Amendment to ADE Corporation Employee Stock Purchase Plan (Effective September 1, 2003)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

ADE Corporation has amended its Employee Stock Purchase Plan, effective September 1, 2003. The amendments clarify that eligible employees include those regularly scheduled to work more than 20 hours per week, whether full-time or part-time. Additionally, any such employee employed on the date their participation is to begin is eligible to participate in the plan's offerings. These changes update the definitions and eligibility criteria for employees wishing to join the stock purchase plan.

Read More Arrow
EX-10.1 3 dex101.htm AMENDMENTS TO EMPLOYEE STOCK PURCHASE PLAN Amendments to Employee Stock Purchase Plan

Exhibit 10.1

 

Amendments to Employee Stock Purchase Plan

(Effective September 1, 2003)

 

Sections 2.03 and 3.01 of the ADE Corporation Employee Stock Purchase Plan have been amended to read in their entirety as follows:

 

  2.03   Employee. “Employee” means any person who is customarily employed by the Company on a full-time regular or part-time regular basis by the Company and is regularly scheduled to work more than 20 hours per week.

 

  3.01   Initial Eligibility. Any Employee who shall be employed by the Company on the date his/her participation in the Plan is to become effective shall be eligible to participate in Offerings under the Plan.