Document:

Exhibit
10.34

MARVELL TECHNOLOGY GROUP LTD.

AMENDED AND RESTATED

1995 STOCK OPTION PLAN

NOTICE OF STOCK UNIT AWARD

You
have been granted Stock Units representing shares of Common Stock of Marvell
Technology Group Ltd. (the “Company”) on the following terms and pursuant to
such other terms and conditions as are set forth in the Stock Unit Agreement
and the Amended and Restated 1995 Stock Option Plan (the “Plan”), both of which
are attached to and made a part of this document.  Certain capitalized terms used in this Notice
of Stock Unit Award are defined in the Plan.

	
  Name of Participant:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Total
  Number of Stock Units Granted:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date of
  Grant:

  	
   

  	
                                ,      

  
	
   

  	
   

  	
   

  
	
  Vesting
  Start Date:

  	
   

  	
                                ,      

  
	
   

  	
   

  	
   

  
	
  Vesting
  Schedule:

  	
   

  	
  [20]% of the Stock Units subject to this award vest
  after the first anniversary of the Vesting Start Date and the remaining [80]%
  of the Stock Units subject to this award vest in equal quarterly installments
  following the first anniversary of the Vesting Start Date, subject to your
  Continuous Service.

  

 

By
signing this document, you acknowledge receipt of a copy of the Plan, and agree
that (a) these Stock Units are granted under and governed by the terms and
conditions of the Plan and the Stock Unit Agreement; (b) you have carefully
read, fully understand and agree to all of the terms and conditions described
in the attached Stock Unit Agreement and the Plan; (c) you understand and agree
that the Stock Unit Agreement, including its cover sheet and attachments,
constitutes the entire understanding between you and the Company regarding this
Award, and that any prior agreements, commitments or negotiations concerning
this Award are replaced and superseded; and (d) you have been given an
opportunity to consult legal counsel with respect to all matters relating to
this Award prior to signing this cover sheet and that you have either consulted
such counsel or voluntarily declined to consult such counsel.  The Stock Unit Agreement and prospectus are
available on the Company’s website at https://intranet/stockselfservice or by
request from the Company’s Stock Administration Department.  You hereby
agree that these documents are deemed to be delivered to you.

	
  [NAME OF PARTICIPANT]

  	
   

  	
  MARVELL TECHNOLOGY GROUP LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Its:

  	
   

  	
   

  
	
  Print Name

  	
   

  	
   

  
							

 

MARVELL TECHNOLOGY GROUP LTD.

AMENDED AND RESTATED

1995 STOCK OPTION PLAN

STOCK UNIT AGREEMENT

	
  Payment for Stock Units

  	
   

  	
  No payment is required for the Stock Units you
  receive.

  
	
   

  	
   

  	
   

  
	
  Vesting

  	
   

  	
  Subject to the terms and conditions of the Plan and
  this Stock Unit Agreement (the “Agreement”), your Stock Units vest in
  accordance with the schedule set forth in the Notice of Stock Unit Award.

  
	
   

  	
   

  	
   

  
	
  Forfeiture

  	
   

  	
  When your common-law employment with the Company or
  a Subsidiary terminates for any reason, vesting of your Stock Units subject
  to such Award immediately stops and such Award expires immediately as to the
  number of Stock Units that are not vested as of the date such Continuous
  Service terminates.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  This means that the unvested Stock Units will
  immediately be cancelled. You receive no payment for Stock Units that are
  forfeited.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  The Company determines when your Continuous Service
  terminates for this purpose and all purposes under the Plan.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  If you go on a leave of absence for any reason, then
  unless otherwise adjusted in accordance with the Company’s leave of absence
  policy or the terms of your leave, the vesting schedule specified in the
  Notice of Stock Unit Award will be adjusted to suspend
  vesting after the first 90 days of leave unless you return to work
  on or before the 91st day following commencement of the leave.

  
	
   

  	
   

  	
   

  
	
  Nature of Stock Units

  	
   

  	
  Your Stock Units are mere bookkeeping entries. They
  represent only the Company’s unfunded and unsecured promise to issue shares
  of Common Stock (or distribute cash) on a future date. As a holder of Stock
  Units, you have no rights other than the rights of a general creditor of the
  Company.

  
	
   

  	
   

  	
   

  
	
  No Voting Rights or Dividends

  	
   

  	
  Your Stock Units carry neither voting rights nor
  rights to dividends. You, or your estate or heirs, have no rights as a
  stockholder of the Company unless and until your Stock Units are settled by
  issuing shares of the Company’s Common Stock. No adjustments will be made for
  dividends or other rights if the applicable record date occurs before your
  stock certificate is issued, except as described in

  

 

 

	
  

  	
   

  	
  the Plan.

  
	
   

  	
   

  	
   

  
	
  Stock Units Nontransferable

  	
   

  	
  You may not sell, transfer, assign, pledge or
  otherwise dispose of any Stock Units. For instance, you may not use your
  Stock Units as security for a loan.

  
	
   

  	
   

  	
   

  
	
  Settlement of Stock Units

  	
   

  	
  Each of your Stock Units will be settled when it
  vests.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  At the time of settlement, you will receive one
  share of the Company’s Common Stock for each vested Stock Unit; provided,
  however, that no fractional Share will be issued or delivered pursuant to the
  Plan or this Agreement, and the Administrator will determine whether cash
  will be paid in lieu of any fractional Share or whether such fractional Share
  and any rights thereto will be canceled, terminated or otherwise eliminated.

  
	
   

  	
   

  	
   

  
	
  Withholding Taxes and Stock Withholding

  	
   

  	
  Notwithstanding any contrary provision of this
  Agreement, no certificate representing the Shares will be issued to you
  unless and until satisfactory arrangements (as determined by the Company)
  will have been made by you with respect to the payment of income, employment
  and other taxes which the Company determines must be withheld with respect to
  such Shares so issuable (the “Withholding Taxes”).

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  In its discretion, the Company may withhold
  otherwise deliverable Shares upon vesting of Stock Units, according to the
  vesting schedule, having a Fair Market Value equal to the minimum amount
  required to be withheld for the payment of the Withholding Taxes pursuant to
  such procedures as the Company may specify from time to time. The Company
  will not retain fractional Shares to satisfy any portion of the Withholding
  Taxes. If the Company determines that the withholding of whole Shares results
  in an over-withholding to meet the minimum tax withholding requirements, a
  reimbursement will be made to you as soon as administratively possible.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  The Company may also provide for the payment of
  Withholding Taxes, in whole or in part, by one of the additional following
  alternatives:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (a) you provide irrevocable instructions to a
  Company-designated broker to deliver cash to the Company (or your employer)
  from your previously established account with such broker equal to the
  Withholding Taxes; or

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (b) you provide irrevocable instructions to a
  Company-designated broker to sell a sufficient number of Shares otherwise
  deliverable to you having a Fair Market Value equal to the Withholding Taxes,
  provided that such sale does not violate Company policy or

  

 

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  applicable laws.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  If you fail to make satisfactory arrangements for
  the payment of the Withholding Taxes hereunder at the time any applicable
  Stock Units otherwise are scheduled to vest pursuant to the vesting schedule,
  you will permanently forfeit such Stock Units and any Shares otherwise
  deliverable with respect thereto, and the Stock Units will be returned to the
  Company at no cost to the Company.

  
	
   

  	
   

  	
   

  
	
  Restrictions on Resale

  	
   

  	
  By signing this Agreement, you agree not to sell any
  shares of the Company’s Common Stock issued upon settlement of the Stock
  Units at a time when applicable laws or Company policies prohibit a sale.
  This restriction will apply as long as you are an employee, consultant or
  director of the Company or a subsidiary of the Company.

  
	
   

  	
   

  	
   

  
	
  Adjustments

  	
   

  	
  In the event of a stock split, a stock dividend or a
  similar change in Company stock, the number of Stock Units covered by this
  Award may be adjusted pursuant to the Plan.

  
	
   

  	
   

  	
   

  
	
  Beneficiary Designation

  	
   

  	
  You may dispose of your Stock Units in a written
  beneficiary designation. A beneficiary designation must be filed with the
  Company on the proper form. It will be recognized only if it has been
  received at the Company’s headquarters before your death. If you file no
  beneficiary designation or if none of your designated beneficiaries survives
  you, then your estate will receive any vested Stock Units that you hold at
  the time of your death.

  
	
   

  	
   

  	
   

  
	
  Entire Agreement; Governing Law

  	
   

  	
  The Plan is incorporated herein by reference. The
  Plan, the Notice of Stock Unit Award and this Agreement constitute the entire
  agreement of the parties with respect to the subject matter hereof and
  supersede in their entirety all prior undertakings and agreements and all
  contemporaneous oral undertakings and agreements of the Company and you with
  respect to the subject matter hereof, including but not limited to the grant
  or promise of any right or option to purchase shares of capital stock of the
  Company to you pursuant to any employment agreement or offer letter delivered
  by the Company to you or otherwise, and may not be modified to materially and
  adversely affect your interest except by means of a writing signed by the
  Company and you. This Agreement is governed by California law except for that
  body of law pertaining to its conflict of laws.

  
	
   

  	
   

  	
   

  
	
  Acknowledgments

  	
   

  	
  YOU ACKNOWLEDGE AND AGREE THAT THE VESTING OF THE
  STOCK UNITS SUBJECT TO THIS AWARD IS EARNED ONLY BY CONTINUING CONSULTANCY OR
  EMPLOYMENT AT THE WILL OF THE COMPANY (NOT THROUGH ANY

  

 

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  OTHER MEANS, INCLUDING WITHOUT LIMITATION, THE ACT
  OF BEING HIRED, BEING GRANTED THIS AWARD OR ACQUIRING SHARES HEREUNDER). YOU
  FURTHER ACKNOWLEDGE AND AGREE THAT NOTHING IN THIS AGREEMENT, NOR IN THE PLAN
  WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON YOU ANY RIGHT
  WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR
  SHALL IT INTERFERE IN ANY WAY WITH YOUR RIGHT OR THE COMPANY’S RIGHT TO
  TERMINATE YOUR EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  You hereby authorize and direct your employer to
  disclose to the Company or any subsidiary any information regarding your
  employment, the nature and amount of the your compensation and the fact and
  conditions of your participation in the Plan, as your employer deems
  necessary or appropriate to facilitate the administration of the Plan.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  You consent to the collection, use and transfer of
  personal data as described in this paragraph. You understand and acknowledge
  that the Company, your employer and the Company’s other subsidiaries hold
  certain personal information regarding you for the purpose of managing and
  administering the Plan, including (without limitation) your name, home
  address, telephone number, date of birth, social insurance number, salary,
  nationality, job title, any shares or directorships held in the Company and
  details of all options or any other entitlements to shares awarded, canceled,
  exercised, vested, unvested or outstanding in the your favor (the “Data”).
  You further understand and acknowledge that the Company and/or its
  subsidiaries will transfer Data among themselves as necessary for the purpose
  of implementation, administration and management of your participation in the
  Plan and that the Company and/or any subsidiary may each further transfer
  Data to any third party assisting the Company in the implementation,
  administration and management of the Plan. You understand and acknowledge
  that the recipients of Data may be located in the United States or elsewhere.
  You authorize such recipients to receive, possess, use, retain and transfer
  Data, in electronic or other form, for the purpose of administering your
  participation in the Plan, including a transfer to any broker or other third
  party with whom you deposit shares acquired under the Plan of such Data as
  may be required for the administration of the Plan and/or the subsequent
  holding of Shares on your behalf. You may, at any time, view the Data,
  require any necessary modifications of Data or withdraw the consents set
  forth in this paragraph by contacting the Human Resources Department of

  

 

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  the Company in writing.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  You acknowledge receipt of a copy of the Plan and
  represent that you are familiar with the terms and provisions thereof, and
  hereby accept this award subject to all of the terms and provisions thereof.
  You have reviewed the Plan, this Agreement and the Notice of Stock Unit Award
  in their entirety, have had an opportunity to obtain the advice of counsel
  prior to executing this award and fully understand all provisions of such
  documents. You hereby agree to accept as binding, conclusive and final all
  decisions or interpretations of the Administrator upon any questions arising
  under the Plan, the Notice of Stock Unit Award or this Stock Unit Agreement.
  Notwithstanding the foregoing, if any party brings any action, suit,
  counterclaim, cross-claim, appeal, arbitration, or mediation for any relief
  against the other to enforce the terms of or to declare rights under this
  Plan or the Stock Unit Agreement, in addition to any damages and costs which
  the prevailing party otherwise would be entitled, the non-prevailing party
  shall pay to the prevailing party a reasonable sum for attorneys’ fees and
  costs incurred in bringing and prosecuting or defending such action or
  enforcing any judgment, order, ruling, or award. You agree to timely notify
  the Company upon any change in the residence address indicated below, and
  acknowledge that the Company may at its discretion deliver share certificates
  representing Shares issued pursuant to the settlement of this award to such
  address. You agree to provide the Company within 7 days of the execution of
  this Agreement the Consent of Spouse attached hereto if applicable, or within
  7 days of any event that would cause such consent to be applicable. You
  acknowledge that the Company will rely on such agreement.

  

 

BY SIGNING THE COVER SHEET OF THIS AGREEMENT,

YOU AGREE TO ALL OF THE TERMS AND CONDITIONS

DESCRIBED ABOVE AND IN THE PLAN.

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CONSENT
OF SPOUSE

The undersigned spouse of the award recipient has read
and hereby approves the terms and conditions of the Plan, the Notice of Stock
Unit Award and this Agreement.  In
consideration of the Company’s granting his or her spouse the right to receive
Shares as set forth in the Plan and this Agreement, the undersigned hereby
agrees to be irrevocably bound by the terms and conditions of the Plan and this
Agreement and further agrees that any community property interest shall be
similarly bound.  The undersigned hereby
appoints the undersigned’s spouse as attorney-in-fact for the undersigned with
respect to any amendment or exercise of rights under the Plan or this
Agreement.

	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Spouse of award recipient

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  «Spouse Name»Exhibit
10.35

Description of
Patent Issuance Bonus Plan

Bonuses under the
patent issuance bonus plan are given to inventors and primary managers for
their involvement in the patent process. Employees are eligible to receive a bonus award for certain patent
components including: $500 for each patent disclosure submitted by that
employee; $250 for each patent disclosure in which that employee is a manager
of at least one of the inventors; $1,000 for each patent application filed on
behalf of that employee; $1,000 for each patent issued to that employee; and
$5,000 for every five patents issued to that employee.

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