Fifth Amendment to ESCO Technologies Inc. 1999 Stock Option Plan

Contract Categories: Business Finance › Stock Agreements
Summary

This amendment, effective February 4, 2010, modifies the ESCO Technologies Inc. 1999 Stock Option Plan by removing the requirement that stock issued under the plan must be held for investment purposes only. The amendment deletes Section 13 of the plan in its entirety. The change was formally adopted by ESCO Technologies Inc. on the specified date.

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EX-10.2 3 exhibit102.htm FIFTH AMENDMENT TO 1999 STOCK OPTION PLAN Unassociated Document
EXHIBIT 10.2
FIFTH AMENDMENT TO THE
ESCO TECHNOLOGIES INC. 1999 STOCK OPTION PLAN
 

 
WHEREAS, ESCO Technologies Inc. (“ESCO”) previously adopted the ESCO Technologies Inc. 1999 Stock Option Plan (“Plan”); and
 
WHEREAS, ESCO reserved the right to amend the Plan pursuant to Section 16 thereof; and
 
WHEREAS, effective February 4, 2010, ESCO desires to amend the Plan to remove the restriction that stock issued pursuant to an option granted thereunder must be held for investment purposes only;
 
NOW, THEREFORE, effective February 4, 2010, Section 13 of the Plan is deleted in its entirety.
 
IN WITNESS WHEREOF, the foregoing Amendment was adopted on the 4th day of February, 2010.