Second Amendment to Amerigon Incorporated 2006 Equity Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the Amerigon Incorporated 2006 Equity Incentive Plan by changing the minimum restricted periods for certain restricted stock awards. Non-performance-based awards must now have a minimum restriction of three years, performance-based awards at least one year, and non-performance-based awards given in lieu of a cash bonus also at least one year. The amendment clarifies the time frames participants must wait before their stock awards become fully vested.

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EX-10.1 3 dex101.htm SECOND AMENDMENT TO THE AMERIGON INCORPORATED Second Amendment to the Amerigon Incorporated

EXHIBIT 10.1

SECOND AMENDMENT TO THE

AMERIGON INCORPORATED 2006 EQUITY INCENTIVE PLAN

The last sentence of Section 18(a) of the Plan is hereby amended to read in its entirety as follows:

“Notwithstanding the foregoing, (i) the restricted period for non-performance-based restricted stock awards (excluding those awards described in (iii) below) shall not be less than three years, (ii) the restricted period for performance-based restricted stock awards shall not be less than one year and (iii) the restricted period for non-performance-based restricted stock awards that are granted to Participants who elect to receive such awards in lieu of a cash bonus shall not be less than one year.”