Crucial 2014 Annual Report Download - page 119

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4
(s) “Grant Date” of an Award means the first date on which all necessary corporate action has
been taken to approve the grant of the Award as provided in the Plan, or such later date as is determined and
specified as part of that authorization process. Notice of the grant shall be provided to the grantee within a
reasonable time after the Grant Date.
(t) “Incentive Stock Option” means an Option that is intended to be an incentive stock option
and meets the requirements of Section 422 of the Code or any successor provision thereto.
(u) “Non-Employee Director” means a director of the Company who is not a common law
employee of the Company or an Affiliate.
(v) “Nonstatutory Stock Option” means an Option that is not an Incentive Stock Option.
(w) “Option” means a right granted to a Participant under Article 7 of the Plan to purchase
Stock at a specified price during specified time periods. An Option may be either an Incentive Stock Option
or a Nonstatutory Stock Option.
(x) “Other Award” means a right, granted to a Participant under Article 13 that
relates to or is valued by reference to Stock or other Awards relating to Stock.
(y) “Parent” means a corporation, limited liability company, partnership or other entity which
owns or beneficially owns a majority of the outstanding voting stock or voting power of the Company.
Notwithstanding the above, with respect to an Incentive Stock Option, Parent shall have the meaning set
forth in Section 424(e) of the Code.
(z) “Participant” means a person who, as an employee, officer, director or consultant of the
Company or any Affiliate, has been granted an Award under the Plan; provided that in the case of the death
of a Participant, the term “Participant” refers to a beneficiary designated pursuant to Section 14.5 or the
legal guardian or other legal representative acting in a fiduciary capacity on behalf of the Participant under
applicable state law and court supervision.
(aa) “Performance Share” means any right granted to a Participant under Article 9 to a unit to be
valued by reference to a designated number of Shares to be paid upon achievement of such performance
goals as the Committee establishes with regard to such Performance Share.
(bb) “Person” means any individual, entity or group, within the meaning of Section 3(a)(9) of
the 1934 Act and as used in Section 13(d)(3) or 14(d)(2) of the 1934 Act.
(cc) “Plan” means the Micron Technology, Inc. Amended and Restated 2004 Equity Incentive
Plan, as amended from time to time.
(dd) “Public Offering” shall occur on closing date of a public offering of any class or series of
the Company’s equity securities pursuant to a registration statement filed by the Company under the 1933
Act.
(ee) “Qualified Award” means an Award that is either (i) intended to
qualify for the Section 162(m) Exemption and is made subject to performance goals based on Qualified
Business Criteria as set forth in Section 14.10(b), or (ii) an Option or SAR.
(ff) “Qualified Business Criteria” means one or more of the Business Criteria listed in
Section 14.10(b) upon which performance goals for certain Qualified Awards may be
established by the Committee.
(gg) “Restricted Stock Award” means Stock granted to a Participant under Article 10 that is
subject to certain restrictions and to risk of forfeiture.