Amendment to Anadigics, Inc. Amended and Restated 2005 Long Term Incentive and Share Award Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the Anadigics, Inc. 2005 Long Term Incentive and Share Award Plan, effective May 17, 2007. It changes the number of shares reserved for issuance under the plan to 6,450,000, and specifies that 6,150,000 shares are reserved for awards other than options. The amendment clarifies the allocation of shares for different types of equity awards granted to employees or participants under the plan.

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EX-10.1 2 ex10_1.htm EXHIBIT 10.1 ex10_1.htm
 
 

EXHIBIT 10.1

AMENDMENT TO ANADIGICS, INC.
AMENDED AND RESTATED
2005 LONG TERM INCENTIVE AND SHARE AWARD PLAN


Section 4(a) of the Anadigics, Inc. Amended and Restated 2005 Long Term Incentive and Share Award Plan is amended, effective May 17, 2007, to replace the first sentence thereof in its entirety with the following:
 
"Subject to adjustment as provided in Section 4(c) hereof, (i) the total number of Shares reserved for issuance in connection with Awards under the Plan shall be 6,450,000, and (ii) the total number of Shares reserved for issuance in connection with Awards other than Options (i.e., SARs, Restricted Share, Restricted Unit, Performance Share, Performance Unit, Dividend Equivalents and Other Share-Based Awards) shall be 6,150,000."