Document:

Exhibit 10.24

 

As of May 24,
2006

 

2000 MANAGEMENT STOCKHOLDER’S AGREEMENT

 

WHEREAS, this Management Stockholder’s Agreement (this “Agreement”) is
entered into as of the Grant Date
(the “Base Date”) between Amphenol Corporation, a Delaware Corporation
(the “Company”), and the Optionee (the “Management Stockholder”) (the Company
and the Management Stockholder being hereinafter collectively referred to as
the “Parties”).

 

WHEREAS, the Company has granted (and in the future may make
additional grants to) certain key employees of the Company (including the
Management Stockholder) options to purchase shares of the Company’s common
stock (the “Common Stock”) at a fixed exercise price per share (the “Base
Price”) pursuant to the terms of the Third Amended 2000 Stock Purchase and
Option Plan for Key Employees of Amphenol Corporation and Subsidiaries (the “Option
Plan”) and the related 2000 Non-Qualified Stock Option Grant Agreement (any
and all grants under the Option Plan are hereinafter referred to as the “2000
Options”).

 

WHEREAS, this Agreement is one of several agreements (“Other Management
Stockholders’ Agreements”) which have been, or which in the future will be,
entered into between the Company and other individuals who are or will be key
employees of the Company or one of its subsidiaries (collectively, the “Other
Management Stockholders”).

 

NOW THEREFORE, to implement the foregoing and in consideration of the
grant of the Options and of the mutual agreements contained herein, the Parties
agree as follows:

 

1.                                       Common
Stock; Issuance of Options.

 

(a)                                  The
Company shall have no obligation to sell any Common Stock upon the exercise of
an Option to Purchase or otherwise to any person who is a resident or citizen
of a state or other jurisdiction in which the sale of Common Stock to him or
her would constitute a violation of the securities or “blue sky” laws of such
jurisdiction.

 

(b)                                 Subject
to the terms and conditions hereinafter set forth as of the Base Date (which
Base Date shall be different for future option awards, if any), the Company
shall issue to the Management Stockholder the Option to Purchase (as set forth
in the applicable Certificate of Stock Option
Grant) and the Optionee shall accept the applicable Non-Qualified
Stock Option Grant Agreement as a precondition to the effectiveness of the
Option to Purchase.

 

2.                                       Management
Stockholder’s Representations, Warranties and Agreements.

 

(a)                                  The
Management Stockholder agrees and acknowledges that he will not, directly or
indirectly, offer, transfer, sell, assign, pledge, hypothecate or otherwise
dispose of (any such act being referred to herein as a “transfer”) any of the
Common Stock issuable upon exercise of the 2000 Options (the “Option Stock”)
unless such transfer complies with Section 3 of this Agreement. If the
Management Stockholder is an affiliate (as defined under Rule 405 of the rules and
regulations promulgated under the Securities Act of 1933, as amended, (the “Act”)

 

 

and as interpreted by the Board of Directors
of the Company) of the Company (an “Affiliate”), the Management Stockholder
also agrees and acknowledges that he will not transfer any shares of the Stock
unless (i) the transfer is pursuant to an effective registration statement
under the Act, and in compliance with applicable provisions of state securities
laws or (ii) (A) counsel for the Management Stockholder (which
counsel shall be reasonably acceptable to the Company) shall have furnished the
Company with an opinion, satisfactory in form and substance to the
Company, that no such registration is required because of the availability of
an exemption from registration under the Act and (B) if the Management
Stockholder is a citizen or resident of any country other than the United
States, or the Management Stockholder desires to effect any transfer in any
such country, counsel for the Management Stockholder (which counsel shall be
reasonably satisfactory to the Company) shall have furnished the Company with
an opinion or other advice reasonably satisfactory in form and substance
to the Company to the effect that such transfer will comply with the securities
laws of such jurisdiction. Notwithstanding the foregoing, the Company
acknowledges and agrees that any of the following transfers are deemed to be in
compliance with the Act and this Agreement and no opinion of counsel is
required in connection therewith: (x) a transfer made pursuant to Sections 4, 8
or 9 hereof, (y) a transfer upon the death of the Management Stockholder to his
executors, administrators, testamentary trustees, legatees or beneficiaries
(the “Management Stockholder’s Estate”) or a transfer to the executors,
administrators, testamentary trustees, legatees or beneficiaries of a person
who has become a holder of Stock in accordance with the terms of this
Agreement, provided that it is expressly understood that any such transferee
shall be bound by the provisions of this Agreement and (z) a transfer made
after the Base Date in compliance with the federal securities laws to a trust
or custodianship the beneficiaries of which may include only the
Management Stockholder, his spouse or his lineal descendants (a “Management
Stockholder’s Trust”) provided that such transfer is made expressly subject to
this Agreement.

 

(b)                                 If
any shares of the Stock are to be disposed of in accordance with Rule 144
under the Act or otherwise, the Management Stockholder shall promptly notify
the Company of such intended disposition and shall deliver to the Company at or
prior to the time of such disposition such documentation as the Company may reasonably
request in connection with such sale and, in the case of a disposition pursuant
to Rule 144, shall deliver to the Company an executed copy of any notice
on Form 144 required to be filed with the Securities and Exchange
Commission (the “SEC”).

 

3.                                       Restriction
on Transfer

 

No transfer of Option Stock in violation of this Agreement shall be
made or recorded on the books of the Company and any such transfer shall be
void and of no effect.

 

4.                                       Definitions

 

For purposes of this Agreement the following definitions shall
apply:  “Cause” shall mean (i) the
Management Stockholder’s willful and continued failure to perform Management
Stockholder’s duties with respect to the Company or its subsidiaries which
continues beyond ten days after a written demand for substantial performance is
delivered to Management Stockholder by the Company or (ii) misconduct by
Management Stockholder involving (x) dishonesty or breach of trust in
connection with Management Stockholder’s

 

 

employment or (y) conduct which would be a reasonable basis for an
indictment of Management Stockholder for a felony or for a misdemeanor
involving moral turpitude or (z) which the Committee determines is likely to
result in a demonstrable injury to the Company; and “Good Reason” shall mean (i) reduction
in Management Stockholder’s base salary (other than a broad based salary
reduction program affecting many members of management), (ii) a
substantial reduction in Management Stockholder’s duties and responsibilities
other than as approved by the Chief Executive Officer of the Company as of the
date of this Agreement, (iii) the elimination or reduction of the
Management Stockholder’s eligibility to participate in the Company’s benefit
programs that is inconsistent with the eligibility of similarly situated employees
of the Company to participate therein, or (iv) an involuntary transfer of
the Management Stockholder’s primary workplace by more than fifty (50) miles
from the workplace as of the date hereof.

 

5.                                       Continuing
Effectiveness of Agreement

 

The Company may from time to time grant to the Management
Stockholder additional options under the Option Plan, as currently in effect
and as it may be amended from time to time, to purchase shares of Common
Stock at a different Base Price. Unless agreed otherwise any and all option
awards made on or after May 24, 2006 under the Option Plan, as currently
in effect or as it may be amended from time to time, shall be subject to
the terms and conditions of this Agreement.

 

6.                                       The
Company’s Representations and Warranties.

 

(a)                                  The
Company represents and warrants to the Management Stockholder that (i) this
Agreement has been duly authorized, executed and delivered by the Company and (ii) the
Stock, when issued and delivered in accordance with the terms hereof, will be
duly and validly issued, fully paid and nonassessable.

 

(b)                                 The
Company will file the reports required to be filed by it under the Act and the
Securities Exchange Act of 1934 (the “Exchange Act”) and the rules and
regulations adopted by the SEC thereunder, to the extent required from time to
time to enable the Management Stockholder to sell shares of Stock without
registration under the Act within the limitations of the exemptions provided by
(A) Rule 144 under the Act, as such Rule may be amended
from time to time, or (B) any similar rule or regulation hereafter
adopted by the SEC. Notwithstanding anything contained in this Section 6(b),
the Company may de-register under Section 12 of the Act if it is then
permitted to do so pursuant to the Exchange Act and the rules and
regulations thereunder and, in such circumstances, shall not be required hereby
to file any reports which may be necessary in order for Rule 144 or
any similar rule or regulation under the Act to be available. Nothing in
this Section 6(b) shall be deemed to limit in any manner the
restrictions on sales of Stock otherwise contained in this Agreement.

 

7.                                       Rights
to Negotiate Purchase.

 

Nothing in this Agreement shall be deemed to restrict or prohibit the
Company from purchasing shares of Option Stock or the 2000 Options from the
Management Stockholder, at any time, upon such terms and conditions, and for
such price, as may be mutually agreed upon between the Parties.

 

 

8.                                       Notice
of Change of Beneficiary.

 

Immediately prior to any transfer of Stock to a Management Stockholder’s
Trust, the Management Stockholder shall provide the Company with a copy of the
instruments creating the Management Stockholder’s Trust and with the identity
of the beneficiaries of the Management Stockholder’s Trust. The Management
Stockholder shall notify the Company immediately prior to any change in the
identity of any beneficiary of the Management Stockholder’s Trust.

 

9.                                       Recapitalizations,
etc.

 

The provisions of this Agreement shall apply, to the full extent set
forth herein with respect to the Option Stock or the 2000 Options, to any and
all shares of capital stock of the Company or any capital stock, partnership
units or any other security evidencing ownership interests in any successor or
assign of the Company (whether by merger, consolidation, sale of assets or
otherwise) which may be issued in respect of, in exchange for, or
substitution of the Option Stock or the 2000 Options, by reason of any stock
dividend, split, reverse split, combination, recapitalization, liquidation,
reclassification, merger, consolidation or otherwise.

 

10.                                 Management
Stockholder’s Employment by the Company.

 

Nothing contained in this Agreement or in any other agreement entered
into by the Company and the Management Stockholder contemporaneously with the
execution of this Agreement (i) obligates the Company or any subsidiary of
the Company to employ the Management Stockholder in any capacity whatsoever or (ii) prohibits
or restricts the Company (or any such subsidiary) from terminating the employment
of the Management Stockholder at any time or for any reason whatsoever, with or
without Cause, and the Management Stockholder hereby acknowledges and agrees
that neither the Company nor any other person has made any representations or
promises whatsoever to the Management Stockholder concerning the Management
Stockholder’s employment or continued employment by the Company or any
subsidiary of the Company.

 

11.                                 State
Securities Laws.

 

The Company hereby agrees to use its best efforts to comply with all state
securities or “blue sky” laws which might be applicable to the sale of the
Option Stock and the issuance of the 2000 Options to the Management
Stockholder.

 

12.                                 Binding
Effect.

 

The provisions of this Agreement shall be binding upon and accrue to
the benefit of the parties hereto and their respective heirs, legal
representatives, successors and assigns. In the case of a transferee permitted
under Section 2(a) hereof, such transferee shall be deemed the
Management Stockholder hereunder; provided, however, that no transferee
(including without limitation, transferees referred to in Section 2(a) hereof)
shall derive any rights under this Agreement unless and until such transferee
has delivered to the Company a valid undertaking 

 

 

and becomes bound by the terms of this Agreement.

 

13.                                 Amendment

 

This Agreement may be amended only by a written or electronic
instrument signed or accepted by the Parties hereto.

 

14.                                 Applicable
Law.

 

The laws of the State of Delaware shall govern the interpretation,
validity and performance of the terms of this Agreement, regardless of the law
that might be applied under principles of conflicts of law. Any suit, action or
proceeding against the Management Stockholder, with respect to this Agreement,
or any judgment entered by any court in respect of any thereof, may be
brought in any court of competent jurisdiction in the State of Connecticut, and
the Management Stockholder hereby submits to the non-exclusive jurisdiction of
such courts for the purpose of any such suit, action, proceeding or judgment. By
the execution and delivery of this Agreement, the Management Stockholder
appoints The Corporation Trust Company, at its office in Wilmington, Delaware,
as the case may be, as his agent upon which process may be served in
any such suit, action or proceeding. Service of process upon such agent,
together with notice of such service given to the Management Stockholder in the
manner provided in Section 20 hereof, shall be deemed in every respect
effective service of process upon him in any suit, action or proceeding. Nothing
herein shall in any way be deemed to limit the ability of the Company to serve
any such writs, process or summonses in any other manner permitted by
applicable law or to obtain jurisdiction over the Management Stockholder, in
such other jurisdictions and in such manner, as may be permitted by
applicable law. The Management Stockholder hereby irrevocably waives any
objections which he may now or hereafter have to the laying of the venue
of any suit, action or proceeding arising out of or relating to this Agreement
brought in any court of competent jurisdiction in the State of Connecticut, and
hereby further irrevocably waives any claim that any such suit, action or
proceeding brought in any such court has been brought in any inconvenient forum.
No suit, action or proceeding against the Company with respect to this
Agreement may be brought in any court, domestic or foreign, or before any
similar domestic or foreign authority other than in a court of competent
jurisdiction in the State of Connecticut, and the Management Stockholder hereby
irrevocably waives any right which he may otherwise have had to bring such
an action in any other court, domestic or foreign, or before any similar
domestic or foreign authority. The Company hereby submits to the jurisdiction
of such courts for the purpose of any such suit, or proceeding. Each Party
hereto hereby irrevocably and unconditionally waives trial by jury in any legal
action or proceeding in relation to this Agreement and for any counterclaim
therein.

 

15.                                 Miscellaneous.

 

In this Agreement (i) all references to “dollars” or “$” are to
United States dollars and (ii) the word “or” is not exclusive. If any
provision of this Agreement shall be declared illegal, void or unenforceable by
any court of competent jurisdiction, the other provisions shall not be
affected, but shall remain in full force and effect.

 

 

16.                                 Notices.

 

All notices and other communications provided for herein shall be in
writing and shall be deemed to have been duly given if delivered to the Party
to whom it is directed as set forth in this Section 16.

 

(a)                                  If
to the Company by hand (whether by overnight courier or otherwise) or sent by
overnight delivery or telecopy, to it at the following address or fax number:

 

Amphenol Corporation

358 Hall Avenue

Wallingford, Connecticut 06492

 

Attn: 
Chief Executive Officer

Phone:           (203)
265-8730

Fax:                           (203) 265-8628

 

(b)                                 If
to the Management Stockholder by hand (whether by overnight courier or
otherwise) or sent by overnight delivery or telecopy or email, to him or her at
the address (including email address) set forth in the records of the
headquarter’s Human Resources Department of the Company; or at such other
address as either Party shall have specified by notice in writing to the other.

 

	
  17.

  	
  Covenant
  Not to Compete; Protection of Confidential Information;

  Nonsolicitation of Customers and Suppliers and Nonsolicitation of Employees.

  

 

(a)                                  In
consideration of the Company entering into this Agreement with the Management
Stockholder, the Management Stockholder hereby agrees that for so long as the
Management Stockholder is employed by the Company or one of its subsidiaries
and for a period of one year thereafter (the “Noncompete Period”), the
Management Stockholder shall not, in any geographic region in the world in
which the Management Stockholder acted for the Company or any division or
subsidiary thereof, directly or indirectly, engage in the production, sale or
distribution of any product produced, sold, distributed or which is in
development (i) by the operation of the Company or the operation of the
subsidiary of the Company which employed the Management Stockholder during the
twelve (12) month period immediately preceding the Management Employee’s
termination of employment or (ii) by the Company or its subsidiaries about
which the Management Stockholder received any Confidential Information (as
defined below).

 

(b)                                 In
the event that the Management Stockholder’s employment is terminated by the
Management Stockholder for Good Reason or by the operation of the Company
without Cause, or if required by applicable law to give full force and effect
to the Management Stockholder’s undertaking in clause (a) above, then as
additional consideration for the Management Stockholder’s covenant not to
compete, the Company shall pay the Management Stockholder salary continuation
in an amount equal to 50% of such Management Stockholder’s base salary on the
date of the termination of the Management Stockholder’s employment for the
Noncompete Period. In the event that the Management Stockholder’s employment
with the Company or any of its subsidiaries is terminated by the Management
Stockholder without Good

 

 

Reason or by the Company with Cause then, except as required by
applicable law, the Company shall not be required to pay the Management
Stockholder any additional consideration for the Management Stockholder’s
covenant not to compete.

 

(c)                                  At
the Company’s option, the Noncompete Period may be extended for an
additional one year period if (i) within nine months of the termination of
the Management Stockholder’s employment, the Company gives the Management
Stockholder notice of such extension and (ii) beginning with the first
anniversary of such termination, the Company agrees to pay the Management
Stockholder in the form of salary continuation during such extended
Noncompete Period in an amount equal to 50% of the Management Stockholder’s
base annual salary at the time that the Management Stockholder’s employment
with the Company was terminated. The amounts referred to in paragraphs 17(b),
if any, and 17(c) shall be paid in installments in a manner consistent
with the then current salary payment policies of the Company or the operation
or division of the Company or its subsidiary that employed the Management
Stockholder. For purposes of this Agreement, the phrase “directly or indirectly
engage in” shall include any direct or indirect ownership or profit
participation interest in such enterprise, whether as an owner, stockholder,
partner, joint venturer or otherwise, and shall include any direct or indirect
participation in such enterprise as an employee, a consultant, independent
contractor, licensor of technology or otherwise. During the Noncompete Period
and any extended Noncompete Period the Management Stockholder shall be free to
work in any employment approved by the Chief Executive Officer of the Company
which approval shall not be unreasonably withheld. Such approved employment
shall not serve to reduce any payments that the Management Stockholder is
receiving pursuant to this provision.

 

(d)                                 The
Management Stockholder will not disclose or use at any time any Confidential
Information (as defined below) of which the Management Stockholder is or
becomes aware, whether or not such information is developed by him, except to
the extent that such disclosure or use is directly related to and required by
the Management Stockholder’s performance of duties, if any, assigned to the
Management Stockholder by the Company. As used in this Agreement, the term “Confidential
Information” means information that is not generally known to the public and
that is used or developed by the Company or its subsidiaries or that is
obtained by the Company or its subsidiaries from its customers, suppliers
and/or consultants in connection with its business, including but not limited
to (i) products or services, (ii) fees, costs and pricing structures,
(iii) designs, (iv) computer software, including operating systems,
applications and program listings, (v) flow charts, manuals and
documentation, (vi) data bases, (vii) accounting and business
methods, (viii) inventions, devices, new developments, methods and
processes, whether patentable or unpatentable and whether or not reduced to
practice, (ix) customers, vendors and clients and customer, vendors or
client lists, (x) personnel information, (xi) other copyrightable works, (xii)
all technology and trade secrets, and (xiii) all similar and related
information in whatever form. Confidential Information will not include any
information that has been published in a form generally available to the
public prior to the date the Management Stockholder proposes to disclose or use
such information. The Management Stockholder acknowledges and agrees that all
copyrights, works, inventions, innovations, improvements, developments,
patents, trademarks and all similar or related information which relate to the
actual or anticipated business of the Company and its subsidiaries (including
its predecessors) and conceived, developed or made by the Management
Stockholder while employed by the Company or its subsidiaries belong to the
Company. The Management Stockholder will perform all actions reasonably
requested by the Company (whether during or after employment with the Company
or the Noncompete Period) to establish and confirm such ownership at the
Company’s expense (including without limitation assignments, consents,

 

 

powers of attorney and other instruments). If the Management
Stockholder is bound by any other agreement with the Company regarding the use
or disclosure of Confidential Information, the provisions of this Agreement
shall be read in such a way as to further restrict and not to permit any more
extensive use or disclosure of confidential information.

 

(e)                                  In
consideration of the Company entering into this Agreement with the Management
Stockholder, the Management Stockholder hereby agrees that for a period of
twelve (12) months following the termination of Management Stockholder’s
employment with the Company or with a subsidiary of the Company for any reason
whatsoever, the Management Stockholder shall not, directly or indirectly,
divert or attempt to divert nor assist others in diverting any business of the
Company by soliciting, contacting or communicating with any customer or supplier
of the Company with whom Management Stockholder had direct or indirect contact
during the twelve (12) month period immediately preceding the termination of
Management Stockholder’s employment.

 

(f)                                    In
consideration of the Company entering into this Agreement with the Management
Stockholder, the Management Stockholder hereby agrees that for a period of
twenty-four (24) months following the termination of Management Stockholder’s
employment with the Company or with a subsidiary of the Company for any reason
whatsoever, the Management Stockholder shall not, directly or indirectly,
solicit, induce, attempt to induce or assist others in attempting to induce any
employee of the Company with whom Management Stockholder has worked or had
material contact with, during the twelve (12) month period immediately
preceding the termination of his employment, to leave the employment of the
Company or a subsidiary of the Company or to accept employment or affiliation
with any other company or firm of which Management Stockholder becomes an
employee, owner, partner or consultant.

 

(g)                                 Notwithstanding
clauses (a), (b), (c), (d), (e) and (f) above, if at any time a court
holds that the restrictions stated in such clauses (a), (b), (c), (d), (e) and
(f) are unreasonable or otherwise unenforceable under circumstances then
existing, the parties hereto agree that the maximum period, scope or geographic
area determined to be reasonable under such circumstances by such court will be
substituted for the stated period, scope or area. Because the Management
Stockholder’s services are unique and because the Management Stockholder has
had access to Confidential Information, the parties hereto agree that money
damages will be an inadequate remedy for any breach of this Agreement. In the
event a breach or threatened breach of this Agreement, the Company or its
successors or assigns may, in addition to other rights and remedies existing in
their favor, apply to any court of competent jurisdiction for specific
performance and/or injunctive relief in order to enforce, or prevent any
violations of, the provisions hereof (without the posting of a bond or other
security).Exhibit 10.26

 

As of May 24,
2006

 

2000 NON-QUALIFIED STOCK OPTION GRANT
AGREEMENT

 

THIS AGREEMENT, dated as of the Grant Date, is made by and between
AMPHENOL CORPORATION a Delaware corporation (hereinafter referred to as the “Company”),
and the holder of the Certificate of Stock
Option Grant, an employee of the Company or a Subsidiary (as defined
below) (hereinafter referred to as “Optionee”).

 

WHEREAS, the Company wishes to afford the Optionee the opportunity to
purchase shares of its Class A Common Stock, par value $.001 per share
(the “Common Stock”) as indicated in the Certificate
of Stock Option Grant;

 

WHEREAS, the Company wishes to carry out the Plan (as hereinafter
defined), the terms of which are hereby incorporated by reference and made a part of
this Agreement; and

 

WHEREAS, the Committee (as hereinafter defined), appointed to
administer the Plan, has determined that it would be to the advantage and best
interest of the Company and its stockholders to grant the Non-Qualified Option
to Purchase provided for herein to the Optionee as an incentive for increased
efforts during his or her employment with the Company or its Subsidiaries, and
has advised the Company thereof and instructed the Company to cause its
representatives to issue the Certificate of
Stock Option Grant;

 

NOW, THEREFORE, in consideration of the mutual covenants herein
contained and other good and valuable consideration, receipt of which is hereby
acknowledged, the parties hereto do hereby agree as follows:

 

ARTICLE I

 

DEFINITIONS

 

Whenever the following terms are used in this Agreement, they shall
have the meaning specified in the Plan or below unless the context clearly
indicates to the contrary.

 

Section 1.1- Affiliate

 

“Affiliate” shall mean, with respect to the Company, any corporation or
entity directly or indirectly controlling, controlled by, or under common
control with, the Company.

 

Section 1.2- Cause

 

“Cause” shall mean, (i) the Optionee’s willful and continued
failure to perform his or her duties with respect to the Company or its
Subsidiaries which continues beyond 10 days after notice is provided to the
Optionee by the Company or (ii) misconduct by the Optionee (x) involving
dishonesty or breach of trust in connection with Optionee’s employment, (y)
which would be a reasonable basis for an indictment of the Optionee of a felony
or a misdemeanor involving moral turpitude or (z) which the Committee
determines is likely to result in a demonstrable injury to the Company.

 

 

Section 1.3 - Change of Control

 

“Change of Control” shall mean (i) a sale of all or substantially
all of the assets of the Company or (ii) an acquisition of voting stock of
the Company resulting in more than 50% of the voting stock of the Company being
held by a Person or Group. See 3.1(a) for application of Change of
Control.

 

Section 1.4 - Code

 

“Code” shall mean the Internal Revenue Code of 1986, as amended.

 

Section 1.5- Committee

 

“Committee” shall mean the Compensation Committee of the Board of
Directors of the Company.

 

Section 1.6 - Good Reason

 

“Good Reason” shall mean (i) a reduction in Optionee’s base salary
(other than a broad based salary reduction program affecting many members of
management), (ii) a substantial reduction in Optionee’s duties and
responsibilities other than as approved by the Chief Executive Officer of the
Company as of the date of this Agreement, (iii) the elimination or
reduction of the Optionee’s eligibility to participate in the Company’s benefit
programs that is inconsistent with the eligibility of similarly situated
employees of the Company to participate therein, or (iv) an involuntary
transfer of the Optionee’s primary workplace by more than fifty (50) miles from
the workplace as of the date hereof.

 

Section 1.7 - Grant Date

 

“Grant Date” shall mean the date as of which the Option to Purchase
provided for in this Agreement was granted.

 

Section 1.8 - Group

 

“Group” means two or more Persons acting together as a partnership,
limited partnership, syndicate or other group for the purpose of acquiring,
holding or disposing of securities of the Company.

 

Section 1.9 - Management Stockholder’s
Agreement

 

“Management Stockholder’s Agreement” shall mean the 2000 Management
Stockholder’s Agreement, between the Optionee and the Company.

 

Section 1.10 - Option to Purchase

 

“Option to Purchase” shall mean the non-qualified option to purchase
Common Stock granted under the Certificate of
Stock Option Grant.

 

 

Section 1.11 - Permanent Disability

 

The Optionee shall be deemed to have a “Permanent Disability” if the
Optionee is unable to engage in the activities required by the Optionee’s job
by reason of any medically determined physical or mental impairment which can
be expected to result in death or which has lasted or can be expected to last
for a continuous period of not less than 12 months.

 

Section 1.12 - Person

 

“Person” means an individual, partnership, corporation, business trust,
joint stock company, trust, unincorporated association, joint venture,
governmental authority or other entity of whatever nature.

 

Section 1.13 - Plan

 

“Plan” shall mean The Third Amended 2000 Stock Purchase and Option Plan
for Key Employees of Amphenol and Subsidiaries.

 

Section 1.14 - Pronouns

 

The masculine pronoun shall include the feminine and neuter, and the
singular the plural, where the context so indicates.

 

Section 1.15 - Retirement

 

“Retirement” shall mean retirement at age 65 or over (or such other age
as may be approved by the Compensation Committee of the Board of Directors
of the Company) after having been employed by the Company or a Subsidiary for
at least three years after the Grant Date.

 

Section 1.16 - Secretary

 

“Secretary” shall mean the Secretary or an Assistant Secretary of the
Company.

 

Section 1.17 - Subsidiary

 

“Subsidiary” shall mean any corporation in an unbroken chain of corporations
beginning with the Company if each of the corporations, or group of commonly
controlled corporations (other than the last corporation in the unbroken
chain), then owns stock possessing 50% or more of the total combined voting
power of all classes of stock in one of the other corporations in such chain.

 

Section 1.18 - Trigger Date

 

“Trigger Date” shall mean the date hereof.

 

 

ARTICLE II

 

GRANT OF OPTION TO PURCHASE

 

Section 2.1 - Grant of Option to
Purchase

 

For good and valuable consideration, on and as of the Grant Date
hereof, the Company irrevocably grants to the Optionee, subject to Section 2.4,
an Option to Purchase any part or all of an aggregate of shares of its
$.001 par value Class A Common Stock as indicated in the Certificate of Stock Option Grant upon the
terms and conditions set forth in this Agreement.

 

Section 2.2 - “Grant Price”

 

Subject to Section 2.4, the exercise price of the shares of stock
covered by the Option to Purchase (the “Option to Purchase Grant Price”) shall
be as indicated in the Certificate of Stock
Option Grant per share without commission or other charge.

 

Section 2.3 - No Right to Employment

 

Nothing in this Agreement or in the Plan shall confer upon the Optionee
any right to continue in the employ of the Company or any Subsidiary or shall
interfere with or restrict in any way the rights of the Company and its
Subsidiaries, which are hereby expressly reserved, to terminate the employment
of the Optionee at any time for any reason whatsoever, with or without Cause.

 

Section 2.4 - Adjustments in Option to
Purchase Pursuant to Merger, Consolidation, etc.

 

Subject to Section 9 of the Plan, in the event that the
outstanding shares of the stock subject to an Option to Purchase are, from time
to time, changed into or exchanged for a different number or kind of shares of
the Company or other securities of the Company by reason of a merger,
consolidation, recapitalization, reclassification, stock split, stock dividend,
combination of shares, or otherwise, the Committee shall make an adjustment in
the number and kind of shares and/or the amount of consideration as to which or
for which, as the case may be, such Option to Purchase, or portions
thereof then unexercised, shall be exercisable, in such manner as the Committee
determines is reasonably necessary to maintain as nearly as practicable the
rights, benefits and obligations that the parties would have had absent such
event. Any such adjustment made by the Committee shall be final and binding
upon the Optionee, the Company and all other interested persons.

 

 

ARTICLE III

 

PERIOD OF EXERCISABILITY

 

Section 3.1 - Commencement of
Exercisability

 

(a)  an Option to Purchase shall become exercisable as follows:

 

	
   

  	
   

  	
  Percentage of Option to Purchase

  	
   

  
	
  Date Option to Purchase

  	
   

  	
  Shares Granted As to Which

  	
   

  
	
  Becomes Exercisable

  	
   

  	
  Option to Purchase Is Exercisable

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  After the first anniversary of the Trigger
  Date

  	
   

  	
  20

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  After the second anniversary of the Trigger
  Date

  	
   

  	
  40

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  After the third anniversary of the Trigger
  Date

  	
   

  	
  60

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  After the fourth anniversary of the Trigger
  Date

  	
   

  	
  80

  	
  %

  
	
   

  	
   

  	
   

  	
   

  
	
  After the fifth anniversary of the Trigger
  Date

  	
   

  	
  100

  	
  %

  

 

Notwithstanding the foregoing, (x) no Option to Purchase shall become
exercisable prior to the time the Plan is approved by the Company’s
stockholders, and (y) subject to the immediately preceding clause (x), the
Option to Purchase shall become immediately exercisable as to 100% of the
shares of Common Stock subject to such Option to Purchase immediately prior to
a Change of Control (but only to the extent such Option to Purchase has not
otherwise terminated or become exercisable). The sale or disposition of a
division, business segment or Subsidiary of the Company shall not cause
an Option to Purchase to become immediately exercisable. Pursuant to the
authority granted to it in Section 5.1, the Committee shall decide what,
if any, Option to Purchase shall become exercisable and when any such Option to
Purchase must be exercised upon the sale or disposition of a division, business
segment or Subsidiary of the Company.

 

(b)  Notwithstanding the foregoing, no Option to Purchase shall
become exercisable as to any additional shares of Common Stock following the
termination of employment of the Optionee for any reason other than a termination
of employment because of death, Retirement or Permanent Disability of the
Optionee, and any Option to Purchase (other than as provided in the next
succeeding sentence) which is non-exercisable as of the Optionee’s termination
of employment shall be immediately cancelled. In the event of a termination of
employment because of death, Retirement or Permanent Disability of the Optionee
and provided that the Optionee has been employed for at least three years after
June 6, 2000, all Option to Purchase awarded hereunder shall become
immediately exercisable. If the Optionee has not been employed for such
three-year period, then Option to Purchase shall not become exercisable for any
additional shares of Common Stock.

 

 

Section 3.2 - “Grant Expiration Date”

 

The Option to Purchase may not be exercised to any extent by the
Optionee after the first to occur of the following events:

 

(a) The tenth anniversary of the Grant Date; or

 

(b) The first anniversary of the date of the Optionee’s
termination of employment by reason of death, Permanent Disability or
Retirement. For these purposes, termination of employment shall mean the date
on which the Optionee ceases working for the Company or a Subsidiary of the
Company or such later day as the Committee in their discretion deems to be
appropriate; or

 

(c) 90 days after termination of employment of the Optionee for
any reason other than for death, Permanent Disability or Retirement. For these
purposes, termination of employment shall mean the date on which the Optionee
ceases working for the Company or a Subsidiary of the Company or such later day
as the Committee in their discretion deems to be appropriate; or

 

(d) If the Committee so elects pursuant to Section 9 of the
Plan, the effective date of a Transaction (as defined in the Plan); provided,
however, that the Committee has provided Optionee with a reasonable period of
notice prior to the effective date of such Transaction in which to exercise an
Option to Purchase that has then neither been fully exercised nor become unexercisable
under this Section 3.2.

 

ARTICLE IV

 

EXERCISE OF OPTION TO PURCHASE

 

Section 4.1 - Person Eligible to
Exercise

 

Except as provided in the Management Stockholder’s Agreement, during
the lifetime of the Optionee, only he or his personal legal representative may exercise
an Option to Purchase or any portion thereof. After the death of the Optionee,
any previously exercised portion of an Option to Purchase may, prior to the
time when an Option to Purchase becomes unexercisable under Section 3.2, be
exercised or by any person empowered to do so under the Optionee’s will or
under the then applicable laws of descent and distribution.

 

Section 4.2 - Partial Exercise

 

Any exercisable portion of an Option to Purchase or the entire Option
to Purchase, if then wholly exercisable, may be exercised in whole or in part at
any time prior to the time when the Option to Purchase or portion thereof
becomes unexercisable under Section 3.2; provided, however, that any
partial exercise shall be for whole shares of Common Stock only.

 

 

Section 4.3 - Manner of Exercise

 

An Option to Purchase, or any exercisable portion thereof, may be
exercised in the manner described in the Section titled “Exercising Your
Stock Options” appearing in “A Guide to the Amphenol Corporation Stock Option
Plan” appearing on the Company’s Client Home Page available through
www.benefitaccess.com.

 

The Optionee may be asked to provide a bona fide written
representation and agreement, in a form satisfactory to the Committee,
signed by the Optionee or other person then entitled to exercise such Option or
portion thereof, stating that the shares of stock are being acquired for his
own account, for investment and without any present intention of distributing
or reselling said shares or any of them except as may be permitted under
the Securities Act of 1933, as amended (the “Act”), and then applicable rules and
regulations thereunder, and that the Optionee or other person then entitled to
exercise such Option or portion thereof will indemnify the Company against and
hold it free and harmless from any loss, damage, expense or liability resulting
to the Company if any sale or distribution of the shares by such person is
contrary to the representation and agreement referred to above; provided,
however, that the Committee may, in its absolute discretion, take whatever
additional actions it deems appropriate to ensure the observance and
performance of such representation and agreement and to effect compliance with
the Act and any other federal or state securities laws or regulations; and

 

In the event the Option to Purchase or any portion thereof shall be
exercised pursuant to Section 4.1 by any person or persons other than the
Optionee, the Committee may require appropriate proof of the right of such
person or persons to exercise the Option to Purchase.

 

Without limiting the generality of the foregoing, the Committee may require
an opinion of counsel acceptable to it to the effect that any subsequent
transfer of shares acquired on exercise of an Option to Purchase does not
violate the Act, and may issue stop-transfer orders covering such shares. Share
certificates evidencing stock issued on exercise of an Option to Purchase shall
bear an appropriate legend referring to the provisions of the second paragraph
above and the agreements herein. The written representation and agreement
referred to in the second paragraph above shall, however, not be required if
the shares to be issued pursuant to such exercise have been registered under
the Act, and such registration is then effective in respect of such shares.

 

Section 4.4 - Conditions to Issuance
of Stock Certificates

 

The shares of stock deliverable upon the exercise of an Option to
Purchase, or any portion thereof, may be either previously authorized but
unissued shares or issued shares which have then been reacquired by the Company.
Such shares shall be validly issued, fully paid and nonassessable. The Company
shall not be required to issue or deliver any certificate or certificates for
shares of stock purchased upon the exercise of an Option to Purchase or portion
thereof prior to fulfillment of all of the following conditions:

 

(a) The obtaining of approval or other clearance from any state or
federal governmental agency which the Committee shall, in its absolute
discretion, determine to be necessary or advisable; and

 

 

(b) The lapse of such reasonable period of time following the
exercise of the Option to Purchase as the Committee may from time to time
establish for reasons of administrative convenience. Absent such a
determination by the Committee, 20 business days shall be deemed to be a
reasonable period of time.

 

Section 4.5 - Rights as Stockholder

 

The holder of an Option shall not be, nor have any of the rights or
privileges of, a stockholder of the Company in respect of any shares
purchasable upon the exercise of the Option or any portion thereof unless and
until certificates representing such shares shall have been issued by the
Company to such holder.

 

ARTICLE V

 

MISCELLANEOUS

 

Section 5.1 - Administration

 

The Committee shall have the power to interpret the Plan and this
Agreement and to adopt such rules for the administration, interpretation
and application of the Plan as are consistent therewith and to interpret or
revoke any such rules. All actions taken and all interpretations and
determinations made by the Committee shall be final and binding upon the
Optionee, the Company and all other interested persons. No member of the
Committee shall be personally liable for any action, determination or interpretation
made in good faith with respect to the Plan or the Option to Purchase. In its
absolute discretion, the Board of Directors may at any time and from time
to time exercise any and all rights and duties of the Committee under the Plan
and this Agreement.

 

Section 5.2  - Option to Purchase Not Transferable

 

Except as provided in the Management Stockholder’s Agreement, neither
the Option to Purchase nor any interest or right therein or part thereof
shall be liable for the debts, contracts or engagements of the Optionee or his
successors in interest or shall be subject to disposition by transfer,
alienation, anticipation, pledge, encumbrance, assignment or any other means
whether such disposition be voluntary or involuntary or by operation of law by
judgment, levy, attachment, garnishment or any other legal or equitable
proceedings (including bankruptcy), and any attempted disposition thereof shall
be null and void and of no effect; provided, however, that this Section 5.2
shall not prevent transfers by will or by the applicable laws of descent and
distribution.

 

Section 5.3 - Shares to Be Reserved

 

The Company shall at all times during the term of the Option to
Purchase reserve and keep available such number of shares of stock as will be
sufficient to satisfy the requirements of this Agreement.

 

Section 5.4 - Notices

 

Any notice to be given under the terms of this Agreement to the Company
shall be addressed to the Company in care of its Secretary, and any notice to
be given to the Optionee

 

 

shall be addressed to him or her at the address indicated in the
records of the headquarters Human Resources Department of the Company. By a
notice given pursuant to this Section 5.4, either party may hereafter
designate a different address for notices to be given. Any notice which is
required to be given to the Optionee shall, if the Optionee is then deceased,
be given to the Optionee’s personal representative if such representative has
previously informed the Company of his status and address by written notice to
the Secretary of the Company under this Section 5.4. Any notice shall be
hand delivered, delivered by overnight delivery or sent via confirmed telecopy.
Any notice to the Optionee may also be delivered via email by the Company
or the Company’s representative to the email address of Optionee indicated in
the records of the headquarters Human Resources Department of the Company.

 

Section 5.5 - Titles

 

Titles are provided herein for convenience only and are not to serve as
a basis for interpretation or construction of this Agreement.

 

Section 5.6 - Applicability of Plan
and Management Stockholder’s Agreement

 

The Option to Purchase and the shares of Common Stock issued to the
Optionee upon exercise of the Option to Purchase shall be subject to all of the
terms and provisions of the Plan and the Management Stockholder’s Agreement. In
the event of any conflict between this Agreement and the Plan, the terms of the
Plan shall control. In the event of any conflict between this Agreement or the
Plan and the Management Stockholder’s Agreement, the terms of the Management
Stockholder’s Agreement shall control.

 

Section 5.7 - Amendment

 

This Agreement may be amended only by a later dated instrument
accepted by the parties hereto which specifically states that it is amending
this Agreement; provided  however that the Committee in its
reasonable discretion may unilaterally amend the Agreement if it
determines that such amendment would be beneficial to the Optionee.

 

Section 5.8 - Governing Law

 

The laws of the State of Delaware shall govern the interpretation,
validity and performance of the terms of this Agreement regardless of the law
that might be applied under principles of conflicts of laws.

 

Section 5.9 - Jurisdiction

 

Any suit, action or proceeding against the Optionee with respect to
this Agreement, or any judgment entered by any court in respect thereof, may be
brought in any court of competent jurisdiction in the State of Connecticut (or
if the Company moves its corporate headquarters to another state, in that
state), and the Optionee hereby submits to the non-exclusive jurisdiction of
such courts for the purpose of any such suit, action, proceeding or judgment. The
Optionee hereby irrevocably waives any objections which he may now or
hereafter have to the laying of the venue of any suit, action or proceeding
arising out of or relating to this Agreement brought in any court of competent
jurisdiction in the State of Connecticut (or if the Company moves its corporate
headquarters to another state, in that state), and hereby further irrevocably
waives any claim that any such suit, action or proceeding brought in any such
court has been brought in any

 

 

inconvenient forum. No suit, action or proceeding against the Company
with respect to this Agreement may be brought in any court, domestic or
foreign, or before any similar domestic or foreign authority other than in a
court of competent jurisdiction in the State of Connecticut (or if the Company
moves its corporate headquarters to another state, in that state), and the
Optionee hereby irrevocably waives any right which he may otherwise have
had to bring such an action in any other court, domestic or foreign, or before
any similar domestic or foreign authority. The Company hereby submits to the
jurisdiction of such courts for the purpose of any such suit, action or
proceeding. The Optionee hereby irrevocably and unconditionally waives trial by
jury in any legal action or proceeding in relation to this Agreement and for
any counterclaim therein.

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