Exhibit 99.1
2000 AMENDMENT TO THE
1999 EMPLOYEE STOCK PLAN
OF SYMMETRICOM, INC.
THIS AMENDMENT amends the 1999 Employee Stock Plan (the "Plan") of
Symmetricom, Inc. (the "Company"). Unless specifically otherwise defined, each
term used herein shall have the meaning assigned to such term in the Plan.
WITNESSETH:
WHEREAS, the Board of Directors has determined that it is in the best
interests of the Company to amend the Plan to increase the number of shares
authorized for issuance thereunder:
NOW THEREFORE, the Plan is hereby amended as follows:
1. STOCK SUBJECT TO THE PLAN.
1.1 Section 3 of the Plan shall be amended by deleting the first
sentence and replacing it with the following:
"Subject to the provisions of Section 13 of the Plan, the maximum
aggregate number of Shares that may be optioned and sold under the
Plan is 2,900,000 Shares."
2. DATE OF AMENDMENT. To record the adoption of this Amendment to the
Plan by the Board of Directors as of August 4, 2000 and the approval by the
stockholders of this Amendment on October 23, 2000, the Company has caused its
authorized officer to execute the same.
SYMMETRICOM, INC.
By /S/ THOMAS W. STEIPP
--------------------------------------
Thomas W. Steipp
As its CHIEF EXECUTIVE OFFICER
----------------------------------
