Second Amendment to Cooper Industries, Ltd. Amended and Restated Directors' Retainer Fee Stock Plan
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
This amendment extends the expiration date of the Cooper Industries, Ltd. Directors' Retainer Fee Stock Plan from April 30, 2008 to April 30, 2016. The plan provides stock-based compensation to the company's directors. The amendment was executed by Cooper Industries, Ltd. on February 12, 2008, and does not otherwise change the plan's terms or conditions.
EX-10.4 5 h56267exv10w4.htm SECOND AMENDMENT TO AMENDED AND RESTATED DIRECTORS' RETAINER FEE STOCK PLAN exv10w4
Exhibit 10.4
SECOND AMENDMENT TO
COOPER INDUSTRIES, LTD.
AMENDED AND RESTATED
DIRECTORS’ RETAINER FEE STOCK PLAN
(April 1, 2003 Restatement)
COOPER INDUSTRIES, LTD.
AMENDED AND RESTATED
DIRECTORS’ RETAINER FEE STOCK PLAN
(April 1, 2003 Restatement)
WHEREAS, the Corporation maintains the Cooper Industries, Ltd. Amended and Restated Directors’ Retainer Fee Stock Plan (the “Plan”); and
WHEREAS, the Plan currently expires on April 30, 2008 and it is advisable to extend the term of the Plan;
RESOLVED, effective as of February 12, 2008, the second sentence in Section 14 of the Plan is hereby amended to read as follows:
“Unless terminated earlier pursuant to Section 15, the term of the Plan shall expire on April 30, 2016.”
Executed as of this 12th day of February 2008.
| COOPER INDUSTRIES, LTD. | ||||
By: | /s/ James P. Williams | |||
| Senior Vice President | ||||
| Human Resources | ||||
