Amendment to Equity Incentive Plan for Senior Management Employees of Avago Technologies Limited
This amendment, effective July 2009, modifies the Equity Incentive Plan for Senior Management Employees of Avago Technologies Limited and its subsidiaries. It states that upon a public offering, specific sections (8, 9, 10, and 11) of the plan will be deleted and will no longer apply to any options or shares held by employees. All other provisions of the plan remain unchanged. The amendment was adopted by the company's Board of Directors.
Exhibit 10.62
AMENDMENT TO THE
EQUITY INCENTIVE PLAN FOR
SENIOR MANAGEMENT EMPLOYEES OF
AVAGO TECHNOLOGIES LIMITED AND SUBSIDIARIES
JULY , 2009
Effective as of the date first set forth above, Avago Technologies Limited (the “Company”) hereby amends the Equity Incentive Plan for Senior Management Employees of Avago Technologies Limited and Subsidiaries, as amended and restated effective as of February 25, 2008 (the “Plan”) to the extent necessary to provide as follows:
“Notwithstanding any other provision of the Plan to the contrary, immediately upon a Public Offering, Sections 8, 9, 10 and 11 of the Plan shall be deemed to be deleted and of no further effect with respect to any Options or Shares held by any Employee.”
Except as provided in this Amendment, the Plan shall remain in full force and effect.
**********
I hereby certify that the foregoing amendment was duly adopted by the Board of Directors of the Company effective as of July , 2009.
Executed on , 2009
| AVAGO TECHNOLOGIES LIMITED | ||
| By: | ||
