Amendment No. 1 to Extended Systems Incorporated 1998 Stock Plan

Summary

This amendment updates the 1998 Stock Plan of Extended Systems Incorporated, effective January 23, 2001. It revises the definition of "Fair Market Value" for the company's common stock, specifying that if the stock is listed on a stock exchange or national market system, its value will be determined by the closing sales price or closing bid as reported in The Wall Street Journal or another reliable source. The amendment clarifies how stock value is calculated for plan purposes.

EX-10.2.2 3 ex10-22_10829.txt AMENDMENT 1 TO THE 1998 STOCK PLAN EXHIBIT 10.2.2 -------------- AMENDMENT NUMBER 1 EXTENDED SYSTEMS INCORPORATED 1998 STOCK PLAN Extended Systems Incorporated, pursuant to and in accordance with the provisions of Section 15 of the Extended Systems Incorporated 1998 Stock Plan, does hereby amend said Plan, effective as of January 23, 2001, as follows: Section 2, paragraph (m), titled "Fair Market Value", subparagraph (i), is replaced in its entirety with the following sentence: "If the Common Stock is listed on any established stock exchange or a national market system, including without limitation The Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Value shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system on the date of determination, as reported in THE WALL STREET JOURNAL or such other source as the Administrator deems reliable;"