50 of the Top 250 law firms use our Products every day
In
December 2008, the shares available under the Power
Integrations 1997 Outside Directors Stock Option Plan (the “
Directors Plan ”) will run out, and there will
not be sufficient shares to fully grant the last grant to be made
under the Directors Plan. By determination of the Board of
Directors, at such time of the last grant to be made under the
Directors Plan, the shares unable to be granted will be granted out
of the Power Integrations 2007 Equity Incentive Plan (the “
2007 Plan ”).
Beginning in 2009,
initial and annual grants will be made to outside directors under
the Power Integrations 2007 Plan as follows (the “
Directors Compensation Program ”):
1. each
current participant and each individual who would be eligible to
participate in the Directors Plan shall be a participant in the
Directors Compensation Program;
2. the
initial and annual options that would have been granted to the
company’s outside directors under the Directors Plan shall be
grant
|
