Amendment to The Corporate Executive Board Company 2004 Stock Incentive Plan (as amended July 18, 2005, December 22, 2006, and February 21, 2007)
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Summary
This document amends The Corporate Executive Board Company 2004 Stock Incentive Plan. It updates the plan's title to reflect prior amendments and changes the rules regarding when stock options can be exercised. Under the new terms, options generally cannot be exercised within one year of being granted, except in cases of death, permanent disability, retirement (for nonemployee directors), or a change of control. The plan administrator retains discretion over the conditions for exercising options.
EX-10.29 7 w34720exv10w29.htm EXHIBIT 10.29 exv10w29
Exhibit 10.29
2004 Stock Incentive Plan
First, that the Title of the Plan is amended to read as follows:
The Corporate Executive Board Company 2004 Stock Incentive Plan (as amended July 18, 2005, and December 22, 2006 and February 21, 2007). |
Second, which the first sentence of Section 6(d) (Duration and Exercise or Termination of Option) of the Plan is amended to read as follows:
The Administrator shall have the right to make the timing of the ability to exercise any Option subject to continued employment, the passage of time and/or such performance requirements as deemed appropriate by the Administrator, provided that in no event shall any Option become exercisable sooner than one (1) year after the date of grant except in the event of the Participants death, or Total and Permanent Disablement or, in the case of Nonemployee Directors, Retirement or, in the case of any optionee, a change of control (as defined in the applicable Award Agreement). |