Fifth Amendment to ESCO Technologies Inc. 2001 Stock Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, effective February 4, 2010, modifies the ESCO Technologies Inc. 2001 Stock Incentive Plan by removing the requirement that stock issued through options must be held for investment purposes only. The amendment was adopted by ESCO Technologies Inc. and reflects a change in the conditions under which stock options may be exercised and held by participants.

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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.