Amendment to 1991 Performance Stock Option Plan between AT Holdings Corporation and Argo-Tech Corporation

Contract Categories: Business Finance › Modification Agreements
Summary

AT Holdings Corporation and Argo-Tech Corporation have amended their 1991 Performance Stock Option Plan. The amendment, effective June 12, 2001, changes the expiration date for exercising stock options under the plan. No options can be exercised after November 9, 2011, and any options not exercised by that date will be automatically forfeited. This amendment was executed by both companies' Vice Presidents in Cleveland, Ohio.

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EX-10.1 3 l90277aex10-1.txt EXHIBIT 10.1--AMEND TO 1991 PERFORM STOCK OPT PLAN 1 EXHIBIT 10.1 AMENDMENT TO 1991 PERFORMANCE STOCK OPTION PLAN WHEREAS, the 1991 Performance Stock Option Plan (the "Plan") has been established by AT Holdings Corporation ("Holdings") and Argo-Tech Corporation ("Argo-Tech"); and WHEREAS, Holdings and Argo-Tech deem it desirable to amend the Plan; NOW THEREFORE, effective June 12, 2001, the Plan is hereby amended as follows: The third sentence of Paragraph 3 shall be deleted in its entirety and there shall be substituted therefor the following: "No option shall be exercised after November 9, 2011, and options not exercised by November 9, 2011 shall be automatically forfeited." Executed at Cleveland, Ohio, this 12th day of June, 2001. AT HOLDINGS CORPORATION By: /s/ Paul R. Keen --------------------------- Its: Vice President --------------------------- ARGO-TECH CORPORATION By: /s/ Paul R. Keen --------------------------- Its: Vice President ---------------------------