Document:

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                                                                    EXHIBIT 10.i

                             SBS TECHNOLOGIES, INC.
                   1993 DIRECTOR AND OFFICER STOCK OPTION PLAN
                        (as amended on November 12, 1996)

         I. PURPOSE

         The purpose of the 1993 Director and Officer Stock Option Plan (the
"Plan") is to promote the long term success of SBS Technologies, Inc. by: (i)
providing a means through which the Company can attract, retain and compensate
Directors and Executive Officers who can materially contribute to the success of
the Company and (ii) encourage stock ownership by Directors and Executive
Officers so that they may have a proprietary interest in the Company's success.

         II. DEFINITIONS

         The capitalized words appearing in this Plan are defined as follows:

                  A.       COMMITTEE means the Committee of the Board of
                           Directors appointed by the Board of Directors of the
                           Company to administer the Plan as to officers, as
                           more fully described in the Plan.

                  B.       COMMON STOCK means the no par value common stock of
                           SBS Technologies, Inc.

                  C.       COMPANY means SBS Technologies, Inc., and any
                           subsidiaries.

                  D.       OPTION means the right to acquire Common Stock,
                           conferred pursuant to this Plan.

                  E.       OPTION SHARES means shares of Common Stock which may
                           be acquired under an Option.

                  F.       OPTIONEE means the person entitled to acquire Option
                           Shares under an Option.

                  G.       EFFECTIVE DATE means the date the Plan is approved by
                           the affirmative votes of the holders of a majority of
                           the outstanding Common Stock entitled to vote at a
                           meeting of the Company shareholders duly held in
                           accordance with the laws of New Mexico.

                  H.       PLAN means the 1993 Director and Officer Stock Option
                           Plan.

                  I.       PLAN SHARES means the aggregate amount of Common
                           Stock which may be awarded under the Plan.

         III. ELIGIBLE DIRECTORS AND OFFICERS

         All Directors of the Company who are not employees of the Company,
whether elected or appointed, ("Eligible Directors") and all Executive Officers
of the Company subject to Section 16 of the Securities Act of 1934 ("Eligible
Officers"), are eligible for awards under the Plan.

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         IV. THE COMMITTEE

         The Committee will consist of two or more "Non-Employee" Directors as
that term is defined in Section 16b-3(b)(3)(i). No member of the Committee will
be an Eligible Officer. The Committee will administer the Plan and, from time to
time and in its sole discretion, select from Eligible Officers those to whom
Options will be awarded and make those awards. The number of Option Shares
covered by an Option will be determined by the Committee in accordance with the
criteria determined by the Committee, including Company performance. The
exercise price will be determined by the Committee and, if not otherwise
determined, will be the closing price for the Common Stock on the trading day
immediately preceding the date of grant. The Committee will determine, in its
sole discretion, the terms of vesting, and exercise, and termination or
expiration of the Options. Payment for Option Shares upon exercise of an Option
will be made in cash or, in the discretion of the Committee determined as of the
grant of (or by amendment to) the Option and incorporated therein, (i) in Common
Stock (valued as determined by the Committee) or (ii) through a net exercise of
the Option.

         V. PLAN SHARES

         The maximum number of Plan Shares for which Options may be awarded each
fiscal year is five percent of the number of shares of Common Stock outstanding
at the first day of that fiscal year. Those Plan Shares underlying expired or
terminated Options issued under the Plan and Plan Shares available each year
under the Plan as to which Options were not granted in that year shall be added
to the maximum number of Plan Shares available in any subsequent fiscal year.

         VI. GRANTS TO DIRECTORS

         Each Eligible Director, upon his or her appointment by the Board of
Directors within 90 days of the Company's most recently held meeting of
shareholders at which Directors were elected, or election as a Director, shall
automatically be awarded an option for 5,000 Option Shares. An Eligible Director
serving at the Effective Date of the Plan who did not receive a grant of 5,000
Option Shares upon becoming a Director will receive an Option for 5,000 Option
Shares upon the Effective Date of the Plan. Thereafter, upon each re-election as
a Director, the Eligible Director shall automatically receive an Option for
5,000 Option Shares.

         VII. EXERCISE OF OPTIONS

         This paragraph applies to Options held by Eligible Directors. The
exercise price per Option Share shall be the closing price for the trading day
immediately preceding the date of grant. The Option will vest and become
exercisable at 5:00 p.m., New Mexico time, on the day before the next meeting of
shareholders of the Company at which Directors are elected following the grant
of the option if the Eligible Director still holds office. The Option shall
terminate the earlier of (i) failure to vest, (ii) five years from the date of
grant or (iii) twelve months from the date the Optionee ceases to be a member of
the Board of Directors. Payment for Option Shares upon exercise of an Option
will be made in cash, or in the discretion of the Board of Directors determined
as of the date of grant (or upon amendment) of the Option and incorporated
therein, (i) in Common Stock valued as determined by the Board of Directors, or
(ii) through a net exercise of the Option.

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         VIII. RESTRICTIONS ON TRANSFER

         Unless and until the Company registers Plan Shares under the Securities
Act of 1933 (the "Act") and as required by the securities laws of other
applicable jurisdictions, the Option Shares awarded under the Plan will be
"restricted securities" as that term is defined under Rule 144 of that Act and
may only be transferred upon registration or in reliance on an exemption,
established to the satisfaction of the Company, under the Act. Except with
specific approval by the Board of Directors or the Committee, no Option will be
transferable by the Optionee other than by will or the laws of descent and
distribution or pursuant to a qualified domestic relations order as defined by
the Internal Revenue Code of 1986, as amended, or Title I of the Employee
Retirement Income Security Act, or the rules thereunder, unless a proposed
transfer is in compliance with the requirements for registration of the Option
or Option Shares on Form S-8 under the Act as those requirements are then in
effect. Moreover, all Option Shares are subject to the transferability
restrictions imposed by Section 16 of the Securities Exchange Act of 1934. NO
OPTION (OTHER THAN UPON EXERCISE) OR OPTION SHARE MAY BE TRANSFERRED OR
OTHERWISE ALIENATED IN ANY WAY FOR A PERIOD OF SIX MONTHS FROM THE DATE OF
GRANT, as provided in Rule 16b-3(d)(3).

         IX. RECLASSIFICATION, CONSOLIDATION, MERGER OR EXCHANGE

         If and to the extent that the number of issued shares of Common Stock
is increased or reduced by change in par value, split up, reclassification,
distribution of a dividend payable in Common Stock, or the like, the number of
Plan Shares will be proportionately adjusted. If the Company is reorganized,
consolidated, or merged, or shares of Common Stock are exchanged, with another
corporation (an "Event"), Eligible Directors and Eligible Officers will be
entitled to receive shares of the reorganized, consolidated, or merged company,
or shares exchanged, in the same proportion, under the same circumstances and
subject to the same conditions as if the Event had not occurred.

         X. MANDATORY TAX WITHHOLDING

         Upon issuance of Option Shares under this Plan to an Eligible Director
or Eligible Officer ("Participant"), the number of Option Shares otherwise
issuable or payable may, at the option of the Optionee with the consent of the
Company, be reduced by the amount necessary to satisfy the Participant's United
States Federal and, where applicable, state and local tax withholding
requirements.

         XI. SHAREHOLDER APPROVAL

         This Plan will be presented for consideration and approval of the
shareholders of the Company at a meeting, special or regular, of the
shareholders of the Company. If the Plan is not approved by the shareholders,
the Plan shall terminate. No awards may be made under the Plan until that
approval is received.

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         XII. RIGHTS AS SHAREHOLDER AND EMPLOYEE

         No person eligible to participate in this Plan will have any rights as
a Shareholder of the Company with respect to the Option Shares before the date
of issuance to that person of certificates for exercised awarded Option Shares.
Neither the Plan nor any awards granted under the Plan will confer upon a
participant any right to continue in the employ or to continue as a Director of
the Company.

         XIII. TERM OF THE PLAN

         The Plan will terminate on the earlier of the award of all of the Plan
Shares or termination by the Board of Directors.

         XIV. CONSTRUCTION

         The Plan will be interpreted and administered under the laws of the
State of New Mexico. The Plan is intended to qualify under and comply with all
applicable conditions of Rule 16b-3, or its successors, of the Securities
Exchange Act of 1934. To the extent any provision of the Plan or action by the
Committee fails to so comply, it shall be deemed null and void, to the extent
permitted by law and, with respect to actions by the Committee or Board of
Directors, deemed advisable by the Committee or Board of Directors.

         XV. INTERPRETATION

         All questions of interpretation and application of the Plan will be
determined, as they relate to the Eligible Officers, solely by the Committee, as
they relate to the Board of Directors, solely by the Board of Directors, the
determination of which will be final and binding upon all parties.

         XVI. AMENDMENT OF PLAN

         This Plan may be amended by a majority vote of the Board of Directors
at any time and from time to time, except that shareholder approval of an
amendment will be required if required by applicable law or regulation or the
requirements of any stock exchange or Nasdaq System with which the Common Stock
is registered.<PAGE>
                                                                    EXHIBIT 10.v

                             SBS TECHNOLOGIES, INC.
                        1996 EMPLOYEE STOCK PURCHASE PLAN
                                 300,000 SHARES
                                  (AS AMENDED)

         I. PURPOSE

         The purpose of the 1996 Employee Stock Purchase Plan ("Plan") of SBS
Technologies, Inc. ("SBS") and its subsidiaries (together, with SBS, the
"Company") is to attract, compensate and retain well-qualified employees by
providing to them an equity interest in the Company's success.

         II. PLAN SHARES

         SBS may issue and sell not more than 300,000 shares ("Plan Shares") of
its no par value common stock ("Common Stock") pursuant to the Plan. The Plan
Shares include authorized but unissued shares of Common Stock and shares of
Common Stock that have been subject to unexercised options under the Plan,
whether those options have terminated or expired by their terms, by
cancellation, or otherwise. The number of Plan Shares will be adjusted if the
number of outstanding shares of Common Stock of SBS is increased or reduced by
split-up, reclassification, stock dividend and the like.

         III. ADMINISTRATION

         The Plan shall be administered by a committee ("Committee") of the
Board of Directors of SBS consisting of two or more directors who are
"disinterested persons" within the meaning of Rule 16b-3 under the Securities
Exchange Act of 1934 ("Exchange Act") or such other persons as may be permitted
by that Rule, as amended or superseded from time to time. The Committee shall
have the power and authority necessary or appropriate to carry out the
provisions of the Plan, including the interpretation and construction of the
Plan and the option grants made under the Plan, the adoption, amendment or
rescission of such rules and regulations as the Committee deems advisable, the
amendment with respect to the terms of future option grants under the Plan, the
termination of further option grants under the Plan, and to make all other
determinations the Committee deems necessary or advisable in administering the
Plan. The determinations of the Committee on these matters shall be conclusive
and binding upon all persons in interest.

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         IV. ELIGIBILITY

         Options under the Plan may be granted only to Eligible Employees.
Eligible Employees are full-time employees of the Company but shall not include
an employee: (i) who, if an option is granted to the employee under the Plan,
will, immediately after the option is granted own or be entitled to purchase
under such an option 5% or more of the total combined voting power or value of
all classes of stock of the Company, within the meaning of Section 423(b)(3) of
the Internal Revenue Code of 1986, as amended ("Code"), (ii) who, if an option
is granted, would have rights to purchase shares under all employee stock
purchase plans offered by the Company accruing at a rate exceeding $25,000 of
the fair market value of the Common Stock (determined at the time the option is
granted) for each calendar year in which the option is outstanding at any time,
(iii) whose customary employment is 20 hours or less per week, (iv) whose
customary employment is for not more than 5 months in any fiscal year, (v) who
is a highly compensated employee within the meaning of Code Section 414(g) as
amended or superseded from time to time and an executive officer of the Company
subject to Section 16 of the Securities Exchange Act.

         V. OPTION GRANTS

         Until such time as the Committee may in its sole discretion amend the
terms of the option grants or terminate further option grants under the Plan,
all eligible employees of the Company shall, on the thirty-first day of December
of 1999, 2000, 2001, 2002, and 2003 ("Date of Grant"), be granted an option to
purchase Plan Shares on the following terms and conditions:

                  A. OPTION TERM.

                  The term of each option will be from the Date of Grant until
1700 hours, mountain time, on the date which is twenty-seven months from the
Date of Grant when the option will expire ("Date of Expiration").

                  B. OPTION PRICE.

                  The purchase price per Plan Share ("Option Price") will be the
fair market value on the Date of Grant ("Date of Grant Price"). Fair market
value means (a) the closing price of the Common Stock on the NASDAQ National
Market System or, if the Common Stock is admitted to trading on an exchange, on
that exchange, or (b) if no such closing price is available, the value as
determined in good faith by the Board of Directors of SBS.

                  C. NUMBER OF OPTION SHARES.

                  The number of Plan Shares subject to each option shall, within
the limitations of eligibility, be the number of shares indicated within each
employee annual base pay range as of the date of grant, without regard to
benefits, overtime, bonuses, commissions or the like, according to Schedule A.
Annual base pay for employees scheduled to work more than 20 hours per week but
less than 40 hours per week will be determined by annualizing the base hourly
rate on the day of grant times the minimum scheduled weekly work hours as of the
date of grant. Annual base pay in other than U.S. dollars will be converted to
U.S. dollars using the exchange rate on the date of grant.

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                  D. EXERCISE.

                  Each option may be exercised in whole or in part beginning
eighteen months from the Date of Grant, when the option will vest, until the
Date of Expiration by payment to the Company by cashier's check or money order
of the full amount of the exercise price of the Plan Shares being purchased.

                  E. DELIVERY OF SHARES.

                  A stock certificate representing the Plan Shares purchased
pursuant to an exercised option, or if the Company has uncertificated shares, a
written notice complying with the New Mexico Business Corporation Act, will be
delivered by the Company to the purchaser as promptly as practicable after
exercise of the option.

                  F. TERMINATION OF EMPLOYMENT.

                  If an employee's employment with the Company is terminated for
cause, any option held by the employee, whether or not vested, will immediately
terminate. For purposes of this Plan, cause is defined to mean if the employee
refuses, upon the Company's request, or, fails, to render services competently
and in good faith to the Company's benefit while employed by the Company, or if
the employee violates any provision or restriction or fails to perform any
obligation contained in any employment agreement with the Company, or in any
Company policy or Company employment manual or practice, or unless otherwise
provided by Company policy or Company employment manual, (a) is reasonably
believed by Company (i) to have failed to comply with any employment or
nondiscrimination or similar law, regulation or policy, (ii) to abuse, as
determined by the Company, alcohol or to use drugs, (other than as prescribed by
employee's physician), or (b) refuses to submit to testing for alcohol or drugs,
or (c) is reasonably believed by Company to have committed or is charged with
any felony or a misdemeanor (except minor traffic violations and similar
offenses). If an employee is terminated for any reason other than for cause, any
unvested option held by the employee will terminate on the employee's last day
of employment and any vested option held by the employee on the last day of
employment will terminate 90 days thereafter.

         VI. RIGHTS AS SHAREHOLDER

         Until an option granted under the Plan has been exercised and the Plan
Shares acquired pursuant to that exercise have been issued (or a written notice
for uncertificated Plan Shares has been sent), the employee holding the option
will have no rights as a shareholder with respect to the Plan Shares subject to
the option.

         VII. PLAN NOT TO AFFECT EMPLOYMENT

         Nothing in this Plan or options issued under it confers upon any
employee the right to continue in the employ of the Company.

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         VIII. NONTRANSFERABILITY OF THE OPTION

         No option granted under the Plan may be transferred or assigned
otherwise than by will or the laws of descent and distribution, nor may any
option be exercised by anyone other than the optionee during the optionee's
lifetime.

         IX. SEVERABILITY

         If any part of this Plan is determined to be invalid or void in any
respect, that determination will not affect, impair, invalidate or nullify the
remaining provisions of this Plan, which will continue in full force and effect.

         X. COMPLIANCE WITH SECURITIES LAWS

         If the Plan Shares have not been registered under the Securities Act of
1933 and any applicable state securities laws, the Company's obligation to issue
Plan Shares pursuant to the exercise of an option shall be conditioned upon
receipt of a representation letter in form satisfactory to the Company which
includes, among other things, a representation that the employee is acquiring
the Plan Shares for the employee's own account and not with a view to the
distribution; the certificate representing those Plan Shares will bear a legend
in a form deemed necessary or advisable by the SBS's legal counsel. In no event
shall the Company be obligated to issue any Plan Shares pursuant to the exercise
of an option if, in the opinion of SBS' legal counsel, that issuance would
result in a violation of any federal or state securities laws.

         XI. EFFECTIVENESS AND SHAREHOLDER APPROVAL

         The Plan is effective on January 21, 1996, subject to approval of the
shareholders of SBS. If approval by SBS shareholders is not obtained within
twelve months from the Plan's effective date, the Plan and any options issued
under it will be deemed void ab initio.

         XII. STOCK ADJUSTMENTS

                  A. STOCK DIVIDENDS, SPLITS AND THE LIKE.

                  In the event of a stock dividend, stock split,
recapitalization, merger in which SBS is the surviving corporation or other
capital adjustment affecting the outstanding shares of Common Stock, an
appropriate adjustment will be made, as determined by the SBS Board of
Directors, to the number of Plan Shares and the exercise price per Plan Share
with respect to any option granted under the Plan.

                  B. LIQUIDATION AND REORGANIZATION.

                  If SBS is liquidated or is a party to a reorganization,
consolidation or merger in which SBS is not the surviving corporation, any
option granted under the Plan will vest.

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         XIII. AMENDMENT AND TERMINATION

         The Committee or the SBS Board of Directors may at any time alter,
amend, suspend or terminate the Plan in whole or in part in any respect except
that upon termination of the Plan for reasons other than its failure to qualify
as an employee stock purchase plan under Section 423 of the Code, vested options
may still be exercised in accordance with their terms and, as to them, the Plan
will be considered to be in effect and not terminated until exercise or
expiration of the vested options. If the Plan is terminated because it fails to
comply with Section 423 of the Code, the Plan and all options issued under it,
whether or not vested, will terminate.

         XIV. APPLICABLE LAW

         This Plan will be construed in accordance with the laws of the State of
New Mexico, to the extent not pre-empted by applicable Federal law.

<Table>
<Caption>
                                     SCHEDULE A

         ANNUAL BASE PAY                                          ANNUAL OPTION GRANT
<S>                                                               <C>
         $0- $19,999                                                       150
         $20,000 - $39,999                                                 200
         $40,000 - $59,999                                                 350
         >$60,000                                                          500
</Table>

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