Amendment No. 1 to Cable Design Technologies Corporation Non-Employee Director Stock Plan
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Summary
This amendment updates the Cable Design Technologies Corporation Non-Employee Director Stock Plan by revising the definitions of "Eligible Director" and "Market Value." It clarifies who qualifies as an eligible director for stock awards and specifies how the market value of company stock is determined for plan purposes. The amendment applies to current and future non-employee directors and outlines the criteria for participation and valuation of stock awards.
EX-10.14 2 0002.txt AMEND. NO.1 TO CABLE DESIGN NON-EMPLOYEE DIRECTOR Exhibit 10.14 Amendment No. 1 to Cable Design Technologies Corporation Non-Employee Director Stock Plan March 7, 2000 The following definition contained in Section 2 of the Plan are amended and restated as follows: (i) "Eligible Director" means any persent or future member of the Board of Directors who, on an Award Date, (i) is a member of the Board of Directors, (ii) is not an employee of the Company or any of its subsidiaries and (iii) who is not an officer, director or employee of, or who would not be deemed to share beneficial ownership of any shares of Common Stock held by, any stockholder of the Company that owns more than 5% of the issued and outstanding shares of Common Stock on such date. (k) "Market Value" on any date means the closing price of Common Stock on that date (or, if such date is not a trading date, on the next preceding date which was a trading date) on the New York Stock Exchange or such other exchange that constitutes the primary trading market for the Company's common stock, as subsequently reported in The Wall Street Journal.