Document:

exv10w37

 

Exhibit 10.37

MOTOROLA, INC.

AWARD DOCUMENT

For the

Motorola Omnibus Incentive Plan of 2006

Terms and Conditions Related to Employee Nonqualified Stock Options

	 	 	 	 	 	 	 	 	 	 	 
	Recipient:

	 	 	 	 	 	Date of Expiration:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 
	Commerce ID#:

	 	 	 	 	 	Number of Options:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 
	Date of Grant:

	 	 	 	 	 	Exercise Price:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 

Motorola, Inc. (“Motorola” or “the Company”) is pleased to grant you options to purchase shares of
Motorola’s common stock under the Motorola Omnibus Incentive Plan of 2006 (the “Plan”). The number
of options (“Options”) awarded to you and the Exercise Price per Option, which is the Fair Market
Value on the Date of Grant, are stated above. Each Option entitles you to purchase one share of
Motorola’s common stock on the terms described below and in the Plan.

Vesting and Exercisability

You cannot exercise the Options until they have vested.

Regular Vesting – The Options will vest in accordance with the following schedule (subject to the
other terms hereof):

	 	 	 	 
	Percent	 	                                            Date	 
	25%

	 	                                           ,
200___	 
	25%

	 	                                           , 200___
	25%

	 	                                           , 200___	 
	25%

	 	                                           , 200___	 

Special Vesting – You may be subject to the Special Vesting Dates described below if your
employment or service with Motorola or a Subsidiary (as defined below) terminates.

Exercisability – You may exercise Options at any time after they vest and before they expire as
described below.

Expiration

All Options expire on the earlier of (1) the Date of Expiration as stated above or (2) any of the
Special Expiration Dates described below. Once an Option expires, you no longer have the right to
exercise it.

Special Vesting Dates and Special Expiration Dates

There are events that cause your Options to vest sooner than the Regular Vesting schedule discussed
above or to expire sooner than the Date of Expiration as stated above. Those events are as
follows:

Disability – If your employment or service with Motorola or a Subsidiary is terminated because of
your Total and Permanent Disability (as defined below), Options that are not vested will
automatically become fully vested upon your termination of employment or service. All your Options
will then expire on the earlier of the first anniversary of your termination of employment or
service because of your Total and Permanent Disability or the Date of Expiration stated above.
Until that time, the Options will be exercisable by you or your guardian or legal representative.

Death – If your employment or service with Motorola or a Subsidiary is terminated because of your
death, Options that are not vested will automatically become fully vested upon your death. All
your Options will then expire on the earlier of the first anniversary of your death or the Date of
Expiration stated above. Until that time, with written proof of death and inheritance, the Options
will be exercisable by your legal representative, legatees or distributees.

 

 

Change In Control – If a “Change in Control” of the Company occurs, and the successor corporation
does not assume these Options or replace them with options that are at least comparable to these
Options, then: (1) all of your unvested Options will be fully vested and (2) all of your Options
will be exercisable until the Date of Expiration set forth above.

Further, with respect to any Options that are assumed or replaced as described in the preceding
paragraph, such assumed or replaced options shall provide that they will be fully vested and
exercisable until the Date of Expiration set forth above if you are involuntarily terminated (for a
reason other than “Cause”) or if you quit for “Good Reason” within 24 months of the Change in
Control. For purposes of this paragraph, the terms “Change in Control”, “Cause” and “Good Reason”
are defined in the Plan.

Termination of Employment or Service Because of Serious Misconduct – If Motorola or a Subsidiary
terminates your employment or service because of Serious Misconduct (as defined below) all of your
Options (vested and unvested) expire upon your termination.

Change in Employment in Connection with a Divestiture — If you accept employment with another
company in direct connection with the sale, lease, outsourcing arrangement or any other type of
asset transfer or transfer of any portion of a facility or any portion of a discrete organizational
unit of Motorola or a Subsidiary, or if you remain employed by a Subsidiary that is sold or whose
shares are distributed to the Motorola stockholders in a spin-off or similar transaction (a
“Divestiture”), all of your unvested Options will automatically expire upon termination of your
employment with Motorola, and all of your vested but not yet exercised Options will expire on the
earlier of (i) 90 days after such Divestiture or (ii) the Date of Expiration stated above.

Termination of Employment or Service by Motorola or a Subsidiary Other than for Serious Misconduct
or a Divestiture– If Motorola or a Subsidiary on its initiative, terminates your employment or
service other than for Serious Misconduct or a Divestiture, all of your unvested Options will
automatically expire upon termination and all of your vested but not yet exercised Options will
expire on the earlier of (i) 90 days after your termination of employment or (2) the Date of
Expiration stated above..

Termination of Employment or Service for any Other Reason than Described Above – If your employment

or service with Motorola or a Subsidiary terminates for any reason other than that described above,
including voluntary resignation of your employment or service, all of your unvested Options will
automatically expire upon termination of your employment or service and all of your vested but not
yet exercised Options will expire on the earlier of (i) the date ninety (90) days after the date
of termination of your employment or service or (ii) the Date of Expiration stated above.

Leave of Absence/Temporary Layoff

If you take a Leave of Absence from Motorola or a Subsidiary that your employer has approved in
writing in accordance with your employer’s Leave of Absence Policy and which does not constitute a
termination of employment as determined by Motorola, or you are placed on Temporary Layoff (as
defined below) by Motorola or a Subsidiary the following will apply:

Vesting of Options – Options will continue to vest in accordance with the vesting schedule set
forth above.

Exercising Options – You may exercise Options that are vested or that vest during the Leave of
Absence or Temporary Layoff.

Effect of Termination of Employment or Service – If your employment or service is terminated during
the Leave of Absence or Temporary Layoff, the treatment of your Options will be determined as
described under “Special Vesting Dates and Special Expiration Dates” above.

Other Terms

Method of Exercising – You must follow the procedures for exercising options established by
Motorola from time to time. At the time of exercise, you must pay the Exercise Price for all of
the Options being exercised and any taxes that are required to be withheld by Motorola or a
Subsidiary in connection with the exercise. Options may not be exercised for less than 50 shares
unless the number of shares represented by the Option is less than 50 shares, in which case the
Option must be exercised for the remaining amount.

Transferability – Unless the Committee provides, Options are not transferable other than by will or
the laws of descent and distribution.

 

 

Tax Withholding – Motorola or a Subsidiary is entitled to withhold an amount equal to the required
minimum statutory withholding taxes for the
respective tax jurisdictions attributable to any share of common stock deliverable in connection
with the exercise of the Options. You may satisfy any minimum withholding obligation and any
additional withholding, if desired, by electing to have the plan administrator retain Option shares
having a Fair Market Value on the date of exercise equal to the amount to be withheld.

Definition of Terms

If a term is used but not defined, it has the meaning given such term in the Plan.

“Confidential Information” means information concerning the Company and its business that is not
generally known outside the Company, and includes (A) trade secrets; (B) intellectual property; (C)
the Company’s methods of operation and Company processes; (D) information regarding the Company’s
present and/or future products, developments, processes and systems, including invention
disclosures and patent applications; (E) information on customers or potential customers, including
customers’ names, sales records, prices, and other terms of sales and Company cost information; (F)
Company personnel data; (G) Company business plans, marketing plans, financial data and
projections; and (H) information received in confidence by the Company from third parties.
Information regarding products, services or technological innovations in development, in test
marketing or being marketed or promoted in a discrete geographic region, which information the
Company or one of its affiliates is considering for broader use, shall be deemed generally known
until such broader use is actually commercially implemented.

“Fair Market Value” is the closing price for a share of Motorola common stock on the date of grant
or date of exercise, whichever is applicable. The official source for the closing price is the New
York Stock Exchange Composite Transaction as reported in the Wall Street Journal, Midwest edition.

“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.

“Subsidiary” means an entity of which Motorola owns directly or indirectly at least 50% and that
Motorola consolidates for financial reporting purposes.

“Total and Permanent Disability” means for (x) U.S. employees, entitlement to long-term disability
benefits under the Motorola Disability Income Plan, as amended and any successor plan or a
determination of a permanent and total disability under a state workers compensation statute and
(y) non-U.S. employees, as established by applicable Motorola policy or as required by local
regulations.

“Temporary Layoff” means a layoff or redundancy that is communicated as being for a period of up to
twelve months and as including a right to recall under defined circumstances.

Consent to Transfer Personal Data

By accepting this award, you voluntarily acknowledge and consent to the collection, use, processing
and transfer of personal data as described in this paragraph. You are not obliged to consent to
such collection, use, processing and transfer of personal data. However, failure to provide the
consent may affect your ability to participate in the Plan. Motorola, its Subsidiaries and your
employer hold certain personal information about you, that may include your name, home address and
telephone number, date of birth, social security number or other employee identification number,
salary, salary grade, hire date, nationality, job title, any shares of stock held in Motorola, or
details of all options or any other entitlement to shares of stock awarded, canceled, purchased,
vested, or unvested, for the purpose of managing and administering the Plan (“Data”). Motorola
and/or its Subsidiaries will transfer Data amongst themselves as necessary for the purpose of
implementation, administration and management of your participation in the Plan, and Motorola
and/or any of its Subsidiaries may each further transfer Data to any third parties assisting
Motorola in the implementation, administration and management of the Plan. These recipients may be
located throughout the world, including the United States. You authorize them to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the purposes of implementing,
administering and managing your participation in the Plan, including any requisite transfer of such
Data as may be required for the administration of the Plan and/or the subsequent holding of shares
of stock on your behalf to a broker or other third party with whom you may elect to deposit any
shares of stock acquired pursuant to the Plan. You may, at any time, review Data, require any
necessary amendments to it or withdraw the consents herein in writing by contacting Motorola;
however, withdrawing your consent may affect your ability to participate in the Plan.

 

 

Acknowledgement of Discretionary Nature of the Plan; No Vested Rights

You acknowledge and agree that the Plan is discretionary in nature and limited in duration, and may
be amended, cancelled, or terminated by Motorola or a Subsidiary, in its sole discretion, at any
time. The grant of awards under the Plan is a one-time benefit and does not create any contractual
or other right to receive an award in the future or to future employment. Nor shall this or any
such grant interfere with your right or the Company’s right to terminate such employment
relationship at any time, with or without cause, to the extent permitted by applicable laws and any
enforceable agreement between you and the Company. Future grants, if any, will be at the sole
discretion of Motorola, including, but not limited to, the timing of any grant, the amount of the
award, vesting provisions, and the exercise price.

No Relation to Other Benefits/Termination Indemnities

Your acceptance of this award and participation under the Plan is voluntary. The value of
your stock option awarded herein is an extraordinary item of compensation outside the scope of your
employment contract, if any. As such, the stock option is not part of normal or expected
compensation for purposes of calculating any severance, resignation, redundancy, end of service
payments, bonuses, long-service awards, pension, or retirement benefits or similar payments,
notwithstanding any provision of any compensation, insurance agreement or benefit plan to the
contrary.

Agreement Following Termination of Employment

As a further condition of accepting the Options, you acknowledge and agree that for a period of one
year following your termination of employment or service, you will not hire, recruit, solicit or
induce, or cause, allow, permit or aid others to hire, recruit, solicit or induce, or to
communicate in support of those activities, any employee of Motorola or a Subsidiary who possesses
Confidential Information of Motorola or a Subsidiary to terminate his/her employment with

Motorola
or a Subsidiary and/or to seek employment with your new or prospective employer, or any other
company.

You agree that upon termination of employment with Motorola or a Subsidiary, and for a period of
one year thereafter, you will immediately inform Motorola of (i) the identity of your new employer
(or the nature of any start-up business or self-employment), (ii) your new title, and (iii) your
job duties and responsibilities. You hereby authorize Motorola or a Subsidiary to provide a copy
of this Award Document to your new employer. You further agree to provide information to Motorola
or a Subsidiary as may from time to time be requested in order to determine your compliance with
the terms hereof.

Substitute Stock Appreciation Right

Motorola reserves the right to substitute a Stock Appreciation Right for your Option in the event
certain changes are made in the accounting treatment of stock options. Any substitute Stock
Appreciation Right shall be applicable to the same number of shares as your Option and shall have
the same Date of Expiration, Exercise Price, and other terms and conditions. Any substitute Stock
Appreciation Right may be settled only in common stock.

Acceptance of Terms and Conditions

By accepting the Options, you agree to be bound by these terms and conditions, the Plan, any and
all rules and regulations established by Motorola in connection with awards issued under the Plan,
and any additional covenants or promises Motorola may require as a condition of the grant.

Other Information about Your Options and the Plan

You can find other information about options and the Plan on the Motorola website http://myhr.mot.com/pay_finances/ awards_incentives/stock_options/plan_documents.jsp If you do not
have access to the website, please contact Motorola Global Rewards, 1303 E. Algonquin Road,
Schaumburg, IL 60196 USA; GBLRW01@Motorola.com; 847-576-7885; for an order form to request Plan
documents.exv10w38

 

Exhibit 10.38

RSU Form

General Employees

RESTRICTED STOCK UNIT AWARD AGREEMENT 

     This Restricted Stock Unit Award (“Award”) is awarded on «Grant_date» (“Date of
Grant”), by Motorola, Inc. (the “Company” or “Motorola”) to «First_Name»
«Last_Name» (the “Grantee”).

     WHEREAS, Grantee is receiving the Award under the Motorola Omnibus Incentive Plan of 2006, as
amended (the “2006 Incentive Plan”);

     WHEREAS, the Award is being made as a special grant of Motorola restricted stock units
authorized by the Board of Directors and the Board’s Compensation and Leadership Committee (the
“Compensation Committee”); and

     WHEREAS, it is a condition to Grantee receiving the Award that Grantee electronically accept
the terms, conditions and Restrictions applicable to the restricted stock units as set forth in
this agreement.

     NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good
and valuable consideration, the Company hereby awards restricted stock units to Grantee on the
following terms and conditions:

	1.	 	Award of Restricted Stock Units. The Company hereby grants to Grantee a total of
«Txt_Nbr_of_Shares» («Whole_Nbr_of_Shares») Motorola restricted stock units (the
“Units”) subject to the terms and conditions set forth below. All Awards shall be
paid in whole shares of Motorola Common Stock (“Common Stock”); no fractional shares shall
be credited of delivered to Grantee.
	 
	2.	 	Restrictions. The Units are being awarded to Grantee subject to the transfer and
forfeiture conditions set forth below (the “Restrictions”) which shall lapse, if
at all, as described in Section 3 below. For purposes of this Award, the term Units
includes any additional Units granted to the Grantee with respect to Units, still subject
to the Restrictions.

	 	a.	 	Grantee may not directly or indirectly, by operation of law or
otherwise, voluntarily or involuntarily, sell, assign, pledge, encumber, charge
or otherwise transfer any of the Units still subject to Restrictions. The Units
shall be forfeited if Grantee violates or attempts to violate these transfer
Restrictions. Motorola shall have the right to assign this Agreement, which
shall not affect the validity or enforceability of this Agreement. This
Agreement shall inure to the benefit of assigns and successors of Motorola.
	 
	 	b.	 	Any Units still subject to the Restrictions shall be (x) automatically
forfeited upon the Grantee’s termination of employment with Motorola or a
Subsidiary for any reason other than death, Total and Permanent Disability, or
Involuntary Termination due to (i) a Divestiture or (ii) for a reason other
than for Serious Misconduct, and (y) at the discretion of the Compensation
Committee forfeited, if the Grantee is not an appointed vice president or
officer of Motorola at the end of the “Restriction Period” as defined below.
For purposes of this Agreement, a “Subsidiary” is any corporation or other
entity in which a 50 percent or greater interest is held directly or indirectly
by Motorola and which is consolidated for
financial reporting purposes. Total and Permanent Disability is defined in
Section 3(a).

 

 

	 	c.	 	If Grantee is a vice president or elected officer on the date of the
Award, or has been approved to become a vice president or elected officer on
the date of the Award, and Grantee engages in any of the following conduct, in addition to all remedies in law and/or equity
available to the Company or any Subsidiary, Grantee shall forfeit all
restricted stock units under the Award whose Restrictions have not lapsed, and,
for all restricted stock units under the Award whose Restrictions have lapsed,
Grantee shall immediately pay to the Company the Fair Market Value (as defined
in paragraph 7 below) of Motorola Common Stock (“Common Stock”) on the date(s)
such Restrictions lapsed, without regard to any taxes that may have been
deducted from such amount. For purposes of subparagraphs (i) through and
including (iii) below, “Company” or “Motorola” shall mean Motorola Inc. and/or
any of its Subsidiaries:

	 	(i)	 	During the course of Grantee’s employment and
thereafter, Grantee uses or discloses, except on behalf of the
Company and pursuant to the Company’s directions, any Company Confidential Information. “Confidential
Information” means information concerning the Company and its
business that is not generally known outside the Company, and
includes (A) trade secrets; (B) intellectual property; (C) the
Company’s methods of operation and Company processes; (D)
information regarding the Company’s present and/or future products,
developments, processes and systems, including invention
disclosures and patent applications; (E) information on customers
or potential customers, including customers’ names, sales records,
prices, and other terms of sales and Company cost information; (F)
Company personnel data; (G) Company business plans, marketing
plans, financial data and projections; and (H) information received
in confidence by the Company from third parties. Information
regarding products, services or technological innovations in
development, in test marketing or being marketed or promoted in a
discrete geographic region, which information the Company or one of
its affiliates is considering for broader use, shall be deemed
not generally known until such broader use is actually commercially
implemented; and/or
	 
	 	(ii)	 	During Grantee’s employment and for a period of one year
following the termination of Grantee’s employment for any
reason, Grantee hires, recruits, solicits or induces, or
causes, allows, permits or aids others to hire, recruit, solicit or
induce, or to communicate in support of those activities, any
employee of the Company who possesses Confidential Information of
the Company to terminate his/her employment with the Company and/or
to seek employment with Grantee’s new or prospective employer, or
any other company; and/or

 

 

	 	(iii)	 	During Grantee’s employment and for a period of one year
following the termination of Grantee’s employment for any
reason, Grantee, directly or indirectly, on behalf of Grantee or any
other person, company or entity, solicits or participates in soliciting,
products or services
competitive with or similar to products or services offered by, manufactured
by, designed by or distributed by the Company to any person, company or
entity which was a customer or potential customer for such products or
services and with which Grantee had direct or indirect contact regarding
those products or services or about which Grantee learned Confidential
Information at any time during the two years prior to Grantee’s termination
of employment with the Company.

	 	(d)	 	If Grantee is not a vice president or elected officer on the date
of the Award, or has not been approved to become a vice president or
elected officer on the date of the Award, and Grantee engages in any of the
conduct outlined in paragraph 2(c)(i) or (ii) above,
in addition, to all remedies in law and/or equity available to the Company
or any Subsidiary, Grantee shall forfeit all restricted stock units under
the Award whose Restrictions have not lapsed, and, for all restricted stock
units under the Award whose Restrictions have lapsed, Grantee shall
immediately pay to the Company the Fair Market Value (as defined in
paragraph 7 below) of Motorola Common Stock (“Common Stock”) on the date(s)
such Restrictions lapsed, without regard to any taxes that may have been
deducted from such amount. For purposes of paragraphs 2(c)(i) and (ii)
above, “Company” or “Motorola” shall mean Motorola Inc. and/or any of its
Subsidiaries.

The Company will not be obligated to pay Grantee any consideration whatsoever for forfeited Units.

	3.	 	Lapse of Restrictions.

	 	a.	 	Except as set forth in Section 3(b) below, the Restrictions applicable
to the Units shall lapse, as long as the Units have not been forfeited as
described in Section 2 above, as follows:

	 	(i)	 	«Vesting_Schedule» (the “Restriction Period”);
	 
	 	(ii)	 	If a Change in Control of the Company occurs and the
successor corporation (or parent thereof) does not assume this
Award or replace it with a comparable award; provided, further,
that with respect to any Award that is assumed or replaced, such
assumed or replaced awards shall provide that the Restrictions
shall lapse for any Participant that is involuntarily terminated
(for a reason other than “Cause”) or quits for “Good Reason” within
24 months of the Change in Control. For purposes of this
paragraph, the terms “Change in Control”, “Cause” and “Good Reason”
are defined in the 2006 Incentive Plan;

 

 

	 	(iii)	 	Upon termination of Grantee’s employment by Motorola or
a Subsidiary by Total and Permanent Disability. “Total and
Permanent Disability” means for (x) U.S. employees, entitlement to
long term disability benefits under the Motorola Disability Income
Plan, as
amended and any successor plan or a determination of a permanent
and total disability under a state workers compensation statute
and (y) non-U.S. employees, as established by applicable
Motorola policy or as required by local regulations; or
	 
	 	(iv)	 	If the Grantee dies.

	 	b.	 	In the case of Involuntary Termination due to (i) a Divestiture or (ii)
for a reason other than for Serious Misconduct before the expiration of the
Restriction Period, if the Units have not been forfeited as described in
Section 2 above, then the Restrictions shall lapse on a pro rata basis
determined by dividing (i) the number of completed full years of service by the
Grantee from the Award Date to the employee’s date of termination by (ii) the
total length of the Restriction Period.
	 
	 	c.	 	“Termination due to a Divestiture” for purposes of this Agreement means
if Grantee accepts employment with another company in direct connection with
the sale, lease, outsourcing arrangement or any other type of asset transfer or
transfer of any portion of a facility or any portion of a discrete
organizational unit of Motorola or a Subsidiary, or if Grantee remains employed
by a Subsidiary that is sold or whose shares are distributed to the Motorola
stockholders in a spin-off or similar transaction (a “Divestiture”).
	 
	 	d.	 	“Serious Misconduct” for purposes of this Agreement 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
	 
	 	e.	 	If, during the Restriction Period, the Grantee takes a Leave of Absence
from Motorola or a Subsidiary, the Units will continue to be subject to this
Agreement. If the Restriction Period expires while the Grantee is on a Leave
of Absence the Grantee will be entitled to the Units even if the Grantee has
not returned to active employment. “Leave of Absence” means an approved leave
of absence from Motorola or a Subsidiary that is not a termination of
employment, as determined by Motorola.
	 
	 	f.	 	To the extent the Restrictions lapse under this Section 3 with respect
to the Units, they will be free of the terms and conditions of this Award.

	4.	 	Adjustments. If the number of outstanding shares of Common Stock is changed as a
result of a stock split or the like without additional consideration to the Company, the
number of Units subject to this Award shall be adjusted to correspond to the change in the
outstanding shares of Common Stock.
	 
	5.	 	Dividends. No dividends (or dividend equivalents) shall be paid with respect to
Units credited to the Grantee’s account.

 

 

	6.	 	Delivery of Certificates or Equivalent. Upon the lapse of Restrictions
applicable to the Units, the Company shall, at its election, either (i) deliver to the
Grantee a certificate representing a number of shares of Common Stock equal to the number
of Units upon which such
Restrictions have lapsed, or (ii) establish a brokerage account for the Grantee and
credit to that account the number of shares of Common Stock of the Company equal to the
number of Units upon which such Restrictions have lapsed plus.
	 
	7.	 	Withholding Taxes. The Company is entitled to withhold applicable taxes for the
respective tax jurisdiction attributable to this Award or any payment made in connection
with the Units. Grantee may satisfy any minimum withholding obligation and any additional
withholding, if desired, by electing to have the plan administrator retain shares of
Common Stock deliverable in connection with the Units having a Fair Market Value on the
date the Restrictions applicable to the Units lapse equal to the amount to be withheld.
“Fair Market Value” for this purpose shall be the closing price for a share of Common
Stock on the day the Restrictions applicable to the Units lapse as reported for the New
York Stock Exchange- Composite Transactions in the Wall Street Journal, Midwest edition.
	 
	8.	 	Voting and Other Rights.

	 	a.	 	Grantee shall have no rights as a stockholder of the Company in
respect of the Units, including the right to vote and to receive cash
dividends and other distributions until delivery of certificates
representing shares of Common Stock in satisfaction of the Units.
	 
	 	b.	 	The grant of Units does not confer upon Grantee any right to
continue in the employ of the Company or a Subsidiary or to interfere with
the right of the Company or a Subsidiary, to terminate Grantee’s employment
at any time.

	9.	 	Agreement Following Termination of Employment. Grantee agrees that upon termination of
employment with Motorola or a Subsidiary, Grantee will immediately inform Motorola of (a) the
identity of any new employer (or the nature of any start-up business or self-employment), (b)
Grantee’s new title, and (c) Grantee’s job duties and responsibilities. Grantee hereby
authorizes Motorola or a Subsidiary to provide a copy of this Award Document to Grantee’s new
employer. Grantee further agrees to provide information to Motorola or a Subsidiary as may
from time to time be requested in order to determine his/her compliance with the terms hereof.
	 
	10.	 	Consent to Transfer Personal Data. By accepting this award, Grantee voluntarily
acknowledges and consents to the collection, use, processing and transfer of personal data
as described in this paragraph. Grantee is not obliged to consent to such collection,
use, processing and transfer of personal data. However, failure to provide the consent
may affect Grantee’s ability to participate in the Plan. Motorola, its Subsidiaries and
Grantee’s employer hold certain personal information about the Grantee, that may include
his/her name, home address and telephone number, date of birth, social security number or
other employee identification number, salary grade, hire data, salary, nationality, job
title, any shares of stock held in Motorola, or details of all restricted stock units or
any other entitlement to shares of stock awarded, canceled, purchased, vested, or
unvested, for the purpose of managing and administering the Plan (“Data”). Motorola
and/or its Subsidiaries will transfer Data amongst themselves as necessary for the purpose
of implementation, administration and management of Grantee’s participation in the Plan,
and Motorola and/or any of its Subsidiaries may each further transfer Data to any third
parties assisting Motorola in the implementation, administration and management of the
Plan. These recipients may be located throughout the
world, including the United States. Grantee’s authorizes them to receive, possess, use,
retain and transfer the Data, in electronic or other form, for the purposes of
implementing, administering and managing Grantee’s participation in the Plan, including
any requisite transfer of such Data as may be required for the administration of the
Plan and/or the subsequent holding of shares of stock on the Grantee’s behalf to a
broker or other third party with whom the Grantee may elect to deposit any shares of
stock acquired pursuant to the Plan. Grantee may, at any time, review Data, require any
necessary amendments to it or withdraw the consents herein in writing by contacting
Motorola; however, withdrawing consent may affect the Grantee’s ability to participate
in the Plan.

 

 

	11.	 	Nature of Award. By accepting this Award Agreement, the Grantee acknowledges his
or her understanding that the grant of Units under this Award Agreement is completely at
the discretion of Motorola, and that Motorola’s decision to make this Award in no way
implies that similar awards may be granted in the future or that Grantee has any guarantee
of future employment. Nor shall this or any such grant interfere with Grantee’s right or
the Company’s right to terminate such employment relationship at any time, with or without
cause, to the extent permitted by applicable laws and any enforceable agreement between
Grantee and the Company. In addition, the Grantee hereby acknowledges that he or she has
entered into employment with Motorola or a Subsidiary upon terms that did not include this
Award or similar awards, that his or her decision to continue employment is not dependent
on an expectation of this Award or similar awards, and that any amount received under this
Award is considered an amount in addition to that which the Grantee expects to be paid for
the performance of his or her services. Grantee’s acceptance of this Award is voluntary.
The Award is not part of normal or expected compensation for purposes of calculating any
severance, resignation, redundancy, end of service payments, bonuses, long-service awards,
pension, or retirement benefits or similar payments, notwithstanding any provision of any
compensation, insurance agreement or benefit plan to the contrary.
	 
	12.	 	Remedies for Breach. Grantee hereby acknowledges that the harm caused to the
Company by the breach or anticipated breach of paragraphs 2(c)(i), (ii) and/or (iii) of
this Agreement will be irreparable and further agrees the Company may obtain injunctive
relief against the Grantee in addition to and cumulative with any other legal or equitable
rights and remedies the Company may have pursuant to this Agreement, any other agreements
between the Grantee and the Company for the protection of the Company’s Confidential
Information, or law, including the recovery of liquidated damages. Grantee agrees that
any interim or final equitable relief entered by a court of competent jurisdiction, as
specified in paragraph 15 below, will, at the request of the Company, be entered on
consent and enforced by any such court having jurisdiction over the Grantee. This relief
would occur without prejudice to any rights either party may have to appeal from the
proceedings that resulted in any grant of such relief.
	 
	13.	 	Acknowledgements. With respect to the subject matter of paragraphs 2(c)(i),
(ii), and (iii), and paragraphs 12 and 15 hereof, this Agreement is the entire agreement
with the Company and supercedes any prior restricted stock unit award agreement regarding
the same subject matter. No waiver of any breach of any provision of this Agreement by
the Company shall be construed to be a waiver of any succeeding breach or as a
modification of such provision. The provisions of this Agreement shall be severable and
in the event that any provision of this Agreement shall be found by any court as specified
in paragraph 15 below to be
unenforceable, in whole or in part, the remainder of this Agreement shall nevertheless
be enforceable and binding on the parties. Grantee hereby agrees that the court may
modify any invalid, overbroad or unenforceable term of this Agreement so that such term,
as modified, is valid and enforceable under applicable law. Further, by accepting any
Award under this Agreement, Grantee affirmatively states that (s)he has not, will not
and cannot rely on any representations not expressly made herein.

 

 

	14.	 	Funding. No assets or shares of Common Stock shall be segregated or earmarked by
the Company in respect of any Units awarded hereunder. The grant of Units hereunder shall
not constitute a trust and shall be solely for the purpose of recording an unsecured
contractual obligation of the Company.
	 
	15.	 	Governing Law. All questions concerning the construction, validity and
interpretation of this Award shall be governed by and construed according to the law of
the State of Illinois without regard to any state’s conflicts of law principles. Any
disputes regarding this Award or Agreement shall be brought only in the state or federal
courts of Illinois.
	 
	16.	 	Waiver. The failure of the Company to enforce at any time any provision of this
Award shall in no way be construed to be a waiver of such provision or any other provision
hereof.
	 
	17.	 	Actions by the Compensation Committee. The Committee may delegate its authority
to administer this Agreement. The actions and determinations of the Compensation
Committee or delegate shall be binding upon the parties.
	 
	18.	 	Acceptance of Terms and Conditions. By electronically accepting this Award
within 30 days after the date of the electronic mail notification by the Company to
Grantee of the grant of this Award (“Email Notification Date”), Grantee agrees to be bound
by the foregoing terms and conditions, the 2006 Incentive Plan and any and all rules and
regulations established by Motorola in connection with awards issued under the 2006
Incentive Plan. If Grantee does not electronically accept this Award within 30 days of
the Email Notification Date, Grantee will not be entitled to the Units.
	 
	19.	 	Plan Documents. The 2006 Incentive Plan and the Prospectus for the 2006
Incentive Plan are available at http://myhr.mot.com/pay_finances/awards_incentives/
stock_options/plan_documents.jsp or from Global Rewards, 1303 East Algonquin Road,
Schaumburg, IL 60196 (847) 576-7885.

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