Second Amendment Of The eCollege.com 1999 Employee Stock Purchase Plan
Exhibit 10.30
Second Amendment
Of The
eCollege.com 1999 Employee Stock Purchase Plan
WHEREAS, eCollege.com, a Delaware corporation, (the Company) maintains the eCollege.com 1999 Employee Stock Purchase Plan (the Plan); and
WHEREAS, under Article X of the Plan, the Board of Directors of the Company (the Board) is authorized to amend the Plan, and the Board now considers it desirable to amend the Plan;
1. NOW, THEREFORE, pursuant to the power reserved to the Board by Article X of the Plan, and by virtue of the authority delegated to the undersigned officer by resolution of the Board, the Plan is hereby amended by deleting the phrase one million (1,000,000) in Section III.A of the Plan and replacing it with the phrase one million, one hundred sixty seven thousand (1,167,000).
IN WITNESS WHEREOF, the Company has caused this amendment to be executed by its duly authorized officer this 22nd day of March, 2005.
| eCollege.com | ||
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| By: | /s/ Oakleigh Thorne |
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| Its: | Chief Executive Officer |