Amendment to Fortune Brands, Inc. Non-Employee Director Stock Option Plan
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Summary
This amendment updates the Fortune Brands, Inc. Non-Employee Director Stock Option Plan. It changes the eligibility requirements for directors to receive stock options, specifying that a director must be serving immediately after the annual meeting to qualify. The amendment also allows the committee to grant partial stock options to directors who join the board after the annual meeting, even if their partial service occurred in 2001 or earlier.
EX-10.(A)(1) 2 a2049303zex-10_a1.txt AMENDMENT TO NON-EMPLOYEE Exhibit 10a1 Amendment to the Fortune Brands, Inc. Non-Employee Director Stock Option Plan --------------------------------------- Section 4 of the Plan is amended by deleting the second sentence thereof and replacing it with the following: "To be entitled to receive such Option with respect to any year, an Eligible Director must be serving as a director of Fortune immediately following such Annual Meeting; provided, however, that the Committee in its discretion may award a partial grant to an Eligible Director to reflect a partial year of service by an Eligible Director who is elected or appointed to the Board of Directors after the Annual Meeting taking place prior to such partial year of service, regardless of whether the partial year of service occurred during 2001 or a prior year."
