Amendment Number One to the Cellu Parent Corporation 2006 Stock Option and Restricted Stock Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, effective April 2, 2009, updates the Cellu Parent Corporation 2006 Stock Option and Restricted Stock Plan by increasing the maximum number of shares available for awards under the plan to 12,095. All other terms of the original plan remain unchanged. The amendment is executed by the corporation's General Counsel/Secretary.

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EX-10.3 7 dex103.htm AMENDMENT NUMBER ONE TO THE 2006 STOCK OPTION AND RESTRICTED STOCK PLAN Amendment Number One to the 2006 Stock Option and Restricted Stock Plan

Exhibit 10.3

AMENDMENT NUMBER ONE

TO THE

CELLU PARENT CORPORATION

2006 STOCK OPTION AND RESTRICTED STOCK PLAN

Pursuant to Section 9 of the Cellu Parent Corporation (“Corporation”) 2006 Stock Option and Restricted Stock Plan (“Plan”), the Corporation hereby adopts this Amendment Number One to evidence the action of the Board of Directors of the Corporation approving the following amendment to the Plan:

§1

By amending the first sentence of Section 4(a) to reflect the increase in the number of shares under the Plan, to read as follows:

“A maximum of 12,095 shares of Stock may be delivered in satisfaction of Awards under the Plan.”

§2

Except as otherwise expressly amended by this Amendment, all the provisions of the Plan shall remain in full force and effect.

IN WITNESS WHEREOF, the Corporation has caused this Amendment Number One to be executed by its duly authorized officer as of this 2nd day of April, 2009.

 

CELLU PARENT CORPORATION
By:  

/s/ W. Edwin Litton

Title:  

General Counsel/Secretary