Amendment No. 6 to Inverness Medical Innovations, Inc. 2001 Stock Option and Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment clarifies the definition of 'Subsidiary' in the Inverness Medical Innovations, Inc. 2001 Stock Option and Incentive Plan. It specifies that a subsidiary includes any company in which Inverness Medical Innovations, Inc. owns 50% or more of the voting stock, aligning with the definition in Section 424(f) of the tax code. All other terms of the original plan remain unchanged. The amendment was approved by the Board of Directors on April 5, 2007.

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EX-10.40 4 b68107imexv10w40.htm EX-10.40 AMENDMENT NO.6 2001 STOCK OPTION AND INCENTIVE PLAN exv10w40  

Exhibit 10.40
AMENDMENT NO. 6
TO
INVERNESS MEDICAL INNOVATIONS, INC.
2001 STOCK OPTION AND INCENTIVE PLAN
     The Inverness Medical Innovations, Inc. 2001 Stock Option and Incentive Plan (the “Plan”) is hereby amended for the purpose of clarifying that the definition of “Subsidiary” included in Section 1 of the Inverness Medical Innovations, Inc. 2001 Stock Option and Incentive Plan (the “Option Plan” and the “Plan Amendment”) includes companies of which the Company owns 50% or more of the voting stock, to amend the Option Plan, pursuant to the authority granted the Board under Section 13 of the Option Plan, as follows:
     “Subsidiary” means a “subsidiary corporation” with respect to the Company, as defined in Section 424(f) of the code.
     Except as herein amended, the provisions of the Plan shall remain in full force and effect.
AS APPROVED BY THE BOARD OF DIRECTORS: April 5, 2007