Amendment to CPI Aerostructures, Inc. Performance Equity Plan 2000

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

CPI Aerostructures, Inc. has amended its Performance Equity Plan 2000 to increase the number of shares of common stock available for issuance from 830,000 to 1,230,000. This amendment was approved by the board on March 22, 2005, and by shareholders on May 24, 2005. The amendment allows the company to grant more equity awards to eligible participants under the plan.

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EX-10.6.1 2 file002.htm AMENDMENT TO THE PERFORMANCE EQUITY PLAN 2000 
  EXHIBIT 10.6.1 BOARD APPROVAL: MARCH 22, 2005 SHAREHOLDER APPROVAL: MAY 24, 2005 CPI AEROSTRUCTURES, INC. AMENDMENT TO PERFORMANCE EQUITY PLAN 2000 Section 3.1 of the CPI Aerostructures, Inc. Performance Equity Plan 2000 ("Plan") is hereby amended to increase the number of shares of common stock reserved and available for issuance for distribution under the Plan from 830,000 shares of common stock to 1,230,000 shares of common stock. 4