Amendment No. 1 to Arbor Realty Trust, Inc. 2003 Omnibus Stock Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, approved by the Board of Directors and stockholders of Arbor Realty Trust, Inc., changes the 2003 Omnibus Stock Incentive Plan by increasing the total number of shares of common stock available for issuance under the plan to 685,000 shares. The amendment was adopted on May 25, 2005, and reflects the company's decision to expand the pool of shares for employee and director stock incentives.

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EX-10.81 2 y11760exv10w81.htm EX-10.81: AMENDMENT NO. 1 TO THE 2003 OMNIBUS STOCK INCENTIVE PLAN EX-10.81  

Exhibit 10.81
Amendment No. 1 to the
Arbor Realty Trust, Inc. 2003 Omnibus Stock Incentive Plan
(as Amended and Restated on July 29, 2004)
      Pursuant to the approval of the Board of Directors of Arbor Realty Trust, Inc. (the “Company”) on April 14, 2005, and the vote by the stockholders of the Company on May 25, 2005, the first sentence of Section 3 of the Arbor Realty Trust, Inc. 2003 Omnibus Stock Incentive Plan (as Amended and Restated on July 29, 2004) is hereby amended to state as follows:
        “The total number of shares of Common Stock reserved and available for issuance under the Plan shall be 685,000 shares.”
Dated: May 25, 2005

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