Amendment No. 1 to Constar International Inc. 2009 Equity Compensation Plan
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Summary
Constar International Inc. amends its 2009 Equity Compensation Plan to restrict the acceleration of vesting periods for equity awards. Under this amendment, vesting can only be accelerated in cases of death, disability, retirement, or a change in control, unless an existing agreement predating the plan's approval states otherwise. This amendment was adopted by the company's Board of Directors and signed by the President and CEO, Ruth Mack.
EX-10.6 7 c03605exv10w6.htm EXHIBIT 10.6 Exhibit 10.6
Exhibit 10.6
AMENDMENT NUMBER ONE
TO CONSTAR INTERNATIONAL INC.
2009 EQUITY COMPENSATION PLAN
TO CONSTAR INTERNATIONAL INC.
2009 EQUITY COMPENSATION PLAN
WHEREAS, the Board of Directors of Constar International Inc. has duly adopted an amendment to the 2009 Equity Compensation Plan, such Plan is amended to add the following section 9.5:
“9.5. Notwithstanding anything in the Plan or an Award Agreement to the contrary, no vesting period may be accelerated except in the case of death, Disability, retirement or Change in Control, except as provided in any agreements existing as of the date the Plan was approved by the Company’s stockholders.”
| /s/ Ruth Mack | ||||
| Ruth Mack | ||||
| President and Chief Executive Officer | ||||
