Amendment to Non-Plan Inducement Restricted Stock Award Agreement between Nalco Holding Company and J. Erik Fyrwald
Nalco Holding Company and J. Erik Fyrwald amended their Restricted Stock Award Agreement, originally effective March 7, 2008, to accelerate the vesting date for the remaining 50% of restricted shares (67,959 shares of Ecolab Inc. Common Stock) from March 6, 2012, to February 22, 2012. This change was approved by the Compensation Committee of Ecolab Inc.'s Board of Directors and allows Fyrwald to receive his shares earlier than originally scheduled.
EXHIBIT (10.27)(ii)
DESCRIPTION OF AMENDMENT EFFECTIVE AS OF FEBRUARY 22, 2012
TO NON PLAN INDUCEMENT AWARD RESTRICTED STOCK AWARD AGREEMENT
Pursuant to action by the Compensation Committee of the Board of Directors of Ecolab Inc. effective as of February 22, 2012, the Non Plan Inducement Award Restricted Stock Award Agreement effective as of March 7, 2008 (the “Agreement”) between Nalco Holding Company, a Delaware corporation, and J. Erik Fyrwald (“Fyrwald”) was amended with respect to Exhibit A to the Agreement by accelerating the vesting date for the remaining 50% of the restricted shares subject to the Agreement (amounting to 67,959 shares of Ecolab Inc. Common Stock) from March 6, 2012 to February 22, 2012.
