Amendment No. 2 to Cable Design Technologies Non-Employee Director Stock Plan

Contract Categories: Business Finance › Stock Agreements
Summary

This amendment updates the Cable Design Technologies Non-Employee Director Stock Plan to state that shares of common stock awarded under the plan are now freely transferable. The change was adopted by the company's Board of Directors on October 9, 2001. The amendment affects how non-employee directors can handle shares they receive as part of their compensation, allowing them to transfer or sell these shares without restriction.

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EX-10.24 3 dex1024.htm AMENDMENT NO. 2 NON-EMPLOYEE DIRECTOR STOCK PLAN Amendment No. 2 Non-Employee Director Stock Plan

Exhibit 10.24

 

AMENDMENT TO

CABLE DESIGN TECHNOLOGIES

NON-EMPLOYEE DIRECTOR STOCK PLAN

 

The Cable Design Technologies Non-Employee Director Stock Plan (“Plan”) is amended as follows:

 

Section 7 of the Plan is amended to read in its entirety as follows:

 

7. Freely Transferable Shares. Shares of Common Stock received as an Award under this Plan are freely and fully alienable.

 

Adopted by the Board of Directors on

October 9, 2001