Amendment No. 1 to TALX Corporation Outside Directors' Stock Option Plan
This amendment, approved by the TALX Corporation Board of Directors on May 15, 2001, updates the Outside Directors' Stock Option Plan. It grants a special stock option award of 1,000 shares to outside directors, effective May 1, 2001, at the closing price on that date. It also increases the annual stock option award for outside directors to 2,500 shares. The amendment was recommended by the Compensation Committee and subsequently approved by the Board.
EXHIBIT 10.5
AMENDMENT NO. 1 TO
TALX CORPORATION OUTSIDE DIRECTORS’ STOCK OPTION PLAN
On May 15, 2001, the Compensation Committee of the Board of Directors reviewed and approved a special stock option award to Outside Directors of 1,000 shares effective May 1, 2001 at the closing price of the stock on that date and an adjustment to the annual award to 2,500 shares. The Board of Directors approved all recommendations of the Compensation Committee on May 15, 2001.
