Amendment No. 4 to Kulicke and Soffa Industries, Inc. 1999 Nonqualified Employee Stock Option Plan

Summary

Kulicke and Soffa Industries, Inc. has amended its 1999 Nonqualified Employee Stock Option Plan to give the company more flexibility in setting the vesting criteria for stock options granted to employees. This amendment, effective October 2, 2001, allows the Compensation Committee to determine when and how options become exercisable. The amendment does not change other terms of the plan or affect previous amendments.

EX-10.(XXX) 10 dex10xxx.txt AMEND. #4-1999 NONQUALIFIED EMPLOYEE STOCK OPTION Exhibit 10(xxx) AMENDMENT NO. 4 TO THE KULICKE AND SOFFA INDUSTRIES, INC. 1999 NONQUALIFIED EMPLOYEE STOCK OPTION PLAN WHEREAS, Kulicke and Soffa Industries, Inc. (the "Company") established the Kulicke and Soffa Industries, Inc. 1999 Nonqualified Employee Stock Option Plan (the "Plan"), effective September 28, 1999, and amended the Plan on three occasions thereafter, including an amendment to adjust the number of shares to reflect a stock split pursuant to resolutions of the Compensation Committee of the Company; WHEREAS, the Company reserved the right to amend the Plan at any time, subject to certain inapplicable limitations; WHEREAS, the Company desires to amend the Plan to provide the Company with greater flexibility in setting the vesting criteria applicable to options granted thereunder; NOW, THEREFORE, effective as of October 2, 2001, Section 5(b)(4)(A) of the Plan is hereby amended to read as follows: (4) Exercise. (A) General. Options shall be exercisable in such installments, on such dates, and/or upon fulfillment of such other conditions as the Committee may specify, provided that: * * * * * IN WITNESS WHEREOF, Kulicke and Soffa Industries, Inc. has caused this Amendment No. 4 to be executed this 2nd day of October, 2001. [Seal] KULICKE AND SOFFA INDUSTRIES, INC. Attest: __________________ By: ________________________________