Amendment to Courier Corporation Amended and Restated 1993 Stock Incentive Plan (July 15, 2009)
This amendment, effective July 15, 2009, modifies the Courier Corporation Amended and Restated 1993 Stock Incentive Plan. It allows participants with non-incentive stock options (non-ISOs) to exercise their options through a "net exercise" method, where the company withholds enough shares to cover the exercise price, issuing only the remaining shares to the participant. All other terms of the plan remain unchanged. The amendment was approved by the Board of Directors.
Exhibit 10.1
AMENDMENT
TO
COURIER CORPORATION
AMENDED AND RESTATED 1993 STOCK INCENTIVE PLAN
A. The Courier Corporation Amended and Restated 1993 Stock Incentive Plan (the “Plan”), as recently amended November 3, 2004 and December 7, 2006, is hereby amended pursuant to the authority reserved in Section 14 thereof:
a. Section 5(c) (Method of Exercise) is hereby amended by adding the following paragraph at the end thereof:
“Alternatively, with respect to Options that are not ISOs, the Participant may choose to exercise his or her Option by means of a “net exercise” arrangement pursuant to which the Company will reduce the number of shares of Stock issuable upon exercise by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price.”
B. Except as amended herein, the Plan is confirmed in all other respects.
C. The effective date of this Amendment is July 15, 2009.
Approved by the Board of Directors, July 15, 2009
