Document:

<PAGE>

                                                                    EXHIBIT 4.11
                          DEL GLOBAL TECHNOLOGIES CORP.
                              AMENDED AND RESTATED
                                STOCK OPTION PLAN
                   (As adopted effective as of January 1, 1994
                        and as amended December 14, 2000)

         1. Purpose of the Plan

         This is the controlling and definitive statement of the Del Global
Technologies Corp. Stock Option Plan (hereinafter called the PLAN). The purpose
of the PLAN is to advance the interests of the COMPANY by providing ELIGIBLE
PARTICIPANTS with financial incentives to promote the success of its long-term
business objectives, and to increase their proprietary interest in the success
of the COMPANY. It is the intent of the COMPANY to reward those ELIGIBLE
PARTICIPANTS who have a significant impact on improved long-term corporate
achievements. Inasmuch as the PLAN is designed to encourage financial
performance and to improve the value of shareholders' investments in DEL, the
costs of the PLAN will be funded from corporate earnings.

         2. Plan Administration

         The PLAN shall be administered by the COMMITTEE, which shall be
constituted in such a manner as to comply with the rules governing a plan
intended to qualify as a discretionary plan under RULE 16b-3.

         Subject to the provisions of the PLAN, the COMMITTEE shall have full
and final authority, in its sole discretion:

         (a) to determine the ELIGIBLE PARTICIPANTS to whom OPTIONS shall be
granted and the number of shares of COMMON STOCK to be awarded under each
OPTION, based on the recommendation of the CHIEF EXECUTIVE OFFICER (except that
awards to the CHIEF EXECUTIVE OFFICER shall be based on the recommendation of
the BOARD OF DIRECTORS);

         (b) to determine the time or times at which OPTIONS shall be granted;

         (c) to designate the OPTIONS being granted as ISOs or NON-QUALIFIED
STOCK OPTIONS;

----------------------------

         Capitalized words are defined in Section 18 hereof.

<PAGE>

         (d) to vary the OPTION vesting schedule described in Section 9 hereof;

         (e) to determine the terms and conditions, not inconsistent with the
terms of the PLAN, of any OPTION granted hereunder (including, but not limited
to, the consideration and method of payment for shares purchased upon the
exercise of an OPTION, and any vesting acceleration or exercisability provisions
in the event of a CHANGE IN CONTROL or TERMINATION), based in each case on such
factors as the COMMITTEE shall deem appropriate;

         (f) to approve forms of agreement for use under the PLAN;

         (g) to construe and interpret the PLAN and any related OPTION agreement
and to define the terms employed herein and therein;

         (h) except as provided in Section 16 hereof, to modify or amend any
OPTION or to waive any restrictions or conditions applicable to any OPTION or
the exercise thereof;

         (i) except as provided in Section 16 hereof, to prescribe, amend and
rescind rules, regulations and policies relating to the administration of the
PLAN;

         (j) except as provided in Section 16 hereof, to suspend, terminate,
modify or amend the PLAN;

         (k) to delegate to one or more agents such administrative duties as the
COMMITTEE may deem advisable, to the extent permitted by applicable law; and

         (l) to make all other determinations and take such other action with
respect to the PLAN and any OPTION granted hereunder as the COMMITTEE may deem
advisable, to the extent permitted by law.

         3. Shares of Stock Subject to the Plan

         There shall be reserved for use under the PLAN and for the grant of any
other incentive awards pursuant to the PLAN (subject to the provisions of
Section 12 hereof) a total of 2,624,293 shares of COMMON STOCK , which shares
may be authorized but unissued shares of COMMON STOCK or issued shares of COMMON
STOCK which shall have been reacquired by DEL.

         If any OPTION expires or terminates for any reason without having been
exercised in full, then any unexercised shares which were subject to such OPTION
(except shares as to which a related TANDEM SAR has been exercised) shall again
be available for the future grant of OPTIONS under the PLAN (unless the PLAN has
terminated). In addition, shares may be reused or added back to the PLAN to the
extent permitted by applicable law.

                                       2
<PAGE>

         4. Eligibility

         OPTIONS will be granted only to ELIGIBLE PARTICIPANTS. ISOs will be
granted only to EMPLOYEES. The COMMITTEE, in its sole discretion, may grant
OPTIONS to an ELIGIBLE PARTICIPANT who is a resident or citizen of a foreign
country, with such modifications as the COMMITTEE may deem advisable to reflect
the laws, tax policy or customs of such foreign country.

         The PLAN shall not confer upon any OPTIONEE any right to continuation
of employment, service as a DIRECTOR or consulting relationship with the
COMPANY; nor shall it interfere in any way with the right of the OPTIONEE or the
COMPANY to terminate such employment, service as a DIRECTOR or consulting
relationship at any time, with or without cause.

         5. Designation of Options

         At the time of the grant of each OPTION under this PLAN, the COMMITTEE
shall determine whether such OPTION is to be designated as an ISO or a
NON-QUALIFIED STOCK OPTION; provided, however, that ISOs may be granted only to
EMPLOYEES.

         Notwithstanding such designation, to the extent that the aggregate FAIR
MARKET VALUE (determined for each share as of the date of grant of the OPTION
covering each share) of the shares with respect to which OPTIONS ISOs become
exercisable for the first time by any OPTIONEE during any calendar year exceeds
$100,000, such OPTIONS shall be treated as NON-QUALIFIED STOCK OPTIONS.

         OPTIONS shall be awarded at no cost to the OPTIONEE.

         6. Option Price

         The OPTION PRICE of the COMMON STOCK under each OPTION issued shall be
the FAIR MARKET VALUE of the COMMON STOCK on the date of grant with respect to
ISOs. The OPTION PRICE of the COMMON STOCK under each OPTION issued shall be
equal to, more than, or less than the FAIR MARKET VALUE of the COMMON STOCK on
the date of grant with respect to NON-QUALIFIED STOCK OPTIONS.

         No ISO shall be granted to an EMPLOYEE who, at the time the ISO is
granted, owns (actually or constructively under the provisions of Section 424(d)
of the CODE) stock possessing more then ten (10%) percent of the total combined
voting power of all classes of stock of the COMPANY, unless the OPTION PRICE is
at least 110% of the FAIR MARKET VALUE (determined as of the time the ISO is
granted) of the shares of COMMON STOCK subject to the ISO and the ISO by its
terms is not exercisable more than five (5) years from the date it is granted.

                                       3
<PAGE>

         7. Stock Appreciation Rights

         At the discretion of the COMMITTEE, an OPTION may be granted with or
without a TANDEM SAR which permits the OPTIONEE to surrender unexercised an
OPTION or portion thereof and to receive in exchange a payment having a value
equal to the difference between (x) the FAIR MARKET VALUE of the COMMON STOCK
covered by the surrendered portion of the OPTION on the date the SAR is
exercised and (y) the OPTION PRICE for such COMMON STOCK. The SAR is subject to
the same terms and conditions as the related OPTION, except that (i) the SAR may
be exercised only when there is a positive spread (i.e., when the FAIR MARKET
VALUE of the COMMON STOCK subject to the OPTION exceeds the OPTION PRICE), and
(ii) if the OPTIONEE is a SECTION 16 OFFICER, DIRECTOR or other person whose
transactions in the COMMON STOCK are subject to Section 16(b) of the EXCHANGE
ACT, the SAR may be exercised only during the period beginning on the third
(3rd) business day following the date of release of the COMPANY's quarterly or
annual statement of earnings and ending on the twelfth (12th) business day
following such date. Upon the exercise of a SAR, the number of shares subject to
exercise under the related OPTION shall be automatically reduced by the number
of shares represented by the OPTION or portion thereof surrendered. No payment
will be required from the OPTIONEE upon the exercise of a SAR, except that any
amount necessary to satisfy applicable federal, state or local tax requirements
shall be withheld.

         8. Terms of Options

         The term of each ISO shall be for ten (10) years from the date of
grant, subject to earlier termination as provided in Section 10 hereof and
subject to the provisions of Section 6 hereof. The term of each NON-QUALIFIED
STOCK OPTION shall be fifteen (15) years from the date of grant, subject to
earlier termination as provided in Section 10 hereof. All OPTIONS granted
heretofore under the NON-QUALIFIED STOCK OPTION PLAN shall have a term of
fifteen (15) years from the date of grant. Any stock options expiring within the
period during which the Company's shares are suspended from trading on the
NASDAQ Stock Market shall be subject to an extension of 6 months from the
earlier of (i) the date trading resumes on a recognized National exchange or
(ii) the filing of the Company's Form 10K for the fiscal year ended July 29,
2000, Forms 10K for the first two quarters of fiscal 2001, and any other
required filings. Any provision of the PLAN to the contrary notwithstanding, no
OPTION shall be exercised after the time limitations stated in this Section 8.

         9. Limitations on Exercise; Withholding for Taxes

         Subject to amendment by the COMMITTEE, each OPTION granted under the
PLAN shall become exercisable and vested only to the following extent: (i) up to
twenty-five (25%) percent of the OPTIONS granted may be exercised on or after
the first (1st) anniversary of the date of grant; (ii) up to fifty (50%) percent
of the OPTIONS granted may be exercised on or after the second (2nd) anniversary
of the date of grant; (iii) up to seventy-five (75%) percent of the OPTIONS
granted may be exercised on or after the third (3rd) anniversary of the date of
grant; and (iv) up to one hundred (100%) percent of the OPTIONS granted may be
exercised on or after the fourth (4th) anniversary of the date of grant.

                                       4
<PAGE>

         In the event the COMPANY is required to withhold any federal, state or
local taxes in respect of (i) any compensation income realized by any OPTIONEE
as a result of any disqualifying disposition of any shares of COMMON STOCK
acquired upon exercise of an ISO granted hereunder, (ii) any shares of COMMON
STOCK acquired upon exercise of a NON-QUALIFIED STOCK OPTION, or (iii) any
payment made upon exercise of a SAR, the COMPANY shall deduct from any payments
of any kind otherwise due to such OPTIONEE the aggregate amount of federal,
state or local taxes required to be so withheld or, if such payments are
insufficient to satisfy such federal, state or local taxes, or if no such
payments are due or to become due to such OPTIONEE, then such OPTIONEE will be
required to pay the COMPANY, or make other arrangements satisfactory to the
COMPANY regarding payment to the COMPANY of, the aggregate amount of such taxes.
All matters with respect to the total amount of taxes to be withheld in respect
of any such compensation income shall be determined by the COMMITTEE in its sole
discretion.

         10. Termination of Employment or Relationship with the Company

         (a) In the event of a TERMINATION by reason of a discharge or
TERMINATION FOR CAUSE, any unexercised OPTIONS theretofore granted to an
OPTIONEE under the PLAN shall forthwith terminate.

         (b) In the event of a TERMINATION by reason of RETIREMENT, all OPTIONS
held by the OPTIONEE, to the extent that such OPTIONS have not previously
expired or been exercised, shall become fully exercisable and vested,
notwithstanding the provisions of Section 9 hereof, and the OPTIONEE shall have
the right to exercise such OPTIONS in full at any time within their respective
terms or within five (5) years after such RETIREMENT, whichever is shorter. This
five-year period shall be extended if an OPTIONEE remains on the BOARD OF
DIRECTORS after RETIREMENT. In such case, the OPTIONS may be exercised as long
as the OPTIONEE remains a DIRECTOR and for a period of six (6) months
thereafter, or within five (5) years after RETIREMENT, whichever is longer;
provided, however, that no OPTION may be exercised after the expiration of its
term. Notwithstanding the foregoing, any ISOs held by the OPTIONEE may be
exercised only within their respective terms or within three (3) months after
RETIREMENT, whichever is shorter.

         (c) In the event of a TERMINATION by reason of disability or death, all
OPTIONS held by the OPTIONEE, to the extent that such OPTIONS have not
previously expired or been exercised, shall become fully exercisable and vested,
notwithstanding the provisions of Section 9 hereof, and the OPTIONEE (or the
OPTIONEE'S estate or a person who acquired the right to exercise such OPTIONS by
bequest or inheritance) shall have the right to exercise such OPTIONS at any
time within their respective terms or within three (3) years after the date of
such TERMINATION, whichever is shorter. The term "disability" shall, for the
purposes of these Rules, be defined in Section 22(e)(3) of the CODE.

                                       5
<PAGE>

         (d) In the event of a TERMINATION by reason of a divestiture or change
in control of a subsidiary of DEL, which divestiture or change in control
results in such subsidiary no longer qualifying as a subsidiary corporation
under Section 424(f) of the CODE, all OPTIONS held by the OPTIONEE, to the
extent that such OPTIONS have not previously expired or been exercised, shall
become fully exercisable and vested, notwithstanding the provisions of Section 9
hereof, and the OPTIONEE shall have the right to exercise such OPTIONS in full
at any time within their respective terms or within three (3) years after such
TERMINATION, whichever is shorter. This three-year period shall be extended if
an OPTIONEE remains on the BOARD OF DIRECTORS after such TERMINATION. In such
case, the OPTIONS may be exercise as long as the OPTIONEE remains a DIRECTOR and
for a period of six (6) months thereafter, or within three (3) years after such
TERMINATION, whichever is longer; provided, however, that no OPTION may be
exercised after the expiration of its term. Notwithstanding the foregoing, any
ISOs held by the OPTIONEE may be exercised only within their respective terms or
within three (3) months after such TERMINATION, whichever is shorter.

         (e) In the event of a TERMINATION for any reason other than those
specified in subparagraphs (a) through (d) above, any unexercised OPTION or
OPTIONS granted under the PLAN shall be deemed cancelled and terminated
forthwith, except that the OPTIONEE may exercise any unexercised OPTIONS
theretofore granted which are otherwise exercisable and vested within the
provisions of Section 9 hereof, during the balance of their respective terms or
within nine (9) months of such TERMINATION, whichever is shorter.

         (f) Notwithstanding the provisions of subparagraphs (a) through (e)
above, the COMMITTEE may, in its sole discretion, establish different terms and
conditions pertaining to the effect of TERMINATION, to the extent permitted by
applicable federal and state law.

         11. Payment for Shares Upon Exercise of Options

         The exercise of any OPTION shall be contingent upon receipt by the
COMPANY of (i) cash, (ii) check, (iii) shares of COMMON STOCK, (iv) an executed
exercise notice together with irrevocable instructions to a broker to either
sell the shares subject to the OPTION or hold such shares as collateral for a
margin loan and to promptly deliver to the COMPANY the amount of sale or loan
proceeds required to pay the OPTION PRICE, (v) any combination of the foregoing
in an amount equal to the full OPTION PRICE of the shares being purchased, or
(vi) such other consideration and method of payment, other than a note from the
OPTIONEE, as the COMMITTEE, in its sole discretion, may allow (which, in the
case of an ISO shall be determined at the time of grant), to the extent
permitted by applicable law. For purposes of this paragraph, shares of COMMON
STOCK that are delivered in payment of the OPTION PRICE must have been
previously owned by the OPTIONEE for a minimum of one year, and shall be valued
at their FAIR MARKET VALUE as of the date of the exercise of the OPTION.

         12. Adjustments Upon Changes in Number or Value of Shares of Common
         Stock

         If there are any changes in the number or value of shares of COMMON
STOCK by reason of stock dividends, stock splits, reverse stock splits,
recapitalizations, mergers, consolidations or other events that materially
increase or decrease the number or value of issued and outstanding shares of
COMMON STOCK, the COMMITTEE may make such adjustments as it shall deem
appropriate, to prevent dilution or enlargement of rights, in (i) the number of
shares of COMMON STOCK available for future grants of OPTIONS under the PLAN,
(ii) the number of shares of COMMON STOCK covered by OPTIONS then outstanding,
and (iii) the price per share of COMMON STOCK covered by each such outstanding
OPTION.

                                       6
<PAGE>

         13. Non-Transferability of Options

         An OPTION shall not be transferable by the OPTIONEE otherwise than by
will or the laws of descent and distribution, or pursuant to a qualified
domestic relations order as defined by the CODE, Title I of ERISA or the rules
thereunder. During the lifetime of the OPTIONEE, an OPTION may be exercised only
by the OPTIONEE or by an alternate payee under qualified domestic relations
order. Notwithstanding the foregoing, the COMMITTEE may, in its discretion,
establish different terms of transferability, to the extent permitted by
applicable law.

         14. Change in Control

         Upon the occurrence of a CHANGE IN CONTROL (as defined below):

         (a) Any time periods relating to the exercise of any OPTION granted
hereunder shall be accelerated so that such OPTION may be immediately exercised
in full; and

         (b) The COMMITTEE may offer any OPTIONEE the option of having the
COMPANY purchase his or her OPTION for an amount of cash which could have been
attained upon the exercise of such OPTION had it been fully exercisable; unless
the COMMITTEE in its sole discretion determines that such CHANGE IN CONTROL will
not adversely impact the OPTIONEES of OPTIONS hereunder and is in the best
interests of the shareholders of DEL. The COMMITTEE may make such further
provisions with respect to a CHANGE IN CONTROL as it shall deem equitable and in
the best interests of the shareholders of DEL. Such provision may be made in any
agreement relating to any OPTION granted hereunder, by amendment to any such
agreement or by resolution of the COMMITTEE.

         The phrase "CHANGE IN CONTROL" shall have such meaning as ascribed
thereto from time to time by the COMMITTEE and set forth in any agreement
relating to any OPTION granted hereunder or by resolution of the COMMITTEE;
provided, however, that, notwithstanding the foregoing, a "CHANGE IN CONTROL"
shall be deemed to have occurred if:

         (a) any "person" (as such term is used in Section 13(d) and 14(d)(2) of
the EXCHANGE ACT, but excluding any benefit plan for EMPLOYEES or any trustee,
agent or other fiduciary for any such plan acting in such person's capacity as
such fiduciary), directly or indirectly, becomes the beneficial owner of
securities of DEL representing twenty percent (20%) or more of the combined
voting power of DEL's then outstanding securities;

            (b) during any two consecutive years, individuals who at the
beginning of such a period constitute the BOARD OF DIRECTORS cease for any
reason to constitute at least a majority of the BOARD OF DIRECTORS, unless the
election, or the nomination for election by the shareholders of DEL, of each new
DIRECTOR was approved by a vote of at least two-thirds (b) of the DIRECTORS then
still in office who were DIRECTORS at the beginning of the period; or

            (c) the shareholders of DEL shall have approved (i) any
consolidation or merger of DEL in which DEL is not the continuing or surviving
corporation or pursuant to which shares of COMMON STOCK are converted into cash,
securities or other property, other than a merger of DEL in which the holders of
the COMMON STOCK immediately prior to the merger have the same proportionate
ownership of common stock of the surviving corporation immediately after the
merger, (ii) any sale, lease, exchange, or other transfer (in one transaction or
a series of related transactions) of all or substantially all of the assets of
the COMPANY, or (iii) any plan or proposal for the liquidation or dissolution of
DEL.

                                       7
<PAGE>

         15. Listing and Registration of Shares

         Each OPTION shall be subject to the requirement that if at any time the
COMMITTEE shall determine in its discretion, that the listing, registration or
qualification of the shares covered thereby under any securities exchange or
under any state or federal law or the consent or approval of any governmental
regulatory body is necessary or desirable as a condition of, or in connection
with, the granting of such OPTION or the issue or purchase of shares thereunder,
such OPTION may not be exercised in whole or in part unless and until such
listing, registration, qualification, consent or approval shall have been
effected or obtained free of any conditions not acceptable to the COMMITTEE.

         16. Amendment and Termination of the Plan and Options

         The BOARD OF DIRECTORS or the COMMITTEE may at any time suspend,
terminate, modify or amend the PLAN in any respect; provided, however, that, to
the extent necessary and desirable to comply with RULE 16b-3 or with Section 422
of the CODE (or any other applicable law or regulation, including the
requirements of any stock exchange on which the COMMON STOCK is listed or
quoted), shareholder approval of any PLAN amendment shall be obtained in such a
manner and to such a degree as is required by the applicable law or regulation.

         No suspension, termination, modification or amendment of the PLAN may,
without the consent of the OPTIONEE, adversely affect his or her rights under
OPTIONS theretofore granted to such OPTIONEE. In the event of amendments to the
CODE or applicable rules or regulations relating to ISOs subsequent to the date
hereof, the COMPANY may amend the PLAN, and the COMPANY and OPTIONEES holding
OPTION agreements may agree to amend outstanding OPTION agreements, to conform
to such amendments.

         The COMMITTEE may make such amendments or modifications in the terms
and conditions of any OPTION as it may deem advisable, or cancel or annul any
grant of an OPTION; provided, however, that no such amendment, modification,
cancellation or annulment may, without the consent of the OPTIONEE, adversely
affect his or her rights under such OPTION; and provided, further, the COMMITTEE
may not reduce the OPTION PRICE or purchase price of any OPTION below the
original OPTION PRICE or purchase price.

         Notwithstanding the foregoing, the COMMITTEE reserves the right, in its
sole discretion, to (i) convert any outstanding ISOs to NON-QUALIFIED STOCK
OPTIONS, (ii) to require a OPTIONEE to forfeit any unexercised or unpurchased
OPTIONS, any shares received or purchased pursuant to an OPTION, or any gains
realized by virtue of the receipt of an OPTION in the event that such OPTIONEE
competes against the COMPANY, and (iii) to cancel or annul any grant of an
OPTION in the event of a OPTIONEE's TERMINATION FOR CAUSE. For purposes of the
PLAN, "TERMINATION FOR CAUSE' shall mean termination for cause which results
from the commission of a felony, fraud, willful misconduct or gross negligence
which has resulted or may result in material damage to the COMPANY, in the sole
discretion of the COMMITTEE.

                                       8
<PAGE>

         17. Effective Date of Program and Duration

         This PLAN shall become effective as of January 1, 1994. Upon this PLAN
becoming effective, the COMPANY's existing NON-QUALIFIED STOCK OPTION PLAN will
be amended and restated, so that the stock option provisions contained in this
PLAN will apply to all stock options granted under the existing NON-QUALIFIED
STOCK OPTION PLAN. Unless terminated sooner pursuant to Section 16 hereof, the
PLAN shall terminate on December 31, 2009.

         18. Definitions

                  a.       BOARD OF DIRECTORS means the Board of Directors of
                           DEL.

                  b.       CHANGE IN CONTROL has the meaning set forth in
                           Section 14 hereof.

                  c.       CHIEF EXECUTIVE OFFICER means the Chief Executive
                           Officer of DEL.

                  d.       CODE means the Internal Revenue Code of 1986, as
                           amended from time to time.

                  e.       COMMITTEE means the committee appointed by the BOARD
                           OF DIRECTORS from time to time to administer the PLAN
                           and to serve at the pleasure of the BOARD OF
                           DIRECTORS, or any successor to such committee.

                  f.       COMMON STOCK means common shares of DEL with a par
                           value of $.10 per share.

                  g.       COMPANY means DEL, and any parent corporation (as
                           defined in Section 424(e) of the CODE) or subsidiary
                           corporation (as defined in Section 424(f) of the
                           CODE).

                  h.       CONSULTANT means any person, including an advisor,
                           who is engaged by the COMPANY to render services.

                  i.       DEL means Del Global Technologies Corp., a New York
                           corporation.

                  j.       DIRECTOR means any person who is a member of the
                           BOARD OF DIRECTORS, including an advisory, emeritus
                           or honorary director.

                                       9
<PAGE>

                  k.       ELIGIBLE PARTICIPANT means any KEY EMPLOYEE. It also
                           means, if so identified by the COMMITTEE, other
                           EMPLOYEES, DIRECTORS, CONSULTANTS, employees or
                           consultants of any affiliates of DEL, and other
                           persons whose participation in the PLAN is deemed by
                           the COMMITTEE to be in the best interests of the
                           COMPANY.

                  l.       EMPLOYEE means any person who is employed by the
                           COMPANY. The payment of a director's fee or
                           consulting fee by the COMPANY shall not be sufficient
                           to constitute "employment" by the COMPANY.

                  m.       ERISA means the Employee Retirement Income Security
                           Act of 1974, as amended.

                  n.       EXCHANGE ACT means the Securities Exchange Act of
                           1934, as amended.

                  o.       FAIR MARKET VALUE means the closing price of the
                           COMMON STOCK reported on the American Stock Exchange
                           for the date specified for determining such value.

                  p.       ISO means an OPTION intended to qualify as an
                           incentive stock option under Section 422 of the CODE.

                  q.       KEY EMPLOYEE means the Corporate Secretary,
                           Treasurer, Vice Presidents and other executive
                           officers of DEL above the rank of Vice President. It
                           also means, if so identified by the COMMITTEE,
                           executive officers of wholly-owned subsidiaries of
                           DEL (including subsidiaries which become such after
                           adoption of the PLAN) and any other key management
                           employee of DEL or any wholly-owned subsidiary of
                           DEL.

                  r.       NON-EMPLOYEE DIRECTOR means a DIRECTOR who is not an
                           EMPLOYEE.

                  s.       NON-QUALIFIED STOCK OPTION means any OPTION which is
                           not an ISO.

                  t.       NON-QUALIFIED STOCK OPTION PLAN means the COMPANY's
                           Non-Qualified Stock Option Plan which was adopted by
                           the COMPANY's BOARD OF DIRECTORS on September 26,
                           1985 and approved by the COMPANY's stockholders on
                           December 10, 1985.

                  u.       OPTION means an option to purchase shares of COMMON
                           STOCK granted under the PLAN.

                  v.       OPTIONEE means the ELIGIBLE PARTICIPANT receiving the
                           OPTION, or his or her legal representative, legatees,
                           distributees or alternate payees, as the case may be.

                                       10
<PAGE>

                  w.       OPTION PRICE means the purchase price for the COMMON
                           STOCK upon exercise of an OPTION.

                  x.       PLAN means this Stock Option Plan or any successor
                           plan which the COMMITTEE may adopt from time to time
                           with respect to the grant of OPTIONS under the PLAN.

                  y.       RETIREMENT means the actual retirement date of an
                           Employee, which shall be determined by the COMMITTEE.

                  z.       RULE 16b-3 means Rule 16b-3 under the EXCHANGE ACT or
                           any successor to Rule 16b-3, as in effect when
                           discretion is being exercised with respect to the
                           Plan.

                  aa.      SAR means a stock appreciation right whose value is
                           based on the increase in the FAIR MARKET VALUE of the
                           COMMON STOCK covered by such right.

                  bb.      SECTION 16 OFFICER means any person who is designated
                           by the BOARD OF DIRECTORS as an executive officer of
                           DEL and any other person who is designated as an
                           officer of DEL for purposes of Section 16 of the
                           EXCHANGE ACT.

                  cc.      TANDEM refers to a SAR granted in conjunction with an
                           OPTION.

                  dd.      TERMINATION occurs when an EMPLOYEE ceases to be
                           employed by the COMPANY as a common law employee,
                           when a DIRECTOR ceases to be a member of the BOARD OF
                           DIRECTORS or when the relationship between the
                           COMPANY and a CONSULTANT or other ELIGIBLE
                           PARTICIPANT terminates, as the case may be.

                  ee.      TERMINATION FOR CAUSE has the meaning set forth in
                           Section 16 hereof.

                                       11<PAGE>

                                                                   Exhibit 10.11
DG               $

This Subordinated Promissory Note ("Note") is one of a series of subordinated
promissory notes, all with terms and conditions substantially similar to this
Note, issued in settlement of a class action lawsuit against the Company and
others.

DEL GLOBAL TECHNOLOGIES CORP.
SUBORDINATED PROMISSORY NOTE
DUE MARCH 28, 2007

CUSIP 245073 AA 9

         FOR VALUE RECEIVED, Del Global Technologies Corp., a New York
corporation having an address of 1 Commerce Park, Valhalla, New York 10595 (the
"Company"), hereby promises to pay, in accordance with the terms of this
Subordinated Promissory Note (this "Note"), including, without limitation, the
subordination provisions set forth herein, to the order of

(the "Holder"), having an address of

the principal sum of

together with all interest accrued thereon.

1. Countersignature; Registrar.

         (a) This note shall not be valid until countersigned by the Registrar

         (b) Continental Stock Transfer & Trust Company ("Registrar") shall act
as registrar of this Note and shall keep a record of the Holder hereof and any
valid transferees. Unless notified otherwise, the principal office of the
Registrar is located at 17 Battery Place, New York, New York 10004 ("Principal
Office"). Upon notice to the Holder, the Company may replace or remove the
Registrar at any time and for any reason.

2. Interest; Payment.

         (a) Interest shall accrue from and after the date hereof on the
principal amount outstanding at a rate of six percent (6%) per annum. Interest
shall be calculated on the basis of a 365-day year and the actual number of days
elapsed. All payments shall be paid in lawful money of the United States of
America in immediately available funds at the address of Holder as first set
forth above or at such other place as Holder may designate. If any payment on
this Note shall be due on a Saturday, a Sunday, or a day which is a legal
holiday, the payment shall be made without default on the next succeeding day
which is a business day, but any interest-bearing portions of the payment shall
continue to accrue interest until payment during the extension.

         (b) Upon receipt of a notice from the paying agent designated by the
Company or the Company ("Paying Agent") advising the Holder that a payment on
this Note will be made, the Holder shall return this Note to the Paying Agent
for cancellation, payment and reissuance (if applicable). No payment on account
of this Note will be made by the Paying Agent unless and until the Paying Agent
receives this Note for cancellation and reissuance (if applicable).

<PAGE>

3. Maturity Date. Subject to the subordination provisions set forth herein, the
entire outstanding balance of this Note, including principal and accrued
interest (the "Note Balance"), will be due and payable in a single installment
on the fifth anniversary of the date of issuance (the "Maturity Date"). THE
PROVISIONS OF THIS NOTE ARE CONTINUED ON THE REVERSE SIDE OF THIS NOTE, AND
THESE CONTINUED PROVISIONS WILL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET
FORTH ON THE FACE OF THIS NOTE.

         IN WITNESS WHEREOF, this Note has been executed and delivered by the
duly authorized representative of the Company.

Dated March 28, 2002
Countersigned:

Registrar
By:

Authorized Signatory

DEL GLOBAL TECHNOLOGIES CORP.

By:/s/ Samuel E. Park

President and Chief Executive Officer

<PAGE>

4. Prepayment.  Subject to the provisions of Section 7 hereof:

         (a) the unpaid principal balance of this Note and all accrued interest
thereon must be prepaid, without penalty or premium, upon and to the extent of
the Company's receipt of net proceeds from the sale of the Company's securities
in an underwritten public offering (after the payment of all registration and
filing fees, fees and disbursements of legal counsel, accountants and other
experts and professionals, underwriting commissions and discounts and other
similar expenses of registration); and

         (b) the unpaid principal balance of this Note and all accrued interest
thereon may, at the option of the Company, be prepaid in whole or in part at any
time and from time to time without penalty.

         (c) Each prepayment amount with respect to this Note shall be applied
first to the principal balance of this Note and the to accrued and unpaid
interest.

5. Default

          (a) Events of Default.  The occurrence of any of the following shall
constitute an "Event of Default":

                 (i) Default in the payment of the principal and unpaid accrued
interest of this Note when due and payable if such default is not cured by the
Company within sixty (60) business days after the Holder has given the Company
written notice of such default; or

                (ii) The Company shall default in the due observance or
performance of any covenant or agreement to be observed or performed by the
Company pursuant to the terms of this Note and the same shall continue
unremedied for a period of sixty (60) days after written notice from the Holder
to the Company of such default; or

               (iii) The Company shall (A) apply for or consent to the
appointment of a receiver, trustee or liquidator for itself or all or a
substantial part of its property, (B) admit in writing its inability to pay its
debts as they mature, (C) make a general assignment for the benefit of
creditors, (D) be adjudicated a bankrupt or insolvent, or (E) file a voluntary
petition in bankruptcy or petition or answer seeking a reorganization or an
arrangement with its creditors, or (F) take advantage of any bankruptcy,
reorganization, insolvency, readjustment of debt, dissolution or liquidation law
or statute or file an answer admitting the material allegations of a petition
filed against it in any proceeding under any such law or (G) take any corporate
action for the purpose of effecting the foregoing; or

               (iv) An order, judgment or decree shall be entered, without the
application, approval or consent of the Company, by any court of competent
jurisdiction, approving a petition seeking reorganization of the Company or all
or a substantial part of the assets of the Company, or appointing a receiver,
trustee or liquidator of the Company, and such order, judgment or decree shall
continue unstayed and in effect for any period of ninety (90) days.

         (b) Remedies.  Subject to the provisions of Section 7 hereof, upon the
occurrence of an Event of Default, the Holder shall have the option to demand
full and immediate payment of the balance of the Note and may institute such
actions or proceedings in law or equity as it shall deem expedient for the
protection of its rights and may prosecute and enforce its claims against all
assets of the Company.

<PAGE>

6. Waivers.

         (a) The Company hereby waives presentment, demand for payment, notice
of dishonor, notice of protest, and protest in connection with the delivery,
acceptance, performance, or default of this Note.

         (b) No delay by the Holder in exercising any power or right hereunder
shall operate as a waiver of any power or right, nor shall any single or partial
exercise of any power or right preclude other or further exercise thereof, or
the exercise of any other power or right hereunder or otherwise. No waiver or
modification of the terms hereof shall be valid unless set forth in writing by
the Holder.

7. Subordination.

         (a) The Company, for itself, its successors and assigns, covenants and
agrees, and the Holder by its acceptance of this Note likewise covenants and
agrees, that this Note shall be subordinated and subject, in the manner and to
the extent set forth in this Section 7, in right of payment to the Company's
Senior Debt (as hereinafter defined).

         (b) This Section 7 shall constitute a continuing offer to all persons
who, in reliance upon such provisions, become holders of, or continue to hold
Senior Debt ("Senior Debtholders"), and such Senior Debtholders are made
obligees and third party beneficiaries hereunder and they and/or each of them
may enforce such provisions.

         (c) As used in this Note, the term "Senior Debt" shall mean all
indebtedness for money borrowed from, or evidences by notes, bonds, debentures
or similar instruments of the Company held by, any bank, savings and loan
association, finance company, investment bank, broker or any other institutional
lender as of the date hereof or to be incurred or held on a date hereafter, and
all deferrals, renewals, extensions. modifications, amendments, increases or
other refundings of any such indebtedness, increased indebtedness or obligations
in respect thereof.

         (d) Payment on this Note shall be subordinated and subject in right of
payment to the Senior Debt in accordance with the following provisions:

                  (i) Upon the maturity of any Senior Debt by lapse of time,
demand for payment, acceleration or otherwise, such Senior Debt shall first be
paid in full before any payment is made on account of this Note. For purposes of
this Section 7, any reference to payment in full of any Senior Debt shall mean
payment in full of such Senior Debt in cash or provision for payment in full of
such Senior Debt in cash.

                 (ii) Upon any dissolution, winding up, liquidation or
reorganization or receivership proceedings with respect to the Company or upon
an assignment for the benefit of the Company's creditors or any other
marshalling of the assets and liabilities relative to the Company or of all or a
substantial part of the property of the Company, no direct or indirect payment
or distribution of any kind shall be made by the Company to the Holder (whether
for principal, interest or premium) unless and until all Senior Debt shall have
been paid in full.

                (iii) If, prior to the Maturity Date, (A) the Senior Debt is
declared due and payable prior to its stated maturity by reason of the
occurrence of an event of default, and such acceleration is not rescinded, or
(B) a default in payment of principal of or interest on the Senior Debt occurs
and such default is not cured or waived, then all principal of and interest on
the Senior Debt which is due and payable (whether by acceleration or otherwise)
shall first be paid in full and all commitments to extend Senior Debt shall be
terminated before any payment on account of principal or interest is made upon
this Note and before the Holder shall demand, accept or receive or attempt to
collect or commence any legal proceedings to collect any such payment or take
any action to accelerate this Note, and to that end, so long as such
acceleration or default continues and until the Senior Debt shall have been paid
in full or otherwise discharged, the Senior Debtholders shall be entitled to
receive, subject to the further provisions of Section 7(e) below, whether from
the Holder or otherwise, for application in payment of the Senior Debt, any
payment or distribution of any kind or character, whether in cash, securities or
other property, which is paid or delivered or which may be payable or
deliverable on or with respect to this Note after the occurrence of such
acceleration or default, and the Holder shall, subject to the further provisions
of Section 7(e) below, hold any such payments or distributions made to it in
trust for the Senior Debtholders.

<PAGE>

         (e) Notwithstanding any other provision hereof, the Holder shall not
be entitled to commence, or join with any other creditor in commencing, any
bankruptcy, reorganization or insolvency proceedings with respect to the Company
unless the holders of the Senior Debt (the "Senior Debtholders") shall also join
in bringing such proceeding (provided, however, that the Holder shall be
entitled to file a proof of claim in respect of the obligations hereunder in any
such proceeding so long as such proof of claim shall state that any right to
payment is subordinated to the extent and in the manner set forth in this
Section 7). Any distribution of assets of, or payments by the Company of any
kind or character, whether in cash, property or securities, to which the Holder
would be entitled except for the provisions of this Section 7 shall be paid or
delivered by the person making such distribution or payment, whether a trustee
in bankruptcy, a receiver or liquidating trustee or otherwise, directly to the
Senior Debtholders or their representative(s) or to the trustee or trustees
under any indenture under which any instruments evidencing any such Senior Debt
may have been issued, ratably according to the aggregate amounts remaining
unpaid on account of the Senior Debt or represented by each of such instruments,
to the extent necessary to make payment in full of all Senior Debt remaining
unpaid after giving effect to any concurrent payment or distribution (or
provision therefor) to the Senior Debtholders. The Holder shall, subject to the
further provisions of Section 7(f) below, hold any such payments or
distributions made to it in trust for the Senior Debtholders.

         (f) Except as specifically set forth in this Note, in no event shall
the Holder be required to refund any amounts paid to it, and the Holder shall be
entitled to be paid as agreed and collect any sums due to the Holder by any
lawful means. Notwithstanding the foregoing, any payments made to the Holder in
violation of the provisions of this Section 7 shall be deemed to be payments in
trust for the account of the Senior Debtholders, and any such amounts shall be
promptly paid over by the Holder to the Company in precisely the form received
for application to the Senior Debt; provided, that in no event shall the Holder
be required to refund any amounts in excess of the aggregate amounts actually
paid to the Holder by the Company in violation of the provisions of this Note.

<PAGE>

         (g) The Holder, by acceptance of this Note (i) if and so long as
payment hereon is prohibited by this Section 7, irrevocably authorizes and
empowers (but without imposing any obligation on, or any duty to the Holder
from) the Senior Debtholders at any time outstanding and such Senior
Debtholder's representatives, to demand, sue for, collect, receive and
acknowledge receipt of such Senior Debtholder's ratable share of payments and
distributions in respect of such Note to the extent such payments and
distributions are required to be paid or delivered to the Senior Debtholders as
provided in this Section 7, and to file and prove all claims therefor and take
all such other actions (including the exclusive right to vote, file and prove
claims in respect of such Note in connection with any bankruptcy, insolvency,
receivership or similar proceeding, including the right to vote such claims in
connection with any election of trustees, acceptances of plans or otherwise) in
the name of the Holder, or otherwise, as such Senior Debtholders or their
representatives may determine to be necessary or appropriate for the enforcement
of the provisions of this Section 7 and (ii) agrees to execute and to deliver to
each Senior Debtholder and its representatives all such further instruments
confirming the authorization hereinabove set forth, and all such powers of
attorney, proxies, proofs of claim, assignments of claim and other instruments,
and to take all such other actions, as may be requested by such Senior
Debtholder or its representatives in order to enable such Senior Debtholder to
enforce all claims upon or in respect of the Holder's ratable share of payments
and distributions in respect of such Note.

         (h) Nothing herein shall impair, as between the Company and the
Holder, the obligation of the Company, which is unconditional and absolute, to
pay to the Holder hereof the principal hereof and interest hereon in accordance
with the terms and provisions hereof, nor shall anything herein prevent the
Holder from exercising all remedies otherwise permitted by applicable law
hereunder upon default under this Note, subject, however, to the provisions of
this Section 7.

         (i) The Holder shall not be subrogated to the rights of the Senior
Debtholders to receive payments or distributions of assets of the Company until
all amounts payable with respect to the Senior Debtholders shall be paid in
full; and, for the purposes of such subrogation, no payments or distributions to
the Senior Debtholders of any cash, property or securities to which the Holder
would be entitled except for these provisions shall, as between the Company, its
creditors, other than the Senior Debtholders, and the Holder, be deemed to be a
payment by the Company to or on account of the Senior Debt. The subordination
provisions of this Note are intended solely for the purpose of defining the
relative rights of the Holder, on the one hand, and the Senior Debtholders, on
the other hand.

         (j) The Holder, by acceptance of this Note, agrees that, in the event
that all or any part of any payment made on account of the Senior Debt is
recovered from the Senior Debtholders as a preference, fraudulent transfer or
similar payment under any bankruptcy, insolvency or similar law, any payment or
distribution received by the Holder on account of this Note at any time after
the date of the payment so recovered, including payments received pursuant to a
right of subrogation, shall be deemed to have been received by the Holder in
trust as the property of the Senior Debtholders, and the Holder shall forthwith
deliver the same to the Company, on behalf of the Senior Debtholders for the
equal and ratable benefit of the Senior Debtholders for application to payment
of all Senior Debt in full.

<PAGE>

         (k) The Holder, by acceptance of this note, hereby waives any and all
notice in respect of the Senior Debt, present or future, and agrees and consents
that without notice to or assent by the Holder:

                  (i) the obligation and liabilities of the Company or any other
party or parties for or upon the Senior Debt (or any promissory note, security
document or guaranty evidencing or securing the same) may, from time to time, in
whole or in part, be renewed, extended, modified, amended, restated,
accelerated, compromised, supplemented, terminated, sold, exchanged, waived or
released;
                 (ii) the Senior Debtholders may exercise or refrain from
exercising any right, remedy or power granted by or in connection with any
agreements relating to the Senior Debt; and

                (iii) any balance or balances of funds with any holders of the
Senior Debt at any time standing to the credit of the Company may, from time to
tine, in whole or in part, be surrendered or released; all as the Senior
Debtholders may deem advisable and all without impairing, abridging,
diminishing, releasing or affecting the subordination of this Note to the Senior
Debt provided for herein.

         (l) No present or future Senior Debtholder shall be prejudiced in its
right to enforce the subordination provisions contained herein in accordance
with the terms hereof by any act or failure to act on the part of the Company or
the Holder. The subordination provisions contained herein are for the benefit of
the Senior Debtholders from time to time and, so long as any Senior Debt is
outstanding under any agreement, or any commitment to extend Senior Debt is in
effect, may not be rescinded, canceled or modified in any way without the prior
written consent thereto of all Senior Debtholders.

         (m) The subordination provisions hereof shall be binding upon the
Holder and upon the successors and assigns of the Holder, and all references
herein to the Holder shall be deemed to include any successor or successors,
whether immediate or remote, to the Holder.

8. General.

         (a) Series; Settlement. This Note is one of a series of notes of
substantially similar terms and conditions issued to various holders. This Note
and the other notes in this series of notes are issued in partial settlement of
a class action lawsuit against the Company and others that originated in a
dispute as to whether the information the Company disseminated regarding the
Company's business and financial status was adequate and accurate, and did not
originate in connection with the issuance of any stock. The allegedly fraudulent
activities did not result in the acquisition of a capital asset, nor did the
Company secure, perfect or defend title to an existing capital asset as a result
of the allegedly fraudulent activities.

<PAGE>

         (b) Successors. This Note and the obligations and rights of the
Company hereunder shall be binding upon and inure to the benefit of the Company
and the Holder and their respective successors. The Company may not assign this
Note or any obligations hereunder without the prior written consent of the
Holder.

         (c) Rights of Note Holders. No Note shall entitle the holder thereof
to any of the rights of a stockholder of the Company, including without
limitation the right to vote, to receive dividends and other distributions, or
to receive any notice of, or to attend, meetings of stockholders or any other
proceedings of the Company.

         (d) Lost, Stolen, Mutilated, or Destroyed Notes. If any Note shall be
mutilated, lost, stolen, or destroyed, the Company in its discretion, may direct
the Registrar to execute and deliver, in exchange and substitution for and upon
cancellation of a mutilated Note, or in lieu of or in substitution for a lost,
stolen, or destroyed Note, a new Note, but only upon receipt of evidence of such
loss, theft, or destruction of the Note, and of the ownership thereof, and
indemnity, if requested, all satisfactory to the Company and the Registrar.
Applicants for such substitute Notes shall also comply with such other
reasonable regulations and pay such other reasonable charges incidental thereto
as the Company or the Registrar may prescribe. Any such new Note shall
constitute an original contractual obligation of the Company, whether or not the
allegedly lost, stolen, mutilated, or destroyed Note shall be at any time
enforceable by anyone.

         (e) Transferability. Subject to any applicable laws, rules, or
regulations restricting transferability or any "stop-transfer" instructions the
Company may give to the Registrar to implement any such restrictions (which
instructions the Company is expressly authorized to give), transfer of this Note
may be effected by the Registrar from time to time upon the books of the Company
to be maintained by the Registrar for that purpose, upon a surrender of this
Note to the Registrar at its Principal Office, with the assignment form set
forth in this Note duly executed and with signatures guaranteed. Upon any such
surrender for transfer, the Registrar shall execute and deliver to the person
entitled thereto a Note as so requested. The Registrar may require the Holder to
pay a sum sufficient to cover any tax or governmental charge that may be imposed
in connection with any transfer of this Note prior to the issuance of any new
Note. The Registrar shall have no duty or obligation to take any action under
any section of this Note which requires the payment of applicable taxes and
governmental charges unless and until the Registrar is satisfied that all such
taxes and/or charges have been paid.

         (f) Changes. Subject to Section 7, changes in or additions to this
Note may be made or compliance with any term, covenant, agreement, condition or
provision set forth herein may be omitted or waived (either generally or in a
particular instance and either retroactively or prospectively) upon written
consent of the Company and the Holder.

         (g) Notices. All notices, claims, certificates, requests, demands and
other communications hereunder shall be in writing and shall be deemed to have
been duly given if personally delivered or if sent by facsimile,
nationally-recognized overnight courier or certified mail, return receipt
requested and postage prepaid, addressed to such address as the party to whom
notice is to be given has furnished to the other party hereto in writing in
accordance herewith. Any such notice or communication shall be deemed to have
been received (i) in the case of personal delivery or delivery by facsimile, on
the date of such delivery, (ii) in the case of nationally-recognized overnight
courier, on the next business day after the date when sent and (iii) in the case
of mailing, on the third business day following that on which the piece of mail
containing such communication is posted.

<PAGE>

         (h) Severability. If any term or provision of this Note shall be held
invalid, illegal or unenforceable, the validity of all other terms and
provisions hereof shall in no way be affected thereby.
9. Governing Law/Venue. This Note shall be construed and enforced in accordance
with, and the rights of the parties shall be governed by, the laws of the State
of New York, without regard to choice of law principles that would result in the
application of the laws of another jurisdiction. Except in respect of any action
commenced by a third party in another jurisdiction, the parties hereto agree
that any legal suit, action, or proceeding against them arising out of or
relating to this Note shall be brought exclusively in the United States Federal
Courts or New York Supreme Court, in the State of New York. The parties hereto
hereby accept the jurisdictions of such court for the purpose of any such action
or proceeding, and agree that venue for any action or proceeding brought in the
State of New York shall lie in the Southern District of New York or Supreme
Court, Westchester County, as the case may be. Each of the parties hereto hereby
irrevocably consents to the service of process in any action or proceeding in
such courts by the mailing thereof by United States registered or certified mail
postage prepaid at its address set forth herein.

ASSIGNMENT

    FOR VALUE RECEIVED, the undersigned hereby sells, assigns, and transfers
unto the Assignee named below all of the rights of the undersigned represented
by this Note:

PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
Name of Assignee
Address

and does hereby irrevocably constitute and appoint

Attorney

to make such transfer on the books of Del Global Technologies Corp. maintained
for that purpose, with full power of substitution in the premises.

Dated:
Signature:

<PAGE>

SIGNATURE(S) GUARANTEED

By
THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
(Banks, Stock Brokers, Savings and Loan Associations and Credit Unions) WITH
MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM PURSUANT TO
S.E.C. RULE 17Ad-15.

NOTICE: The signature(s) on this assignment must correspond with the name(s) as
written upon the face of the Certificate in every particular, without alteration
or enlargement or any change whatever.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00045-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00045-of-00352.parquet"}]]