Third Amendment to Gentherm Incorporated 2011 Equity Incentive Plan

Contract Categories: Business Finance › Modification Agreements
Summary

This amendment updates the Gentherm Incorporated 2011 Equity Incentive Plan by clarifying the plan's name and stating that, effective May 16, 2013, no new awards can be granted under the plan. The amendment is intended to formally close the plan to new equity awards while maintaining its existing provisions for previously granted awards.

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EX-10.3 3 d541171dex103.htm EX-10.3 EX-10.3

EXHIBIT 10.3

THIRD AMENDMENT TO THE

GENTHERM INCORPORATED 2011 EQUITY INCENTIVE PLAN

(F/K/A AMERIGON INCORPORATED 2011 EQUITY INCENTIVE PLAN)

1. Section 1(k) is hereby amended to read in its entirety as follows:

“(k) “Plan” shall mean this Gentherm Incorporated 2011 Equity Incentive Plan.”

2. A new sentence is hereby added to the end of Section 5 of the Plan as follows:

“Notwithstanding the foregoing, from and after May 16, 2013, no new Awards may be granted under the Plan.”