PLANAR SYSTEMS, INC. NONQUALIFIED STOCK OPTION AGREEMENTNonqualified Stock Option Agreement • May 9th, 2007 • Planar Systems Inc • Electronic components, nec
We are pleased to inform you that pursuant to your Letter Agreement dated as of March 5, 2007 with Planar Systems, Inc. (the “Company”), the Board of Directors (the “Board”) of the Company has awarded you a nonqualified stock option for the purchase of seventy thousand (70,000) shares (the “Shares”) of the Company’s common stock at an exercise price determined by the closing price at the end of market trading on March 5th, 2007.
