Amendment 2008-1 to Tyco Electronics Ltd. Employee Stock Purchase Plan
This amendment, effective January 1, 2008, modifies the Tyco Electronics Ltd. Employee Stock Purchase Plan. It limits the maximum annual contribution for employees who are Section 16 officers under the Securities Exchange Act of 1934 to $25,000. The amendment was approved by the Senior Vice President, Global Human Resources, who was authorized by the Board of Directors to make legally necessary changes to the plan.
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EXHIBIT 10.2
AMENDMENT 2008-1
TO
TYCO ELECTRONICS LTD.
EMPLOYEE STOCK PURCHASE PLAN
AS AMENDED AND RESTATED JANUARY 1, 2008
WHEREAS, the Board of Directors delegated to the Senior Vice President, Global Human Resources the authority to make such changes to the Tyco Electronics Ltd. Employee Stock Purchase Plan (the "Plan") as are deemed legally necessary; and
WHEREAS, the Senior Vice President, Global Human Resources deems it necessary to limit the annual amount of contributions to the Plan for Section 16 officers in order to comply with Section 16 of the Securities Exchange Act of 1934.
NOW, THEREFORE, the Plan is hereby amended, effective January 1, 2008, as follows:
- 1.
- Section 5 of the Plan is amended by adding the following sentence at the end of the Section:
Notwithstanding any other provision in the Plan to the contrary, the maximum annual employee contribution for employees who are subject to the reporting and short-swing profit provisions of Section 16 of the Securities and Exchange Act of 1934 shall be $25,000.
Approved this 24th day of January, 2008.
By: | /s/ JANE A. LEIPOLD Jane A. Leipold Senior Vice President, Global Human Resources |
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- EXHIBIT 10.2
