Amendment to Cognex Corporation 1993 Stock Option Plan

Contract Categories: Business Finance › Stock Agreements
Summary

Cognex Corporation has amended its 1993 Stock Option Plan to allow employees (optionees) to transfer their non-qualified stock options to their spouse, children, or a trust for their benefit. All other terms of the original plan remain unchanged. This amendment was adopted by the company's Board of Directors on December 16, 1997.

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EX-10.D 5 b68104ccexv10wd.htm EX-10D AMENDMENT TO THE COGNEX CORPORATION 1993 STOCK OPTION PLAN exv10wd  

EXHIBIT 10D
COGNEX CORPORATION
Amendment to 1993 Stock Option Plan
          The Cognex Corporation 1993 Stock Option Plan (the “Plan”) is hereby amended as follows:
          1. Section 11 of the Plan is amended by adding the following after the last sentence of the paragraph:
“11. TRANSFERABILITY OF OPTIONS
Notwithstanding the foregoing, an optionee may transfer non-qualified 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