Amendment No. 2 to American Reprographics Company 2005 Stock Plan
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Summary
This amendment updates the American Reprographics Company 2005 Stock Plan to provide that, starting in 2008, each non-employee director will automatically receive a restricted stock award valued at $60,000 on the date of each annual meeting. The awarded shares will fully vest twelve months after the grant date. The amendment was adopted and became effective on May 2, 2008.
EX-10.3 4 c74413exv10w3.htm EXHIBIT 10.3 Filed by Bowne Pure Compliance
Exhibit 10.3
AMERICAN REPROGRAPHICS COMPANY
2005 STOCK PLAN
2005 STOCK PLAN
Amendment No. 2
Adopted: May 2, 2008
Effective May 2, 2008, the American Reprographics Company 2005 Stock Plan (the “Plan”) is amended as follows:
1. Section 8(a) of the Plan is restated in its entirety to read as follows:
(a) Non-Discretionary Grants. Without further action of the Board, on the date of each Annual Meeting, commencing with the Annual Meeting in 2008, each person who is then a Non-Employee Director will be automatically granted a Restricted Stock Award for a number of shares of Common Stock having a then Fair Market Value equal to $60,000, which award will vest 100% twelve (12) months after the date of grant.
