Amendment to etrials Worldwide, Inc. 1999 Equity Compensation Plan (March 11, 2003)
This amendment, effective March 11, 2003, modifies the etrials Worldwide, Inc. 1999 Equity Compensation Plan by increasing the total number of shares available for awards under the plan to five million. The amendment was approved by the company's Board of Directors and all other terms of the plan remain unchanged. The agreement is governed by Delaware law.
Exhibit 10.22
AMENDMENT TO THE
ETRIALS WORLDWIDE, INC.
1999 EQUITY COMPENSATION PLAN
This Amendment to the etrials Worldwide, Inc. (the “Company”) 1999 Equity Compensation Plan (this “Amendment”) has been approved by the Board of Directors of the Company and the effective date of this amendment is March 11, 2003.
Capitalized terms used herein and not otherwise defined shall have the meanings assigned in the 1999 Stock Award Plan (the “Plan”)
The Plan is hereby amended by amending the first sentence of Section 3.5 to read as follows:
The aggregate number of shares of Stock which are subject to an Award under the Plan shall be five million (5,000,000) shares, subject to adjustment as provided in Section 3.10.
As amended hereby the Plan shall remain in full force and effect.
This Amendment and all rights and obligations hereunder shall be construed in accordance with and governed by the laws of the Delaware.
