FIFTHAMENDMENT TO THE ESCO TECHNOLOGIESINC. 2001 STOCKINCENTIVE PLAN
EX-10.3 4 exhibit103.htm FIFTH AMENDMENT TO 2001 STOCK INCENTIVE PLAN Unassociated Document
EXHIBIT 10.3
FIFTH AMENDMENT TO THE
ESCO TECHNOLOGIES INC. 2001 STOCK INCENTIVE PLAN
WHEREAS, ESCO Technologies Inc. (“ESCO”) previously adopted the ESCO Technologies Inc. 2001 Stock Incentive Plan (“Plan”); and
WHEREAS, ESCO reserved the right to amend the Plan pursuant to Section 13 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 7(j) of the Plan is deleted in its entirety.
IN WITNESS WHEREOF, the foregoing Amendment was adopted on the 4th day of February, 2010.