Amendment to Boston Scientific Corporation 1992 Non-Employee Directors' Stock Option Plan
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Summary
This amendment updates the Boston Scientific Corporation 1992 Non-Employee Directors' Stock Option Plan. It changes the terms of stock option grants to non-employee directors, specifying that each grant will be for 2,000 shares at the fair market value at the time of the grant. The options are not intended to qualify as incentive stock options under IRS rules. The amendment applies only to non-employee directors of Boston Scientific Corporation.
EX-10.3 2 b38188ssex10-3.txt AMEND TO 1992 NON EMPLOYEE DIRECTORS SOP 1 Exhibit 10.3 FORM OF AMENDMENT TO THE BOSTON SCIENTIFIC CORPORATION 1992 NON-EMPLOYEE DIRECTORS' STOCK OPTION PLAN Section 6(b) of the Boston Scientific Corporation 1992 Non-Employee Directors' Stock Option Plan shall be deleted in its entirety and replaced with the following: "(b) OPTION GRANT. Each Option grant shall consist of an Option to acquire in aggregate 2,000 shares of Stock and shall be exercisable at a price equal to the Fair Market Value of the Stock at the time of the grant. No Option granted hereunder is intended to qualify as an incentive stock option within the meaning of Section 422 of the Code."
