Amendment No. 2 to Amended and Restated American Capital Incentive Bonus Plan
This amendment updates the American Capital Incentive Bonus Plan, as approved by the Board of Directors and stockholders of American Capital Strategies, Ltd. The amendment changes the maximum number of shares that the Trust can purchase under the plan to 21,800,000, effective May 19, 2008. It also allows any dividends paid on shares held by the Trust to be reinvested in common stock. The amendment is part of the company's ongoing management of its employee incentive programs.
Exhibit 10.2
AMENDMENT NO. 2
TO
AMENDED AND RESTATED
AMERICAN CAPITAL INCENTIVE BONUS PLAN
The following amendment to the Amended and Restated American Capital Incentive Bonus Plan (the “Plan”) was approved by the Board of Directors of American Capital Strategies, Ltd. (the “Company”) on March 13, 2008, and approved by the stockholders of the Company as of May 19, 2008.
Section 10.1 of the Plan is deleted and replaced in its entirety as follows, effective as of May 19, 2008:
“10.1. Subject to adjustment as provided in Section 10.2 hereof, the maximum number of Shares that may be purchased by the Trust is 21,800,000; provided that notwithstanding the foregoing limitation, any dividends paid on Shares held by the Trust may be reinvested in Common Stock.”
