First Amendment to Redwire Corporation 2021 Omnibus Incentive Plan
This amendment, effective September 2, 2021, modifies the Redwire Corporation 2021 Omnibus Incentive Plan. It clarifies how the Fair Market Value is determined for any awards granted on the closing date of a specific merger, stating it will be based on the New York Stock Exchange closing price from the day before the closing date. The amendment was approved by the Compensation Committee of Redwire Corporation's Board of Directors.
Exhibit 10.9
FIRST AMENDMENT TO THE REDWIRE CORPORATION 2021 OMNIBUS
INCENTIVE PLAN
Effective as of September 2, 2021, pursuant to action taken by the Compensation Committee of the Board of Directors of Redwire Corporation, the Redwire Corporation 2021 Omnibus Incentive Plan (the “Plan”) has been amended to add the following sentence to the end of Section 2(r) of the Plan:
“Notwithstanding the foregoing, with respect to any Award granted on the Closing Date (as defined in that certain Merger Agreement dated March 25, 2021 by and among Genesis Park Acquisition Corp., Redwire, LLC, and the other parties thereto), Fair Market Value shall mean the closing price reported on the New York Stock Exchange on the trading day immediately prior to the Closing Date.”
