Amendment to 1999 Stock Option Plan

EX-10.47 7 c21885exv10w47.htm AMENDMENT TO 1999 STOCK OPTION PLAN exv10w47
 

EXHIBIT 10.47
AMENDMENT TO THE ESCO TECHNOLOGIES INC.
1999 STOCK OPTION PLAN
WHEREAS, ESCO Technologies Inc. (“Company”) adopted the ESCO Technologies Inc. 1999 Stock Option Plan (“Plan”); and
WHEREAS, the Company retained the right to amend the Plan pursuant to Section 16 thereof; and
WHEREAS, the Company desires to amend the Plan in accordance with Section 409A of the Internal Revenue Code of 1986, as amended;
NOW, THEREFORE, effective as of October 3, 2007, the Plan is amended as follows:
1. The last sentence of Section 14(a) is deleted.
IN WITNESS WHEREOF, the foregoing Amendment was adopted on the 3rd day of October, 2007.