Amendment to Teradyne, Inc. 1991 Employee Stock Option Plan (March 9, 2001)

Summary

This amendment updates the Teradyne, Inc. 1991 Employee Stock Option Plan by changing its expiration date. The plan will now expire twenty years after its original effective date, except for options that are still outstanding at that time. All other terms of the plan remain unchanged. The amendment is signed by company representatives and takes effect as of March 9, 2001.

EX-10.3 2 b38191teex10-3.txt AMEND. TO 1991 STOCK PLAN 1 EX-10.3 Exhibit 10.3 TERADYNE, INC. AMENDMENT TO 1991 EMPLOYEE STOCK OPTION PLAN March 9, 2001 The Teradyne, Inc. 1991 Employee Stock Option Plan (the "Plan") is hereby amended as follows: 1. The first sentence of Section 15 is hereby deleted in its entirety and replaced with the following: "This Plan was adopted by the Board and effective on March 13, 1991, and shall expire on the end of the day on the date twenty years following the date of effectiveness (except as to Options outstanding on that date)." In all other respects the Plan is hereby affirmed and shall remain in full force and effect. [Remainder of Page Left Blank Intentionally] TERADYNE, INC. /s/ James. W. Bagley -------------------------------- James W. Bagley /s/ Dwight H. Hibbard -------------------------------- Dwight H. Hibbard /s/ Roy A. Vallee -------------------------------- Roy A. Vallee /s/ Patricia S. Wolpert -------------------------------- Patricia S. Wolpert