Document:

FORM OF OPTION AGREEMNT

 Exhibit 10.46 
  
 TERADYNE 
  

 TERADYNE, INC. 1991 EMPLOYEE STOCK OPTION PLAN 
 NOTICE OF
OPTION GRANT 
  

  

			
	Employee Name

	  	 Employee ID:

		
	Division:
Manager:
Location:	  	 

  
 You have been granted an option to
purchase XX shares of Teradyne common stock at the price of $XX per share. This grant, XX, was approved effective XXX and expires XXX. This grant is a non-qualified option under the Internal Revenue Code. 
  
 This option is subject to the Stock Option Terms printed on the reverse side and the terms of
the 1991 Employee Stock Option Plan, as amended. The option becomes exercisable over time as described in the Stock Option Terms. 
  
 This option has been duly authorized as of XXX. 
  
 TERADYNE, INC. 
  
 /s/ Eileen Casal 
 V.P., General Counsel and Clerk 
  
 (1991 Non-Q) 
 Grant #XX 

 STOCK OPTION TERMS 
  
  
 This option is governed by Teradyne’s 1991
Stock Option Plan, which controls the meaning of terms and the rights of the optionee. 
  
 1.    Option Exercise and Vesting 
  
 (a)    These options vest yearly on the grant date.  An employee with more than one year of
service on the Effective Date of this grant may exercise 20% of the grant during the first year and an additional 20% each year thereafter. An employee with less than one year of service on the Effective Date may not exercise this option during the
first year of the grant, but may exercise up to 25% of the total during each succeeding year. 
  
 (b)    After options become exercisable, they can be exercised at any time prior to the Expiration Date. The minimum
exercise amount is 10 shares, adjusted for stock splits, etc. 
  
 (c)    Separate rules apply for exercising options after termination or death of the optionee, as set forth in Sections 9 and 10 of the Plan. The optionee or his legal representative is encouraged
to consult with the Company in that event. 
  
 (d)    This option is not transferable (except by will or the laws of descent and distribution), and can be exercised only by the optionee during his lifetime. 
  
 2.    Procedure for Exercising Options 

 
 Options are exercised by giving written notice to the
Company and paying the full option price plus any required Government tax payment. The Company will pay any transfer or issue tax and deliver a certificate for the shares purchased. Payment can be made by a combination of cash, certified or bank
check, personal check, or delivery of shares of Teradyne common stock. If disposition of the shares is governed by Section 16(b) of the Securities and Exchange Act of 1934, payment may be made in installments as specified by the Board of Directors.
The optionee’s rights as a shareholder begin on the date the certificate is issued. 
  
 3.    Capital Changes and Business Succession 
  
 Section 13 of the Plan contains provision for adjusting the number of shares exercisable under this option if a recapitalization, stock
split, merger, etc. occurs. In that event, the optionee will be notified of the adjustment. 
  
 4.    Employment 
  
 Granting this option does not imply any right of continued employment by the Company or any subsidiary, and does not affect the right of the employee or the Company (or a subsidiary) to terminate employment at any
time. 
  
 5.    Stock Registration

  
 Shares to be issued upon exercise of this
option are currently registered under the Securities Act of 1933, as amended. If such registration is not in effect at the time of exercise, the optionee will be required to represent to the Company that he is acquiring such shares as an investment
and not with a view to the sale of those shares.FORM OF OPTION AGREEMENT

 Exhibit 10.47 
  
 TERADYNE 
  

 TERADYNE, INC. 1997 EMPLOYEE STOCK OPTION PLAN 
 NOTICE OF
OPTION GRANT 
  

  

			
	Name

	  	 Employee ID:

		
	Division:
Supervisor:
Location:	  	 

  
 In recognition of your contributions
to Teradyne, you have been granted an option to purchase XX shares of Teradyne common stock at the price of $XX per share. This grant, XX, was approved effective XXX and expires XXX. This grant is a non-qualified option under the Internal Revenue
Code. 
  
 This option is subject to the Stock Option Terms printed on the reverse
side and the terms of the 1997 Employee Stock Option Plan, as amended. The option becomes exercisable over time as described in the Stock Option Terms. 
  
 In granting stock options, Teradyne seeks to provide employees with incentive to help drive the company’s future success and to share in the economic benefits of
that success. We all look forward to your contributions to that effort. 
  
 This
option has been duly authorized as of XXX. 
  
 TERADYNE, INC. 
  
 /s/ Eileen Casal

 V.P., General Counsel and Clerk 
  

(1997 Non-Q) 
 Grant #XX 

 STOCK OPTION TERMS 
  
  
 This option is governed by and subject to
Teradyne’s 1997 Employee Stock Option Plan, as amended, which controls the meaning of terms and the rights of the optionee. 
  
 1.    Option Exercise and Vesting 
  
 (a)    These options vest yearly on the grant date.  An employee with more than one year of
service on the Effective Date of this grant may exercise up to 20% of the total grant during the first year and up to an additional 20% of the total grant each year thereafter until the total grant is fully exercisable. An employee with less than
one year of service on the Effective Date may not exercise this option during the first year of the grant, but may exercise up to 25% of the total grant during each succeeding year until the total grant is fully exercisable. 
  
 (b)    After options become exercisable,
they can be exercised at any time prior to the Expiration Date. The minimum exercise amount is 10 shares, adjusted for stock splits, etc. 
  
 (c)    Separate rules apply for exercising options after termination, death or disability of the optionee, as set
forth in Sections 9 and 10 of the Plan. The optionee or his legal representative is encouraged to consult with the Company in that event. 
  
 (d)    This option is not assignable or transferable (except by will or the laws of descent and distribution), and can
be exercised only by the optionee during his lifetime. 
  
 2.    Procedure for Exercising Options 
  
 Options are exercised by giving written notice to the Company and paying the full option price plus any required Government tax payment. The Company will pay any transfer or issue tax and deliver a certificate for the
shares purchased. Payment can be made by a combination of cash, certified or bank check, personal check, or delivery of shares of Teradyne common stock. The optionee’s rights as a shareholder begin on the date the certificate is issued.

  
 3.    Capital Changes and Business
Succession 
  
 Section 13 of the Plan
contains provision for adjusting the number of shares exercisable under this option if a recapitalization, stock split, merger, etc. occurs. In that event, the optionee will be notified of the adjustment, if any. 
  
 4.    Employment 
  
 Granting this option does not imply any right of continued
employment by the Company or any subsidiary, and does not affect the right of the employee or the Company (or a subsidiary) to terminate employment at any time. 
  

5.    Stock Registration 
  
 Shares to be issued upon exercise of this option are currently registered under the Securities Act of 1933, as amended. If such
registration is not in effect at the time of exercise, the optionee will be required to represent to the Company that he is acquiring such shares as an investment and not with a view to the sale of those shares.FORM OF OPTION AGREEMENT

 Exhibit 10.48 
  
 TERADYNE, INC. 
 NON-EMPLOYEE DIRECTOR STOCK OPTION 
 EFFECTIVE
                             
 EXPIRATION                              
  
 OPTION AGREEMENT by and between Teradyne, Inc., a Massachusetts
corporation (hereinafter the “Company”), and XXX (hereinafter the “Optionee”), pursuant to and subject to all the terms and conditions of the Company’s 1996 Non-Employee Director Stock Option Plan (the “Plan”), a
copy of which is attached hereto. The terms of the Plan are incorporated herein by reference and shall be deemed to be a part of this option agreement. In the event of any conflict between this option agreement and the provisions of the Plan, the
Plan shall govern. 
  
 Section 1. Grant of Option.
The Company grants to the Optionee an option to purchase, on the terms and conditions hereinafter set forth and as set forth in the Plan, XXX (the “Option Shares”) of the Company’s Common Stock, $XX par value, at the option price of
$XX per share. This grant is a non-qualified option under the Internal Revenue Code. 
  
 Section 2. Stock Registration. Shares to be issued upon exercise of this option are currently registered under the Securities Act of 1933, as amended. If such registration is not in effect at the time of
exercise, the optionee will be required to represent to the Company that he is acquiring such shares as an investment and not with a view to the sale of those shares. The certificate or certificates for the Option Shares shall be registered in the
name of the Optionee (or if the Optionee shall so request in the notice exercising this option, shall be registered in the name of the Optionee and another person jointly, with right of survivorship). 
  
 Section 3. Governing Law. This Agreement shall be governed by,
and construed and enforced in accordance with, the substantive law of the Commonwealth of Massachusetts. 
  
 Section 4. Entire Agreement. This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof,
supersedes any and all correspondence, discussions or agreements between the parties regarding equity incentives for the Optionee and satisfies all of the Company’s obligations with respect to the grant of equity incentives to the Optionee as
in effect on the date hereof. 
  
 IN WITNESS WHEREOF, the parties
have executed this Agreement as of XXX. 
  
 TERADYNE, INC. 
  
  
  
 By:                                      
               
             Michael A. Bradley 
             Chief Executive Officer 
  
  
  
  
 (1996 Non-Q) 
 Grant #XX 

 STOCK OPTION TERMS 
  
 This option is governed by Teradyne’s 1996 Non-Employee Director Stock Option Plan, which controls the meaning of terms
and the rights of the optionee. 
  

	 	1.	Option Exercise and Vesting 

  
 (a)    These options vest immediately on the grant date. 
  
 (b)    After options become exercisable,
they can be exercised at any time prior to the Expiration Date. The minimum exercise amount is 10 shares, adjusted for stock splits, etc. 
  
 (c)    Separate rules apply for exercising options after termination or death of the optionee, as set forth in Section
8 of the Plan. The optionee or his legal representative is encouraged to consult with the Company in that event. 
  
 (d)    This option is not transferable (except by will or the laws of descent and distribution), and can be exercised
only by the optionee during his lifetime. 
  

	 	2.	Procedure for Exercising Options 

  
 Options are exercised by giving written notice to the Company and paying the full option price plus any required Government tax payment.
The Company will pay any transfer or issue tax and deliver a certificate for the shares purchased. Payment can be made by a combination of cash, certified or bank check, personal check, or delivery of shares of Teradyne common stock. If disposition
of the shares is governed by Section 16(b) of the Securities and Exchange Act of 1934, payment may be made in installments as specified by the Board of Directors. The optionee’s rights as a shareholder begin on the date the certificate is
issued. 
  

	 	3.	Capital Changes and Business Succession 

  
 Section 10 of the Plan contains provision for adjusting the number of shares exercisable under this option if a recapitalization, stock
split, merger, etc. occurs In that event, the optionee will be notified of the adjustment. 
  

	 	4.	Stock Registration 

  
 Shares to be issued upon exercise of this option are currently registered under the Securities Act of 1933, as amended. If such
registration is not in effect at the time of exercise, the optionee will be required to represent to the Company that he is acquiring such shares as an investment and not with a view to the sale of those shares.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]