First Amendment to CCC Information Services Group Inc. 1997 Stock Option Plan

Summary

This amendment, effective February 1, 2003, modifies the CCC Information Services Group Inc. Stock Option Plan. It allows option holders to transfer their stock options to certain family members, but only as a gift or under a domestic relations order, and only if the award agreement permits it. The transfer cannot involve any payment, and the option holder must provide documentation as requested. The amendment defines eligible family members broadly, including relatives by blood, marriage, adoption, and certain trusts or entities controlled by these individuals.

EX-10.29 5 doc4.txt AMENDMENT TO 1997 STOCK PLAN FIRST AMENDMENT TO THE CCC INFORMATION SERVICES GROUP INC. STOCK OPTION PLAN WHEREAS, the Board of Directors (the "Board") of CCC Information Services Group Inc. (the "Company") previously adopted the CCC Information Services Group Inc. Stock Option Plan (the "Plan"); and WHEREAS, the Board desires to further amend the Plan to modify the provisions thereof describing permitted transfers of option awards under the Plan; and NOW, THEREFORE, the Plan is hereby amended as follows, effective as of February 1, 2003; 1. Section 11 of the Plan is hereby amended by the addition of the following sentence thereto: "Notwithstanding the foregoing, under such rules and procedures as the Committee may establish, a Grantee may transfer an Option, by a gift or a domestic relations order only, to any of such Grantee's family members, provided that (i) the Award Agreement with respect to such Options expressly so permits or is amended to so permit, (ii) the Grantee does not receive any consideration for such transfer, and (iii) the Grantee provides such documentation or information concerning any such transfer or transferee as the Committee may reasonably request. For purposes of this Section 11, a Grantee's "family members" include any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the Grantee's household (other than a tenant or employee), a trust in which these persons have more than fifty percent of the beneficial interest, a foundation in which these persons (or the Grantee) control the management of assets, and any other entity in which these persons (or the Grantee) own more than fifty percent of the voting interests."