Amendment to 2005 Inducement Stock Option and Restricted Stock Plan of Standard Microsystems Corporation (April 9, 2007)
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Summary
This amendment updates the 2005 Inducement Stock Option and Restricted Stock Plan of Standard Microsystems Corporation by removing a restriction in Section 7(b) that previously prevented certain actions before the first anniversary of the grant date. All other terms of the plan remain unchanged and in effect.
EX-10.38 5 k14448exv10w38.htm APRIL 9, 2007 AMENDMENT TO THE 2005 INDUCEMENT STOCK OPTION & RESTRICTED STOCK PLAN exv10w38
Exhibit 10.38
April 9, 2007 Amendment to the 2005 Inducement Stock Option and Restricted Stock Plan of Standard Microsystems Corporation
RESOLVED, that Section 7(b) of the 2005 Inducement Stock Option and Restricted Stock Plan of Standard Microsystems Corporation is hereby amended by deleting the words (but in no event prior to the first anniversary of the date of grant). Except as specifically amended herein, the 2005 Inducement Stock Option and Restricted Stock Plan of Standard Microsystems Corporation shall remain in full force and effect.