Document:

LINEAR TECHNOLOGY CORPORATION

                       2001 NONSTATUTORY STOCK OPTION PLAN

                            (Amended - July 23, 2002)

      1. Purposes of the Plan.  The purposes of this  Nonstatutory  Stock Option
Plan are:

      o     to attract and retain the best available  personnel for positions of
            substantial responsibility,

      o     to provide additional incentive to Employees and Consultants, and

      o     to promote the success of the Company's business.

      Options granted under the Plan will be Nonstatutory Stock Options.

      2. Definitions. As used herein, the following definitions shall apply:

            (a)  "Administrator"  means  the Board or any of its  Committees  as
shall be administering the Plan, in accordance with Section 4 of the Plan.

            (b)  "Applicable  Laws"  means  the  requirements  relating  to  the
administration  of stock  option plans under U.S.  state  corporate  laws,  U.S.
federal and state  securities  laws,  the Code,  any stock exchange or quotation
system on which the Common Stock is listed or quoted and the applicable  laws of
any foreign country or jurisdiction where Options are, or will be, granted under
the Plan.

            (c) "Board" means the Board of Directors of the Company.

            (d) "Code" means the Internal Revenue Code of 1986, as amended.

            (e)  "Committee"  means a committee  of  Directors  appointed by the
Board in accordance with Section 4 of the Plan.

            (f) "Common Stock" means the Common Stock of the Company.

            (g)  "Company"  means  Linear  Technology  Corporation,  a  Delaware
corporation.

            (h) "Consultant" means any person,  including an advisor, engaged by
the Company or a Parent or Subsidiary to render services to such entity.

            (i) "Director" means a member of the Board.

            (j) "Disability" means total and permanent  disability as defined in
Section 22(e)(3) of the Code.

<PAGE>

            (k)  "Employee"  means any  person  employed  by the  Company or any
Parent or Subsidiary of the Company. A Service Provider shall not cease to be an
Employee in the case of (i) any leave of absence approved by the Company or (ii)
transfers between  locations of the Company or between the Company,  its Parent,
any Subsidiary, or any successor. Neither service as a Director nor payment of a
director's fee by the Company shall be sufficient to constitute  "employment" by
the Company.

            (l)  "Exchange  Act" means the  Securities  Exchange Act of 1934, as
amended.

            (m) "Fair Market Value" means,  as of any date,  the value of Common
Stock determined as follows:

                  (i) If the  Common  Stock is listed on any  established  stock
exchange or a national market system,  including  without  limitation the Nasdaq
National Market or The Nasdaq  SmallCap  Market of The Nasdaq Stock Market,  its
Fair  Market  Value shall be the lower of the last sale price or the closing bid
price for such stock as quoted on such  exchange  or system for the last  market
trading day prior to the time of  determination,  as reported in The Wall Street
Journal or such other source as the Administrator deems reliable;

                  (ii) If the Common Stock is  regularly  quoted by a recognized
securities dealer but selling prices are not reported,  the Fair Market Value of
a Share of Common  Stock  shall be the lower of the last sale  price or the mean
between  the high bid and low  asked  prices  for the  Common  Stock on the last
market  trading day prior to the day of  determination,  as reported in The Wall
Street Journal or such other source as the Administrator deems reliable;

                  (iii) In the absence of an  established  market for the Common
Stock,  the  Fair  Market  Value  shall  be  determined  in  good  faith  by the
Administrator.

            (n)  "Notice  of  Grant"  means  a  written  or  electronic   notice
evidencing  certain  terms and  conditions of an  individual  Option grant.  The
Notice of Grant is part of the Option Agreement.

            (o)  "Officer"  means any  Employee who holds office at the level of
Vice President or above.

            (p) "Option" means a nonstatutory  stock option granted  pursuant to
the Plan,  that is not intended to qualify as an incentive  stock option  within
the  meaning  of  Section  422 of  the  Code  and  the  regulations  promulgated
thereunder.

            (q) "Option Agreement" means an agreement between the Company and an
Optionee  evidencing the terms and conditions of an individual Option grant. The
Option Agreement is subject to the terms and conditions of the Plan.

            (r) "Option  Exchange  Program" means a program whereby  outstanding
options are surrendered in exchange for options with a lower exercise price.

                                      -2-
<PAGE>

            (s) "Optioned Stock" means the Common Stock subject to an Option.

            (t)  "Optionee"  means the holder of an  outstanding  Option granted
under the Plan.

            (u) "Parent" means a "parent  corporation," whether now or hereafter
existing, as defined in Section 424(e) of the Code.

            (v) "Plan" means this 2001 Nonstatutory Stock Option Plan.

            (w) "Service Provider" means an Employee or Consultant.

            (x)  "Share"  means a share of the  Common  Stock,  as  adjusted  in
accordance with Section 12 of the Plan.

            (y) "Subsidiary"  means a "subsidiary  corporation,"  whether now or
hereafter existing, as defined in Section 424(f) of the Code.

      3. Stock Subject to the Plan.  Subject to the  provisions of Section 12 of
the Plan, the maximum  aggregate number of Shares which may be optioned and sold
under the Plan is 30,000,000 Shares. The Shares may be authorized, but unissued,
or reacquired Common Stock.

            If an Option  expires or becomes  unexercisable  without having been
exercised in full, or is surrendered pursuant to an Option Exchange Program, the
unpurchased  Shares which were subject thereto shall become available for future
grant or sale under the Plan (unless the Plan has terminated).

      4. Administration of the Plan.

            (a) Administration.  The Plan shall be administered by (i) the Board
or (ii) a Committee,  which committee shall be constituted to satisfy Applicable
Laws.

            (b) Powers of the  Administrator.  Subject to the  provisions of the
Plan, and in the case of a Committee,  subject to the specific duties  delegated
by the Board to such Committee,  the Administrator shall have the authority,  in
its discretion:

                  (i) to determine the Fair Market Value of the Common Stock;

                  (ii) to select the Service  Providers  to whom  Options may be
granted hereunder;

                  (iii) to  determine  whether  and to what  extent  Options are
granted hereunder;

                  (iv) to  determine  the number of shares of Common Stock to be
covered by each Option granted hereunder;

                  (v) to approve forms of agreement for use under the Plan;

                                      -3-
<PAGE>

                  (vi) to determine the terms and conditions,  not  inconsistent
with the  terms of the Plan,  of any award  granted  hereunder.  Such  terms and
conditions  include,  but are not limited to, the  exercise  price,  the time or
times  when  Options  may be  exercised  (which  may  be  based  on  performance
criteria),  any vesting acceleration or waiver of forfeiture  restrictions,  and
any restriction or limitation regarding any Option or the shares of Common Stock
relating thereto,  based in each case on such factors as the  Administrator,  in
its sole discretion, shall determine;

                  (vii) to reduce the  exercise  price of any Option to the then
current Fair Market  Value if the Fair Market Value of the Common Stock  covered
by such Option shall have declined since the date the Option was granted;

                  (viii) to institute an Option Exchange Program;

                  (ix) to  construe  and  interpret  the  terms  of the Plan and
awards granted pursuant to the Plan;

                  (x) to  prescribe,  amend and  rescind  rules and  regulations
relating to the Plan,  including  rules and  regulations  relating to  sub-plans
established for the purpose of satisfying applicable foreign laws;

                  (xi) to modify or amend each Option  (subject to Section 14(b)
of  the   Plan),   including   the   discretionary   authority   to  extend  the
post-termination  exercisability  period of  Options  longer  than is  otherwise
provided for in the Plan;  (xii) to authorize any person to execute on behalf of
the Company any instrument  required to effect the grant of an Option previously
granted by the Administrator;

                  (xiii) to determine the terms and  restrictions  applicable to
Options;

                  (xiv)  to  allow   Optionees   to  satisfy   withholding   tax
obligations  by  electing  to have the  Company  withhold  from the Shares to be
issued upon  exercise  of an Option  that number of Shares  having a Fair Market
Value equal to the minimum amount required to be withheld. The Fair Market Value
of the Shares to be withheld  shall be determined on the date that the amount of
tax to be withheld is to be  determined.  All  elections  by an Optionee to have
Shares  withheld  for this  purpose  shall be made in such form and  under  such
conditions as the Administrator may deem necessary or advisable; and

                  (xv) to make all  other  determinations  deemed  necessary  or
advisable for administering the Plan.

            (c)  Effect  of  Administrator's   Decision.   The   Administrator's
decisions,  determinations and interpretations shall be final and binding on all
Optionees and any other holders of Options.

                                      -4-
<PAGE>

      5.  Eligibility.  Options may be granted to Service  Providers;  provided,
however,  that  notwithstanding  anything to the contrary contained in the Plan,
Options may not be granted to Officers and Directors.

      6.  Limitation.  Neither  the Plan nor any  Option  shall  confer  upon an
Optionee any right with respect to continuing the Optionee's  relationship  as a
Service Provider with the Company,  nor shall they interfere in any way with the
Optionee's  right or the Company's  right to terminate such  relationship at any
time, with or without cause.

      7. Term of Plan. The Plan shall become  effective upon its adoption by the
Board. It shall continue in effect for ten (10) years,  unless sooner terminated
under Section 14 of the Plan.

      8. Term of Option.  The term of each Option  shall be stated in the Option
Agreement.

      9. Option Exercise Price and Consideration.

            (a) Exercise  Price.  The per share exercise price for the Shares to
be  issued  pursuant  to  exercise  of an  Option  shall  be  determined  by the
Administrator.

            (b)  Waiting  Period and  Exercise  Dates.  At the time an Option is
granted,  the Administrator  shall fix the period within which the Option may be
exercised and shall determine any conditions  which must be satisfied before the
Option may be exercised.

            (c) Form of  Consideration.  The  Administrator  shall determine the
acceptable form of consideration for exercising an Option,  including the method
of payment. Such consideration may consist entirely of:

                  (i) cash;

                  (ii) check;

                  (iii) promissory note;

                  (iv) other Shares,  provided Shares acquired from the Company,
(A) have been owned by the  Optionee for more than six (6) months on the date of
surrender,  and (B) have a Fair Market Value on the date of  surrender  equal to
the  aggregate  exercise  price of the Shares as to which said  Option  shall be
exercised;

                  (v)  consideration  received by the  Company  under a cashless
exercise program implemented by the Company in connection with the Plan;

                  (vi) a reduction in the amount of any Company liability to the
Optionee,  including any liability attributable to the Optionee's  participation
in any Company-sponsored deferred compensation program or arrangement;

                                      -5-
<PAGE>

                  (vii) such other  consideration  and method of payment for the
issuance of Shares to the extent permitted by Applicable Laws; or

                  (viii) any combination of the foregoing methods of payment.

      10. Exercise of Option.

            (a)  Procedure  for Exercise;  Rights as a  Shareholder.  Any Option
granted hereunder shall be exercisable according to the terms of the Plan and at
such times and under such conditions as determined by the  Administrator and set
forth in the Option Agreement.  An Option may not be exercised for a fraction of
a Share.

                  An Option shall be deemed exercised when the Company receives:
(i) written or  electronic  notice of exercise  (in  accordance  with the Option
Agreement)  from the person  entitled  to  exercise  the  Option,  and (ii) full
payment  for the Shares  with  respect to which the  Option is  exercised.  Full
payment may consist of any consideration and method of payment authorized by the
Administrator  and permitted by the Option Agreement and the Plan. Shares issued
upon  exercise of an Option  shall be issued in the name of the  Optionee or, if
requested  by the  Optionee,  in the name of the Optionee and his or her spouse.
Until the Shares are issued (as evidenced by the appropriate  entry on the books
of the Company or of a duly authorized transfer agent of the Company),  no right
to vote or receive  dividends or any other rights as a  shareholder  shall exist
with respect to the Optioned Stock,  notwithstanding the exercise of the Option.
The Company shall issue (or cause to be issued) such Shares  promptly  after the
Option is exercised.  No  adjustment  will be made for a dividend or other right
for which the record date is prior to the date the Shares are issued,  except as
provided in Section 12 of the Plan.

                  Exercising  an Option in any manner shall  decrease the number
of Shares thereafter available, both for purposes of the Plan and for sale under
the Option, by the number of Shares as to which the Option is exercised.

            (b)  Termination  of  Relationship  as a  Service  Provider.  If  an
Optionee ceases to be a Service  Provider,  other than upon the Optionee's death
or Disability, the Optionee may exercise his or her Option, but only within such
period of time as is specified in the Option  Agreement,  and only to the extent
that the Option is vested on the date of termination (but in no event later than
the expiration of the term of such Option as set forth in the Option Agreement).
In the absence of a specified  time in the Option  Agreement,  the Option  shall
remain  exercisable for three (3) months  following the Optionee's  termination.
If, on the date of  termination,  the  Optionee  is not  vested as to his or her
entire Option,  the Shares  covered by the unvested  portion of the Option shall
revert to the Plan. If, after termination, the Optionee does not exercise his or
her Option  within the time  specified  by the  Administrator,  the Option shall
terminate, and the Shares covered by such Option shall revert to the Plan.

            (c)  Disability of Optionee.  If an Optionee  ceases to be a Service
Provider as a result of the Optionee's Disability, the Optionee may exercise his
or her  Option  within  such  period  of  time  as is  specified  in the  Option
Agreement, to the extent the Option is vested on the date of

                                      -6-
<PAGE>

termination  (but in no  event  later  than the  expiration  of the term of such
Option as set forth in the Option Agreement). In the absence of a specified time
in the Option  Agreement,  the Option shall remain  exercisable  for twelve (12)
months following the Optionee's termination. If, on the date of termination, the
Optionee is not vested as to his or her entire Option, the Shares covered by the
unvested portion of the Option shall revert to the Plan. If, after  termination,
the  Optionee  does not  exercise  his or her Option  within the time  specified
herein, the Option shall terminate,  and the Shares covered by such Option shall
revert to the Plan.

            (d) Death of Optionee. If an Optionee dies while a Service Provider,
the Option may be  exercised  within such period of time as is  specified in the
Option  Agreement (but in no event later than the expiration of the term of such
Option as set forth in the Notice of Grant),  by the  Optionee's  estate or by a
person who acquires the right to exercise the Option by bequest or  inheritance,
but only to the extent  that the  Option is vested on the date of death.  In the
absence of a specified  time in the Option  Agreement,  the Option  shall remain
exercisable for twelve (12) months following the Optionee's termination.  If, at
the time of death,  the  Optionee is not vested as to his or her entire  Option,
the Shares  covered by the  unvested  portion  of the Option  shall  immediately
revert to the Plan. The Option may be exercised by the executor or administrator
of the Optionee's estate or, if none, by the person(s)  entitled to exercise the
Option under the Optionee's will or the laws of descent or distribution.  If the
Option is not so exercised  within the time specified  herein,  the Option shall
terminate, and the Shares covered by such Option shall revert to the Plan.

      11.  Non-Transferability  of Options.  Unless determined  otherwise by the
Administrator,  an  Option  may not be sold,  pledged,  assigned,  hypothecated,
transferred,  or disposed of in any manner  other than by will or by the laws of
descent  or  distribution  and may be  exercised,  during  the  lifetime  of the
Optionee,   only  by  the  Optionee.   If  the  Administrator  makes  an  Option
transferable,  such Option shall contain such additional terms and conditions as
the Administrator deems appropriate.

      12.  Adjustments Upon Changes in  Capitalization,  Dissolution,  Merger or
Asset Sale.

            (a) Changes in Capitalization. Subject to any required action by the
shareholders  of the Company,  the number of shares of Common  Stock  covered by
each  outstanding  Option,  and the number of shares of Common  Stock which have
been  authorized for issuance under the Plan but as to which no Options have yet
been  granted  or which  have been  returned  to the Plan upon  cancellation  or
expiration of an Option,  as well as the price per share of Common Stock covered
by each such  outstanding  Option,  shall be  proportionately  adjusted  for any
increase or decrease in the number of issued  shares of Common  Stock  resulting
from a  stock  split,  reverse  stock  split,  stock  dividend,  combination  or
reclassification  of the Common Stock,  or any other increase or decrease in the
number  of  issued  shares  of  Common  Stock   effected   without   receipt  of
consideration  by  the  Company;  provided,  however,  that  conversion  of  any
convertible securities of the Company shall not be deemed to have been "effected
without receipt of  consideration."  Such adjustment shall be made by the Board,
whose  determination  in that respect  shall be final,  binding and  conclusive.
Except as  expressly  provided  herein,  no issuance by the Company of shares of
stock of any class, or securities convertible into shares of stock of any class,
shall affect, and no adjustment by reason thereof shall be made with respect to,
the number or price of shares of Common Stock subject to an Option.

                                      -7-
<PAGE>

            (b)  Dissolution  or  Liquidation.  In the  event  of  the  proposed
dissolution or liquidation of the Company,  the Administrator  shall notify each
Optionee as soon as  practicable  prior to the  effective  date of such proposed
transaction.  The Administrator in its discretion may provide for an Optionee to
have the right to exercise  his or her Option  until ten (10) days prior to such
transaction as to all of the Optioned Stock covered thereby, including Shares as
to which the  Option  would not  otherwise  be  exercisable.  In  addition,  the
Administrator  may provide that any Company  repurchase option applicable to any
Shares  purchased  upon exercise of an Option shall lapse as to all such Shares,
provided the proposed  dissolution or liquidation takes place at the time and in
the manner contemplated.  To the extent it has not been previously exercised, an
Option will terminate  immediately  prior to the  consummation  of such proposed
action.

            (c) Merger or Asset  Sale.  In the event of a merger of the  Company
with or into another corporation, or the sale of substantially all of the assets
of the Company, each outstanding Option shall be assumed or an equivalent option
or right  substituted by the successor  corporation or a Parent or Subsidiary of
the successor  corporation.  In the event that the successor corporation refuses
to assume or  substitute  for the Option,  the Optionee  shall fully vest in and
have the right to exercise the Option as to all of the Optioned Stock, including
Shares as to which it would not otherwise be vested or exercisable. If an Option
becomes fully vested and  exercisable in lieu of assumption or  substitution  in
the event of a merger or sale of  assets,  the  Administrator  shall  notify the
Optionee in writing or electronically  that the Option shall be fully vested and
exercisable  for a period of thirty (30) days from the date of such notice,  and
the Option shall terminate upon the expiration of such period.  For the purposes
of this  paragraph,  the Option shall be  considered  assumed if,  following the
merger or sale of assets,  the option or right  confers the right to purchase or
receive,  for each Share of Optioned Stock,  immediately  prior to the merger or
sale of assets,  the consideration  (whether stock, cash, or other securities or
property)  received  in the merger or sale of assets by holders of Common  Stock
for each Share held on the  effective  date of the  transaction  (and if holders
were offered a choice of consideration,  the type of consideration chosen by the
holders of a majority of the outstanding  Shares);  provided,  however,  that if
such consideration received in the merger or sale of assets is not solely common
stock of the successor  corporation or its Parent,  the Administrator  may, with
the consent of the successor  corporation,  provide for the  consideration to be
received upon the exercise of the Option, for each Share of Optioned Stock to be
solely  common stock of the  successor  corporation  or its Parent equal in fair
market value to the per share consideration  received by holders of Common Stock
in the merger or sale of assets.

      13.  Date of  Grant.  The date of grant of an  Option  shall  be,  for all
purposes,  the date on which the Administrator makes the determination  granting
such Option,  or such other later date as is  determined  by the  Administrator.
Notice  of the  determination  shall  be  provided  to each  Optionee  within  a
reasonable time after the date of such grant.

                                      -8-
<PAGE>

      14. Amendment and Termination of the Plan.

            (a)  Amendment  and  Termination.  The Board may at any time  amend,
alter, suspend or terminate the Plan.

            (b) Effect of Amendment or  Termination.  No amendment,  alteration,
suspension or  termination  of the Plan shall impair the rights of any Optionee,
unless mutually  agreed  otherwise  between the Optionee and the  Administrator,
which  agreement  must be in writing and signed by the Optionee and the Company.
Termination of the Plan shall not affect the Administrator's ability to exercise
the powers  granted to it hereunder  with respect to options  granted  under the
Plan prior to the date of such termination.

      15. Conditions Upon Issuance of Shares.

            (a) Legal  Compliance.  Shares  shall not be issued  pursuant to the
exercise of an Option  unless the  exercise of such Option and the  issuance and
delivery of such Shares shall comply with  Applicable  Laws and shall be further
subject  to the  approval  of  counsel  for the  Company  with  respect  to such
compliance.

            (b) Investment Representations. As a condition to the exercise of an
Option the Company may require the person  exercising  such Option to  represent
and warrant at the time of any such exercise that the Shares are being purchased
only for investment and without any present intention to sell or distribute such
Shares if, in the opinion of counsel for the Company,  such a representation  is
required.

      16. Inability to Obtain Authority.  The inability of the Company to obtain
authority  from any  regulatory  body having  jurisdiction,  which  authority is
deemed by the Company's  counsel to be necessary to the lawful issuance and sale
of any Shares  hereunder,  shall relieve the Company of any liability in respect
of the failure to issue or sell such Shares as to which such requisite authority
shall not have been obtained.

      17. Reservation of Shares. The Company, during the term of this Plan, will
at all  times  reserve  and keep  available  such  number  of Shares as shall be
sufficient to satisfy the requirements of the Plan.

                                      -9-
<PAGE>

                          LINEAR TECHNOLOGY CORPORATION

                       2001 NONSTATUTORY STOCK OPTION PLAN

                             STOCK OPTION AGREEMENT

      Unless otherwise defined herein,  the terms defined in the Plan shall have
the same defined meanings in this Option Agreement.

I.    NOTICE OF STOCK OPTION GRANT

      Name:

      Address:

      You have been  granted an option to purchase  Common Stock of the Company,
subject to the terms and  conditions of the Plan and this Option  Agreement,  as
follows:

      Grant Number                              ___________________________

      Date of Grant                             ___________________________

      Vesting Commencement Date                 ___________________________

      Exercise Price per Share                  $__________________________

      Total Number of Shares Granted            ___________________________

      Total Exercise Price                      $__________________________

      Type of Option:                           Nonstatutory Stock Option

      Term/Expiration Date:                     ___________________________

      Vesting Schedule:                         ___________________________

      Subject to the Optionee continuing to be a Service Provider on such dates,
this Option shall vest and become  exercisable in accordance  with the following
schedule:

      [Vesting Schedule]

<PAGE>

      Termination Period:

      This  Option  may be  exercised,  to the  extent  vested  on the  date  of
termination,  for  [three  (3)  months]  after  Optionee  ceases to be a Service
Provider.  Notwithstanding  the  foregoing,  upon the death or Disability of the
Optionee,  this  Option may be  exercised,  to the extent  vested on the date of
termination,  for  [six  (6)  months]  after  Optionee  ceases  to be a  Service
Provider.   In  no  event  shall  this  Option  be  exercised   later  than  the
Term/Expiration Date as provided above.

II.   AGREEMENT

      1. Grant of Option. The Plan Administrator of the Company hereby grants to
the Optionee  named in the Notice of Grant  attached as Part I of this Agreement
(the  "Optionee") an option (the "Option") to purchase the number of Shares,  as
set forth in the Notice of Grant,  at the exercise  price per share set forth in
the Notice of Grant (the "Exercise Price"),  subject to the terms and conditions
of the Plan, which is incorporated herein by reference. Subject to Section 14(b)
of the Plan, in the event of a conflict  between the terms and conditions of the
Plan and the  terms  and  conditions  of this  Option  Agreement,  the terms and
conditions of the Plan shall prevail.

      2. Exercise of Option.

            (a) Right to Exercise. This Option is exercisable during its term in
accordance  with the  Vesting  Schedule  set out in the  Notice of Grant and the
applicable  provisions  of the Plan and this  Option  Agreement.

            (b) Method of Exercise. This Option is exercisable by delivery of an
exercise  notice,  in the form  attached as Exhibit A (the  "Exercise  Notice"),
which shall state the election to exercise  the Option,  the number of Shares in
respect of which the Option is being  exercised (the  "Exercised  Shares"),  and
such other  representations  and  agreements  as may be  required by the Company
pursuant to the provisions of the Plan.  The Exercise  Notice shall be completed
by the Optionee  and  delivered  to the  Company.  The Exercise  Notice shall be
accompanied  by  payment of the  aggregate  Exercise  Price as to all  Exercised
Shares.  This Option shall be deemed to be exercised upon receipt by the Company
of such fully executed  Exercise Notice  accompanied by such aggregate  Exercise
Price.

            No Shares  shall be issued  pursuant to the  exercise of this Option
unless such issuance and exercise  complies with Applicable Laws.  Assuming such
compliance,  for income tax purposes the  Exercised  Shares shall be  considered
transferred  to the Optionee on the date the Option is exercised with respect to
such Exercised Shares.

      3. Method of Payment.  Payment of the aggregate Exercise Price shall be by
any of the following, or a combination thereof, at the election of the Optionee:

            (a) cash;

            (b) check;

                                      -2-
<PAGE>

            (c) consideration  received by the Company under a cashless exercise
program implemented by the Company in connection with the Plan; or

            (d) surrender of other  Shares,  provided  Shares  acquired from the
Company, (i) have been owned by the Optionee for more than six (6) months on the
date of  surrender,  and (ii) have a Fair Market  Value on the date of surrender
equal to the aggregate Exercise Price of the Exercised Shares.

      4.  Non-Transferability  of Option.  This Option may not be transferred in
any manner  otherwise than by will or by the laws of descent or distribution and
may be exercised during the lifetime of Optionee only by the Optionee. The terms
of the Plan and this  Option  Agreement  shall be  binding  upon the  executors,
administrators, heirs, successors and assigns of the Optionee.

      5. Term of Option.  This Option may be exercised  only within the term set
out in the  Notice  of  Grant,  and may be  exercised  during  such term only in
accordance with the Plan and the terms of this Option Agreement.

      6. Withholding  Taxes.  Optionee agrees to make  appropriate  arrangements
with the Company (or the Parent or Subsidiary  employing or retaining  Optionee)
for the  satisfaction  of all  Federal,  state,  local and  foreign  income  and
employment  tax  withholding  requirements  applicable  to the Option  exercise.
Optionee  acknowledges  and  agrees  that the  Company  may  refuse to honor the
exercise  and refuse to deliver the Shares if such  withholding  amounts are not
delivered at the time of exercise.

      7. Entire  Agreement;  Governing Law. The Plan is  incorporated  herein by
reference. The Plan and this Option Agreement constitute the entire agreement of
the parties with  respect to the subject  matter  hereof and  supersede in their
entirety all prior  undertakings and agreements of the Company and Optionee with
respect to the subject matter hereof,  and may not be modified  adversely to the
Optionee's  interest  except by means of a writing  signed  by the  Company  and
Optionee.  This agreement is governed by the internal  substantive laws, but not
the choice of law rules, of California.

      8. NO GUARANTEE OF CONTINUED  SERVICE.  OPTIONEE  ACKNOWLEDGES  AND AGREES
THAT THE VESTING OF SHARES  PURSUANT TO THE  VESTING  SCHEDULE  HEREOF IS EARNED
ONLY BY  CONTINUING  AS A SERVICE  PROVIDER AT THE WILL OF THE COMPANY  (AND NOT
THROUGH THE ACT OF BEING HIRED,  BEING  GRANTED AN OPTION OR  PURCHASING  SHARES
HEREUNDER).  OPTIONEE FURTHER  ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT,  THE
TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO
NOT  CONSTITUTE  AN EXPRESS OR IMPLIED  PROMISE  OF  CONTINUED  ENGAGEMENT  AS A
SERVICE  PROVIDER FOR THE VESTING PERIOD,  FOR ANY PERIOD,  OR AT ALL, AND SHALL
NOT  INTERFERE  WITH  OPTIONEE'S  RIGHT  OR THE  COMPANY'S  RIGHT  TO  TERMINATE
OPTIONEE'S  RELATIONSHIP  AS A SERVICE  PROVIDER  AT ANY TIME,  WITH OR  WITHOUT
CAUSE.

                                      -3-
<PAGE>

      By your signature and the signature of the Company's representative below,
you and the Company  agree that this Option is granted under and governed by the
terms  and  conditions  of the Plan  and this  Option  Agreement.  Optionee  has
reviewed  the Plan and  this  Option  Agreement  in their  entirety,  has had an
opportunity  to obtain the  advice of counsel  prior to  executing  this  Option
Agreement and fully understands all provisions of the Plan and Option Agreement.
Optionee hereby agrees to accept as binding,  conclusive and final all decisions
or  interpretations of the Administrator upon any questions relating to the Plan
and Option  Agreement.  Optionee  further  agrees to notify the Company upon any
change in the residence address indicated below.

OPTIONEE                                         LINEAR TECHNOLOGY CORPORATION

_______________________________                  _______________________________
Signature                                        By

_______________________________                  _______________________________
Print Name                                       Title

_______________________________
Residence Address

_______________________________

                                      -4-
<PAGE>

                                    EXHIBIT A

                          LINEAR TECHNOLOGY CORPORATION

                       2001 NONSTATUTORY STOCK OPTION PLAN

                                 EXERCISE NOTICE

Linear Technology Corporation
[ADDRESS]

Attention: [Title]

      1. Exercise of Option. Effective as of today, ________________, _____, the
undersigned  ("Purchaser") hereby elects to purchase  ______________ shares (the
"Shares") of the Common Stock of Linear  Technology  Corporation (the "Company")
under and pursuant to the 2001  Nonstatutory  Stock Option Plan (the "Plan") and
the Stock Option Agreement dated, _________,  ___ (the "Option Agreement").  The
purchase  price for the Shares shall be  $__________,  as required by the Option
Agreement.

      2.  Delivery of Payment.  Purchaser  herewith  delivers to the Company the
full purchase  price for the Shares,  and any and all  withholding  taxes due in
connection with the exercise of the Option.

      3. Representations of Purchaser. Purchaser acknowledges that Purchaser has
received,  read and understood  the Plan and the Option  Agreement and agrees to
abide by and be bound by their terms and conditions.

      4.  Rights  as  Shareholder.  Until  the  issuance  (as  evidenced  by the
appropriate  entry on the books of the Company or of a duly authorized  transfer
agent of the  Company) of the Shares,  no right to vote or receive  dividends or
any other  rights as a  shareholder  shall  exist with  respect to the  Optioned
Stock,  notwithstanding the exercise of the Option. The Shares so acquired shall
be issued to the Optionee as soon as  practicable  after exercise of the Option.
No  adjustment  will be made for a dividend  or other right for which the record
date is prior to the date of  issuance,  except as provided in Section 12 of the
Plan.

      5. Tax  Consultation.  Purchaser  understands  that  Purchaser  may suffer
adverse tax  consequences as a result of Purchaser's  purchase or disposition of
the Shares.  Purchaser  represents  that  Purchaser has  consulted  with any tax
consultants  Purchaser  deems  advisable  in  connection  with the  purchase  or
disposition  of the Shares and that  Purchaser is not relying on the Company for
any tax advice.

      6. Entire  Agreement;  Governing  Law. The Plan and Option  Agreement  are
incorporated  herein  by  reference.  This  Agreement,  the Plan and the  Option
Agreement constitute the entire

<PAGE>

agreement of the parties with respect to the subject matter hereof and supersede
in their  entirety  all prior  undertakings  and  agreements  of the Company and
Purchaser  with respect to the subject  matter  hereof,  and may not be modified
adversely to the Purchaser's interest except by means of a writing signed by the
Company and Purchaser.  This  agreement is governed by the internal  substantive
laws, but not the choice of law rules, of California.

Submitted by:                                    Accepted by:

PURCHASER                                        LINEAR TECHNOLOGY CORPORATION

_______________________________                  _______________________________
Signature                                        By

_______________________________                  _______________________________
Print Name                                       Title

                                                 _______________________________
                                                 Date Received

Address: ______________________                  Address: ______________________

         ______________________                           ______________________

         ______________________                           ______________________

                                      -2-<PAGE>

                                                                     EXHIBIT 4.3

================================================================================

                          SECOND SUPPLEMENTAL INDENTURE

                           Dated as of April 23, 2002

                                     BETWEEN

                              SILGAN HOLDINGS INC.

                                       AND

                          BANK ONE TRUST COMPANY, N.A.
  (as successor in interest to THE FIRST NATIONAL BANK OF CHICAGO), as Trustee
                                       TO

                                    INDENTURE

                            Dated as of June 9, 1997

                                     BETWEEN

                              SILGAN HOLDINGS INC.
                 (as successor to SILGAN CORPORATION), as Issuer

                                       AND

                          BANK ONE TRUST COMPANY, N.A.
  (as successor in interest to THE FIRST NATIONAL BANK OF CHICAGO), as Trustee

================================================================================

<PAGE>

               This SECOND SUPPLEMENTAL INDENTURE, dated as of April 23, 2002
(the "Second Supplemental Indenture"), is entered into by and between Silgan
Holdings Inc., a Delaware corporation ("Holdings"), and Bank One Trust Company,
N.A. (as successor in interest to The First National Bank of Chicago), a
national banking association, as Trustee (the "Trustee").

                                    RECITALS

               WHEREAS, Silgan Corporation, a Delaware corporation (the
"Company"), and the Trustee entered into an Indenture, dated as of June 9, 1997
(the "Indenture"), pursuant to which the Company initially issued $300,000,000
in aggregate principal amount of the Debentures (such term and all other defined
terms used herein and not otherwise defined herein having the meanings set forth
in the Indenture); and

               WHEREAS, the Company, Holdings and the Trustee entered into the
First Supplemental Indenture, dated as of June 24, 1997 (the "First Supplemental
Indenture"), to provide for the assumption by Holdings of all obligations of the
Company under the Debentures and the Indenture;

               WHEREAS, in accordance with Section 2.03 of the Indenture, the
Trustee may at any time and from time to time, upon receipt of a Company Order,
authenticate for original issue Debentures in the aggregate principal amount
specified in such Company Order, provided that certain conditions set forth in
Section 2.03 of the Indenture are satisfied;

               WHEREAS, in accordance with Section 2.03 of the Indenture,
subject to Article Four of the Indenture and applicable law, the aggregate
principal amount of Debentures which may be authenticated and delivered under
the Indenture is unlimited;

               WHEREAS, in accordance with Section 2.15 of the Indenture,
Holdings may issue additional Debentures subsequent to the Closing Date,
provided that certain conditions set forth in Section 2.15 of the Indenture are
satisfied;

               WHEREAS, in accordance with Section 9.01 of the Indenture,
Holdings may amend certain terms of the Indenture without the consent of the
Holders to make any change that does not materially and adversely affect the
rights of any Holder;

               WHEREAS, the Board of Directors has, as evidenced by a Board
Resolution, authorized the amendment of the Indenture pursuant to this Second
Supplemental Indenture to clarify certain definitions in the Indenture in
connection with any issuance of additional Debentures after the Closing Date;
and

               WHEREAS, all things necessary to make this Second Supplemental
Indenture a valid supplement to the Indenture according to its terms have been
done;

               NOW, THEREFORE, THIS SECOND SUPPLEMENTAL INDENTURE WITNESSETH:

                                        1

<PAGE>

               For and in consideration of the premises, and of other valuable
consideration the sufficiency of which is hereby acknowledged, Holdings
covenants and agrees with the Trustee, for the equal and proportionate benefit
of all Holders, as follows:

                                    ARTICLE I

                                   DEFINITIONS

               Section 1.1. Amendment to Definitions. Each of the following
defined terms in Section 1.01 of the Indenture is amended and restated as
follows:

               "Closing Date" means the date on which the initial Debentures
were originally issued under the Indenture on June 9, 1997.

               "Debentures" means any of the securities, as defined in the first
paragraph of the recitals hereof, that are authenticated and delivered under
this Indenture. For all purposes of this Indenture, the term "Debentures" shall
include the Debentures initially issued on the Closing Date, any other
Debentures authenticated and delivered after the Closing Date under this
Indenture and any Registered Debentures to be issued and exchanged for any
Debentures pursuant to a Registration Rights Agreement and this Indenture. For
purposes of this Indenture, all Debentures shall vote together as one series of
Debentures under this Indenture.

               "Registration Rights Agreement" means the Registration Rights
Agreement, dated as of June 9, 1997, between the Company and Morgan Stanley &
Co. Incorporated and any other Registration Rights Agreement executed in
connection with the issuance of Debentures after the Closing Date.

               "Registration Statement" means the Registration Statement as
defined and described in the relevant Registration Rights Agreement.

                                   ARTICLE II

                                CLOSING DOCUMENTS

               Section 2.1. Documents to Be Given to Trustee. Pursuant to the
provisions of Section 11.03 of the Indenture, Holdings will deliver to the
Trustee an Opinion of Counsel and an Officers' Certificate, each dated as of
April 26, 2002, and each satisfying the provisions of Sections 9.01, 11.03 and
11.04 of the Indenture.

                                   ARTICLE III

                                  MISCELLANEOUS

               Section 3.1. Trustee's Acceptance. The Trustee accepts the
provisions of this Second Supplemental Indenture upon the terms and conditions
set forth in the Indenture;

                                        2

<PAGE>

provided, however, that the foregoing acceptance shall not make the Trustee
responsible in any manner whatsoever for the correctness of recitals or
statements by other parties herein.

               Section 3.2. Indenture to Remain in Full Force and Effect. Except
as hereby expressly provided, the Indenture, as supplemented and amended by the
First Supplemental Indenture and by this Second Supplemental Indenture, is in
all respects ratified and confirmed and all its terms, provisions and conditions
shall be and remain in full force and effect.

               Section 3.3. Rights, Etc. of Trustee. All recitals in this Second
Supplemental Indenture are made by Holdings only and not by the Trustee. All of
the provisions contained in the Indenture and in the First Supplemental
Indenture in respect of the rights, privileges, immunities, powers and duties of
the Trustee shall be applicable in respect hereof as fully and with like effect
as if set forth herein in full.

               Section 3.4. Successors and Assigns. All covenants and agreements
in this Second Supplemental Indenture made by Holdings shall bind their
respective successors and assigns, whether so expressed or not.

               Section 3.5. Notices and Demands on Issuer. Any notice or demand
which by any provision of this Second Supplemental Indenture, the First
Supplemental Indenture or the Indenture is required or permitted to be given or
served by the Trustee or by the Holders to or on Holdings (as successor to the
Company) may be given or served by being deposited postage prepaid, first-class
mail (except as otherwise specifically provided herein or in the Indenture)
addressed (until another address of the Issuer is filed by the Issuer with the
Trustee) to Silgan Holdings Inc., 4 Landmark Square, Suite 400, Stamford, CT
06901, Attention: General Counsel.

               Section 3.6. Conflict with Trust Indenture Act. If any provision
of this Second Supplemental Indenture limits, qualifies or conflicts with the
duties imposed by operation of Trust Indenture Act Section 318(c), the imposed
duties shall control.

               Section 3.7. Governing Law. The laws of the State of New York
shall govern this Second Supplemental Indenture. The Trustee, Holdings and the
Holders agree to submit to the jurisdiction of the courts of the State of New
York in any action or proceeding arising out of or relating to this Second
Supplemental Indenture.

               Section 3.8. Titles, Headings, Etc. The Article and Section
headings of this Second Supplemental Indenture are for convenience only and
shall not affect the construction hereof.

               Section 3.9. Separability Clause. In case any provision in this
Second Supplemental Indenture shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

               Section 3.10. Execution in Counterparts. This Second Supplemental
Indenture may be executed in any number of counterparts, each of which shall be
deemed an original, but such counterparts shall together constitute but one and
the same instrument.

                                        3

<PAGE>

               IN WITNESS WHEREOF, the parties hereto have caused this Second
Supplemental Indenture to be duly executed as of the date and year first above
written.

                                  SILGAN HOLDINGS INC.

                                  By: /s/ Frank W. Hogan, III
                                      -----------------------
                                      Frank W. Hogan, III
                                      Senior Vice President, General Counsel and
                                      Secretary

                                  BANK ONE TRUST COMPANY, N.A. (as
                                  successor in interest to THE FIRST NATIONAL
                                  BANK OF CHICAGO)

                                  By: /s/ Marty R. Fonti
                                      ------------------
                                      Marty R. Fonti
                                      Vice President

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