Amendment to 2004 Stock Option Plan Approved April 15, 2005

Contract Categories: Business Finance › Stock Agreements
Summary

This amendment updates the company's 2004 Stock Option Plan, allowing options to be granted for up to 4,000,000 shares of common stock. It also specifies that 403,050 shares are reserved for holders of existing options as of June 22, 2004, provided they surrender their current options. The amendment was approved on April 15, 2005.

Read More Arrow
EX-4.7 2 c37188_ex4-7.txt Exhibit 4.7 AMENDMENT TO THE STOCK OPTION PLAN APPROVED APRIL 15, 2005 Section 2 of the 2004 Stock Option Plan is amended to read as follows: 2. SHARES SUBJECT TO PLAN. Options may be granted to purchase up to Four Million (4,000,000) shares of the common stock, par value $0.01 per share (the "Common Stock") of the Company, including options to purchase up to Four Hundred Three Thousand Fifty (403,050) shares initially reserved for grant to holders of options outstanding on June 22, 2004 of a like amount at the discretion of the Board or Committee subject to such holder's surrender of his/her outstanding options.