AMENDMENT NO. ONE TOTHE ZEBRA TECHNOLOGIESCORPORATION 2002 NON-EMPLOYEEDIRECTOR STOCK OPTION PLAN
Exhibit 10.19
AMENDMENT NO. ONE TO THE
ZEBRA TECHNOLOGIES CORPORATION
2002 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN
This AMENDMENT NO. ONE TO THE ZEBRA TECHNOLOGIES CORPORATION NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN (this Amendment No. 1), dated , 2002, is made by Zebra Technologies Corporation, a Delaware corporation (the Company).
WHEREAS, the Zebra Technologies Corporation 2002 Non-Employee Director Stock Option Plan (the Plan) was adopted by the Companys Board of Directors (the Board) in January 2002;
WHEREAS, the Board desires to amend the Plan as described herein; and
WHEREAS, the Board has been granted the authority to amend the Plan pursuant to Paragraph 15 of the Plan;
NOW, THEREFORE, in consideration of the foregoing and in order to reflect the approval of the Board of Directors of the Company:
1. The Plan is hereby amended by replacing the second sentence of Paragraph 7(b) of the Plan in its entirety with the following:
The price at which a share of Common stock may be purchased upon exercise of an Option shall be established by the Committee, provided, however, that in no case shall such price be less than the Fair Market Value on the date of grant of such Option.
2. Except as expressly amended and supplemented by this Amendment No. 1, the Plan is hereby ratified and confirmed in all respects.
[signature page follows]
IN WITNESS WHEREOF, the Company has caused its to execute this Amendment No. One to the Plan as of the day of , 2002.
| ZEBRA TECHNOLOGIES CORPORATION |
| |||
| |||||
| |||||
| By: | /s/ EDWARD L. KAPLAN |
| ||
| |||||
| Name: |
|
| ||
| |||||
| Its: |
|
| ||
2