Amendment to 2005 Inducement Stock Option and Restricted Stock Plan of Standard Microsystems Corporation

Contract Categories: Business Finance › Modification Agreements
Summary

Standard Microsystems Corporation amended its 2005 Inducement Stock Option and Restricted Stock Plan on April 30, 2008. The amendment, approved by the company's Compensation Committee, increases the number of shares available under the plan from 1,960,000 to 2,460,000. This change allows the company to grant more stock options and restricted stock to eligible participants under the plan.

Read More Arrow
EX-10.3 4 k26291exv10w3.htm AMENDMENT TO 2005 INDUCEMENT STOCK OPTION AND RESTRICTED STOCK PLAN exv10w3  

Exhibit 10.3
On April 30, 2008 the Compensation Committee of the Registrant adopted the following resolution amending the 2005 Inducement Stock Option and Restricted Stock Plan of Standard Microsystems Corporation (“the 2005 Inducement Plan”):
RESOLVED, that paragraph 3. (a) of the 2005 Inducement Plan is hereby amended by deleting the word “1,960,000” and replacing it with the word “2,460,000”