Amendment to Standard Microsystems Corporation 2006 Employee Stock Appreciation Rights Plan
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Summary
Standard Microsystems Corporation, through its Compensation Committee, has amended its 2006 Employee Stock Appreciation Rights Plan. The amendment increases the total number of stock appreciation rights available under the plan from two million to four million. This change was approved on April 30, 2008, and allows for more employee participation in the plan.
EX-10.2 3 k26291exv10w2.htm AMENDMENT TO 2006 EMPLOYEE STOCK APPRECIATION RIGHTS PLAN exv10w2
Exhibit 10.2
On April 30, 2008 the Compensation Committee of the Registrant adopted the following resolution amending the Standard Microsystems Corporation 2006 Employee Stock Appreciation Rights Plan (“the 2006 SARS Plan”):
RESOLVED, that paragraph 5 of the 2006 SARS Plan is hereby amended by deleting the words “two million (2,000,000)” and replacing them with the words “four million (4,000,000)”
