Crucial 2014 Annual Report Download - page 124

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(d) PAYMENT. The Committee shall determine the methods by which the exercise price of an
Option may be paid, the form of payment, and the methods by which Shares shall be delivered or deemed
to be delivered to Participants. As determined by the Committee at or after the Grant Date, payment of the
exercise price of an Option may be made, in whole or in part, in the form of (i) cash or cash equivalents, (ii)
delivery (by either actual delivery or attestation) of previously-acquired Shares based on the Fair Market
Value of the Shares on the date the Option is exercised, (iii) withholding of Shares from the Option based
on the Fair Market Value of the Shares on the date the Option is exercised, (iv) broker-assisted market sales,
or (v) any other “cashless exercise” arrangement.
(e) EXERCISE TERM. In no event may any Option be exercisable for more than eight (8)
years from the Grant Date.
(f) NO DEFERRAL FEATURE. No Option shall provide for any feature for the deferral of
compensation other than the deferral of recognition of income until the exercise or disposition of the
Option.
(g) NO DIVIDEND EQUIVALENTS. No Option shall provide for Dividend Equivalents.
(h) SUSPENSION. Any Participant who is also a participant in the Retirement at Micron
(“RAM”) Section 401(k) Plan and who requests and receives a hardship distribution from the RAM Plan, is
prohibited from making, and must suspend, his or her employee elective contributions to the Plan.
7.2. INCENTIVE STOCK OPTIONS. The terms of any Incentive Stock Options granted under the Plan
must comply with the following additional rules:
(a) EXERCISE PRICE. The exercise price of an Incentive Stock Option shall not be less than
the Fair Market Value as of the Grant Date.
(b) LAPSE OF OPTION. Subject to any earlier termination provision contained in the Award
Certificate, an Incentive Stock Option shall lapse upon the earliest of the following circumstances;
provided, however, that the Committee may, prior to the lapse of the Incentive Stock Option under the
circumstances described in subsections (3), (4) or (5) below, provide in writing that the Option will extend
until a later date, but if an Option is so extended and is exercised after the dates specified in subsections (3)
and (4) below, it will automatically become a Nonstatutory Stock Option:
(1) The expiration date set forth in the Award Certificate.
(2) The eight (8th) anniversary of the Grant Date.
(3) Three months after termination of the Participant’s Continuous Status as a
Participant for any reason other than the Participant’s Disability or death.
(4) One year after the Participant’s Continuous Status as a Participant by reason of the
Participant’s Disability.
(5) One year after the termination of the Participant’s death if the Participant dies
while employed, or during the period described in paragraph (3) or during the one-
year period described in paragraph (4) and before the Option otherwise lapses.
Unless the exercisability of the Incentive Stock Option is accelerated as provided in Article 14, if a
Participant exercises an Option after termination of employment, the Option may be exercised only with respect to
the Shares that were otherwise vested on the Participant’s termination of employment. Upon the Participant’s death,
any exercisable Incentive Stock Options may be exercised by the Participant’s beneficiary, determined in
accordance with Section 14.5.