First Amendment to Construction Partners, Inc. 2018 Equity Incentive Plan

Summary

This amendment, effective May 24, 2019, modifies the Construction Partners, Inc. 2018 Equity Incentive Plan. It changes the limit on equity awards for non-employee directors, allowing the limit to be doubled in the year a director first receives awards. All other terms of the original plan remain unchanged. The amendment is executed by the Compensation Committee of the Board of Directors of Construction Partners, Inc.

EX-10.1 2 exhibit101-firstamendm.htm EX-10.1 Document

Exhibit 10.1

FIRST AMENDMENT

TO THE

CONSTRUCTION PARTNERS, INC. 2018 EQUITY INCENTIVE PLAN

This First Amendment (this “Amendment”) to the Construction Partners, Inc. 2018 Equity Incentive Plan the (“Plan”) is effective as of May 24, 2019 (the “Effective Date”).

1. The last sentence of Section 5(d)(ii) of the Plan is hereby deleted and replaced in its entirety with the following sentence:

“The foregoing limit may be multiplied by two with respect to Awards granted in the calendar year in which a Non-Employee Director is first granted Awards.”

2. Except as specifically set forth herein, all other terms and conditions contained in the Plan shall remain unchanged and shall continue in full force and effect.

IN WITNESS WHEREOF, the Compensation Committee of the Board of Directors of Construction Partners, Inc. has caused this Amendment to become effective as of the Effective Date.

CONSTRUCTION PARTNERS, INC.

By: /s/ Ned N. Fleming, III

Ned N. Fleming, III

Executive Chairman