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.