First Amendment to Brookdale Living Communities, Inc. 1999 Stock Incentive Plan
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Summary
This amendment updates the Brookdale Living Communities, Inc. 1999 Stock Incentive Plan by specifying that up to 400,000 shares of the company's common stock may be issued through options granted under the plan, unless a higher number is approved by shareholders. The amendment clarifies the total number of shares available for issuance and the process for increasing this limit.
EX-10.5 4 0004.txt 1ST AMENDMENT TO BLCI 1999 STOCK INCENTIVE PLAN EXHIBIT 10.5 FIRST AMENDMENT TO BROOKDALE LIVING COMMUNITIES, INC. 1999 STOCK INCENTIVE PLAN *** 3.1 Stock Subject to Plan The stock subject to an Option shall be shares of the Company's Common Stock. The aggregate number of such shares which may be issued upon exercise of Options granted under Section 4 of the Plan shall not exceed 400,000 unless and until a larger number shall have been approved by the Company's stockholders pursuant to Section 7.6. ***
