Amendment No. 4 to the Charter Communications 1999 Option Plan
This amendment, effective January 27, 2003, modifies the Charter Communications Option Plan by allowing the plan administrator to reprice stock options at their discretion. This means the administrator can lower the exercise price of outstanding options or exchange them for new options or other equity awards, in accordance with applicable stock exchange rules. All other terms of the original plan remain unchanged.
Exhibit 10.10 (f)
AMENDMENT No. 4 TO THE
CHARTER COMMUNICATIONS
OPTION PLAN
This Amendment to the Charter Communications Option Plan as amended through the date hereof (the “Plan”), is effective as of January 27, 2003.
1. Article 6 of the Plan is hereby amended by adding the following section after Section 6.11:
| Section 6.12 Option Repricing. Notwithstanding anything contained in the Plan to the contrary, the Administrator may, in its sole discretion, approve an Option repricing. For the purposes of the preceding sentence, an “Option repricing” shall include reducing the Exercise Price of any outstanding Option, permitting the cancellation, forfeiture or tender of outstanding Options in exchange for other equity awards or for new Options with a lower Exercise Price, by any other method repricing or replacing any outstanding Option, or taking any other action deemed to be a “repricing” under the rules of the national securities exchange or other market on which the shares of common stock of the Public Company are listed or admitted to trading. |
The terms of the Plan shall remain in full force and effect without modification or amendment except as expressly set forth herein.
