Third Amendment to Construction Partners, Inc. 2018 Equity Incentive Plan
Contract Categories:
Business Finance
›
Modification Agreements
Summary
Construction Partners, Inc. has amended its 2018 Equity Incentive Plan as of January 30, 2025. The amendment, approved by the company's Compensation Committee, removes the previous limitations on calendar year grants under Section 5(d)(ii) of the plan. All other terms of the plan remain unchanged. This change allows the company greater flexibility in granting equity awards to employees or participants.
EX-10.2 3 a2025q2exhibit102.htm EX-10.2 Document
Exhibit 10.2
THIRD AMENDMENT
TO THE
CONSTRUCTION PARTNERS, INC.
2018 EQUITY INCENTIVE PLAN
This THIRD AMENDMENT TO THE CONSTRUCTION PARTNERS, INC. 2018 EQUITY INCENTIVE PLAN (this “Amendment”), dated as of January 30, 2025, is made and entered into by Construction Partners, Inc., a Delaware corporation (the “Company”). Terms used in this Amendment with initial capital letters that are not otherwise defined herein shall have the meanings ascribed to such terms in the Construction Partners, Inc. 2018 Equity Incentive Plan (as amended prior to the date hereof, the “Plan”).
RECITALS
WHEREAS, Section 15(a) of the Plan provides that the Compensation Committee of the Board of Directors of the Company (the “Committee”) may amend the Plan at any time; and
WHEREAS, the Committee desires to amend the Plan to remove the limitations under Section 5(d)(ii) relating to calendar year grants.
NOW, THEREFORE, in accordance with Section 15(a) of the Plan, the Company hereby amends the Plan, effective as of the date hereof, as follows:
1. Section 5(d)(ii) of the Plan is amended by deleting said section in its entirety.
2. Except as expressly amended by this Amendment, the Plan shall continue in full force and effect in accordance with the provisions thereof.
IN WITNESS WHEREOF, the Company has caused this Amendment to be duly executed as of the date first written above.
CONSTRUCTION PARTNERS, INC. | |||||||||||
By: | /s/ Fred J. Smith, III | ||||||||||
Name: | Fred J. Smith, III | ||||||||||
Title: | President and Chief Executive Officer |