year. In the case of an
individual who becomes an Eligible Employee or a new Director after the start of a Regular Enrollment Period, such Eligible Employee or Director shall have 30 days from the date he or she has
become an Eligible Employee or Director and has been notified of their participation in the Plan to make an election to defer Deferrable Compensation. Such election shall be for the remainder of the
Plan Year. All elections for a Plan Year are irrevocable. However, a Participant may amend his or her deferral election during a Plan Year but only with respect to the amount of Base Salary or Board
Fees, if any, to be deferred by the Participant for any pay period commencing after the effective date of the amendment. 

        2.2    Investment Election.    

        (a)  Each
Participant shall designate, on the Deferral Form or other form provided by the Administrative Committee, the Funds in which the Participant's Deferral Account will
be deemed to be invested for purposes of determining the amount of earnings or losses to be credited or debited to that Deferral Account. In making the designation, the Participant may specify that
all or any portion of his Deferral Account be deemed to be invested in one or more Funds listed on the Deferral Form in the manner set forth on the Deferral Form. A Participant may change investment
designations by filing a new election with the Administrative Committee by a date specified by the Administrative Committee. If a Participant fails to designate a Fund for all or a portion of the
Participant's Deferral Account, he or she shall be deemed to have elected the Money Market type of investment fund. 

        (b)  The
Administrative Committee may select from time to time, in its sole and absolute discretion, new commercially available investments to replace then existing Funds.
Once the Administrative Committee has provided Participants with information on the replacement Funds, a Participant must re-designate his Funds in accordance with procedures established
by the Administrative Committee at the time of re-designation. If a Participant fails to re-designate a Fund for all or a portion of the Participant's Deferral Account, he or
she shall be deemed to have elected the Money Market type of investment fund. 

        (c)  Although
the Participant may designate the Funds to be used to determine the amount of earnings or losses with respect to the Participant's Deferral Account, the
Administrative Committee shall not be bound to invest any amounts in a Participant's Deferral Account in the designated Funds. The Funds are to be used only for purposes of crediting or debiting the
Deferral Account with deemed earning or losses thereon, and such crediting or debiting shall not be considered or construed in any manner as an actual investment in any such fund. 

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3.    DEFERRAL ACCOUNTS AND TRUST FUNDING  

        3.1    Deferral Accounts.    

        Each
Plan Year, the Administrative Committee shall establish and maintain a separate Deferral Account for each Participant. The Administrative Committee may establish more than one
Deferral Account for each Participant for each Plan Year for different types of income deferred. Each Participant's Deferral Account may be further divided into separate subaccounts ("investment fund
subaccounts"), each of which corresponds to a Fund elected by the Participant. A Participant's Deferral Account shall be credited as follows: 

        (a)  On
the fifth business day after amounts are withheld and deferred from a Participant's Deferrable Compensation, the investment fund subaccounts of the Participant's
Deferral Account shall be credited with an amount equal to the portion of Deferred Compensation deferred and deemed to be invested in a certain Fund in accordance with the designation. 

        (b)  At
the end of each business day, each investment fund subaccount of a Participant's Deferral Account shall be credited with earnings or losses in an amount equal to the
earnings or losses that would have resulted if the balance then credited to such investment fund subaccount had been invested in the investment fund designated by the Participant in accordance with
Section 2.2. 

        (c)  Crediting
of earnings and losses with respect to a Participant's Deferral Account shall terminate and the account will be valued in accordance with the following: 

          (i)  on
termination of employment: 

        (A)  lump
sum distribution- on the last day of the quarter in which termination of employment occurs; 

        (B)  installment
distribution- on the last day of the quarter in which termination occurs with respect to the first installment and on the anniversary date thereof in each
succeeding calendar year with respect to the remaining installments; 

        (ii)  scheduled
in-service withdrawal- on the last day of the quarter immediately preceding the quarter in which payment is scheduled; 

        (iii)  non-scheduled
distribution- upon completion of the Administrative Committee's processing of the request; 

        (iv)  hardship
distribution- upon completion of the Administrative Committee's processing of the request; and 

        (v)  on
death- on the last day of the quarter in which death occurs. 

        (d)  In
the event that a Participant elects for any portion of a given Plan Year's Deferred Compensation to have an In-Service Withdrawal Date, all such amounts
shall be 

6

 

accounted for in a manner which allows separate accounting for that portion of Deferred Compensation and earnings and losses associated with such Plan Year's Deferred Compensation. 

        3.2    Trust Funding.    

        The
Company has created a Trust with the Trustee. The Company shall cause the Trust to be funded each year with an amount equal to the amount deferred by each Participant. 

        Although
the principal of the Trust and any earnings thereon shall be held separate and apart from other funds of the Company and shall be used exclusively for the uses and purposes of
Participants and Beneficiaries as set forth therein, neither the Participants nor their Beneficiaries shall have any preferred claim on, or any beneficial ownership in, any assets of the Trust prior
to the time such assets are paid to the Participants or Beneficiaries as benefits and all rights created under this Plan and the Trust shall be unsecured contractual rights of Participants and
Beneficiaries against the Company. Any assets held in the Trust will be subject to the claims of the Company's general creditors under federal and state law in the event of insolvency as defined in
Section Six of the Trust. 

        Except
as specifically provided in the Trust, the assets of the Plan and Trust shall never inure to the benefit of the Company and the same shall be held for the exclusive purpose of
providing benefits to Participants and their Beneficiaries. 

4.    DISTRIBUTIONS  

        4.1    Distribution of Deferred Compensation per the Deferral Form Elections.    A Participant must elect the timing
of the distribution of Distributable Amounts from his Deferral Account on the Deferral Form ("Withdrawal Dates"). If a Participant fails to designate Withdrawal Dates, the Participant will be deemed
to have elected the default election established by the Administrative Committee for the applicable Plan Year. Participants may elect an In-Service Withdrawal Date or Withdrawal Dates
following Retirement. All distributions will be cash payments. Notwithstanding any elected Withdrawal Dates, Distributable Amounts are subject to Section 4.2 below. 

        (a)    Distribution with an In-Service Withdrawal Date.    In the case of a Participant who has elected an
In-Service Withdrawal Date (a distribution while still employed or in the service of the Company), such Participant shall receive his Distributable Amount as designated on his Deferral
Form; provided that no payment may be made earlier than two years from the last day of the Plan Year for which the deferral was made; provided, further that, if a Participant has an aggregate balance
in all of his Deferral Accounts under the Plan of less than $50,000 (or
such other amount determined by the Administrative Committee) at the time of the In-Service Withdrawal Date, the distribution will be in the form of a single lump-sum payment. 

        (b)    Distribution with a Withdrawal Date following Retirement.    In the case of a Participant who has elected a
Withdrawal Date following Retirement, such Participant shall receive his Distributable Amount as designated on his Deferral Form; provided, however, if a Participant has an aggregate balance in all of
his Deferral Accounts under the Plan of less than $50,000 (or such other amount determined by the Administrative Committee) the distribution 

7

 

will be in the form of a single lump-sum payment during the next calendar quarter following written notice to the Administrative Committee of the Participant's termination. 

        (c)    Revising a Withdrawal Date.    A Participant may extend a Withdrawal Date for a Deferral Account up to two
times with respect to any Plan Year's Deferral Account, provided such change occurs at least one year before a scheduled Withdrawal Date and in the case of an In-Service Withdrawal Date,
is for a period of not less than two years after the end of the Plan Year of the deferral. 

        (d)    Section 162(m) Matters.    Notwithstanding anything to the contrary in this Plan whether express or
implied, the Administrative Committee may, in its sole discretion, defer payment of all or any portion of the Distributable Amount otherwise payable hereunder to any Participant who is considered a
"covered employee" to the extent any such payment would not be deductible by the Company by reason of Section 162(m) of the Code. For these purposes, the term "covered employee" shall mean the
Chief Executive Officer and the next four highest paid officers of the Company as determined for purposes of Code Section 162(m) and the regulations thereunder. In the event of a deferral of
payment by reason of this Section 4.1(d), any such deferred amounts shall be paid to the Participant at the earliest date or dates such amounts can be paid without creating or increasing a
limitation on deductibility of compensation under Code Section 162(m). Any amounts deferred under this Section 4.1(d) shall remain credited to the Participant's Deferral Account and
shall be subject to all of the terms and condition of this Plan until paid to the Participant. 

        4.2    Events Impacting Distribution of Deferred Compensation.    Notwithstanding any previously selected Withdrawal
Dates, the following events may alter the timing of the Distribution from a Participant's Deferral Account: 

        (a)    Distribution due to Death.    If a Participant dies while employed by the Company or serving as a Director or
while receiving a distribution, all amounts in the Participant's Deferral Accounts will be distributed in a single lump-sum payment to his Beneficiaries during the next calendar quarter
following written notice to the Administrative Committee of the Participant's death. 

        (b)    Disability.    If a Participant's employment is terminated because of Disability, and he has an aggregate
balance in all of his Deferral Accounts under the Plan of least $50,000 (or such amount determined by the Administrative Committee) at the time of termination, the Participant's previously selected
Withdrawal Dates will remain; provided, however, if he has an aggregate balance in all of his Deferral Accounts under the Plan of less than $50,000 (or such other amount determined by the
Administrative Committee), the Participant's Deferral Accounts will be distributed in a single lump-sum payment during the next calendar quarter following written notice to the
Administrative Committee of the Participant's termination. 

        (c)    Distribution due to Termination for Serious Misconduct.    If a Participant's employment or service is
terminated because of serious misconduct, all amounts in the Participant's Deferral Accounts will be distributed in a single lump-sum payment within 30 days of the end of the month
that the Administrative Committee receives written notice of the 

8

   
Participant's termination. Serious misconduct means any misconduct identified as a ground for termination in the Motorola Code of Business Conduct, or the human resources policies or other written
policies or procedures. 

        (d)    Change in Employment due to a Divestiture.    If a Participant's employment with the Company or a Subsidiary is
terminated in direct connection with the sale, lease, outsourcing arrangement or other type of asset transfer or transfers of any facility or any portion of a discrete organizational unit of the
Company or a Subsidiary (a "Divestiture"), and he has an aggregate balance in all of his Deferral Accounts under the Plan of at least $50,000 (or such other amount determined by the Administrative
Committee) at the time of the Divestiture, the Participant's previously selected Withdrawal Dates will remain in effect for that Deferral Account; provided, however, if he has an aggregate balance in
all of his Deferral Accounts under the Plan of less than $50,000 (or such other amount determined by the Administrative Committee), the Participant's Deferral Account will be distributed in a single
lump-sum payment during the next calendar quarter following written notice to the Administrative Committee of the Participant's termination. The Administrative Committee shall have the
authority to approve the transfer to a nonqualified deferred compensation plan maintained by the Company's successor in a Divestiture of all Deferral Accounts of each Participant who accepts
employment with the successor and who is eligible to participate in the successor's plan. 

        (e)    Distribution due to Termination of Employment or Service by the Company other than for Death, Disability, Serious Misconduct or a
Divestiture.    If a Participant's employment is terminated by the Company other than for death, Disability, serious misconduct or a Divestiture, and he has an
aggregate balance in all of his Deferral Accounts of at least $50,000 (or other such amount determined by the Administrative Committee) at the time of the Divesture, the Participant's previously
selected Withdrawal Dates will remain. If the Participant has an aggregate balance in all of his Deferral Accounts under the Plan of less than $50,000 (or other such amount determined by the
Administrative Committee), the Participant's Deferral Accounts will be distributed in a single lump-sum payment during the next calendar quarter following written notice to the
Administrative Committee of the Participant's termination. 

        (f)    Change in Control.    If there is a Change in Control of Motorola, all Participants' Deferral Accounts will be
distributed in a single lump-sum payment within 30 days of the consummation of the transaction. 

        (g)    Termination of Employment or Service for any other Reason than Described Above.    If a Participant's
employment or service is terminated for any other reason than described above, all amounts in the Participant's Deferral Accounts will be distributed in a single lump-sum payment during
the next calendar quarter following written notice to that the Administrative Committee of the Participant's termination. 

        4.3    Early Non-Scheduled Distributions.  

        A Participant shall be permitted to elect an Early Distribution from his or her Deferral Account prior to any previously selected Withdrawal Date, subject to the
following restrictions: 

9

 

        (a)  The
election to take an Early Distribution shall be made by filing a form provided by and filed with the Administrative Committee prior to the end of any calendar month. 

        (b)  The
amount of the Early Distribution shall equal up to 90% of his Deferral Account balance. 

        (c)  The
amount described in subsection (b) above shall be paid in a single lump sum as soon as practicable after the end of the calendar month in which the Early
Distribution election is made. 

        (d)  If
a Participant requests an Early Distribution of his entire Deferral Account, the remaining balance of his Deferral Account (10% of the Deferral Account) shall be
permanently forfeited and the Company shall have no obligation to the Participant or his Beneficiary with respect to such forfeited amount. If a Participant receives an Early Distribution of less than
his entire Deferral Account, such Participant shall forfeit 10% of the gross amount requested to be distributed from the Participant's Deferral Account and the Company shall have no obligation to the
Participant or his or her Beneficiary with respect to such forfeited amount. 

        (e)  If
a Participant receives an Early Distribution of either all or a part of his Deferral Account, the Participant will be ineligible to participate in the Plan for the
balance of the Plan Year and the following Plan Year. All distributions shall be made on a pro rata basis from all of the Participant's Deferral Accounts. 

        4.4    Hardship Distribution.    

        A
Participant shall be permitted to elect a Hardship Distribution from his or her Deferral Account prior to the Withdrawal Date, subject to the following restrictions: 

        (a)  The
election to take a Hardship Distribution shall be made by filing a form provided by and filed with the Administrative Committee prior to the end of any calendar
month. 

        (b)  The
Administrative Committee shall have made a determination that the requested distribution constitutes a Hardship Distribution. 

        (c)  The
amount determined by the Administrative Committee as a Hardship Distribution shall be paid in a single cash lump sum as soon as practicable after the end of the
calendar month in which the Hardship Distribution election is made and approved by the Administrative Committee. The distribution shall be made on a pro rata basis from all of the Participant's
Deferral Accounts. 

        (d)  If
a Participant receives a Hardship Distribution, the Participant will be ineligible to participate in the Plan for the balance of the Plan Year and the following Plan
Year. 

        4.5    Credit or Debit of Earnings or Losses.    

        Unless
otherwise provided, a Participant's Deferral Account will continue to be credited or debited with earnings or losses thereon pursuant to Section 3.1 until all amounts in a
Deferral Account are distributed. 

10

 

        4.6    Inability to Locate Participant.    

        In
the event that the Administrative Committee is unable to locate a Participant or Beneficiary within two years following a Withdrawal Date, the amount allocated to the Participant's
Deferral Account shall be forfeited. If, after such forfeiture, the Participant or Beneficiary later claims such benefit, such benefit shall be reinstated without interest or earnings. 

5.    ADMINISTRATION  

        5.1    Administrative Committee.    

        An
Administrative Committee shall be appointed by, and serve at the pleasure of, the Compensation Committee of the Board of Directors (the "Compensation Committee"). The number of
members comprising the Administrative Committee shall be determined by the Compensation Committee, which may from time to time vary the number of members. The Compensation Committee may remove any
member at anytime at its discretion. The Compensation Committee shall fill vacancies in the membership of the Administrative Committee. 

        5.2    Administrative Committee Action.    

        The
Administrative Committee shall act at meetings by affirmative vote of a majority of the members of the Administrative Committee. The Administrative Committee may also take action by
a written consent signed by a majority of members of the Administrative Committee. 

        5.3    Powers and Duties of the Administrative Committee.    

        (a)  The
Administrative Committee, on behalf of the Participants and their Beneficiaries, shall enforce the Plan in accordance with its terms, shall be charged with the
general administration of the Plan, and shall have all powers necessary to accomplish its purposes, including, but not by way of limitation, the following: 

        (1)  To
select the Funds; 

        (2)  To
construe and interpret the terms and provisions of this Plan; 

        (3)  To
compute and certify to the amounts payable to Participants and their Beneficiaries; 

        (4)  To
maintain all records that may be necessary for the administration of the Plan; 

        (5)  To
provide for the disclosure of all information and the filing or provision of all reports and statements to Participants, Beneficiaries or governmental agencies as
shall be required by law; 

11

 

        (6)  To
make and publish such rules for the regulation of the Plan and procedures for the administration of the Plan as are not inconsistent with the terms hereof; 

        (7)  To
appoint a Plan administrator or any other agent, and to delegate to them such powers and duties in connection with the administration of the Plan as the
Administrative Committee may from time to time prescribe; 

        (8)  To
take all other actions necessary for the administration of the Plan; and 

        (9)  To
delegate its powers and duties. 

        (b)  The
Administrative Committee shall have the authority to approve (i) the merger into the Plan of any nonqualified deferred compensation plan maintained by any
person, firm, partnership, corporation, or other entity (a "Person") in the event that the Company succeeds by merger, acquisition, consolidation or other transaction, to all or part of the assets or
business of, or enters into a joint venture with, such Person and the employees of such Person become employees of the Company or of a Subsidiary who may otherwise become eligible for participation in
the Plan, and (ii) the transfer to the Plan of all deferral accounts maintained by the Person pursuant to such plan. 

        5.4    Construction and Interpretation.    

        The
Committee shall have full discretion to construe and interpret the terms and provisions of this Plan, which interpretations or construction shall be final and binding on all parties,
including but not limited to the Company and any Participant or Beneficiary. The Administrative Committee shall administer such terms and provisions in a uniform and nondiscriminatory manner and in
full accordance with any and all laws applicable to the Plan. 

        5.5    Information.    

        To
enable the Administrative Committee to perform its functions, the Company shall supply full and timely information to the Administrative Committee on all matters relating to the
Compensation of all Participants, their death or other events which cause termination of their participation in this Plan, and such other pertinent facts as the Administrative Committee may require. 

        5.6    Compensation, Expenses and Indemnity.    

        (a)  The
members of the Administrative Committee shall serve without compensation for their services hereunder. 

        (b)  To
the extent permitted by Delaware law and the Company's amended Certificate of Incorporation, the Company shall indemnify and hold harmless the Administrative
Committee and each member thereof, the Compensation Committee, the Board of Directors and any delegate of the Administrative Committee who is an employee of the Company against any and all expenses,
liabilities and claims, including legal fees to defend against such liabilities and claims arising out of their discharge in good faith of responsibilities under or incident to the Plan, 

12

 

other
than expenses and liabilities arising out of willful misconduct. This indemnity shall not preclude such further indemnities as may be available under insurance purchased by the Company or
provided by the Company. 

        5.7    Account Statements.    

        Under
procedures established by the Administrative Committee, a Participant shall receive a statement with respect to such Participant's Deferral Accounts on a quarterly basis. 

        5.8    Disputes.    

        (a)    Claim.    

        A
person who believes that he or she is being denied a benefit to which he or she is entitled under this Plan (hereinafter referred to as "Claimant") must file a written request
for such benefit with the Administrative Committee and the Secretary of the Company, setting forth his or her claim. 

        (b)    Claim Decision.    

        Upon
receipt of a claim, the Company shall advise the Claimant that a reply will be forthcoming within 90 days and shall, in fact, deliver such reply within such period. The
Company may, however, extend the reply period for an additional 90 days for special circumstances. 

        If
the claim is denied in whole or in part, the Company shall inform the Claimant in writing, setting forth: (A) the specified reason or reasons for such denial; (B) the
specific reference to pertinent provisions of this Plan or the rules related to the Plan on which such denial is based; (C) a description of any additional material or information necessary for
the Claimant to perfect his or her claim and an explanation of why such material or such information is necessary; (D) appropriate information as to the steps to be taken if the Claimant wishes
to submit the claim for review; and (E) the time limits for requesting a review under subsection (c). 

        (c)    Request For Review.    

        Within
60 days after the receipt by the Claimant of the written opinion described above, the Claimant may request in writing that the Administrative Committee review the
determination of the Company. Such request must be addressed to the Secretary of the Company, at its then principal place of business. The Claimant or his or her duly authorized representative may,
but need not, review the pertinent documents and submit issues and comments in writing for consideration by the Administrative Committee. If the Claimant does not request a review within such
60-day period, he or she shall be barred and estopped from challenging the Company's determination. 

13

 

        (d)    Review of Decision.    

        Within
60 days after the Administrative Committee's receipt of a request for review, after considering all materials presented by the Claimant, the Administrative Committee will
inform the Participant in writing, in a manner calculated to be understood by the Claimant, the decision setting forth the specific reasons for the decision containing specific references to the
pertinent provisions of this Plan on which the decision is based. If special circumstances require that the 60 day time period be extended, the Administrative Committee will so notify the
Claimant and will render the decision as soon as possible, but no later than 120 days after receipt of the request for review. 

6.    MISCELLANEOUS  

        6.1    Unsecured General Creditor.    

        Participants
and their Beneficiaries, heirs, successors, and assigns shall have no legal or equitable rights, claims, or interest in any specific property or assets of the Company. No
assets of the Company shall be held in any way as collateral security for the fulfilling of the obligations of the Company under this Plan. Any and all of the Company's assets shall be, and remain,
the general unpledged, unrestricted assets of the Company. In the event the Company, in its sole discretion, decides to invest in any of the Funds, Participants and Beneficiaries shall have no rights
in or to such investments. The Company's obligation under the Plan shall be merely that of an unfunded and unsecured promise of the Company to pay money in the future, and the rights of the
Participants and Beneficiaries shall be no greater than those of unsecured general creditors. It is the intention of the Company that this Plan be unfunded for purposes of the Code and for purposes of
Title 1 of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). 

        6.2    Restriction Against Assignment.    

        The
Company shall pay all amounts payable hereunder only to the person or persons designated by the Plan and not to any other person or corporation. No part of a Participant's Deferral
Accounts shall be liable for the debts, contracts, or engagements of any Participant, his or her Beneficiary, or successors in interest, nor shall a Participant's Deferral Accounts be subject to
execution by levy, attachment, or garnishment or by any other legal or equitable proceeding, nor shall any such person have any right to alienate, anticipate, sell, transfer, commute, pledge,
encumber, or assign any benefits or payments hereunder in any manner whatsoever. If any Participant, Beneficiary or successor in interest is adjudicated bankrupt or purports to anticipate, alienate,
sell, transfer, commute, assign, pledge, encumber or charge any distribution or payment from the Plan, voluntarily or involuntarily, the Administrative Committee, in its discretion, may cancel such
distribution or payment (or any part thereof) to or for the benefit of such Participant, Beneficiary or successor in interest in such manner as the Administrative Committee shall direct. 

        6.3    Withholding.    

        There
shall be deducted from each payment made under the Plan all taxes that are required to be withheld by the Company in respect to such payment or this Plan. The Company 

14

 

shall
have the right to reduce any payment (or compensation) by the amount of cash sufficient to provide the amount of said taxes. Each participant agrees the Company shall have such rights to
withhold such taxes. 

        6.4    Effective Date.    

        The
effective date of the Plan is January 1, 2001. 

        6.5    Amendment, Modification, Suspension or Termination.    

        The
Board, the Compensation Committee or the Administrative Committee may amend, modify, suspend or terminate the Plan in whole or in part, except that no amendment, modification,
suspension or termination shall have any retroactive effect to reduce any amounts allocated to a Participant's Deferral Accounts. In the event that this Plan is terminated, the amounts allocated to a
Participant's Deferral Accounts shall be distributed to the Participant or, in the event of his or her death, his or her Beneficiary in a lump sum within 30 days following the date of
termination. 

        6.6    Governing Law.    

        This
Plan shall be construed, governed and administered in accordance with the laws of the State of Delaware, except when preempted by federal law. 

        6.7    Receipt or Release.    

        Any
payment to a Participant or the Participant's Beneficiary in accordance with the provisions of the Plan shall, to the extent thereof, be in full satisfaction of all claims against
the Administrative Committee, the Compensation Committee, the Board and the Company. The Administrative Committee may require such Participant or Beneficiary, as a condition precedent to such payment,
to execute a receipt and release to such effect. 

        6.8    Payments on Behalf of Persons Under Incapacity.    

        In
the event that any amount becomes payable under the Plan to a person who, in the sole judgment of the Compensation Committee or the Administrative Committee, is considered by reason
of physical or mental condition to be unable to give a valid receipt therefore, the Compensation Committee or the Administrative Committee may direct that such payment be made to any person found by
the Compensation Committee or the Administrative Committee, in its sole judgment, to have assumed the care of such person. Any payment made pursuant to such determination shall constitute a full
release and discharge of the Compensation Committee or the Administrative Committee and the Company. 

        6.9    Limitation of Rights and Employment Relationship    

        Neither
the establishment of the Plan and Trust nor any modification thereof, nor the creating of any fund or account, nor the payment of any benefits shall be construed as giving to any
Participant, or Beneficiary or other person any legal or equitable right against the Company or the trustee of the Trust except as provided in the Plan and Trust; and in no event 

15

 

shall
the terms of employment of any Employee or Participant be modified or in any way be affected by the provisions of the Plan and Trust. 

        6.10    Headings.    

        Headings
and subheadings in this Plan are inserted for convenience of reference only and are not to be considered in the construction of the provisions hereof. 

16

QuickLinks

Exhibit 10.16 As Amended Through November 5, 2002

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