{"id":38791,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/directors-stock-option-plan-l-3-communications.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"directors-stock-option-plan-l-3-communications","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/directors-stock-option-plan-l-3-communications.html","title":{"rendered":"Directors Stock Option Plan – L-3 Communications"},"content":{"rendered":"

AMENDED AND RESTATED 1998 DIRECTORS STOCK OPTION PLAN FOR
\nNON-EMPLOYEE DIRECTORS OF L-3 COMMUNICATIONS HOLDINGS,
\nINC.<\/strong>AMENDMENT TO NONQUALIFIED STOCK OPTION AGREEMENTS<\/strong><\/p>\n

WHEREAS, L-3 Communications Holdings, Inc. (“L-3”) has previously maintained
\nthe Amended And Restated 1998 Directors Stock Option Plan for Non-Employee
\nDirectors of L-3 Communications Holdings, Inc. (the “Plan”); WHEREAS, L-3
\ngranted stock options under the Plan to John M. Shalikashvili on April 22, 2002,
\nApril 27, 2004, April 26, 2005, April 25, 2006, April 2, 2007 and April 1, 2008,
\nthe terms of which were governed by individual Nonqualified Stock Option
\nAgreements entered into on the applicable grant dates (collectively, the “Stock
\nOption Agreements”); and WHEREAS, on April 26, 2011, the Compensation Committee
\nof the Board of Directors of L-3, acting pursuant to Section 10(a) of the Plan,
\napproved the amendment of the Stock Option Agreements as contemplated hereunder.
\nNOW THEREFORE, effective as of April 26, 2011, each of the Stock Option
\nAgreements is amended as follows:<\/p>\n\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
\n

1.<\/p>\n<\/td>\n

\n

Section 6 is deleted in its entirety and replaced with the following:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

6.<\/p>\n<\/td>\n

Effect of Certain Events on the Option.<\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In the event of the Optionee153s death, the Option shall become immediately
\nfully exercisable as to 100% of the Shares subject to the Option, and the
\nexecutor or administrator of the estate of the Optionee or the person or persons
\nto whom the Option shall have been validly transferred by the executor or the
\nadministrator pursuant to will or the laws of descent or distribution shall have
\nthe right at any time during the Exercise Term to exercise the Option, subject
\nto any other limitation contained herein on the exercise of the Option in effect
\nat the date of exercise. If the Optionee is removed as a director of the Company
\nfor cause, the Option shall terminate as of the effective date of termination of
\nthe Optionee153s service as a director, whether or not exercisable. The Option
\nshall not be affected by any other termination of the Optionee153s service as a
\ndirector, whether as a result of a resignation, disability or otherwise.<\/p>\n\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
\n

2.<\/p>\n<\/td>\n

\n

The last sentence of Section 7 is deleted and replaced with the following:\n<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

After the death of the Optionee, any exercisable portion of the Option may be
\nexercised by the Optionee153s personal representative or by any person empowered
\nto do so under the Optionee153s will or under the then applicable laws of descent
\nand distribution.<\/p>\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

By:<\/p>\n<\/td>\n

\n

L-3 COMMUNICATIONS HOLDINGS, INC.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"-s-<\/p>\n

Michael T. Strianese President and Chief Executive Officer
\n\"-s-
\nSteven M. Post Senior Vice President, General Counsel and Corporate Secretary v<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8009],"corporate_contracts_industries":[9516],"corporate_contracts_types":[9539,9543],"class_list":["post-38791","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-l-3-communications-holdings-inc","corporate_contracts_industries-telecommunications__equipment","corporate_contracts_types-compensation","corporate_contracts_types-compensation__dsp"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38791"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38791"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38791"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}