Amendment to Cognex Corporation 1993 Stock Option Plan for Non-Employee Directors

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Summary

Cognex Corporation has amended its 1993 Stock Option Plan for Non-Employee Directors. The amendment changes the rules on how stock options can be transferred. Now, options may only be transferred by will, by law, or to the option holder’s spouse, children, or a trust for their benefit. All other terms of the plan remain unchanged. This amendment was adopted by the Board of Directors on December 16, 1997.

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EX-10.E 5 b45670ccexv10we.txt EX-10.E AMEND TO 1993 STOCK OPTION PLAN-NON EM DIR EXHIBIT 10E COGNEX CORPORATION Amendment to 1993 Stock Option Plan for Non-Employee Directors The Cognex Corporation 1993 Stock Option Plan for Non-Employee Directors (the "Plan") is hereby amended as follows: 1. Section 8 of the Plan is hereby deleted in its entirety and the following is substituted therefor: "8. TRANSFERABILITY OF OPTIONS Any Option granted pursuant to this Plan shall not be assignable or transferable other than by will or the laws of descent and distribution, except that an optionee may transfer Options granted under this Plan to the optionee's spouse or children or to a trust for the benefit of the optionee or the optionee's spouse or children." 2. Except as modified hereby, the Plan is hereby ratified and confirmed in all respects. COGNEX CORPORATION By: \s\ Anthony J. Medaglia, Jr. ------------------------------- Clerk Adopted by the Board of Directors: December 16, 1997