Second Amendment to the Fossil, Inc. 1993 Long-Term Incentive Plan
This amendment updates the Fossil, Inc. 1993 Long-Term Incentive Plan by increasing the total number of shares of common stock available for awards to 3,525,000. The amendment is effective immediately upon approval by the company's stockholders at the 1998 Annual Meeting. The plan is designed to provide long-term incentives to employees, officers, or directors of Fossil, Inc.
Exhibit 10.9
AMENDMENT NUMBER TWO
TO THE
1993 LONG-TERM INCENTIVE PLAN
OF
FOSSIL, INC.
The following Amendment to the 1993 Long-Term Incentive Plan of Fossil, Inc. (The Incentive Plan), as authorized by the Board of Directors of Fossil, Inc. (the Company), is adopted as of the effective date specified herein:
The first sentence of paragraph 4 of the Incentive Plan is amended to read as follows:
Common Stock Available for Award. There shall be available for Awards granted wholly or partly in Common Stock (including rights or options which may be exercised for or settled in Common Stock) during the term of this Plan an aggregate of 3,525,000 shares of Common Stock.
This amendment shall become effective immediately upon the approval of the Amendment by the Stockholders of the Company at the 1998 Annual Meeting of Stockholders.
Adopted this 3rd day of March 1998.
Fossil, Inc.
By: | /s/ T. R. Tunnell | |
T.R. Tunnell | ||
Senior Vice President, Development, | ||
Chief Legal Officer & Secretary |