Amendment to Energy Recovery, Inc. 2006 Stock Option/Stock Issuance Plan (as of November 8, 2007)

Contract Categories: Business Finance › Stock Agreements
Summary

This amendment updates the Energy Recovery, Inc. 2006 Stock Option/Stock Issuance Plan by increasing the maximum number of shares of common stock that may be issued under the plan to 800,000 shares. The shares may be either newly issued or reacquired by the company. The amendment is effective as of November 8, 2007, and applies to all stock options and issuances under the plan.

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EX-10.5.1 9 f38510orexv10w5w1.htm EXHIBIT 10.5.1 exv10w5w1  

Exhibit 10.5.1
ENERGY RECOVERY, INC.
AMENDMENT TO 2006 STOCK OPTION/STOCK ISSUANCE PLAN
(Amended as of November 8, 2007)
Exhibit A
     Article One, Section V(A) of the Energy Recovery, Inc. 2006 Stock Option/Stock Issuance Plan (the “Plan”) is hereby amended and restated in its entirety to read:
          “The stock issuable under the Plan shall be shares of authorized but unissued or reacquired Common Stock. The maximum number of shares of Common Stock which may be issued over the term of the Plan shall not exceed eight hundred thousand (800,000) shares.”