Amendment to Director Compensation and Stock Ownership Guidelines (June 17, 2013)

Contract Categories: Human Resources › Compensation Agreements
Summary

This amendment clarifies that directors who purchase company stock using a company-issued warrant during the specified purchase period will have those purchases count as qualifying for a matching grant under the existing Director Compensation and Stock Ownership Guidelines. No other terms of the original guidelines are changed by this amendment.

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EX-10.14 3 exhibit1014amendmenttodire.htm EXHIBIT Exhibit 10.14 Amendment to Director Compensation


EXHIBIT 10.14


DIRECTOR COMPENSATION AND STOCK OWNERSHIP GUIDELINES
Clarifying Amendment Effective June 17, 2013


For purposes of the Director Compensation and Stock Ownership Guidelines Effective June 17, 2013 (the “Guidelines”), the purchase of stock of the Company at any time during the Purchase Period pursuant to a warrant issued by the Company shall be considered a qualifying purchase for purposes of the matching grant as set forth in the Guidelines.

No other provisions or conditions of the Guidelines are affected by this Clarifying Amendment.