1989 INCENTIVE STOCK OPTION PLAN
(As Amended May 6, 1991)
1. Purpose. The purpose of this 1989 Incentive Stock Option Plan (the "1989 ISO Plan") is to attract and retain
key employees of Astro-Med, Inc. (the "Company") and to provide them with additional incentive for unusual
industry and efficiency by offering an opportunity to acquire a proprietary stake in the Company and its future
growth. It is the view of the Company that this goal may best be achieved by granting stock options.
2. Administration. The 1989 ISO Plan will be administered by the Board of Directors of the Company (the
"Board"), whose interpretation of the terms and provisions hereof shall be final and conclusive. Any Director to
whom an option is awarded shall be ineligible to vote upon his or her option, but options may be granted to any
eligible Director by the remainder of the Directors. The Board shall in its sole discretion grant options to purchase
shares of the Company's common stock and issue shares upon exercise of such options subject to the terms and
conditions hereof. No Director shall be liable for any action or determination made in good faith.
3. Amount of Stock Subject to Plan. The amount of stock which may be issued under options pursuant to the
1989 ISO Plan is two hundred thousand (200,000) shares of the Company's $.05 par value common stock (the
"common stock"). If any options terminate or
expire for any reason without having been exercised in full, the shares not purchased under the options may again
be subjected to options granted under the 1989 ISO Plan.
4. Eligibility. Key employees of the Company or any subsidiary shall be eligible to participate in the 1989 ISO
Plan, except that Directors who are not full time officers or employees shall not be eligible to participate. Key
employees shall be those employees, including officers, who are deemed by the Board to be of primary
importance in the operation of the Company's business. The Board may in its discretion f