Crucial 2012 Annual Report Download - page 159

EXHIBIT 10.8
MICRON TECHNOLOGY, INC.
2001 STOCK OPTION PLAN
1. Purposes of the Plan. The purposes of this Stock Option Plan are:
• to attract and retain the best available personnel for positions of substantial responsibility,
• to provide additional incentive to Employees, Directors, and Consultants, and
• to promote the success of the Company's business.
Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as determined by the
Administrator at the time of grant.
2. Definitions. As used herein, the following definitions shall apply:
(a) “Administrator” means the Board or any of its Committees as shall be administering the Plan,
in accordance with Section 4 of the Plan.
(b) “Affiliate” means (i) any subsidiary or parent company of the Company, or (ii) an entity that
directly or through one or more intermediaries controls, is controlled by or is under common control with, the Company,
as determined by the Committee.
(c) “Applicable Laws” means the legal requirements relating to the administration of stock option
plans under Delaware corporate and securities laws and the Code.
(d) “Board” means the Board of Directors of the Company.
(e) “Change in Control” means the acquisition by any person or entity, directly, indirectly or
beneficially, acting alone or in concert, of more than thirty-five percent (35%) of the Common Stock of the Company
outstanding at any time.
(f) “Code” means the Internal Revenue Code of 1986, as amended. Reference to a specific Section
of the Code or regulation thereunder shall include such Section or regulation, any valid regulation promulgated under such
Section, and any comparable provision of any future law, legislation or regulation amending, supplementing or superseding
such Section or regulation.
(g) “Committee” means a Committee appointed by the Board in accordance with Section 4 of the
Plan.
(h) “Common Stock” means the Common Stock of the Company.
(i) “Company” means Micron Technology, Inc., a Delaware corporation.
(j) “Consultant” means any person, including an advisor, engaged by the Company or a Parent or
Subsidiary to render services and who is compensated for such services.
(k) “Continuous Status as an Employee or Consultant” means that the employment or consulting
relationship with the Company, any Parent, or Subsidiary, is not interrupted or terminated. Continuous Status as an Employee
or Consultant shall not be considered interrupted in the case of (i) military leave, sick leave, or any personal leave of absence
approved by the Company, or (ii) transfers between locations of the Company or between the Company, its Parent, any
Subsidiary, or any successor, or (iii) in the discretion of the Administrator as specified at or prior to such occurrence, in the
case of a spin-off, sale, or disposition of the Optionee's employer from the Company or any Parent or Subsidiary. For
purposes of Incentive Stock Options, no such leave may exceed 90 days, unless reemployment upon expiration of such