Amendment No. 1 to Crown Holdings, Inc. 2022 Stock-Based Incentive Compensation Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Crown Holdings, Inc. has amended its 2022 Stock-Based Incentive Compensation Plan, effective October 26, 2023. The amendment allows non-employee directors to defer all or part of their annual stock awards under the plan, in accordance with the company's Deferred Compensation Plan for Directors and applicable laws. This change provides directors with more flexibility in how they receive their compensation.

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EX-10.U 3 amendmentno1tothecrownhold.htm AMENDMENT TO 2022 STOCK BASED COMPENSATION PLAN Document

Amendment No. 1

CROWN HOLDINGS, INC.
2022 STOCK-BASED INCENTIVE COMPENSATION PLAN

Pursuant to the power reserved to it in Section 13.1 of the Crown Holdings, Inc. 2022 Stock-Based Incentive Compensation Plan (the “2022 Plan”), the Board of Directors of Crown Holdings, Inc. hereby amends the 2022 Plan, effective October 26, 2023, as follows:

1.A new Section 8.4 shall be inserted, immediately following Section 8.3, as follows:

“8.4. Each Non-Employee Director may make a written election to defer all or a portion of any Annual Stock Award for Non-Employee Directors in accordance with the terms of the Crown Holdings, Inc. Deferred Compensation Plan for Directors, as amended from time to time; provided that any deferral under this Section 8.4 shall comply with all applicable laws, rules and regulations, including, without limitation, Section 409A of the Code and such administrative procedures as established by the Committee in its sole discretion.”

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To record the adoption of this Amendment No. 1 to the 2022 Plan, Crown Holdings, Inc. has authorized its officer to affix its corporate name effective as of the date indicated above.


CROWN HOLDINGS, INC.

            By: /s/ Timothy J. Donahue
Name: Timothy J. Donahue
Title: President and Chief Executive Officer