Amendment to Option Award Agreements between Sensata Technologies Holding N.V. and Participant

Contract Categories: Business Finance › Modification Agreements
Summary

This agreement amends previous option award agreements between Sensata Technologies Holding N.V. and the participant. It extends the period for exercising vested options after termination for “good reason” or “without cause” from 60 days to 6 months. The amendment is effective as of the date signed and may be executed in counterparts. Both the company and the participant must sign to accept the changes.

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EX-10.38 4 exhibit1038.htm FORM OF AMENDED OPTIONS AGREEMENT Exhibit 10.38 Form of Amended Option Agreement
Exhibit 10.38
SENSATA TECHNOLOGIES HOLDING N.V.
(the "Company")
AMENDMENT TO AWARD AGREEMENT - OPTIONS
Amendment Date: _______ __, 2011
Issue to:
__________ ("Participant")

The Award Agreements dated __________, __________, and __________ are hereby amended as follows:

This amendment provides to each of the Award Agreements a vested options expiration extension from 60-days to 6-months from the date of a termination for “good reason” or “without cause.”



This amendment may be executed in one or more counterparts (including by means of telecopied signature pages), all of which taken together shall constitute one and the same agreement.
* * * *




IN WITNESS WHEREOF, the Company, acting by and through its duly authorized officers, has executed this agreement effective as of the date first above written.

 
SENSATA TECHNOLOGIES HOLDING N.V.
 
 
 
 
By:
 
 
 
 
 
Name:
 
 
 
 
 
Title:
 
 
 
 
Accepted and Agreed: