First Amendment to Senior Management Voluntary Deferred Compensation Plan (Insituform Technologies, Inc.)

Summary

This amendment, effective October 25, 2000, modifies Insituform Technologies, Inc.'s Senior Management Voluntary Deferred Compensation Plan. It sets new limits on how much senior managers can defer from their base salary and bonus or incentive compensation into the plan. Specifically, up to 15% of base salary and up to 50% of bonus or incentive compensation may be deferred. The amendment was approved by the company's Board of Directors and signed by the Chairman, President, and CEO.

EX-10.15 4 c60563ex10-15.txt SENIOR MANAGEMENT VOLUNTARY DEFERRED COMPENSATION 1 EXHIBIT 10.15 INSITUFORM TECHNOLOGIES, INC. FIRST AMENDMENT TO THE SENIOR MANAGEMENT VOLUNTARY DEFERRED COMPENSATION PLAN Pursuant to the Resolution of the Board of Directors and as provided by Section 9.1 of the Plan, the Senior Management Voluntary Deferred Compensation Plan is hereby amended as provided below: Section 3.3(a) is amended to read as follows: MAXIMUM. The maximum amount of each payment of base salary that may be deferred into this Plan and the 401(k) Plan shall be fifteen percent (15%) of base salary, and the maximum amount of each payment of bonus or incentive compensation that may be deferred into this Plan shall be fifty percent (50%) of bonus or incentive compensation. This amendment is effective as of October 25, 2000. INSITUFORM TECHNOLOGIES, INC. By: /s/ Anthony W. Hooper ---------------------------- Anthony W. Hooper Chairman, President and CEO