OPTEK TECHNOLOGY, INC.
Stock Option Agreement
THIS AGREEMENT, made and entered into as of the day
of , 199 , by and between OPTEK TECHNOLOGY, INC.,
a Delaware corporation (the "Company"), and
(the "Employee"),
W I T N E S S E T H:
WHEREAS, the Company has adopted the 1998 Stock Option Plan
(the "Plan"), a copy of which is attached hereto as Exhibit A; and
WHEREAS, the Company has duly authorized the granting of this
option;
NOW, THEREFORE, in consideration of the premises, the Company
hereby grants to the Employee the following option (the "Option")
to purchase shares of the Company's Common Stock, par value $0.01
per share (the "Shares"):
I.
Nature of Award
The Option granted hereby shall have the following features
under the Plan (check as applicable):
Incentive Stock Options up to the limitations of
Section 422 (d) of the Internal Revenue Code
Stock Options above the limitations of Section
422(d) of the Internal Revenue Code
Reload Options
Alternative Appreciation Rights
Limited Rights
II.
Date of Grant
The date of grant of this Option is , 199 .
III.
Number of Shares
The number of shares which may be purchased hereunder is
( ) (the "Option Shares"), subject to
adjustment as provided for in the Plan and subject to the
provisions of paragraph V hereof.
IV.
Option Price
The price at which the Shares may be purchased under Stock
Options or Incentive Stock Options granted hereby shall be $
per share, subject to adjustment as provided for in the Plan.
V.
Vesting; Termination
This Option is subject to limitations on transfer and to
termination upon the terms set forth in the Plan.
Employee may exercise this Option with respect to the number
of Shares set forth in each row appearing under the column entitled
"Number of Shares" hereafter at any time after the date appearing
opposite the number of Shares in the same row under the column
entitled "Date After Which Option May be Exercised," provided that
Employee shall have continued without break in the service of the
Company from the date hereof through such date:
Date After Which
The Option
Number of Shares May Be Exercised
After Employee has been continuously employed through the date
after which the Option may be exercised as to a number of shares,
Employee shall continue thereafter to be entitled to exercise the
Option with respect to such Shares until such Option shall
terminate under the Plan.
VI.
Incorporation of the Plan
All of the terms and conditions of the Plan, a copy of which
is attached hereto as Exhibit A, are incorporated herein as if
fully set forth herein, and this Agreement and the Option granted
herein are subject to all of such terms and conditions which are
hereby made a part hereof. If a conflict between the terms of this
Agreement and the terms of the Plan shall arise, the terms of the
Plan shall govern.
IN WITNESS WHEREOF, this Agreement is executed as of the day
and year first above written.
OPTEK TECHNOLOGY, INC.
By:
Name:
Title:
Print Name:
