Amendment to Stock Option Agreement between Deltek Systems, Inc. and David Schwiesow
Deltek Systems, Inc. and David Schwiesow have agreed to amend their existing Stock Option Agreement, originally granted on April 26, 2006. The amendment changes the price at which Mr. Schwiesow can purchase company stock from $7.22 to $9.00 per share. All other terms of the original agreement remain unchanged. This amendment is effective as of December 4, 2006, and is signed by both parties.
Exhibit 10.14
AMENDMENT TO
STOCK OPTION AGREEMENT
WHEREAS, Deltek Systems, Inc. (the Company) has granted David Schwiesow (Optionee) an option (the Option) to purchase Common Stock of the Company pursuant to a Stock Option Agreement with a date of grant of April 26, 2006 (the Stock Option Agreement); and
WHEREAS, the option price (the Option Price) of the Option as stated in the Stock Option Agreement is $7.22 per share of Common Stock; and
WHEREAS, the Company and Optionee wish to revise the Option Price of the Option;
NOW, THEREFORE, Section 2 of the Stock Option Agreement is amended to provide that the Option Price of the Option is $9.00 per share of Common Stock.
Except as otherwise set forth above, all other terms and conditions of the Stock Option Agreement shall remain in effect.
IN WITNESS WHEREOF, this Amendment to Stock Option Agreement has been executed by the undersigned, effective as of December 4, 2006.
OPTIONEE | DELTEK SYSTEMS, INC. | |||||||
/s/ David Schwiesow | /s/ Kevin Parker | |||||||
Optionee Signature | Kevin Parker | |||||||
President and Chief Executive Officer | ||||||||
Date: December 22, 2006 | Date: December 20, 2006 |