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Exhibit 10.51
SECOND AMENDMENT
VERILINK CORPORATION
AMENDED AND RESTATED 1993 STOCK OPTION PLAN
VERILINK CORPORATION, a corporation organized and existing under the
laws of the State of Delaware with its principal place of business in
Huntsville, Alabama, (the "Company") hereby adopts and publishes on this the
10th day of August, 2000 this Amendment to the Verilink Corporation Amended and
Restated 1993 Stock Option Plan (the "Plan"), as follows:
WHEREAS, the Company has determined that an increase in the number of
shares of Company common stock subject to the Plan is necessary; and
WHEREAS, Section 3(a) of the Plan is hereby amended to increase the
number of shares of Company common stock subject to the Plan; and
WHEREAS, by written unanimous consent of the Board of Directors of the
Company, said Board did specifically approve and adopt by resolution the
amendment hereinafter set forth.
NOW, THEREFORE, in consideration of the premises hereinabove set forth,
the Company amends said Plan, as follows:
1. Section 3(a) shall be amended and restated as follows:
"(a) An aggregate of not more than 8,800,000 shares of Stock shall be
available for the grant of stock options under the Plan. If an option is
surrendered (except surrender for shares of Stock) or for any other reason
ceases to be exercisable in whole or in part, the shares which were subject to
such option but as to which the option had not been exercised shall continue to
be available under the Plan. Any Stock which is retained by the Company upon
exercise of an option in order to satisfy the exercise price for such option or
any withholding taxes due with respect to such option exercise shall be treated
as issued to the Optionee and will thereafter not be available under the Plan."
The Company has caused this Amendment to be executed by its duly
authorized officer and its corporate seal to be affixed hereunto on the day and
year first above written.
VERILINK CORPORATION
/s/ Graham G. Pattison
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By: Graham G. Pattison
Its: President
ATTEST:
/s/ C. W. Smith
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By: C. W. Smith
Its: Secretary
(CORPORATE SEAL)
