Amendment No. 3 to American Reprographics Company 2005 Stock Plan

Contract Categories: Business Finance › Stock Agreements
Summary

This amendment updates the American Reprographics Company 2005 Stock Plan. Starting with the 2009 Annual Meeting, each non-employee director will automatically receive a restricted stock award valued at $50,000. The award will fully vest twelve months after the annual meeting, provided the director remains in continuous service. The amendment was adopted on February 19, 2009, and became effective April 30, 2009.

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EX-10.1 2 c88945exv10w1.htm EXHIBIT 10.1 Exhibit 10.1
Exhibit 10.1
AMERICAN REPROGRAPHICS COMPANY
2005 STOCK PLAN
Amendment No. 3

Adopted: February 19, 2009
Effective April 30, 2009, the American Reprographics Company 2005 Stock Plan, as amended (the “Plan”) is further 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 2009, each person who is then a Non-Employee Director will be automatically granted a Restricted Stock Award for that number of shares of Common Stock having a then Fair Market Value equal to $50,000, which award will vest 100% twelve (12) months after the date of the Annual Meeting, subject to the Non-Employee Director’s Continuous Service.