AVX CORPORATION

2014 NON-EMPLOYEE DIRECTORS' STOCK OPTION PLAN

Amendment 1 - May 2016

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1.  Adoption and Purpose.  The AVX Corporation (the "Company") hereby adopts the
2014 AVX Corporation Non-Employee Directors' Stock Option Plan (the "Plan") to
secure for the Company and its stockholders the benefits of the incentive
inherent in increased common stock ownership by the members of the Board of
Directors (the "Board") of the Company who are not employees of the Company or
any of its subsidiaries (a "Non-Employee Director").

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2.  Administration.  The Plan shall be administered by the Board. The Plan shall
be governed by and construed in accordance with the laws of Delaware. The Board
shall have all the powers vested in it by the terms of the Plan, such powers to
include authority (within the limitations described herein) to prescribe the
form of the agreement embodying awards of stock options made under the Plan (the
"Options") and the power to determine the restrictions, if any, on the ability
of participants to earn-out and to dispose of any stock issued in connection
with the exercise of any Options granted pursuant to the Plan.  The Board shall,
subject to the provisions of the Plan, have the power to interpret the Plan and
to prescribe, amend and rescind rules and regulations for the administration of
the Plan as it may deem desirable.  Any decisions of the Board in the
administration of the Plan, as described herein, shall be final and
conclusive.  The Board may authorize any one or more of their number (each, a
"Director") or the Secretary or any other Corporate Officer of the Company to
execute and deliver documents on behalf of the Board.  The Board hereby
authorizes the Secretary to execute and deliver all documents to be delivered by
the Board pursuant to the Plan.  No member of the Board shall be liable for
anything done or omitted to be done by such member or by any other member of the
Board in connection with the Plan, except for such member's own willful
misconduct or as expressly provided by statute.

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3.  Shares Subject to Plan.  The stock which may be issued and sold under the
Plan will be the Common Stock (par value $0.01 per share) of the Company.  The
total amount of stock for which Options may be granted under the Plan shall not
exceed 1,000,000 shares of Common Stock, subject to adjustment as provided in
Section 6 below.  The stock to be issued may be either authorized and unissued
shares, shares held by the Company in its treasury, or Common Stock purchased on
the open market.  Shares that by reason of the expiration of an option or
otherwise are no longer subject to purchase pursuant to an Option granted under
the Plan may be reoffered under the Plan.

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4.  Participants.  Each Non-Employee Director shall be eligible to receive
Options in accordance with Section 5 below. 

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5.  Terms and Conditions of Options.  Each Option granted under the Plan shall
comply with the following terms and conditions:

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(a)  The Option exercise price shall be the "Fair Market Value" of the Common
Stock shares subject to such Option on the date the Option is granted, which
shall be the closing sales prices of a share of Common Stock on the date of
grant (or, if not a trading day, on the last preceding trading day) as reported
on the New York Stock Exchange Composite Transactions Tape or, if not listed on
the New York Stock Exchange, the principal stock exchange or the NASDAQ National
Market on which the Common Stock is then listed or traded; provided, however,
that if the Common Stock is not so listed or traded then the Fair Market Value
shall be determined in good faith by the Board.

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(b)  Each Non-Employee Director may also be granted Options from time to time
upon prior approval by the full Board.

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(c)  No Option or any part of an Option shall be exercisable:

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(i)  after the expiration of ten years from the date the Option was granted,

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(ii)  unless notice of the exercise is delivered to the Company specifying the
number of shares to be purchased and payment in full is made for the shares of
Common Stock being acquired thereunder at the time of exercise; such payment
shall be made

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(A)  in cash or by check,

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(B)  by tendering to the Company Common Stock shares owned by the person
exercising the Option and having a Fair Market Value equal to the cash exercise
price applicable to such Option, it being understood that the Board shall
determine acceptable methods for tendering Common Stock shares and may impose
such conditions on the use of Common Stock shares to exercise Options as it
deems appropriate, or

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(C)  by a combination of cash or check and Common Stock shares as aforesaid; or

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(D)  by additional methods as may be authorized by the Board in it sole
discretion (including "cashless exercise" arrangements); and

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(iii)  unless the person exercising the Option has been, at all times during the
period beginning with the date of grant of the Option and ending on the date of
such exercise, a Director of the Company, except that if such person shall cease
to be such a Director by reason of Retirement (as defined below), Incapacity (as
defined below) or death while holding an Option that has not expired and has not
been fully exercised, such person, or in the case of death, the executors,
administrators, or distributees, as the case may be, may at any time after the
date such person ceased to be such a Director (but subject to the provisions of
subparagraph 5(d) below in no event after the Option has expired under the
provisions of subparagraph 5(c)(i) above) exercise the Option (to the extent
exercisable by the Director on the date he ceased to be a Director)

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with respect to any shares of Common Stock as to which such person has not
exercised the Option on the date the person ceased to be such a Director. 

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If any person who has ceased to be a Director for any reason other than death,
shall die holding an Option that has not expired and has not been fully
exercised, such person's executors, administrators, or distributees, as the case
may be, may exercise the Option (to the extent vested and exercisable by the
decedent on his date of death) provided that in no event may the Option be
exercised after it has expired pursuant to subparagraph 5(c)(i) above.

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In the event any Option is exercised by the executors, administrators, legatees,
or distributees of the estate of a deceased optionee, the Company shall be under
no obligation to issue stock thereunder unless and until the Company is
satisfied that the person or persons exercising the Option are the duly
appointed legal representatives of the deceased optionee's estate or the proper
legatees or distributees thereof.

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(d)  One-third of the total number of shares of Common Stock covered by all
Options shall become exercisable beginning with the first anniversary date of
the grant of the Option; thereafter an additional one-third of the total number
of shares of Common Stock covered by the Option shall become exercisable on each
subsequent anniversary date of the grant of the Option until on the third
anniversary date of the grant of the Option the total number of shares of Common
Stock covered by the Option shall become exercisable.  In the event the
Non-Employee Director ceases to be a Director by reason of Retirement,
Incapacity or death, the total number of shares of Common Stock covered by the
Option shall thereupon become exercisable. Such exercisable options must be
exercised prior to the earlier of (i) one year after the date of such
Retirement, Incapacity or death or (ii) the date of their original expiration.

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(e)  Options granted to a person shall automatically be forfeited by such person
if such person shall cease to be a Director for reasons other than Retirement,
Incapacity or death.

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(f)  As used in this Section 5, the term "Retirement" means the termination of a
Director's service on the Board pursuant to resignation from the Board or not
standing for reelection with the approval of the Board; provided, however, that
"Retirement" shall not include any termination of service resulting from an act
of (i) fraud or intentional misrepresentation or (ii) embezzlement,
misappropriation or conversion of assets or opportunities of the Company or any
direct or indirect majority-owned subsidiary of the Company, by such
Director.  The determination of whether termination results from any such act
shall be made by the Board, whose determination shall be conclusive.

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(g)  As used in this Section 5, the term "Incapacity" means any material
physical, mental or other disability rendering the Director incapable of
substantially performing his or her services hereunder that is not cured within
180 days of the first occurrence of such incapacity.  In the event of any
dispute between the Company and the Director as to whether he or she is
incapacitated as defined herein, the determination of whether the

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Director is so incapacitated shall be made by an independent physician selected
by the Board and the decision of such physician shall be binding upon the
Company and the Director.

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(h)  Notification of the grant of an option shall be issued to the Director.
Such notification shall include the vesting schedule, the term of the option and
any additional rules or exercise rights specific to the grant.

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6.  Adjustment in the Event of Certain Changes in Stock. 

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(a)  If there is any change in the number of outstanding shares of Common Stock
by reason of any stock dividend, stock split, recapitalization, combination,
exchange of shares, merger, consolidation, liquidation, split-up, spin-off or
other similar change in capitalization, any distribution to common stockholders,
including a rights offering, other than cash dividends, or any like change, then
the number of shares of Common Stock available for options, the number of such
shares covered by outstanding options, and the price per share of such options
shall be proportionately adjusted by the Board to reflect such change or
distribution; provided, however, that any fractional shares resulting from such
adjustment shall be eliminated.  Without limiting the foregoing, in the event of
a subdivision of the outstanding shares of Common Stock (stock-split), a
declaration of a dividend payable in shares of Common Stock, or a combination or
consolidation of the outstanding shares of Common Stock into a lesser number of
shares, the authorization limit under Section 3 and the award amounts under
Section 5 shall automatically be adjusted proportionately, and the shares of
Common Stock then subject to each option shall automatically be adjusted
proportionately without any change in the aggregate purchase price therefor.

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(b)  In the event of change in the Common Stock of the Company as presently
constituted, the shares resulting from any such change shall be deemed to be the
Common Stock within the meaning of the Plan.

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(c)  In the event of a reorganization, recapitalization, merger, consolidation,
acquisition of property or stock, extraordinary dividend or distribution (other
than as covered by Section 6(a) hereof), separation or liquidation of the
Company, or any other event similarly affecting the Company, the Board shall
have the right, but not the obligation, notwithstanding anything to the contrary
in this Plan, to provide that outstanding options granted under this Plan shall
(i) be canceled in respect of a cash payment or the payment of securities or
property, or any combination thereof, with a per share value determined by the
Board in good faith to be equal to the value received by the stockholders of the
Company in such event in the respect of each share of Common Stock, with
appropriate deductions of exercise prices, or (ii) be adjusted to represent
options to receive cash, securities, property, or any combination thereof, with
a per share value determined by the Board in good faith to be equal to the value
received by the stockholders of the Company in such event in respect of each
share of Common Stock, at such exercise prices as the Board in its discretion
may determine is appropriate.

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(d)  To the extent that the foregoing adjustments relate to stock or securities
of the Company, such adjustments shall be made by the Board, whose determination
in that respect shall be final, binding and conclusive. 

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7.  Nonexclusive Plan.  Neither the adoption of the Plan by the Board nor the
submission of the Plan to the stockholders of the Company for approval shall be
construed as creating any limitations on the power of the Board to adopt such
other incentive arrangements as it may deem desirable, including, without
limitation, the granting of stock options otherwise than under the Plan, and
such arrangements may be either generally applicable or applicable only in
specific cases.

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8.  Nonassignability.  Options may be transferred by gift to any member of the
optionee's immediate family or to a trust for the benefit of one or more of such
immediate family members, by the laws of descent and distribution, or as
otherwise permitted by the Board.  During a Director's lifetime, options granted
to a Director may be exercised only by the Director or by his or her guardian or
legal representative or his or her permitted transferee.

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9.  Amendment or Discontinuance.  The Plan may be amended or discontinued by the
Board without the approval of the stockholders of the Company, except that
stockholder approval shall be required for any amendment that would (a)
materially increase (except as provided in Section 6 hereof) the maximum number
of shares of Common Stock for which Options may be granted under the Plan, (b)
materially expand the class of persons eligible to participate in the Plan, (c)
expand the types of awards available under the Plan, (d) otherwise materially
increase the benefits to participants under the Plan, or (e) otherwise
constitute a material change requiring stockholder approval under applicable
laws, policies or regulations or the applicable listing or other requirements of
the principal stock exchange or the NASDAQ National Market on which the Common
Stock is then listed or traded. 

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10.  Options Previously Granted.  At any time and from time to time, the Board
may amend, modify or terminate any outstanding Option without approval of the
optionee; provided, however:

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(a)  Such amendment, modification or termination shall not, without the
optionee's consent, reduce or diminish the value of such Option determined as if
the Option had been exercised on the date of such amendment or termination (with
the per-share value of an Option for this purpose being calculated as the
excess, if any, of the Fair Market Value as of the date of such amendment or
termination over the exercise price of such Option);

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(b)  The original term of an Option may not be extended without the prior
approval of the stockholders of the Company;

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(c)  Except as otherwise provided in Section 6, the exercise price of an Option
may not be reduced, directly or indirectly, without the prior approval of the
stockholders of the Company; and

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(d)  No termination, amendment, or modification of the Plan shall adversely
affect any Option previously granted under the Plan, without the written consent
of the optionee affected thereby.  An outstanding option shall not be deemed to
be "adversely affected" by a Plan amendment if such amendment would not reduce
or diminish the value of such Option determined as if the Option had been
exercised on the date of such amendment (with the per-share value of an Option
for this purpose being calculated as the excess, if any, of the Fair Market
Value as of the date of such amendment over the exercise price of such Option).

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11.  Effect of Plan.  Neither the adoption of the Plan nor any action of the
Board shall be deemed to give any Non-Employee Director any right to be granted
an option to purchase Common Stock or any other rights except as may be
evidenced in a valid resolution, action, or minutes of the Committee, or by a
stock option agreement or notice, or any amendment thereto, duly authorized by
the Board and executed on behalf of the Company, and then only to the extent and
on the terms and conditions expressly set forth therein.

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12.  Term.  Unless sooner terminated by action of the Board, this Plan will
terminate on August 1, 2024.  The Board may not grant Options under the Plan
after that date, but Options granted through that date will continue to be
effective in accordance with their terms.

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13.  Effectiveness; Approval of Stockholders.  The Plan shall take effect upon
its adoption by the Board, but its effectiveness and the exercise of any options
shall be subject to the approval of the holders of a majority of the voting
shares of the Company, which approval must occur within twelve months after the
date on which the Plan is adopted by the Board.

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14.  Withholding Taxes.  The Company shall have the authority and the right to
deduct or withhold, or require an optionee to remit to the Company, an amount
sufficient to satisfy federal, state, and local taxes required by law to be
withheld with respect to any exercise, lapse of restriction or other taxable
event arising as a result of the Plan.  If shares of Common Stock are
surrendered to the Company to satisfy withholding obligations in excess of the
minimum withholding obligation, such shares must have been held by the
participant as fully vested shares for such period of time, if any, as necessary
to avoid variable accounting for the option.  With respect to withholding
required upon any taxable event under the Plan, the Board may require or permit
that any such withholding requirement be satisfied, in whole or in part, by
withholding from the option shares of Common Stock having a Fair Market Value on
the date of withholding equal to the minimum amount (and not any greater amount)
required to be withheld for tax purposes, all in accordance with such procedures
as the Board may establish.

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