Amendment to CDT Acquisition Corp. Stock Incentive Plan (October 17, 2002)
This amendment, dated October 17, 2002, modifies the CDT Acquisition Corp. Stock Incentive Plan. The key change is the inclusion of CDT Oxford Limited (formerly Opsys UK Limited) as a defined "Subsidiary" under the plan, regardless of its ownership structure. This allows employees of CDT Oxford Limited to participate in the stock incentive plan. The amendment was approved by the Board of Directors and is effective as of the stated date.
Exhibit 10.38
AMENDMENT TO
THE CDT ACQUISITION CORP.
STOCK INCENTIVE PLAN
Amendment, dated as of 17th October 2002, to the CDT Acquisition Corp. Stock Incentive Plan (the “Plan”). Capitalized terms used herein without definition shall have the meanings assigned to such terms under the Plan.
W I T N E S S E T H :
WHEREAS, the Board of Directors of CDT Acquisition Corp. (the “Company”) adopted resolutions on October 17, 2002 with respect to the Plan providing in part that the Plan should be amended to define CDT Oxford Limited (f.k.a. Opsys UK Limited) as a “Subsidiary” of the Company for purposes of the Plan;
NOW, THEREFORE, the Plan shall be amended pursuant to Section 8 thereof, effective as of October 17, 2002, as follows:
1. Section 2 of the Plan is hereby amended to replace the defined term “Subsidiary” with a new definition to read as follows:
Subsidiary: (i) any corporation a majority of whose outstanding voting securities is owned, directly or indirectly, by the Company and (ii) CDT Oxford Limited (f.k.a. Opsys UK Limited).
